Another TST Combine - futures io
futures io futures trading



Another TST Combine


Discussion in Trading Journals

Updated by AutoTrader
      Top Posters
    1. looks_one garyboy275 with 42 posts (130 thanks)
    2. looks_two xelaar with 12 posts (18 thanks)
    3. looks_3 BeansTwoNiner with 8 posts (10 thanks)
    4. looks_4 Big Mike with 6 posts (17 thanks)
      Best Posters
    1. looks_one josh with 6.5 thanks per post
    2. looks_two garyboy275 with 3.1 thanks per post
    3. looks_3 Big Mike with 2.8 thanks per post
    4. looks_4 xelaar with 1.5 thanks per post
    1. trending_up 12,550 views
    2. thumb_up 226 thanks given
    3. group 21 followers
    1. forum 92 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Another TST Combine

(login for full post details)
  #11 (permalink)
thabazimbi limpopo/south africa
 
 
Posts: 27 since Oct 2012
Thanks: 65 given, 88 received

Good day,

The 17 in the little window stands for -$170, you will notice it goes into the red when you hit -$500/50 and you will be busted out if you have 100

Hope that helps,
Ian

Reply With Quote
The following 3 users say Thank You to iankotze for this post:

Can you help answer these questions
from other members on futures io?
Freezing and best performance
TradeStation
Can anyone help convert this pine script to c# or vb?
MultiCharts
Can anyone give me 2 months of "EPU20" tick data? (MC format)
MultiCharts
MulitCharts: Limit Order converted to MIT
Platforms and Indicators
Want to learn about Superdrive Indicator
Traders Hideout
 
 
(login for full post details)
  #12 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received


iankotze View Post
Good day,

The 17 in the little window stands for -$170, you will notice it goes into the red when you hit -$500/50 and you will be busted out if you have 100

Hope that helps,
Ian

Thats it-had to take a trade to find out myself LOL. It doesnt take into account commissions though. So got to watch for those yourself

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to garyboy275 for this post:
 
(login for full post details)
  #13 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,457 received



garyboy275 View Post
Thanks that was very helpful. Can you take a look and tell me if you know what this warning loss limit is ? Cant make any sense of it at all

The number is a percentage, from 0 to 100, telling you how far you are from your daily loss limit. A "17" means that for a $500 daily loss limit, you are currently at -$85, for example.

Reply With Quote
The following 4 users say Thank You to josh for this post:
 
(login for full post details)
  #14 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received



Piss poor execution on my part. Not good focus. Took two bad trades first thing in morning -lost one then upped to 2 lots and lost again and then I checked myself into rehab before I destroyed the day and then a small gain and another and then another loss. Only good thing was I didnt let go of myself totally. I generally have this tendency coming off good days like FT71 says you become more risk seeking. Kept the monkey in check. Took a beautiful long at 92.44 with a .10 stop and wouldnt you know it stopped by the low of freaking day. This was the point where I just wanted to give up for the day. Down almost $350 and as you know I didnt want to go over $500 since thats how much I can reasonably hit on a daily basis. I was still doing 1 lots at this time. See my logic behind doing only 1 lots-had I been doing 2 lots much more trouble trading near the DLL.

My take from today has been that every setup I took was a winner except one for a .10 loss right before it took off lost only $70 on this one. My problem today was taking mediocre setups and then getting out for 3-5 tics. I had 4 really good short that reversed into a stopout cause I moved my stop after they went 7 or 8 tics my way. Had I been quick on trigger to lock em in it wouldve been an up day for me.

I posted the link ^^ for the piss poor execution on my part--had I shorted and just held 1 lot i d have made about 20 tics but after all the reversals, I took the same short over and over again for 2-3 tics. Standing back and now looking at this is really painful. As of this writing it looks like a rollover is on the way too. Tough day to trade. From the lows of about $390 I went positive all the way and then negative again so deciding to call it quits here.

Not the way I wanted the day to go. This kind of day is the most useful day for a development as a trader in my opinion when so much can go wrong.

You dont get what you wish for, you get what you work for.





Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to garyboy275 for this post:
 
(login for full post details)
  #15 (permalink)
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
Trading: NQ/ES/NG
 
pilotui's Avatar
 
Posts: 120 since Apr 2012
Thanks: 118 given, 115 received

Gary did you figure out how to turn off the DOM scrolling feature?

Thanks!

Reply With Quote
The following user says Thank You to pilotui for this post:
 
(login for full post details)
  #16 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received


xelaar View Post
Actually you can fix the DOM, you can't scroll it with the wheel, but you can right click above or below center price and get it scrolled a screen up or down. It should be in autocenter mode. Smooth scrolling is not the one to use for trading. Just for observation. There is a lot of configurations and features there, take a time to learn them.

PS if you use buy/sell buttons they wont engage your OCO orders should you setup one. And TST will fail you if you don't use stops. You can use limits to enter at market with OCO.



^^^^ You can refer to this. I still use smooth scrolling and it cost me over $400 today just not fast enough to react and their requirement to use stops at all times. Normally in my personal account I would have hit cancel all and then decide what I want to do. More on this later.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to garyboy275 for this post:
 
(login for full post details)
  #17 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received




Nothing much to report other than max profit was about $250 at one time and then went negative and then positive again and I closed it for the day.

Just a couple of things on their requirements. I was in a trade with auto OCO orders and trade went in my favor with some momentum. In such a situation in my personal account I cancel all orders. Reevaluate my targets and put the orders back on. Took only about 30 seconds but I was already out of the trade by that time. Potential profit left on table about $1000(doubt I wouldve gotten all of it but at least $200-300 more wouldve been my guess) I have to now think of something to avoid this in future and I had 2 lots on for the trade too. It was the best gainer all day. I missed a couple of good moves after being distracted. Going forward focus is to watch and pay attention. Honestly didnt expect it to be this wild before tommorows #.

Edit: Couple of things to add-the losers took such a long time to either stop out or for me to close it out(did very well on closing all 3-all wouldve been stopped out) that the avg losing trade time was 7 mins and winners were fast (like above) that avg time was about 4mins. This is one of their requirements in scouting criteria given below. So far only thing in my favor is the win %. Makes me almost think that its not worthwhile to take 2-3 tic winners and rather have them as 1-2 tic losers. Although in your real account these 2-3 tic winners up real fast. But I guess they dont want you to have small winners and big losers. I wish there was a way to filter out all 1-3 tic trades.

Overall Average Win greater than Overall Average Loss
Overall Average Win Duration greater than Overall Average Loss Duration
Total Win percentage of 45 or greater

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to garyboy275 for this post:
 
(login for full post details)
  #18 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received

Bad day today. Traded morning like a pro and afternoon like a Joe. From up $220 I wanted to ramp up and started taking 2 lots and got hit on every trade and after 3 losses stopped trading. Unfortunately one of the trades was to "fix" the stats and on one I couldnt revise fast enough to scaleout-went from +200 to -200 on that trade. Had I been able to scale out might have felt different. On another moved stopped and got high ticked stop out(moving stops doesnt help does it ?) I need to have more discipline and be aggressive on setups. Really no excuse all my fault. Shouldve been more patient and disciplined

Will post the screen shot later.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to garyboy275 for this post:
 
(login for full post details)
  #19 (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

Maybe you should have put a detailed plan here, and adhere to it? Specifying precisely what setups you take, how much loss before bailing, etc.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #20 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received



xelaar View Post
Maybe you should have put a detailed plan here, and adhere to it? Specifying precisely what setups you take, how much loss before bailing, etc.

I trade off candlesticks, Volume profile and price levels. Hard to point to one setup. Stop is "generally" 10 tics and profit target is 20 tics. However I sometimes deviate from the plan esp with profit targets-when it doesnt do what I expect it to do. Then I bail for 3-4-5 tics. I like hard moves or at least where it moves away from my entry and stay away. Going forward I ve decided once it moves in my favor close to 10 tics(could be 8 or 9) i am going to move stop to breakeven. THis is how I trade my real account and how I would trade a live account if I get there. I am going to ignore the stats for now.

To me I would have better respect for myself as a trader if I traded like I should and like I know I am capable of , rather than some stats like holding time for winners etc. Some stats are useful such as avg winner vs avg loser but in my case and I am sure in case of many others like I ve addressed earlier, when its not working I d rather take the 3-4 tics profit and look for next trade rather than wait for it to stop me out. So when you have 3-4 winners that are small and one full stop out and a winner that goes the your way, the Avg loser is bigger than avg winner. Kinda pointless unless you can filter out the small wins from losses.

But today's fauz pas was all on me. It wasnt about stats or anything. I tried to get "smart" with a trade and it became a bigger than avg loss -30 tics. I have to be disciplined about these.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to garyboy275 for this post:


futures io Trading Community Trading Journals > Another TST Combine


April 17, 2015


Upcoming Webinars and Events
 

Create an automated bot in 15 minutes w/SharkIndicators

Oct 29
 

Bookmap

Oct TBD
 

Carley Garner

Oct TBD
 

GruttePier

Oct TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts