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Trading fast markets


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Trading fast markets

  #831 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,686 since Feb 2012
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xelaar View Post
...
I have had a conversation with Hoag yesterday. I will start my LTP ASAP, however I have requested to do so with Sierra Charts, and their rules stats I have to proceed with the platform I did Combine with, so it's pending approval.
In any case my plan is to start with gold using 5 lot position, and as I get close to or over the target profit to add crude trades. I need to trade all instruments I want to trade live and all have to have a positive average. But my primary focus is on gold.

I would be asking TST about this now that you've said this but here is my side:

Once I had taken a free trial of Sierra Chart.

I received my combine account information from TST which simply had login, firm and password. (I had specified that I wanted to do this using Sierra Chart).

However my trial was active so I entered the data connection as CTS T4 and was connected. I traded for a few days like this (Sierra Chart trial and connection T4).

However once my trial expired I had to go back to using T4. I had a profitable day using T4 and the next day I saw that the day was removed from the trade report.

While my illness prevented me from following up I wanted to know if this is allowed (opting for T4 and then trading via your own Sierra Chart account). Secondly, does a Sierra Chart combine contain a license for Sierra Chart?

And good luck with your wise tweakings to benefit your trading - your progress is heartening.

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  #832 (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, 2,565 received

DAX trading

Two trades today. Started late, so missed the best time to trade. First trade was sound, and price went only 1 tick past the stop. I took a second trade as setup has re-affirmed itself, and never seen pretty much any drawdown.

The only problem was that the second trade was late in a session and most volume has left. So it was not sensible to expect any big move. Still my original target 1 was just before R3 and second target was around 2nd deviation band.

It would have worked just fine. But I capped it expecting a possible fade of these ATH. Usually from noon till 3 pm it is better to look for a fade, rather than continuation. But today was a big up day, I would not fade.




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  #833 (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, 2,565 received

Crude today


Done with crude today too. The first trade was great, second was a redundant one.




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  #834 (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, 2,565 received



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  #835 (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, 2,565 received

Looking how trades progressed, I think I need to be more firm with target 2 and go for a bit longer runner.

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  #836 (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, 2,565 received


iqgod View Post
I would be asking TST about this now that you've said this but here is my side:

Once I had taken a free trial of Sierra Chart.

I received my combine account information from TST which simply had login, firm and password. (I had specified that I wanted to do this using Sierra Chart).

However my trial was active so I entered the data connection as CTS T4 and was connected. I traded for a few days like this (Sierra Chart trial and connection T4).

However once my trial expired I had to go back to using T4. I had a profitable day using T4 and the next day I saw that the day was removed from the trade report.

While my illness prevented me from following up I wanted to know if this is allowed (opting for T4 and then trading via your own Sierra Chart account). Secondly, does a Sierra Chart combine contain a license for Sierra Chart?

And good luck with your wise tweakings to benefit your trading - your progress is heartening.



My LTP in Sierra has been approved. I will sort out that 3 month trial with the support, but even if it flops I will buy a license for a month myself, it's only a 27 bucks a month and can be purchased on per month basis. This is good news.

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  #837 (permalink)
Greece
 
Experience: Advanced
Platform: Sierra Chart, TWS
Broker: IB
Trading: EURUSD
 
Posts: 6 since Apr 2010
Thanks: 0 given, 4 received

Sierra is IMO by far the best and most stable platform. Good luck with your LTP!

I also want to add that this rule by TST about being profitable on all traded instruments is simply ridiculous and needs to removed ASAP. This forces the trader to look for trades in the markets that he is negative, instead of looking for the best possible opportunities in all available markets. What does it matter where the profits come from, as long as they come?

This was one of the major reasons I blew my first combine and it made me request a custom one without this rule. Unfortunately, they only accepted that I am profitable in 50% of markets (and wanted more profits as well). Well, I have four days left, have reached the profit target already but I'm struggling to turn around one more market to be 50% positive. Ridiculous rule.

Good luck again.

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  #838 (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, 2,565 received

DAX trading

A break even day in DAX today. A second trade went again for 2.5 hours well into the lunch time, I took off smaller profits and again more was available. Maybe I just leave it as it is no matter what time is, at least before 3 PM.





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  #839 (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, 2,565 received

Crude today

I did not trade Crude in Ninja, I wanted to get more experience behind my belt in Sierra as I will do LTP in it, so what I did is not good for stats (I did many small trades) but two trades are good for putting into the Play Book. Both would work with 8 tick stop.





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  #840 (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, 2,565 received


I want to have this post in my journal. This is fantastic, both from Panda and Derrick.

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