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Mike's, "This finally works trading system." journal for a TopStep Combine
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Mike's, "This finally works trading system." journal for a TopStep Combine

  #21 (permalink)
 Vendor: www.probabletrades.com 
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traderlange View Post
Wow..today was kind of a cluster for me.

Charts/setups look similar to the TOW 3.0, being peddled by the marketeers over at The Oil Money.

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  #22 (permalink)
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Laguerre Directional Movement Indicator w/ Option Fisher Transformation

I'm posting this here because I'm working it into my trading strategy and it's definitely still in beta, as it may be all wrong. I'll move it to the Downloads when it's good to go.

I was chatting with a trading buddie today and he was explaining to me some some great uses for the ADX w/ Di+-, so I thought I'd do an experiment and "Laguerre" it with an optional Fisher Transformation on the adx/di+-. And here is the result.

Laguerre Directional Movement - [Description from the built in indicator] This is the same indicator as the ADX, with the addition of the two directional movement indicators +DI and -DI. +DI and -DI measure upward and downward momentum. A buy signal is generated when +DI crosses -DI to the upside. A sell signal is generated when -DI crosses +DI to the downside. But now its Laguerre-ized with optional Fisher Transformations for exacerbated -DI/+DI signals.

Let me know if it's useful?

Oh, disregard any arrows in the charts below, those have nothing to do with this indicator.

Comparison without the FisherTransform
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Comparison with the FisherTransform The transform greatly increases the visual range of the DM+- during big moves. I would like to only apply the FT to the DM+ and DM- but since the FT normalizes to a tight range (visually making it un-useful unless applied to all dataseries'), I've applied the FT to the ADX as well. I'm going to normalize the ADX without applying the FT to it. Just haven't gotten there. If anyone want to take a stab at that, be my guest.
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Enjoy.

Attached Files
Register to download File Type: zip LaguerreDM.zip (8.9 KB, 39 views)
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  #23 (permalink)
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shodson View Post
Charts/setups look similar to the TOW 3.0, being peddled by the marketeers over at The Oil Money.

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Never heard of them @shodson? Are you promoting their products?

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  #24 (permalink)
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traderlange View Post
Never heard of them @shodson? Are you promoting their products?

No sir, I'm not a customer and don't know them, I just thought their charts looked similar and was wondering if you used a similar approach. Maybe they poached some futures.io (formerly BMT) indies and sell them as their own. Not sure, but it seems to happen a lot.

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  #25 (permalink)
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shodson View Post
No sir, I'm not a customer and don't know them, I just thought their charts looked similar and was wondering if you used a similar approach. Maybe they poached some futures.io (formerly BMT) indies and sell them as their own. Not sure, but it seems to happen a lot.


Oh I can imagine about the poaching - I bet it does happen all the time. There is some really good coders here. Shit, futures.io (formerly BMT) has been a life saver for me. The only indicator in my set up that I've purchased are the renko bars. Every else is from the awesome community here, or my own derivative of their work. Cheers mate.

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  #26 (permalink)
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Rough one

Disobeyed all my rules today and over traded w/ tight stops. I didn't trade my system and worried about p&l something I told myself i would never do. Took a $470 loss so now i'm < that the profit target with 3 days left to trade. Not the end of the world, as we all have bad days, but it's just frustrating. My nerves were a bit shot as I'm so close to a successful combine and traded erratically. Sounds counter intuitive, but if you're not focused in your head - shut off your computer, there will always be another day.

But - I have to suck it up, learn from today, know that bad days happen and move on from it. Will be back tomorrow with a more positive journal entry.

Cheers,

Mike

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  #27 (permalink)
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Good day!

Gathered my wits today and make a couple good trades. Only two trading days left in this combine. As long as I stay cool and collected, I'll be fine.

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  #28 (permalink)
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Glad this week is over - but still ahead!

This week has not been my best trading week. But somehow I managed to keep my head above water. I'm still on track to hit all my goals and profit target with one day left.

I'm going to finish Monday strong and finally be done with this.

Then one of two things are going to happen.

1. Move onto the next step in getting funded OR
2. Deposit 30K into my brokerage account

This combine madness is getting to me. It's been an amazing tool , but the anticipation of possibly trading without using my own capital is wonderful and a curse at the same time. And honestly, my own "permanent" capital may be the best route to go anyway.

Notice the first week - or up until I hit the profit target a few days in, I was trading great. How I should be trading. How I know I can trade day in and day out - and manually trading the whole time nonetheless! [any bit of success I've had in the past is from automating my strategies - math, statistics and software engineering are what I know I know..lol. I just have to prove to myself that I can look at setups and manually pull the trigger. It's very important to me.]

