FlexRenko in day trading - futures io
futures io futures trading



FlexRenko in day trading


Discussion in Trading Journals

Updated by inverter
      Top Posters
    1. looks_one Outlander with 379 posts (119 thanks)
    2. looks_two inverter with 83 posts (29 thanks)
    3. looks_3 Amnesia with 35 posts (39 thanks)
    4. looks_4 lemons with 28 posts (7 thanks)
      Best Posters
    1. looks_one MWinfrey with 2.6 thanks per post
    2. looks_two cory with 1.7 thanks per post
    3. looks_3 Amnesia with 1.1 thanks per post
    4. looks_4 Outlander with 0.3 thanks per post
    1. trending_up 82,117 views
    2. thumb_up 300 thanks given
    3. group 48 followers
    1. forum 661 replies
    2. attach_file 420 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)

 
Search this Thread
 

FlexRenko in day trading

(login for full post details)
  #161 (permalink)
Vienna Austria
 
 
Posts: 116 since Mar 2012
Thanks: 16 given, 67 received


omni72 View Post
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:



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.

Are you using the retrace stratetgy or the breakout (buystop sellstop) strategy with those settings?


@Hapster

Did you take the system live yet or are you still in the process of finalizing/tweaking the settings?

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

Can you help answer these questions
from other members on futures io?
Ninjatrader 8, NT8, autotrading strategy stability
NinjaTrader
Macros for flatten and reverse
TradeStation
I have segregated my investment and trading
Psychology and Money Management
Degiro Negative Balance Advice
Traders Hideout
QDEL
Stocks and ETFs
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
49 thanks
Price Action Kewltech Style
19 thanks
Coronavirus COVID-19
19 thanks
Emini 4 Tick Scalp still valid?
12 thanks
Is back testing a waste of time?
12 thanks
 
(login for full post details)
  #162 (permalink)
Tulsa, OK
 
Experience: Beginner
Platform: Jigsaw, Ninja Trader, Sierra Chart
Broker: Ninjatrader/Rithmic
Trading: G&L Tribute Series Rampage
 
omni72's Avatar
 
Posts: 348 since Jan 2012
Thanks: 582 given, 618 received


Amnesia View Post
Are you using the retrace stratetgy or the breakout (buystop sellstop) strategy with those settings?

This iteration was retraces/pullbacks only.

Luck is what happens when preparation meets opportunity. ~ Seneca
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #163 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
Outlander's Avatar
 
Posts: 396 since Jan 2013
Thanks: 559 given, 141 received


Thanks to all of your post on this thread. Would be best if we keept this Renko discussion on this thread. That was my intention from the start of the thread. Only glad if any of my post are off any use. I have been looking at numbers bars lately and if they are of any use with FlexRenko. If using setings like 30-29-28 and larger the pullback bars can be quite large without the trend changes. If using numbers bars and have the pullback column on might pin point the entry on the pullback. I have never used numbers bars in the past so any feedback in this matter would be nice. Regards Outlander

Reply With Quote
The following 2 users say Thank You to Outlander for this post:
 
(login for full post details)
  #164 (permalink)
Vienna Austria
 
 
Posts: 116 since Mar 2012
Thanks: 16 given, 67 received



Testing the gold strategy on a free 2 week topsteptrader account today so it seems to be working rather nicely, a lot of 20-40 second trades and a couple of trades that were held for much longer.

Interessting results, 12K profit on a 150K simulated trading account for basically 2-3 hours of work. I am really happy with how Gold is turning out at the moment.

6E is simply a fucking disaster at times, the smaller timeframes will fuck you over on buy/sell stop entries because of the excessive risk of a reversal signal bar literally popping up 3-4 candles later. As for the buyback(retrace) entries.. they are fine sometimes but still a high risk and running some simple spreadsheet calculations you will end up being highly unfavourably.
So as it stands right now anything but the higher tickrange charts on 6e seem not to be doable, simply because of the lack of volatility. I am reverting back to my method of entries and exits for scalping the 6e for now since its much more accurate, i am keeping a 30-29-28 chart open for now in case i catch a trend and to keep me inside the move.

I am liking the results i am getting on the Equity derivatives though (especially Russel). Have not tested other commodities other than GC for now because of the implied volatility.

Going live Tommorow @ US session once i have a buffer in the morning.
@Hapster

Have you taken it live yet?

