Hi GFIs1,

I must confess, tht I am not familiar with your trading rules.

In DAX trading we are having a pre-XETRA time from 8:00 until 9:00 o'clock. The break out starts eihter at 9:00 or later in the time until 10:00. I am using 2 break out boxes for visualization: 8:00 until 9:00 and 9:00 until 10:00.

The start at 9:30 for a trade is in the middle of the first hour after XETRA-opening. I have heard from some strategies different times for trading "the direction of the day" between 9:05 and 10:00.

The question I have is: is the time 9:30 a good compromise between safety and an early entry? What is the main reason for you to decide in the past, to take this time as a FIX time for your strategy?

Thanks a lot!

Best regards,
Renkotrader

Quite a slip...

Watch for 13345 - soon

GFIs1

Watch out for margin calls. The intraday margin is removed during the day (at Interactive Brokers). Never saw this happening during the day. One Dax contract is now nearly 30k.

For example when you have 25k on your account. And you are in the market with 1 fdax. The normal intraday margin would be around 14k. Which leaves you with 11k of headroom.

In others years when the dax did 1% or more on a daily basis. The margins were adjusted on daily basis, but never during the day. If you go smooth every night, that is no problem.

If they change this during the day, you could have a margin call. Even if you are in a winning position, they will liquidate your position. Because the margin will go to 30k and that is above your 25k you have on your account.

I was surprised to see the margin removed during the day. Maybe others experienced this before but I never saw that in the last 8 years.

I guess you are in the wrong contract. FDAX rolled to June (March contract expires in some hours!!)

This week had 2 trades

both positive +66 +11 points
Weekly result 77 points

Points since week 1: 488

GFIs1

Hi @GFIs1

What would you list as the factors to the success of your system?

Regards

Hi @Sazon

Thanks for asking: The core worth of the system is to omit any bad moments where one loses more than previous gains. By finding the "troubled waters" - here the DAX - one can find the TIME of sitting on hands (SOH). Very powerful!
So I found for my 1 trade per day that Tuesday and Thursday are not worth to trade: too little gains for the effort. Just as an example. Of course the rules for when to enter the trade (timing), direction and exiting time as well as the SL settings are important. Thus one needs to look back to 2 previous days, to upcoming numbers during the day, to the volume of the initial balance (here 9:00 to 9:30) and of course most important holidays, holidays holidays
For all situations a package of rules are written in my trading plan. Sometimes so tricky that a combination can not be programmed.

Then in my second system "Walzer" I took the high vola to trade when I am forced to not trade the 1 trade per day. Both systems are made for a special situation - here both are completing each other.
The Walzer is programmed and gives me a signal on my phone before a trade has to be started. Very handy. The rules for this easy system you can find in my GFIs1 high vola thread.

Hope this helps - Good trades!
GFIs1