Trailing drawdown in combine - futures io
futures io futures trading



Trailing drawdown in combine


Discussion in Traders Hideout

Updated by indiantrader
      Top Posters
    1. looks_one Janb with 4 posts (3 thanks)
    2. looks_two skfutures with 3 posts (2 thanks)
    3. looks_3 indiantrader with 2 posts (1 thanks)
    4. looks_4 bobwest with 2 posts (5 thanks)
      Best Posters
    1. looks_one Silver Dragon with 3.0 thanks per post
    2. looks_two bobwest with 2.5 thanks per post
    3. looks_3 Janb with 0.8 thanks per post
    4. looks_4 skfutures with 0.7 thanks per post
    1. trending_up 1,062 views
    2. thumb_up 16 thanks given
    3. group 7 followers
    1. forum 15 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

Trailing drawdown in combine

  #1 (permalink)
Wellington
 
Experience: Beginner
Platform: NinjaTrader
Trading: Crude CL
 
Posts: 18 since Oct 2018
Thanks: 25 given, 10 received

Trailing drawdown in combine

Hi traders

I'm currently doing a trading combine and just trying to come to terms with the trailing drawdown.

For those who have done this the drawdown trails your profit, but what I did not know i s that your unrealized paper profits are also included.

For example if I take a trade it goes 7 ticks and misses my tp with one tick and reverses and hit my sl, the trailing drawdown still goes up 7 ticks?

Not sure why it's designed like this as it doesn't promote good trading.

Any advice on how to overcome this?

Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
What is your single biggest weakness?
95 thanks
Spoo-nalysis ES e-mini futures S&P 500
90 thanks
Is Volume Profile worth learning or is it an outdated concept?
59 thanks
Is Amp at risk of going under?
52 thanks
Is Orderflow An Outdated Concept?
30 thanks
 
  #3 (permalink)
North vancouver
 
Experience: Beginner
Platform: Ninjatrader, Firetip
Trading: ES YM
 
Posts: 128 since Oct 2016
Thanks: 107 given, 39 received



Janb View Post
Hi traders

I'm currently doing a trading combine and just trying to come to terms with the trailing drawdown.

For those who have done this the drawdown trails your profit, but what I did not know i s that your unrealized paper profits are also included.

For example if I take a trade it goes 7 ticks and misses my tp with one tick and reverses and hit my sl, the trailing drawdown still goes up 7 ticks?

Not sure why it's designed like this as it doesn't promote good trading.

Any advice on how to overcome this?

Because you are with OneUp? I don't know any other combine that utilize unrealized profit as trailing rise other than OneUp.

Reply With Quote
The following user says Thank You to skfutures for this post:
 
  #4 (permalink)
Wellington
 
Experience: Beginner
Platform: NinjaTrader
Trading: Crude CL
 
Posts: 18 since Oct 2018
Thanks: 25 given, 10 received

That would be correct. No problems with them, excellent support and price on combines.

Just thinking using unrealized profits is a bit "counter productive"

Reply With Quote
 
  #5 (permalink)
burlington, vt
 
Experience: Advanced
Platform: Sierra
Trading: NQ
 
Posts: 197 since Aug 2015
Thanks: 82 given, 390 received

that sounds like a terrible rule. it discourages those who deal with bigger intraday swings, and uses little logic in determining a viable trader. perhaps whatever firm you are with are seeking to gain traders who will generate a lot of commissions through a partner.

which firm are you trading with?

Reply With Quote
The following user says Thank You to karentrader for this post:
 
  #6 (permalink)
North vancouver
 
Experience: Beginner
Platform: Ninjatrader, Firetip
Trading: ES YM
 
Posts: 128 since Oct 2016
Thanks: 107 given, 39 received


Janb View Post
That would be correct. No problems with them, excellent support and price on combines.

Just thinking using unrealized profits is a bit "counter productive"

It's a trade off.
You pay for less combine but you have to capture 100% of your target in order for you to survive in a long term.
I don't know if it's possible at all.

