FlexRenko in day trading - Trading Journals | futures.io
futures.io futures trading


FlexRenko in day trading
Started: by Outlander Views / Replies:50,130 / 644
Last Reply: Attachments:418

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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, and we will never resell your private information.

-- Big Mike

Reply
 418  
 
Thread Tools Search this Thread
 

FlexRenko in day trading

  #151 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
Outlander's Avatar
 
Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

EC


Quoting 
@Outlander :

Nice results, i see we are getting similar results, with your holding strategy being clearly superior because of the larger gains on the profitable trades. Are you using the 40 tick settings on the 6E future here?

30-29-28 regards Outlander

As this is a test I think it is better to use a large target. So you can look at the numbers and decide later how much that you think you can go for in real trading


Last edited by Outlander; April 9th, 2013 at 01:17 PM. Reason: Forgot
Reply With Quote
The following user says Thank You to Outlander for this post:
 
  #152 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
Outlander's Avatar
 
Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

GC

GC after US open. 50-49-48 Regards Outlander

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

Reply With Quote
The following user says Thank You to Outlander for this post:
 
  #153 (permalink)
Elite Member
reston, va
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,101 since Jun 2009
Thanks: 614 given, 6,115 received


superman trajectory

Attached Thumbnails
FlexRenko in day trading-ym-06-13-1-unirenko-t1r16o1-4_10_2013.jpg  
Reply With Quote
The following 3 users say Thank You to cory for this post:
 
  #154 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: NinjaTrader, Felton
Favorite Futures: CL, GC
 
Hapster's Avatar
 
Posts: 140 since Aug 2009
Thanks: 38 given, 81 received

CL with some even better action... a week of green days with this method in CL, GC, Yen... trading both directions, reversing, and covering partials with runners on board each way... almost ready 2 go live..... this shouldn't be traded ALL day, though, in my opinion..... have been logging best times for each market, as each one is different.

H

Attached Thumbnails
FlexRenko in day trading-clrenkowaves.png  
Reply With Quote
The following 2 users say Thank You to Hapster for this post:
 
  #155 (permalink)
Elite Member
london uk
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 117 received

Futures Edge on FIO

Hapster View Post
CL with some even better action... a week of green days with this method in CL, GC, Yen... trading both directions, reversing, and covering partials with runners on board each way... almost ready 2 go live..... this shouldn't be traded ALL day, though, in my opinion..... have been logging best times for each market, as each one is different.

H

Hapster, what are your entry rules? Its it bit hard to see with all the lines. Thanks

Reply With Quote
The following user says Thank You to tellytub for this post:
 
  #156 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: NinjaTrader, Felton
Favorite Futures: CL, GC
 
Hapster's Avatar
 
Posts: 140 since Aug 2009
Thanks: 38 given, 81 received


tellytub View Post
Hapster, what are your entry rules? Its it bit hard to see with all the lines. Thanks

I have on either two or three.. if three, then I cover two at +8 if available. If two, then I cover one at +8 if available. So to open the trade, I place a buy stop at the opposite end of the current direction. The "renko" bars are 8 ticks wide (9 for GC) so the length top to bottom is 16 ticks (my initial stop when entering either direction). As stated above, one or two is covered for +8 and a reversal order is placed at the opposite end to catch a trend change. So as soon as the first order is filled for however many are on, then the "reversal" order is placed at the same spot for the same amount of contracts to catch a trend reversal.

I.E., if two are on, then as soon as the initial trade is filled, then an opposite stop entry order is placed for four contracts at the opposite end. If the scale-out order is filled, then that becomes three contracts and the reversal entry price is trailed at +/- 16 ticks on the opposite end. I have other indicators that help me determine if a good trend is established so it's discretionary that way -- i.e., I'll hold off placing a trend-change order and ride the trend, depending, but for the most part, it's been profitable for the last week just "riding all the waves."

Hope this explains the entry criteria

H

Reply With Quote
The following 3 users say Thank You to Hapster for this post:
 
  #157 (permalink)
Trading for Fun
Vienna Austria
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: NQ, FGBL, 6E, GC
 
Posts: 117 since Mar 2012
Thanks: 16 given, 65 received

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

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


Well.. looks good to me, testing complete on my behalf, its decent results, filtered out the bad trading stuff as much as i could. 6E is still very dodgy in some aspects and is not as ideally suited as the Russel Future and NQ futures when it comes to providing multiple entry scalp opportunities within a span of 1 Hour.

