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Trading fast markets

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  #631 (permalink)
London/UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus/Rithmic
Trading: ES, 6E, FESX
 
Posts: 105 since Jun 2012
Thanks: 78 given, 166 received

Hi xelaar

How are you planning to exit your position in halves using T4?

Best of luck with your Combine!

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  #632 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
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isla View Post
Hi xelaar

How are you planning to exit your position in halves using T4?

Best of luck with your Combine!

That's a problem! I have considered instead of having partial exits to just have full exit in the middle, in theory it will be just the same, but it will generate longer stretches of losers. So the only way to do this fast, and I need to do this fast, is to have 2 DOMs side by side, with the same instruments, set each to half position size and same stop size for AOCO, but one to first target limit and another to second target limit. Each will set different limits for it's part of position. Not the most elegant but faster than just clicking twice and then manually changing limit distance for the second half, which I have also considered.

I have used 6 ticks first target in my initial testing and will likely revert to that from 8 ticks I wrote in the plan. Second target is less important, it is a runner and not so often it can hit target precisely, more likely to use limit to work around price action. 15-16 ticks is just not so far away in the DOM to work with and move around as if I would use something like 30.


Anyway, first day is behind me. I had several opportunities, missed the first one as hesitated to put the trade on, it would be a good both targets hit trade. Took the second one but only 1 car closed at 8 ticks, had to move the rest of it (2 cars) to 6 ticks and finally got 1 tick on second half (another 3 cars). For this trade I used setup with just one DOM and manually changing limits, so it was slow and it was the reason I used 6 cars, as I had 3 cars per trade set and did not have time to change it to 2 for a second half. Then market slowed and after a while I went away and missed two grand trades. Then it died for good. Anyway today is a slow day, and it is good to start with a plus, even if it is a small one.







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  #633 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


Here is the new report page


and there are few picture from my last adventure



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  #634 (permalink)
cologne, europe
 
Experience: Intermediate
Platform: ninjatrader, t4-trader
Broker: ninjatrader/cqg
Trading: fairly traded ones
 
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Posts: 230 since Mar 2011
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Nice pictures, where did you charter that boat?

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  #635 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received


CFuture View Post
Nice pictures, where did you charter that boat?

Thanks, that's Croatia.

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  #636 (permalink)
cologne, europe
 
Experience: Intermediate
Platform: ninjatrader, t4-trader
Broker: ninjatrader/cqg
Trading: fairly traded ones
 
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Posts: 230 since Mar 2011
Thanks: 338 given, 194 received

I wish you further success.

A piece of thought on the instrument you have chosen.
There is not only manipulation in the retail forex or professional markets by big size scalpers flipping prices around. Gold is manipulated by the FED-banks (backed by CFTC) to fake lower inflation rates for massive political reasons.

CFTC Probe Gold Plunge, ?No Visible Central Bank Activity? Say Blackrock | Zero Hedge

Appeareantly they are selling in times when there is low volume trading.

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  #637 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
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CFuture View Post
I wish you further success.

A piece of thought on the instrument you have chosen.
There is not only manipulation in the retail forex or professional markets by big size scalpers flipping prices around. Gold is manipulated by the FED-banks (backed by CFTC) to fake lower inflation rates for massive political reasons.

CFTC Probe Gold Plunge, ?No Visible Central Bank Activity? Say Blackrock | Zero Hedge

Appeareantly they are selling in times when there is low volume trading.

Absolutely, gold is highly manipulated. This is why I believe nothing can be more fruitless than trying to predict gold's direction. I believe the only way to trade gold is to trade short term momentum and different order flow phenomenons such as stop run, backfilling, etc.

I won't be trading for my combine today due to FED day. I am demo trading DAX and Crude today. Clearly for DAX this exact entry type is not optimal, I need to find a way to get fast on these moves. For Crude, however, it looks like it is working even better than for Gold.

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  #638 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
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Some decent trading on demo today. S5 gave me more time to test their platform till the end of the month. All good but their demo CL feed is horrible, half ladder disappear all the time and some stop loss get slipped 50-100 ticks regularly. No way to keep accurate stats. Otherwise good.



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  #639 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

Well I pretty much blew combine today with being down like -2000. Almost deliberately after feeling crippled having CTS lose data feed 2 times during the day (OEC was fine) and as a result having inconsistent data which screws up all indicators. Besides, the platform draws tick range bars differently to OEC or Ninja, and as a result all price-based indicators for these charts are misplaced. I attempted to use charts from OEC and only trade from DOM in T4 but at the end lost any feeling for what is going on. Same crippled feeling as trading live with T4 for TST, as they don't give any live charts with it, only DOMs, so you have to trade with either demo charts and live DOMs or use 3rd party charts. Weird at least, saves few bucks a month perhaps.

Any way, there were good trades along the way but I wasn't able to catch any of them in T4, all missed by 1-2 ticks, simply because it took to much time to look at OEC charts, notice the price points and then look on DOM in T4 and try to move order there. Never had this problem with any other platform, because I used screen trading instead. If you scalp DOM without looking at chart or trade from positions not relative to current market price, then it is not a problem. Wasn't a problem with my old trading style but again I developed it specifically for Combine and for T4. Now I just have a common sense system and tested it with OEC. And I have a problem.

I don't even want to start about having ridiculous setup with 2 DOMs each set for half position size to manage 2 different targets. And having to click in both DOMs to enter the order. And having no real trailing/break even. OMG.

I feel infuriated and frustrated, because I know I have a good system but cannot trade it with crippled toolset given. I would love to do another Combine and bang results on the wall, but hey, is it good enough reason to spend a lot of time and effort again to develop a combine- and t4-friendly approach? Or just trade for the money, not paper badges?

I killed (almost) this combine as I felt so bad with the setup I just did not want to do that again. I still might consider trading with T4 and doing a Combine with another style that does not require such a dynamics in position management, perhaps based on systems taught at CTD, but really I don't see value to try to bend my momentum systems to suit incapable toolset provided by TST.

If it all sounds confused, well, this is because it is.

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  #640 (permalink)
Vendor
 
 
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xelaar View Post
Well I pretty much blew combine today with being down like -2000.

Really sorry to hear about your combine and all the trouble you are having with getting charts to work with the DOM. I hope you hang in there, try another one, or trade forex with your system. You have developed a great skill set and are capable of making money. Keep it going.

Julie

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