Dax went mad just after cash open but gold was the real mover. My system did not work at all in gold as it did in DAX. I noticed gaps of 18 ticks in gold. It was not trade able as I look at it. But days like this happens once in a while and I have seen much more volatile days than today. Not so much to do about as long as the trading works in more normal days. Regards Outlander
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Gold is working fine for me to be honest, infact it is one of the most reliable contracts to trade simply because of the volatility in the market right now and generally. If someone gave me a 50000$ account and said "Here, do whatever you want" the potential rate of return would be quite insane.
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Trades were executed keeping a 500$ hard-stop per trade in mind on a 150K simulated account btw.
I am having problems executing nasdaq right now/today simply because of the massive move downwards, i had by my count about 40 good signals today out of which 31 would have been very profitable even if i only used a fixed takeprofit instead of using seperate exit criteria. Problem is i thought i saw something new today and got completely focused on that instead.
Quite a bummer really. Hopefully tommorow is going to be a little bit more calm but looking at the H1 chart it is quite.. insane.
well I have used around 40 to 50 in the past but decided that to "much" is better then to "little" so now using 69-68-67 settings. It trades less and don't trend change so often. The system is limit to max 2 trades per bar. I want it to trade as little as possible. You only need 1 good trade per day. I have been running it all day for testing it. But then going live I will limit the trading time to the first 3 hours after Dax Cash opens but it will manage any open trades after the stop time. It also have the option to let it start again after US day sessions starts and until Dax cash closes. It can also limit the number of long and short trades,the total trades and the net P/L. Regards Outlander
Looking at the chart right now on Dax, could you elaborate whether you are long or short on dax? (Im not quite used to using larger timeframes normally and especially with this. Perhaps a chart to show the demo trades and how you perceive it to move would "enhance the discussion" here.
I will share my thoughts aswell since i dont actively trade the dax anymore so im neutral in this regard
DAX has been in short mode since am 6:30 est. System flat at the moment but is trying for short but not hit the rolling sell stop yet. I will post chart later with the first trades it takes after US open. Regards Outlander