Reply With Quote
The following user says Thank You to skfutures for this post:
 
  #7 (permalink)
Wellington
 
Experience: Beginner
Platform: NinjaTrader
Trading: Crude CL
 
Posts: 18 since Oct 2018
Thanks: 25 given, 10 received


karentrader View Post
that sounds like a terrible rule. it discourages those who deal with bigger intraday swings, and uses little logic in determining a viable trader. perhaps whatever firm you are with are seeking to gain traders who will generate a lot of commissions through a partner.

which firm are you trading with?

That will be with OneUp. Yes possibly it's due to getting more commissions.

Reply With Quote
 
  #8 (permalink)
Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 812 since Sep 2013
Thanks: 1,835 given, 1,390 received

@Janb
There's a thread for OneUp. I know this issue has been discussed. Maybe there is a suggestion in there.


My thought is the rule seems to promote a small target scalp style of trading. Say trading momentum breaks and getting out as soon as the momentum stops, or targeting very small fixed targets.
An intraday swing style where you want to sit in a trade and hold it through some natural ebbs and flows of the market would be hard to do on any size as you have found, once the trade has got in to profit, as you would never be able to sit through any meaningful pullback while price moved towards your profit target.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger

Last edited by matthew28; May 22nd, 2019 at 04:37 AM. Reason: Added second paraagraph
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matthew28 for this post:
 
  #9 (permalink)
Super Moderator
Sarasota FL
 
Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 5,632 since Jan 2013
Thanks: 44,144 given, 19,037 received


matthew28 View Post
My thought is the rule seems to promote a small target scalp style of trading. Say trading momentum breaks and getting out as soon as the momentum stops, or targeting very small fixed targets.
An intraday swing style where you want to sit in a trade and hold it through some natural ebbs and flows of the market would be hard to do on any size as you have found, once the trade has got in to profit, as you would never be able to sit through any meaningful pullback while price moved towards your profit target.

I think there is a crucially important point being made here about any and all of the funding tryout companies: once you fully understand all their rules (many traders seem not to bother reading them ), then you should ask yourself whether your preferred style of trading fits in well with them. Very often it does not, which is no one's fault, but it does mean that you shouldn't play with them. Find one where they will let you play your game. If you can't find one, look for another way to be funded.

If the way you trade clearly won't match the way they have the rules set up, there's no point in trading against such a strong headwind. Whether they are being unfair or whether your trading just won't succeed well within their framework, you should just walk away. And it doesn't matter which one it is. If you know your own trading, you will be able to figure out whether you belong there or not, and act accordingly.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to bobwest for this post:
 
  #10 (permalink)
Cincinnati Ohio
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Futures Broker
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,783 since Feb 2011
Thanks: 5,047 given, 4,100 received



matthew28 View Post

My thought is the rule seems to promote a small target scalp style of trading. Say trading momentum breaks and getting out as soon as the momentum stops, or targeting very small fixed targets.
An intraday swing style where you want to sit in a trade and hold it through some natural ebbs and flows of the market would be hard to do on any size as you have found, once the trade has got in to profit, as you would never be able to sit through any meaningful pullback while price moved towards your profit target.


bobwest View Post
I think there is a crucially important point being made here about any and all of the funding tryout companies: once you fully understand all their rules (many traders seem not to bother reading them ), then you should ask yourself whether your preferred style of trading fits in well with them. Very often it does not, which is no one's fault, but it does mean that you shouldn't play with them. Find one where they will let you play your game. If you can't find one, look for another way to be funded.

If the way you trade clearly won't match the way they have the rules set up, there's no point in trading against such a strong headwind. Whether they are being unfair or whether your trading just won't succeed well within their framework, you should just walk away. And it doesn't matter which one it is. If you know your own trading, you will be able to figure out whether you belong there or not, and act accordingly.

Bob.

@bobwest, I agree some traders just donít fit he model. However, some traders are not willing to change to succeed.

@matthew28 if you canít hold through a pull back then your position size is too large or your account size is too small. Adjust those and you should be able to hold through a normal pullback.

Robert

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Silver Dragon for this post:



futures io Trading Community Traders Hideout > Trailing drawdown in combine




Upcoming Webinars and Events
 

Free BloodHound Licenses to everyone!

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts