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A non answered question about the importance of entry and exit points.
In many threads here on futures.io the discussion if entry is more important than the exit
is still alive. But a trivial answer has not shown up.
For sure there are at least two parties struggling to show the proof.
In the end that criteria is not important:
Instead the goal is to make money and to stay in the game. Everything else is
just one step to the goal.
Being pragmatic - the result is to go for - no matter what system or belief.
Here an example of the programmed signals für a possible Walzer:
The red diamonds show up when the previous bar body had more than 47 points AND the actual candle shows a body of more than 18 points in the same direction. Then the previous bar will be colored and a signal action triggers a SMS to the phone immediately.
So I will have enough time to look over the development until I fire manually the first Walzer leg. Firing in the chart is
just pressing the button V1 (in the lower left) to sell one contract - or pressing K1 to buy one contract.
Long are the blue diamonds over the second candle - the one we see has no Walzer to start as it is right before End Of
Day. And there is never a Walzer held overnight!
The red diamonds are there to show a short Walzer first. Only if the second candle body is large enough - the marker
appears and sends an SMS to the phone as well as triggering a sound on the machine.
From there the manual set trade will start or can be skipped - depending on the place where the signal occured.
Some optimizing might be a next step - but backtesting is now much easier as all candidates for a Walzer show up
in the chart:
GFIs1
..magic..
If away from the machine - a trade can be taken from the phone as well
I have a IB TWS (Trading Workstation) on the phone - so I can decide to take a trade manually and set stop.
As the signal is coming in enough before taking the trade I can watch the price move until the moment to
start.
The software is Investor/RT from Linnsoft. The signal triggers an eMail and from there a SMS alert.
How to get signals from your chart program on your phone
1)
You need a broker that offers a trading platform on the phone.
If you have one - try if you arrive to trade on it.
2)
Check if your trading platform on the PC is capable of setting signals.
Not many platforms offer signals that are programmable. Check if
you can program some signals first.
3)
Check if those signals can be sent as eMail or SMS. If so check
if those signals from the PC really arrive in your inbox as mail
or as SMS on your phone...
4)
If you can send only mails from the signal out of your desktop application
or you can not send flash SMS to your phone - you will not be alarmed
in time - and the trade ahead maybe lost.
5)
If you only can send eMail from your program then use a gateway service to
transmit your mail as flash SMS to your phone.
ONLY if you arrive to fix all above points you will have a workable signal service.
Your desktop machine needs to be working though all the trading hours.
