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rbars $150K TopStep Combine
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rbars $150K TopStep Combine

  #11 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

Day 1.2

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  #12 (permalink)
Market Wizard
Missoula, MT
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: CL, ES
 
michaelleemoore's Avatar
 
Posts: 3,314 since Nov 2012
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That's more like it! Great start!

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  #13 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

Day 2.2


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.
.
3 Trades:
1. 5 X -23
2. 5 X -21
3. 5 X +10
Total: -$1700

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  #14 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

I know it doesn't look like it but I have traded this method for many years with good success. I even traded it with market replay and simmed it for the combine to make sure it qualified. But now the results have been subpar.

I am getting stopped out due to the higher volatility this month and instead of stepping aside, I lowered the timeframes to decrease risk. Now I am getting stopped out from the noise on the smaller timeframes.

A friend of mine sent an email that I will post here for future reference: "Many traders will counter volatile markets by trading shorter time frames, so that you can reduce risk. For me, that has never worked very well. When you trade the short time frames...2 minute / 5 minute, whipsawing can be violent, which leads to not being able to to see a price direction expand. What HAS worked well is to take pause and consider the pulled-back view of the market. When I do that, I often see clear direction in general terms (via hourly or daily charts). It winds up that the smaller time frames is where all the hopping around occurs. These shorter time frame puts you IN-THE-MOMENT mentally and it's easy to have your emotions whipsawing around with the market as you fail to get trade-traction. A 'wider' view...a longer time frame chart...can often give you a MUCH clearer perspective. Try taking less shares/contracts and trading a longer time frame. I think you'll find clarity and your trades will get more traction."

Thanks Norm. Now maybe I can get back to the 80-90% win rates and pass this combine!

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  #15 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,497 received


tradethetick View Post
...

Thanks Norm. Now maybe I can get back to the 80-90% win rates and pass this combine!

What is your entry timeframe? Usually, when someone talk about such a high win rate it means he works very hard on a speedy timeframe. If you use a higher timeframe you should feel more relaxed and get a much lower winning % but a higher return. In other words, higher return with less effort. Lower timeframe is the opposite, more work for less. I wish you success on your combine.

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  #16 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received

Time frame doesn't help with volatility. Size does. Instead of using 4 contracts, use 2 or 1 and average up when it goes your way....

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  #17 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,501 since Sep 2013
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tradethetick View Post
I know it doesn't look like it but I have traded this method for many years with good success. I even traded it with market replay and simmed it for the combine to make sure it qualified. But now the results have been subpar.

I am getting stopped out due to the higher volatility this month and instead of stepping aside, I lowered the timeframes to decrease risk. Now I am getting stopped out from the noise on the smaller timeframes.

A friend of mine sent an email that I will post here for future reference: "Many traders will counter volatile markets by trading shorter time frames, so that you can reduce risk. For me, that has never worked very well. When you trade the short time frames...2 minute / 5 minute, whipsawing can be violent, which leads to not being able to to see a price direction expand. What HAS worked well is to take pause and consider the pulled-back view of the market. When I do that, I often see clear direction in general terms (via hourly or daily charts). It winds up that the smaller time frames is where all the hopping around occurs. These shorter time frame puts you IN-THE-MOMENT mentally and it's easy to have your emotions whipsawing around with the market as you fail to get trade-traction. A 'wider' view...a longer time frame chart...can often give you a MUCH clearer perspective. Try taking less shares/contracts and trading a longer time frame. I think you'll find clarity and your trades will get more traction."

Thanks Norm. Now maybe I can get back to the 80-90% win rates and pass this combine!

Personally i believe in a layered approaches for a trading method/system :
- context
- sequence detection
- trade trigger
- trade management
- money management

You can have the best trade trigger and still blow it up in the wrong context or with poor trade management.

Would have to better understand the rules to advice in more depth

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  #18 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 401 since Apr 2015
Thanks: 894 given, 486 received


tradethetick View Post
I lowered the timeframes to decrease risk.

I agree with your friend's email: I've always found that increasing timeframes reduces risk.

I was a little surprised to see you trading 5-lots yesterday, and (like Pedro above, I think) had been wondering whether you might be better trading something more like 2-lots and then adding to winning positions. That can certainly reduce risk, too.

Good luck with this!

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  #19 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,420 received

Instead of just lowering the time frame why not using range bars. With them you will have a precise measure of you risk ?

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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  #20 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received



trendisyourfriend View Post
What is your entry timeframe? Usually, when someone talk about such a high win rate it means he works very hard on a speedy timeframe. If you use a higher timeframe you should feel more relaxed and get a much lower winning % but a higher return. In other words, higher return with less effort. Lower timeframe is the opposite, more work for less. I wish you success on your combine.

Thank you. I use a 3 - 15 min timeframe. It is a scalping method so the targets are fixed and small, about 5 - 20 ticks. Trades about 2- 5 times a session.

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