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Just a quick question on your trading plan. What is the criteria you are using to know when to move from phase 1 to phase 2, and likewise phase 2 to phase 3 ?
I only ask this because that 10 days is not much time to work with, and starting out at 2 contracts your going to have to ramp up the position size pretty quickly before you run out of time.
I will move from phase 1 to phase 2 once I have a +$1,000 balance ($51k). Then from phase 2 to phase 3 once I have a +$2,500 balance ($52,500).
I "could" start trading phase 2 on my 5th trade. This "could" be as soon as day 1-3 .. all depends on how many set ups I see happen. As long as I can hit 2-3 winners a day, the averages should get me through the combine.
My thoughts are to get started and create a little pillow before adding some extra size. This should also help me stay on the green side of opening balance, for at least a rollover. Also, starting with 2 cars I could technically take 3 days of (3) close to full max stop losers in a row and still not blow out. (It is rare with this pattern/set up to have to use the full 25 tick stop .. it is usually around 15 ticks). Btw, I stop for the day if I get 3 strikes in a row.
Hope that answers your questions on that . and maybe then some
So I attempted to start this darn combine today .. but ran into some technical issues. I will try to explain them here in hopes that it will help anybody else starting a TST combine that is using Ninja as a platform. It seemed like the folks over at Top Step had not seen this happen yet, so they were not able to really help except to suggest trying Ninja support.
Here is what happened:
I tried to get short with 2 as I saw my set up and pattern forming, but when trying to set my entry I got this error message saying I had insufficient TT credits to complete the trade. (see pics #1 and 2)
This was quite the bummer as this was my first trade of this new combine and it would have been a winner. (see pic #3)
So I sent Ninja an email and got the following response to my question of "But why would I get charged a TT fee when the combine is still in reality a SIM trade? Not to mention I was using the Chart Trader and not the Static Super DOM?" (see Pics #4 and 5)
While I was waiting for Ninja to respond to my question, I had a friend tell me that he has seen this before and gave me this link Enable/Disable Static SuperDOM Request that gives us an option to Disable the Static Super DOM. So I am still waiting to hear back from Ninja on this enabling/disabling feature and will update this post once I get it all sorted out.
I should be back up and running for tomorrow
ok so update on Ninja and Static Super DOM stuff:
According to Ninja .. and my interpretation of what they were telling me is that the Static Super DOM looks at every trade as if it were a rel transaction ... regardles of SIM or LIVE . and this is why TT credits would be required to trade with Vision Financial (the Top Step Data/Broker)
The two ways to deal with this is to 1) buy credits to trade with the Static Super DOM or 2) disable the Static Super DOM and just use the chart trader or dynamic DOM options. The only thing really missing with this option is we would no longer be able to utilize the market depth feature that is seen on the Static Super DOM. For me this is not a big deal as I do not really look at that info.
As usual, the folks at Ninja Trader were great and very helpful in helping sort through this!
I think what is happening is NinjaTrader is only going to recognize an order going to the Ninja Sim101 account as a Sim trade, so from NinjaTrader's perspective your trade looks like it is going to a live trade account at TST. On the TST server side, your order is then routed to your combine account, which from TST's perspective is a Sim account, but NinjaTrader is unaware of this distinction being made by TST and thus applies the TT credit policy to the TST order being sent.
I would suggest, unless you absolutely need the Static DOM, to disable TT credit policy for your license. Then you can place and manage trades without having to think about TT Credits. By doing this, you will lose the Static DOM capability, other than the Static DOM being disabled the rest of NinjaTrader will function normally.
Since I'm currently in a Combine as well but didn't take a trade yet, this information has been very helpful in order to avoid such an irritating situation while entering a trade.
So as a consequence, I'll ask NT support to disable my Static Super Dom as well.
Thanks a lot for sharing your experiences !
And BTW, best of luck on your Combine, hope you'll make it !
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Since I can only find the website for purchasing TT credits, do you mind providing the link for disabling the Static Super DOM, or would it be necessary to contact NT support ?
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Edit: My license has just been converted by NT support, great service...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
