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Perrys Trading Platform
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Perrys Trading Platform

  #951 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received


floreacalin View Post
I just don't get it, how do you have such a great winning percentage?
I have been sim trading the method for a while and i think i'm doing something wrong, because i'm loosing money.
Do you steel trade the same method, no add ons?

Thank you so much for your time...

If you get the hang of it you should be making money. Maybe you can post a few trades to see what you are doing.

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  #952 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
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I love Perry's Trading Method.........

but I couldn't gain the consistency of 80% or better. So I tabled it for now. Just chiming in..............

 
  #953 (permalink)
Elite Member
Romania, Targu-Mures
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: 6E, M6E
 
Colin F's Avatar
 
Posts: 68 since Dec 2010
Thanks: 54 given, 45 received

market replay



perryg View Post
If you get the hang of it you should be making money. Maybe you can post a few trades to see what you are doing.

This is yesterday's 6E on market reply.
The blue arrows on the chart represent the setup bars according to method 1 and 2.
My target is 9 and SL 6.
I had 6 wins and 5 losses - so for this trades it's 60% WP - 300$ (minus commission)
I have to say i traded a little bit mechanical, because i did not took in consideration the murrey math lines and did not exit the trades when i saw the end trend warning, and let it hit my stop or my profit target.
Should i probably be more flexible in taking the profits?

P.S.
I didn't mind the other indicators that appear on the chart (MACD and VHF)

Colin
Attached Thumbnails
Perrys Trading Platform-6e-06-11-4-range-4_6_2011yy.jpg  
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  #954 (permalink)
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floreacalin View Post
This is yesterday's 6E on market reply.
The blue arrows on the chart represent the setup bars according to method 1 and 2.
My target is 9 and SL 6.
I had 6 wins and 5 losses - so for this trades it's 60% WP - 300$ (minus commission)
I have to say i traded a little bit mechanical, because i did not took in consideration the murrey math lines and did not exit the trades when i saw the end trend warning, and let it hit my stop or my profit target.
Should i probably be more flexible in taking the profits?

P.S.
I didn't mind the other indicators that appear on the chart (MACD and VHF)

Just looking at the chart and what you have traded here are my comments:
1. You are OVER TRADING. There were only 2-3 trades here
2. Concentrate on method 1. Only when you get it right, start to learn method 2
3. There is no such thing as mechanical trading. If you really want to loose money thats the way to go. You cannot sit in a trade and wait for it to stop you out. If you see the trade is not going your way get out of the trade with minimum loss. There are other trades around the corner.
4. On a 4 Range chart I recommended 4 Tick profit. Once you get the hang of trading, you can INCREASE the number of contracts and still take 4 ticks. e.g. 5 contracts at 4 ticks = 20 ticks. Do 5 trades a day and you have 100 ticks = $1250. Just increase the amount of contracts if you want more.
5. Start out with 1 contract and 4 tick profit.

All your trades at the top of the trend are not in line with either method. I think you were too keen to JUST TRADE, and really see what you are trading. As a beginner you may be over keen to trade. Go slow even if you make ONE trade a day at the beginning. Then go to 2 trades, and so on until you build your confidence.

I hope this will help you.

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  #955 (permalink)
Elite Member
Romania, Targu-Mures
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: 6E, M6E
 
Colin F's Avatar
 
Posts: 68 since Dec 2010
Thanks: 54 given, 45 received


perryg View Post
Just looking at the chart and what you have traded here are my comments:
1. You are OVER TRADING. There were only 2-3 trades here
2. Concentrate on method 1. Only when you get it right, start to learn method 2
3. There is no such thing as mechanical trading. If you really want to loose money thats the way to go. You cannot sit in a trade and wait for it to stop you out. If you see the trade is not going your way get out of the trade with minimum loss. There are other trades around the corner.
4. On a 4 Range chart I recommended 4 Tick profit. Once you get the hang of trading, you can INCREASE the number of contracts and still take 4 ticks. e.g. 5 contracts at 4 ticks = 20 ticks. Do 5 trades a day and you have 100 ticks = $1250. Just increase the amount of contracts if you want more.
5. Start out with 1 contract and 4 tick profit.

All your trades at the top of the trend are not in line with either method. I think you were too keen to JUST TRADE, and really see what you are trading. As a beginner you may be over keen to trade. Go slow even if you make ONE trade a day at the beginning. Then go to 2 trades, and so on until you build your confidence.

I hope this will help you.

Thank you, great help.
When i started sim trading method 1, i started on ES with a 4 tick profit and a 5 tick SL, and it was quite choppy.
Then i moved to 6E with the same 4 tick profit and 5 tick SL, but i think it was to volatile and got stopped allot, and moved to 9 tick profit and 6 tick SL, do you recommend going back to the begining?
Another thing, could you please point the wrong setup bars on the chart (the top, that u mentioned?) and explain a little? I know the one bar that i marked with x on the chart was not according to anything.

Thank you again for your time and effort.

P.s. is it alright to have a higher SL than PT?

Colin
Attached Thumbnails
Perrys Trading Platform-6e-06-11-4-range-4_6_2011yy.jpg  

Last edited by Colin F; April 8th, 2011 at 07:07 PM.
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  #956 (permalink)
Elite Member
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp Futues/Zen-fire
Favorite Futures: Futures
 
Posts: 45 since Apr 2010
Thanks: 13 given, 6 received

Hey everyone, was wondering if the DMPLUS Signals v8 indicator repaints? Does it remove dots from previous bars once they are placed? Also, does it signal prior to bar close as a warning of an impending dot? Thanks a bunch! SS

 
  #957 (permalink)
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floreacalin View Post
Thank you, great help.
When i started sim trading method 1, i started on ES with a 4 tick profit and a 5 tick SL, and it was quite choppy.
Then i moved to 6E with the same 4 tick profit and 5 tick SL, but i think it was to volatile and got stopped allot, and moved to 9 tick profit and 6 tick SL, do you recommend going back to the begining?
Another thing, could you please point the wrong setup bars on the chart (the top, that u mentioned?) and explain a little? I know the one bar that i marked with x on the chart was not according to anything.

Thank you again for your time and effort.

P.s. is it alright to have a higher SL than PT?

I recommend you to trade the 6E ONLY for starters. The ES is not a grounds for a beginner. The ES has ample volatility during the day. The good times of the day are as follows: 02:30 - 05:30, 08:00 - 11:00, 14:00 - 15:30 EST. All times are EST.
Your SL can be higher than your profit target. Your SL is there for emergency purposes, it is not there for you to wait until it stops you out. If you see the trade is going in the wrong direction, get out of the trade before it hits your SL.

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  #958 (permalink)
Elite Member
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Favorite Futures: Futures
 
Posts: 45 since Apr 2010
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Any answer to #956? Thanks, SS

 
  #959 (permalink)
Elite Member
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Broker/Data: CQG
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Southsea View Post
Any answer to #956? Thanks, SS

I think your question should be posted in https://futures.io/ninjatrader-programming/5220-perrys-trading-strategy-development.html as it was developed there.

 
  #960 (permalink)
Elite Member
UK London
 
Futures Experience: None
Platform: NT and XTrader
Favorite Futures: Piano
 
Posts: 1,358 since Sep 2009
Thanks: 1,356 given, 1,551 received


Just to give some feedback I've attached yesterdays and todays NT PnL Summary.
About 80% of trades were of one contract 15% on two and about 5% on four,
to give some perspective to the results.
(Results are just for ES).

The only addition to the Perry chart is that I utilize delta (via Gom "stuff").
This is how I read price intra bar.
Everything basically stems from the format Perry has outlined.

The only addition that no chart or method can give is the stuff inside the trader.
The motivation, focus, patience, discipline, tenacity, endurance, and innate understanding of who they are,
what they have decided to do and how.

Hope this is of help.

Kind regards.

Every moment I wake up I realize I know nothing, and then I smile...
Attached Thumbnails
Perrys Trading Platform-pnl-12_04_2011.jpg   Perrys Trading Platform-pnl-13_04_2011.jpg  

Last edited by zt379; April 13th, 2011 at 11:56 PM.
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