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Trading fast markets


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Trading fast markets

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  #641 (permalink)
Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,251 since Sep 2011
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I'm really sorry to hear that Alex.

Perhaps it might be worth a thought to continue trading your live account by trading your proven strategy you used during your first combine (if the markets are liquid and volatile enough) and keep on developing and testing your new strategy in parallel without the restrictions of T4 platform.

Meanwhile, to speak for myself, I'm trading my live account and gave up completely on taking a combine with TST not only on T4 platform but on NT (which imo will never work with TST) as well.

Just my $0.02...

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  #642 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


Daytrader999 View Post
I'm really sorry to hear that Alex.

Perhaps it might be worth a thought to continue trading your live account by trading your proven strategy you used during your first combine (if the markets are liquid and volatile enough) and keep on developing and testing your new strategy in parallel without the restrictions of T4 platform.

Meanwhile, to speak for myself, I'm trading my live account and gave up completely on taking a combine with TST not only on T4 platform but on NT (which imo will never work with TST) as well.

Just my $0.02...

Thanks. I plan to keep on going and keep posting in here, blogging and sharing screenshots. I do believe my system is good, and I do believe my new system is good too. I had some good developments for DAX today, that would be a perfect market to scalp in the morning and be done!

I still have CTD course going for a long time, so I will keep up with TST developments but I don't have any intention to come back to combine with anything requiring dynamic order management. I might be better off completing CTD course and using a combine like an incubation test bed for the system development that I can take live to Forex markets.

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  #643 (permalink)
Brampton Canada
 
 
Posts: 4 since Jul 2012
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Sorry to hear that, Alex, but I thought the max loss/day was -3k?

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  #644 (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, 2,566 received

Its true, combine is active. I am just so frustrated at xomplications out of nothing I dont want to continue. It will be active for two months so I might use it later for nore position based trading method but I dont want to touch it at the moment.

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  #645 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

I probably have overreacted yesterday out of frustration. Sorry for that rant, guys.

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  #646 (permalink)
Yokohama South Korea
 
 
Posts: 116 since Nov 2012
Thanks: 99 given, 71 received


xelaar View Post
I probably have overreacted yesterday out of frustration. Sorry for that rant, guys.

well, you were brave/confident enough to try another combine, surely that counts for something.

I think you really need to work on your trade management. as far as I can tell, you've an amazing strategy, and you've great execution. but it seems that your trade management has really been your weakest point. it was poor trade management that cost you your live account with TST, I'm sure that you'd agree with me that sh*t does happen in trading so you should have accounted for it, and it was poor trade management that has caused you to breach combine parameters this time.

I'm also suffering from poor trade management, I haven't traded for a few weeks, because I have lost confidence in managing my trades properly. so I have been sitting on the sidelines thinking about what I should do next. so far I haven't figured out a solution.

your problem with the platforms partly contributes to your poor trade management. ninja is still unstable, T4 is too unwieldy for trading fast markets. what I don't understand is why haven't you tried Sierrachart? it works with CTS datafeed, it's very stable, you can trade from the chart, it has very nice customizable dom, you can even trade from your keyboard with customizable shortcuts, I haven't seen you do automated trading, but if you do, they have it. so why don't you give it a try? TST even offers a 3 months sierra chart free trial to its combine traders.

anyway, I wish you all the best in trading, and that croatia seaside picture looking up that hill is just stunningly beautiful.

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  #647 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

Thanks, Sayonara.

I don't consider trade management being too sloppy, indeed, I have open questions for trailing the runner, but this is still work in progress. Other than that trade management is easy for momentum strategies.

The problem with T4 I have is order entry mostly. It just required too much actions in a very short span of time, and since there is no chart trading, it requires to glance at the chart than at the DOM, then back at the chart, and on and on. Then I found that tick data is inconsistent in T4 at range bar charts. So I had to use yet another platform to get my levels. As a result the setup is untradable.

No trade management killed combine. Combine is still alive and I could get it to roll over had I paid for it. It is a complimentary combine for ex live trader, so I am not sure if it can be rolled over. Nor that I want it. Yesterday I started simply shooting from the hip after I missed a bunch of great trades due to weird and slow setup and being unable to place order fast. T4 cannot even let place market order with buy sell button and have AOCO attached to it.

Sierra charts is a good option, I thought a little about it. I did not need it for my original system and setup as T4 was satisfactory. For me to complete the first combine was something symbolic, a proof, now it is just hard to justify why I need it. As for live account with TST, honestly, their restrictions outweigh benefits. I can fund myself to the same extent.

And no, trade management did not cost me a live account. Hitting summer dolldrums and as a result being succeptible to style drift was. But even it did not cost me, I haven't hit any drawdowns. I hit some absolutely arbitrary rule that kicked me out. Funny enough, I discussed my new system and risks involved with Hoag few days prior to that and he approved it. Did not mention that I could get hit by this rule. That is of course should be my own concern and I missed it. All said, it would not mean anything special would I be trading my own money.

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  #648 (permalink)
Vendor
 
 
Posts: 929 since Oct 2012
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The system works well and has been tested. Keep it going. Don't give up on combine. Practice on the DOM some more with chart beside it, I'm sure you can figure it out.

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  #649 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

I think I became too focused on Gold, while drifting further and further away from my original trade ideas that get me to gold. I never considered gold for any "normal" trading style, but after spending so much time with gold I naturally come back again and again to it. Even T4 troubles would be much less apparent with slower instrument.

I am very interested in DAX now, but I will be looking for CL and ES for US session too. I will stop any time waste on gold, and would only consider trading it with my original ideas: stop run (which suffers from slippage so only very key levels then) and huge candle momentum trading. Any attempt to trade gold with small stop relying on orderly market character is a no go for gold, it's too sloppy and ticks are almost random during active phases.

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  #650 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


Best trade locations for my new systems also tend to be around Day High or Day Low, trading both ways, with strong momentum that keeps pushing HOD/LOD, and then exhaustion and price flight back to value. Basically there is no high probability trading in fat part of the profile. Only chop.

I will review this week worth or trading over the weekend and will come back strong with an updated plan. I will start implementing it next week with the aim to get ready for limit live trial in 2-3 weeks time.

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