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Btsgrand Journal - TST 50K Combine


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Btsgrand Journal - TST 50K Combine

  #11 (permalink)
btsgrand
Long Beach CA, USA
 
Posts: 13 since Aug 2016
Thanks Given: 2
Thanks Received: 39

Victorbravo

Please see my chart settings,

Its Volume chart - 2500 Volume
5, 21, 50 WMA of Typical Price,
OBV 21 Period and WMA of OBV 21 Period

I use 50 WMA for Trend bias, use 5 and 21 WMA Crossover for entry and exit.

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  #12 (permalink)
btsgrand
Long Beach CA, USA
 
Posts: 13 since Aug 2016
Thanks Given: 2
Thanks Received: 39

Hit Loss limit of $1000 today. The funny part is the price where i got kicked out is the low of the day for NQ.

Low of the day for NQ is 4792.5 and my position is closed by Loss limit algorithm at 4792.25, may be it calculates the loss limit based on bid price.
If it would have closed my position at 4792.5 i would have continued with the combine.

Lessons learnt from combine
  • Never leave your computer if you are in a trade without a proper stop limit
  • Avoid scaling up when your losses are mounting.

Hopefully i will start another combine.

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  #13 (permalink)
btsgrand
Long Beach CA, USA
 
Posts: 13 since Aug 2016
Thanks Given: 2
Thanks Received: 39


Hi

My strategy is a trend following strategy. It's discretionary mechanical system
It is based on 5, 21, 50 WMA

if 5 and 21 WMA is above 50 WMA i will take only long trades

if (5 wma cross above 50 wma) or (21 above 50 and 5 cross above 21) take long trade on cross.
if in long trade and 5 wma cross below 21 and above 50 - go flat wait for it to resolve and decide

if 5 and 21 WMA is belwo 50 WMA i will take only short trades

if (5 wma cross below 50 wma) or (21 below 50 and 5 cross below 21) take short trade on cross.
if in short trade and 5 wma cross above 21 and 5 wma below 50 - go flat wait for it to resolve and decide

To avoid whipsaws and to decide entry and exit at the crossover points i look at OBV if there is any divergence

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  #14 (permalink)
 
VictorBravo's Avatar
 VictorBravo 
Orlando FL
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES and CL
Posts: 43 since Aug 2016
Thanks Given: 231
Thanks Received: 56


btsgrand View Post
Hit Loss limit of $1000 today. The funny part is the price where i got kicked out is the low of the day for NQ.

Low of the day for NQ is 4792.5 and my position is closed by Loss limit algorithm at 4792.25, may be it calculates the loss limit based on bid price.
If it would have closed my position at 4792.5 i would have continued with the combine.

Lessons learnt from combine
  • Never leave your computer if you are in a trade without a proper stop limit
  • Avoid scaling up when your losses are mounting.

Hopefully i will start another combine.

So sorry to hear you hit the loss limit. Wow, and you were on roll with such good results. Odd that it would record your loss one tick below the low.

I suggest you reset and try again right away. You know what went wrong, and you can correct those two things. You're too good, and I'll bet you succeed the next time. Go for it and good luck. I'll be following along.

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  #15 (permalink)
btsgrand
Long Beach CA, USA
 
Posts: 13 since Aug 2016
Thanks Given: 2
Thanks Received: 39

Starting again

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  #16 (permalink)
 
VictorBravo's Avatar
 VictorBravo 
Orlando FL
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES and CL
Posts: 43 since Aug 2016
Thanks Given: 231
Thanks Received: 56


btsgrand View Post
Starting again

Hey Btsgrand, glad to see you're back in. Another great start.
Keep up the good job, and stay focused. You can do it!

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  #17 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
Posts: 778 since Apr 2010
Thanks Given: 3,822
Thanks Received: 750

Well done big guy and this time go easy as bulk of your hard work has been done and no need to take extra risks...

Cherry pick your trades and just pass the combine

You know you can do it and you will succeed and always great to see members in here nail their strategy and win the game


Sharmas


btsgrand View Post
Starting again


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  #18 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 649 since Apr 2015
Thanks Given: 2,349
Thanks Received: 1,057


sharmas View Post
Cherry pick your trades and just pass the combine


This must be the right approach, I'm sure.

Watching with interest and wishing you good luck.

I don't trade ES, but am curious about constant-volume bars. If you can be bothered to reply to a non-Combine question, what would you say is the average volume per minute, or per 5 minutes (a) during the first hour or so of the S&P being open, (b) later in the day, and (c) out of S&P trading hours? I notice you're using 2,500V bars and there seems quite a bit of variability, but I'm not sure which time-zone your charts are set for?

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  #19 (permalink)
btsgrand
Long Beach CA, USA
 
Posts: 13 since Aug 2016
Thanks Given: 2
Thanks Received: 39

Finally managed to pass combine Will be soon starting FTP

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  #20 (permalink)
 
VictorBravo's Avatar
 VictorBravo 
Orlando FL
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES and CL
Posts: 43 since Aug 2016
Thanks Given: 231
Thanks Received: 56



btsgrand View Post
Finally managed to pass combine Will be soon starting FTP

Congratulations! That is great news. I'll be curious to hear how the FTP goes. When does it start?
I wish you the best and I know you can do it.

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Last Updated on January 15, 2018


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