Then just to maintain that balance, I got into the wrong mindset this week, my nerves have been shot and I don't like it. I feel like more is at stake then even trading my own capital. Even though I know it's not, but I've somehow convinced myself it is and that shows in my trading. Ahh - the human brain, so fickle.

I'm not complaining, just saying how I feel at the end of this week. Topstep is wonderful and without their tools, I would not be where I am today regarding my career as a professional day trader. I no longer wonder if I'm going to be successful at this. I know I am from this point forward. It's taken a while, but I'm finally here. And for that I'm extremely grateful.

I'm just ready to move forward.

SO, I'm going to have a great day Monday and no longer worry about being funded. It's going to happen this time, or I'm funding myself. The outcome is going to be brilliant regardless.

Have a great weekend!!

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  #29 (permalink)
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traderlange View Post
This week has not been my best trading week. But somehow I managed to keep my head above water. I'm still on track to hit all my goals and profit target with one day left.

...

This combine madness is getting to me. It's been an amazing tool , but the anticipation of possibly trading without using my own capital is wonderful and a curse at the same time. And honestly, my own "permanent" capital may be the best route to go anyway.

Notice the first week - or up until I hit the profit target a few days in, I was trading great. How I should be trading. How I know I can trade day in and day out - and manually trading the whole time nonetheless! [any bit of success I've had in the past is from automating my strategies - math, statistics and software engineering are what I know I know..lol. I just have to prove to myself that I can look at setups and manually pull the trigger. It's very important to me.]

Then just to maintain that balance, I got into the wrong mindset this week, my nerves have been shot and I don't like it. I feel like more is at stake then even trading my own capital. Even though I know it's not, but I've somehow convinced myself it is and that shows in my trading. Ahh - the human brain, so fickle.

I'm not complaining, just saying how I feel at the end of this week. Topstep is wonderful and without their tools, I would not be where I am today regarding my career as a professional day trader. I no longer wonder if I'm going to be successful at this. I know I am from this point forward. It's taken a while, but I'm finally here. And for that I'm extremely grateful.

The combine stuff seems like a high-school exam. Once the exam is over the student chucks his satchel and gets back into the life which he has missed! What if you treated it as a regular thing you have to do everyday? Would that reduce the stress?

I do that - I am not even close to the target, but I do not stress myself up because I want to be in this for the long haul and not burnout by simply passing a combine (which at this point, to me, seems a non-event.). Hence, congratulations and keep doing what you have done so far, and make your new successes a new baseline. Fool your brain by being super-honest with it!

Congrats!

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  #30 (permalink)
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iqgod View Post
The combine stuff seems like a high-school exam. Once the exam is over the student chucks his satchel and gets back into the life which he has missed! What if you treated it as a regular thing you have to do everyday? Would that reduce the stress?

I do that - I am not even close to the target, but I do not stress myself up because I want to be in this for the long haul and not burnout by simply passing a combine (which at this point, to me, seems a non-event.). Hence, congratulations and keep doing what you have done so far, and make your new successes a new baseline. Fool your brain by being super-honest with it!

Congrats!


"and make your new successes a new baseline" is so spot on. It's a simple concept with profound implications when heeded. It's how to progress. Thanks iqgod.

I've pushed myself to achieve my entire life. Not because I was ever forced to, but because In my 38 years to date, I've come to realize I can do whatever I choose because "success and achievement" are ultimately decided by me. its usually in line with collective thought, but not always and never internally judged by that. When I set a goal, it becomes religion. Then I'm in for the long haul, regardless. trading included. ive been at it for about 10 years now - it's going be my retirement. That's a joke as I'll never "retire" since I don't separate work from life. It's all just life to me. Albeit, scheduled at times.

I've read somewhere I should separate life from work. But with so many choices in life already, that's one I choose not to make. And truly, I don't understand the difference enough. I've worked my entire life. Life is work on it's own. I'm just grateful to be.

However, I have moments of self pity regardless of how far I've come at anything. This in turn causes a little stress. But all and all I always try to keep a positive outlook and dig deep to make sure I'm truly enjoying the process of whatever goal is at hand (as a whole). And that I am.

I took things a bit serious last week, but only in breif moments and only in the moment. If you know me personally you'll argue serious is not in my psyche! Lol. But it certainly is.

And I agree more than you can imagine-I've been fooling my brain my entire life! Sometimes to my detriment, but 98% of the time, honestly and to mine (and others) benefit.

I appreciate the words of wisdom - just what I needed. Thanks again and have a wonderful weekend!

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