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Beth's Journey to Make Her Millions
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Beth's Journey to Make Her Millions

  #1541 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


monpere View Post
How are you getting the numbers? by hand? Sounds time consuming . Do you mark up the trades while you are gathering the stats? Can we see a page or two of the charts for the sample period with the marked up trades?

Hi Monpere

It's all manual, ie going through the chart according to the predetermined trading hours (8:30 am to 11:30 am EST) and captured the entry/exit details on an Excel (sample per enclosed). I did not mark up the charts .. sorry ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-excel-tabulation.jpg  
 
  #1542 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
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tellytub View Post
Beth, the stats look AMAZING!! are they based on the eminiSniper rules?

Hi Tellytub

I am conservative and only tabulated/consider the divergence signals that're not between MAs (which stand for Support/Resistance for me). Per enclosed, I only tabulated the first Short @1.3362. The second Short @1.3360 was too close to the magenta MA. I did not consider the third Short @1.3331 because both Ergodic slopes were heading up.

Based on my stats compilation, Ergodic has been aligning with most divergence signals. I'd say about 5 not aligned and might have saved some losing pips.


Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-6e-signals.jpg  
 
  #1543 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Post-Stats Tabulation Thought


It's comforting that SL hit rate was around 15%. I will not blow my account even missing out a few green trades. I will likely go with 6E only as a start because

1. Its price movement has been slower than CL and more manageable
2. It often provides an early exit opportunity
3. Its historical win% is more impressive

Does its personality meet my trading style/preference?

Now that I have a better understanding on its signal frequency and accept it, I will adapt myself to become a more patient trader. I will also commit myself to be available to the market at the predetermined trading hours (8:30 am to 11:30 am EST). Will observe the same SOH rules, ie 5-10 minutes before/after US market open and at least 5 minutes before/after high priority news. It's very likely that some good signals will be missed in real life (though they're captured on my stats). It won't change the SL picture for me until the market proves otherwise in the future.

Thanks everyone for guiding me through the analysis stage. I'm very close now to train myself mentally to become a mechanical trader.

Enjoy a Wonderful weekend.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1544 (permalink)
Elite Member
Missouri
 
Futures Experience: Intermediate
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Thanks: 169 given, 33 received

Very nice Beth! What's the win/loss column on your spreadsheet?

 
  #1545 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


SeeTrader View Post
Very nice Beth! What's the win/loss column on your spreadsheet?

Hi SeeTrader

Win/Loss = Short - Target or Target - Long (how far it moved in favor of the trade)

You may want to know how I defined Target. Target was the first pause before it continued moving in favor or against the trade.

Hope the above clarifies your question.

beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #1546 (permalink)
Elite Member
Missouri
 
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wgreenie View Post
Hi SeeTrader

Win/Loss = Short - Target or Target - Long (how far it moved in favor of the trade)

You may want to know how I defined Target. Target was the first pause before it continued moving in favor or against the trade.

Hope the above clarifies your question.

beth

Yes, thank you.

 
  #1547 (permalink)
Elite Member
España
 
Futures Experience: None
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redegenerated's Avatar
 
Posts: 131 since Jun 2010
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but why kepping on with CL? shouldn't be easier to start with a lower tick instrument or may be 6E.....i would suggest to have a look to 6B or E7..may be NQ...or TF wich is used by otehr guys around here(not me)and so on.....
in my opinion CL is not the best, according to your recent difficulties....later one, with more confident, you can move to more difficult instruments or increase size...don't think only in dayly gain now....
this is just my idea

p.s. i would also suggest to just study one instrument also

The following user says Thank You to redegenerated for this post:
 
  #1548 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


redegenerated View Post
but why kepping on with CL? shouldn't be easier to start with a lower tick instrument or may be 6E.....i would suggest to have a look to 6B or E7..may be NQ...or TF wich is used by otehr guys around here(not me)and so on.....
in my opinion CL is not the best, according to your recent difficulties....later one, with more confident, you can move to more difficult instruments or increase size...don't think only in dayly gain now....
this is just my idea

p.s. i would also suggest to just study one instrument also

Yes Redegenerated I agree with you 1,000,000,...%! Thank you. I will start with 6E .. still 1-contract trades for the first 2-3 weeks at least. The stats may help me decide a sensible strategy when I start doing 2-contract trades.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following user says Thank You to wgreenie for this post:
 
  #1549 (permalink)
Elite Member
Bala, PA, USA
 
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monpere's Avatar
 
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wgreenie View Post
Yes Redegenerated I agree with you 1,000,000,...%! Thank you. I will start with 6E .. still 1-contract trades for the first 2-3 weeks at least. The stats may help me decide a sensible strategy when I start doing 2-contract trades.

Beth

I can't remember which instrument you generated the stats from, but you should not use the stats from one instrument to trade another, like CL and 6E. You should work with numbers for the target instrument. If you want to trade 6E, you should generate stats for it.

 
  #1550 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received



monpere View Post
I can't remember which instrument you generated the stats from, but you should not use the stats from one instrument to trade another, like CL and 6E. You should work with numbers for the target instrument. If you want to trade 6E, you should generate stats for it.

No worries Monpere. I won't mix "apple" with "orange" even they're both fruits .. smile ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!

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