Reply With Quote
The following 3 users say Thank You to Amnesia for this post:
 
(login for full post details)
  #165 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,057 since Jun 2009
Thanks: 31,658 given, 95,058 received


Amnesia View Post
Interessting results, 12K profit on a 150K simulated trading account for basically 2-3 hours of work. I am really happy with how Gold is turning out at the moment.

Amount of profit is not the best way to measure.

Post your MAE and MFE per trade and examine risk compared to return. If your profit is consistently above 1R per trade and your position sizing is such that no single trade exceeds roughly 2% of your funds, you are doing well.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #166 (permalink)
Vienna Austria
 
 
Posts: 116 since Mar 2012
Thanks: 16 given, 67 received


Big Mike View Post
Amount of profit is not the best way to measure.

Post your MAE and MFE per trade and examine risk compared to return. If your profit is consistently above 1R per trade and your position sizing is such that no single trade exceeds roughly 2% of your funds, you are doing well.

Mike


@Big Mike

There is obviously no disagreement about this on my behalf, the other screenshots i have posted have the sierraversion of Entry Efficiency and Exit Efficiency on them. I would post the information but the platform topstep provides does not really hand out that information.

As for the 1R and the % size of account. for this account the risk per trade was below 0.5% per trade with 6 exceptions. The trades did not necessarily have a 1R on them, most of the time it was well above that but in my live system i sometimes dont get to 1R simply because if you are scalping for 3-4 ticks profit and your stop is about 3-6 ticks you have to compensate with a very high accuracy rate, which for me is about 80-90% depending on the instrument and varies on a month to month basis.

I would agree with you though that for a system that i want to automate these things need to be "in order" or "in place" before you can deploy it efficiently, but right now i am still working on these details.

Reply With Quote
 
(login for full post details)
  #167 (permalink)
San Diego, California
 
Experience: Intermediate
Platform: NinjaTrader, Felton
Trading: CL, GC
 
Hapster's Avatar
 
Posts: 141 since Aug 2009
Thanks: 40 given, 81 received

Not quite yet, but close...

Hap

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #168 (permalink)
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
lemons's Avatar
 
Posts: 936 since Nov 2010
Thanks: 1,823 given, 2,248 received


Amnesia View Post
Attachment 108977

Testing the gold strategy on a free 2 week topsteptrader account today so it seems to be working rather nicely, a lot of 20-40 second trades and a couple of trades that were held for much longer.

Interessting results, 12K profit on a 150K simulated trading account for basically 2-3 hours of work. I am really happy with how Gold is turning out at the moment.

6E is simply a fucking disaster at times, the smaller timeframes will fuck you over on buy/sell stop entries because of the excessive risk of a reversal signal bar literally popping up 3-4 candles later. As for the buyback(retrace) entries.. they are fine sometimes but still a high risk and running some simple spreadsheet calculations you will end up being highly unfavourably.
So as it stands right now anything but the higher tickrange charts on 6e seem not to be doable, simply because of the lack of volatility. I am reverting back to my method of entries and exits for scalping the 6e for now since its much more accurate, i am keeping a 30-29-28 chart open for now in case i catch a trend and to keep me inside the move.

I am liking the results i am getting on the Equity derivatives though (especially Russel). Have not tested other commodities other than GC for now because of the implied volatility.

Going live Tommorow @ US session once i have a buffer in the morning.
@Hapster

Have you taken it live yet?

@Amnesia

As I undestand that its only 1 days results ? 16 april ?

Reply With Quote
 
(login for full post details)
  #169 (permalink)
Vienna Austria
 
 
Posts: 116 since Mar 2012
Thanks: 16 given, 67 received

Correct lemons.

Reply With Quote
 
(login for full post details)
  #170 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
Outlander's Avatar
 
Posts: 396 since Jan 2013
Thanks: 559 given, 141 received


Shows the right time twice a day. DAX so far worked ok. As most of the time the shorts doing better than the long trades. Entry are on pullbacks but not with a fixed stop entry 4 ticks from H/L. It uses a rolling entry and the larger the pullback the closer from H/L the entry stops gets. Regards Outlander

Attached Thumbnails
Click image for larger version

Name:	DAX.PNG
Views:	97
Size:	81.4 KB
ID:	109048  
Reply With Quote
The following user says Thank You to Outlander for this post:


futures io Trading Community Trading Journals > FlexRenko in day trading


January 17, 2020


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



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