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FlexRenko in day trading
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FlexRenko in day trading

  #161 (permalink)
Trading for Fun
Vienna Austria
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: NQ, FGBL, 6E, GC
 
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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:

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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?

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  #162 (permalink)
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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
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  #163 (permalink)
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Vänersborg Sweden
 
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Numbers bars and Flex Renko


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

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  #164 (permalink)
Trading for Fun
Vienna Austria
 
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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?

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  #165 (permalink)
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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

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  #166 (permalink)
Trading for Fun
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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.

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  #167 (permalink)
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San Diego, California
 
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Not quite yet, but close...

Hap

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  #168 (permalink)
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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 ?

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  #169 (permalink)
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Correct lemons.

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  #170 (permalink)
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Vänersborg Sweden
 
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Broker/Data: Transact
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Even a broken watch ........


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

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