I will recap some of those trades on the 6E today and make some minor adjustments, but i will be bringing this system live in a mechanical sense tommorow, if it pans out, automation is next.

Anyone getting good results for scalping on 6E applying this strategy?

Reply With Quote
The following 2 users say Thank You to Amnesia for this post:
 
  #158 (permalink)
Trading for Fun
Vienna Austria
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: NQ, FGBL, 6E, GC
 
Posts: 117 since Mar 2012
Thanks: 16 given, 65 received

Forgot to mention this:

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



Not bad for 20 Minutes of work, there are certain settings that work ridiculously well for GC scalping but the risk is so high and you are basically forced to use buy-stop and sell-stop entries and work with them fast, also right now the spread was ridiculously stupid but entertaining nonetheless.

Reply With Quote
The following user says Thank You to Amnesia for this post:
 
  #159 (permalink)
Elite Member
Tulsa, OK
 
Futures Experience: Beginner
Platform: Jigsaw, Ninja Trader, Sierra Chart
Broker/Data: Ninjatrader/Rithmic
Favorite Futures: G&L Tribute Series Rampage
 
omni72's Avatar
 
Posts: 348 since Jan 2012
Thanks: 576 given, 622 received

GC & 6E via FR FWIW LOL


Amnesia View Post
Well.. looks good to me, testing complete on my behalf, its decent results, filtered out the bad trading stuff as much as i could. 6E is still very dodgy in some aspects and is not as ideally suited as the Russel Future and NQ futures when it comes to providing multiple entry scalp opportunities within a span of 1 Hour.

I will recap some of those trades on the 6E today and make some minor adjustments, but i will be bringing this system live in a mechanical sense tommorow, if it pans out, automation is next.

Anyone getting good results for scalping on 6E applying this strategy?

Excellent input @Amnesia, thanks for sharing. Looking forward to your updated findings.

Though I'm sure we are using different techniques & settings, I've also found similar raw results: GC looks like a prime market and 6E can be a challenge.

I'm using 30-29-28 settings for 6E and here is a quick test run for today:

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


Since I'm still early into testing, trade management settings are quite loose. The trades highlighted in yellow are trades that would not have been allowed to double-back on themselves if traded live. The last trade probably wouldn't have been taken because of time of day.

Also, thank you @Outlander for letting us piggyback some idea sharing onto your thread If it's too distracting, just let us know and we can start a separate thread.

Luck is what happens when preparation meets opportunity. ~ Seneca
Reply With Quote
The following user says Thank You to omni72 for this post:
 
  #160 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: NinjaTrader, Felton
Favorite Futures: CL, GC
 
Hapster's Avatar
 
Posts: 140 since Aug 2009
Thanks: 38 given, 81 received


Yeah, let's just say GC is higher risk with this method. That said, I've had 7 out of the last 7 trading days profitable trading TWO contracts, covering the 1 at 8 ticks profit and reversing... and NOT trading all day; but just trading an hour or so. Today and Friday were incredibly risky trading this method, but profitable nonetheless...using other indicators for trend determination increases the profit potential by NOT reversing at certain locations but instead trailing the profit on the remaining contract(s).

Hap

Reply With Quote
The following user says Thank You to Hapster for this post:

Reply



futures.io > > > FlexRenko in day trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17
 

An Afternoon with FIO member Massive l

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day Trading Options ESFXtrader Options on Futures 72 December 21st, 2014 07:28 PM
FlexRenko aslan Sierra Chart 13 June 23rd, 2014 10:45 PM
Why not day trading? rsksmiles Traders Hideout 12 August 13th, 2012 02:07 AM
TF day trading bluemele Trading Journals 1324 July 12th, 2012 06:59 AM
Trading competition- 7% a day? lokgotkent Traders Hideout 5 October 18th, 2010 10:21 PM


All times are GMT -4. The time now is 05:04 AM.

no new posts
Page generated 2017-01-17 in 0.14 seconds with 20 queries on phoenix via your IP 54.147.247.194