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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #681 (permalink)
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Tucson, AZ
 
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Platform: MB Trading Navigator
 
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wuolong View Post
I am slowly getting your points, I think.

YouTube - Matrix - Neo vs Morpheus

Really...

Do you think that is air that you are breathing?

Your weakness is not your technique.

Remember to purify water, you do NOT add anything to it, you REMOVE the impurities!

I am trying to free your mind.

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  #682 (permalink)
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lolu View Post
The RO,

Please, see attached snapshots. The TRO_SM_Control_PMSM6_Pop/1 minute chart is on the left; the TRO_SM_Control_PMSM6/4 range chart is on the right.

Lolu

Do you need ANY INDICATOR?

No, not really.

Can some indicators help?

Of course.

Those indicators, if coded properly, will let you know who is in control based on my control formula.

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  #683 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 76 since Jul 2009
Thanks: 175 given, 9 received


For EURO FX, it seems quite volatile even for 10pips stop loss. Since you have all the stats on your side, would you mind sharing some insights on some reasonable ranges for stop loss and profit taking? Thanks.



TheRumpledOne View Post
I am trying to free your mind.


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  #684 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

Hey guys, I always forget the news so I wrote a little indicator to remind me of the news updates. You just type in the times for the news (103000 = 10:30:00 local time) and it will draw a line on the chart and play a wav file. It handles up to 10 times (leave at 0 if you don't want them all). I couldn't test the wav file cause it doesn't work on historical data and the markets are closed, so let me know what you think.

https://futures.io/free_downloads/ninjatrader/indicators/134-download.html?view

I'm attaching the wav file in the zip, I couldn't figure out how to add it to the download page. The indicator is on the download page..

Attached Thumbnails
All you need-news-reminder.jpg  
Attached Files
Register to download File Type: zip newsalertwav.zip (49.1 KB, 47 views)

Last edited by cunparis; September 13th, 2009 at 01:04 PM.
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  #685 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: Ninja trader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
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TheRumpledOne View Post
Jeff, I believe I have mentioned on more than one occasion, that when you hit your daily goal, QUIT TRADING. ( Some people hate the fact that I use caps, colors and large fonts at times. They think I am yelling at them. I am EMPHASIZING!!)

I do not have a profit target. I only have a stop loss. I take what the market gives. Anyone who frequents my chat room, knows I leave pips on the table more often than not. But that's hindsight. At the time, I am taking what profit there is to take - all of it!

There is no one "method" for exit. If you have proper position size and a reasonable daily goal, one or 2 winning trades can make you a winner for the day.

If you are familiar with COMPOUND INTEREST ( there goes those dreaded caps again ), then you should realize what making 2% or more on your account per day can do for you.

Without compounding, if you make 1% on your account per day and trade everyday. That would be a 250% return in a year. Start with $1000. Make $10 a day. 250 * $10 = $2,500. Would you be happy with that?

Let's compound at 2% a day and see what we have at the end of each month for the next 12 months:

Month
1 1,516
2 2,252
3 3,347
4 4,973
5 7,390
6 10,980
7 16,316
8 24,245
9 36,027
10 53,535
11 79,550
12 118,207

Do I have your attention?

Are you interested?

Are you ready to make a decision?

Are you read to act?

Then sign on the line that is dotted.... LOL!!

YouTube - Alec Baldwin - Best performance

This is why I instruct traders to open an account with a maximum of $500. Once you increase your account to $600, you can add another $100. You have to earn the right to add more money by increasing what you have. If you were a boss, to whom would you give more money - the trader that lost money or the trader that made money? SIMPLE! ( dang those caps )

TRO, that makes perfect sense, I do see the value of compounding, you don't need many pips or tics each day to make a decent living. You can keep trading for the same tic amount each day and just increase the size. Thanks so much, this really makes perfect sense. Jeff

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  #686 (permalink)
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Tucson, AZ
 
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wuolong View Post
For EURO FX, it seems quite volatile even for 10pips stop loss. Since you have all the stats on your side, would you mind sharing some insights on some reasonable ranges for stop loss and profit taking? Thanks.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You can not control the probabilities of wining or losing.

You can not control your average win size.

The only part of the equation of the equation that you can control is your average loss size.

Account balance = $1000

Maximum Risk per trade = 2%

Maximum Risk dollars = $1000 * 2% = $20

POSITION SIZE = RISK / STOP LOSS

STOP LOSS = 10

POSITION SIZE = 20 / 10 = 2

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

Expectancy = (77% * 5) - (13% * 10) Note: Using minimum win size and not including break even trades.

Expectancy = (3.85) - (1.3) = 2.55


Now, this is HINDSIGHT. It is not based on what may have happened within the 60 minute candles.

But this should give you an idea that this can be EXPLOITED.

What is reasonable to one may not be reasonable to another. Some things you have to decide for yourself.

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  #687 (permalink)
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jdella View Post
TRO, that makes perfect sense, I do see the value of compounding, you don't need many pips or tics each day to make a decent living. You can keep trading for the same tic amount each day and just increase the size. Thanks so much, this really makes perfect sense. Jeff

Most important:

* You need to know when to pick up your chips and cash them in.



P.S. I wonder where all the TRO HATERS are? I haven't received any grief on this forum in a long time. Maybe they haven't found me here...LOL!

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  #688 (permalink)
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Tucson, AZ
 
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Posts: 418 since Aug 2009
Thanks: 0 given, 206 received


cunparis View Post
Hey guys, I always forget the news so I wrote a little indicator to remind me of the news updates. You just type in the times for the news (103000 = 10:30:00 local time) and it will draw a line on the chart and play a wav file. It handles up to 10 times (leave at 0 if you don't want them all). I couldn't test the wav file cause it doesn't work on historical data and the markets are closed, so let me know what you think.

https://futures.io/free_downloads/ninjatrader/indicators/134-download.html?view

I'm attaching the wav file in the zip, I couldn't figure out how to add it to the download page. The indicator is on the download page..

I wrote an indicator that alerts me at 5 minutes to the top of the hour. Then I check for news for that hour.

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  #689 (permalink)
Elite Member
Chiron
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: Amp Futures/Zen-Fire
Favorite Futures: ES
 
Posts: 740 since Aug 2009
Thanks: 25 given, 152 received

tro - ty for the newsreminder script - request of you, can you make an indicator that allows to enter prices manually - if not maybe i get into to your code and change it for what im looking for

the reason i ask is because i like to watch the s/r levels from pivotfarm.com

ciao

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  #690 (permalink)
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Tucson, AZ
 
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Platform: MB Trading Navigator
 
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Posts: 418 since Aug 2009
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gio5959 View Post
tro - ty for the newsreminder script - request of you, can you make an indicator that allows to enter prices manually - if not maybe i get into to your code and change it for what im looking for

the reason i ask is because i like to watch the s/r levels from pivotfarm.com

ciao

I do NOT code in Ninja.

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