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Mergodon TopSteptrader Live Account Journaling
Started: by matevisky Views / Replies:57,474 / 446
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Mergodon TopSteptrader Live Account Journaling

  #41 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,542 received


Pedro40 View Post
Ok, thanks for the correction, I think I remembered wrong and it is not the DLL, but the max. loss what can be crossed as long as you don't close the trade. Of course that was a year or so ago, so they might have fixed it (it never made sense)...

Basicly here is how it worked:

You got close both to your DLL and max. loss let's say at half of your Combine. (Let's say -490 for the day and -1450 for the Combine) It is very hard to get away from there, thinking you can not go below it, basicly you need a trade that never goes against you. But if you know that you can actually go below the max. loss, you just had to stop for that day, and the next day you still had the DLL as your max. loss for the day, and you could take a trade that initially went against you, as long as it came back and you closed it above the max. loss. So everything wasn't lost and there was a chance that you can make it back to breakeven and save the Combine...

So technically, the real max. loss was max. loss + DLL. In case of the 30K it is 2K instead of $1500...

I fully agree with you. I dont want to give me any chance in the future to get close into the combine DLL or weekly Loss Limit, or Trailing Loss limit. Basically the combine is ideal for scalping systems. Ofc everything is about R/R calculation, but in case of scalping, you are playing with smaller Risk.

Getting back to my point, and doing the analysis, I have to be supercarefull. At the end I think it is better for me than worse, at least based on the backtesting of different timeslots in MarketReplay mode

Máté
Full time traderLive journal here
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  #42 (permalink)
Trading for Profit
Houston, TX
 
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: TradeStation
Favorite Futures: CL
 
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Pedro40 View Post
Ok, thanks for the correction, I think I remembered wrong and it is not the DLL, but the max. loss what can be crossed as long as you don't close the trade. Of course that was a year or so ago, so they might have fixed it (it never made sense)...

I believe this is still the case. You could be below your max drawdown and as long as you havent crossed your DLL, you can still trade and try to get back above the max DD to live another day. So technically, you could start your day with max DD at -1490 and still be able to trade until you hit your DLL. If you close your day below max DD, obviously you are done.

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  #43 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,542 received



LogicalTrader View Post
I believe this is still the case. You could be below your max drawdown and as long as you havent crossed your DLL, you can still trade and try to get back above the max DD to live another day. So technically, you could start your day with max DD at -1490 and still be able to trade until you hit your DLL. If you close your day below max DD, obviously you are done.


Good to know

Máté
Full time traderLive journal here
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  #44 (permalink)
Membership Temporarily Revoked
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
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4 days and no update, hm...

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  #45 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,542 received

Futures Edge on FIO
Send the update this weekend. I was doing some statistic, and grabed 3hundres today. I am not proud for it but it was decent. Till next week i hope i will have the full analysis around the YM and will able to trade better confident. Not burned my tst yet

Máté
Full time traderLive journal here
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  #46 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
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Combine day 3

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Máté
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  #47 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
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Day 4

1 missed nice entry... some try to reversal, than just swim with a swarm...
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Máté
Full time traderLive journal here
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  #48 (permalink)
Membership Temporarily Revoked
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
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Posts: 522 since Jan 2013
Thanks: 24 given, 348 received

So is it safe to assume that your 3rd Combine failed too? I like closures....

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  #49 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,542 received

Continues combine ready

Long time, to post to here, but I think it is worth to do it. After more than 18 combine trial, I finally made it. I have been finished a continues combine in 13 days. You can call it luck, but this is not luck ofc. Here is a quick excel graphic around my trials:
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You can see, most of the cases, I didnt even hit the 50% profit target, and my winning days was around 60%. In this combine I had 1 day loosing all the other are winners. I have to say that, I have been changed a lot. Thx for the pratice, and thx for the combine rules, and opportunity.

I have been learnt a lot from different sources, but my basic strategy, is attached to Horst. I have been many trading rooms, but at the end I have learnt, you need patient to let the trade win or loose, and you have to w8 for a perfect entry (based on any stratetegy, you can get a clear signal from the market only 5% of the time, so you have to wait)

Also I have been tried lots of indicators, bought lots of others, but at the end I have been stayed at Horst MacdBB style. Not because that is perfect, simply because I have been studied that the most.

I have to say at the end the biggest challange was to trade YM, insted of the TF. In the combine you are not allow to trade TF, you have to do it with YM. Horst trades almost only TF, and there are small, but very strong difference between the 2 instrument. I was a lots of headache about handling trends, and support and resistence level, but at the end I have find a good method to do so, so I am confident.

The hardest part was the end of the combine. I have broken my rules and I have moved the SL too soon, in the last 2 days, so It would have been done sooner ofc.

Anyhow here is some proof:
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Last day of the report was not calculated yet, and there are some error on oct 6th, but not a big one (it was a very small winner anyway).

And my advice about trading is same what is @Big Mike is always saying, learn learn learn, because you can do anything, but at the end you have to be successfull, and you can be happy or angry only to yourself!

And some funny fact:
- I have been lost 20kg during this 1 year journey. Need more to lose but I am running every day, to maintain consistency, and clean my head from stress
- I have been stopped smoking. I was not a big smoker, but I do smoke during trading. I do not do it at all
- I am spending more time with my family than ever
- And ofc I have been spent a lots of money to trainings, indicators, trading rooms, accounts etc...

Máté
Full time traderLive journal here

Last edited by matevisky; October 8th, 2014 at 12:59 AM. Reason: editing links
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  #50 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,542 received

Final combine report


Thank you for @TopstepTrader support to correcting the reports, here is the final one (There is crude and NQ trades, but all those BEs doesnt really matters)

Anyhow I am waiting the TopSteptrader scout team feedback We will see what the future will give us soon...
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Máté
Full time traderLive journal here
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