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M6E Micro Euro futures friendly competition


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M6E Micro Euro futures friendly competition

  #201 (permalink)
 
JMP3's Avatar
 JMP3 
rochester new york
 
Experience: Intermediate
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TradeTheLevel View Post


Price finally dropping from the weekly R1 level. I have overall target of the weekly pivot point @1.2019 ish.

Entry. Wide bar gap up, then price did a wide bar gap down. Sign of a pivot and I entered @1.2094 on the pullback. Price imdiately dropped and I felt excited. That was short lived as price retraced and tested my entry zone.

I took off 2 of 3 Contracts and will be holding 1 contract over the weekend. The 2 contracts gave me $30.00 or 27.75 after commission.

Brings me to +12.00 net profit overall.

I have really enjoyed trading the futures contract. Seeing my limit orders trigger at the prices without the spread interfering is really a first for me. Spot brokers usually make price go past your entry slightly before filling you.




Starting Monday I have to go-to work full time. Very curious how I will trade as its been very nice to actually be home for the major market hours.


Have a great weekend everyone!


I like the position of your pitchfork, great trade, JP.

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  #202 (permalink)
 
jackbravo's Avatar
 jackbravo 
SF, CA/USA
 
Experience: Beginner
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Trading: NQ...uh..ES actually
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Well, I traded less this week, so that's a positive. But still trading badly. Main offenses:
-Stop too tight when PA going in my favor
-Stop too loose when PA against me
-Not reading the markets well-enough, insisting on a certain level being hit before pulling out.

Here are Thurs and Fri trades:



Total PnL for the week: -$44.15



EDIT: Congratulations to this week's winner: @Ozquant +$57.60! Nice algo trading!

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #203 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
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Ozquant View Post

Just checked the results compared to the original objective , error free , of the algo and it would be net 145 pips , hopefully get that rectified over weekend

Ok corrected algo errors , now as a still 1 combined and actual correct results would be net 115 points not 145 , still reasonable .



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  #204 (permalink)
 
AnvilRob's Avatar
 AnvilRob 
Smithfield, VA
Legendary Options Mando
 
Experience: Advanced
Platform: Tasty Trade, TradingView
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Ozquant View Post
Ok corrected algo errors , now as a still 1 combined and actual correct results would be net 115 points not 145 , still reasonable .



I know nothing about coding. Did you have a background in coding or did you learn how for trading?

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  #205 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
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TradeTheLevel View Post
I know nothing about coding. Did you have a background in coding or did you learn how for trading?

Been trading 18 years , started coding around 5 years ago . Definitely took a couple years to get a handle on that , first decent indicator/filter probably took 18 months , now pump em out pretty regularly . First algo took at least couple years and now i can write an algo in a few hours . I do screeners as well now . Long road but well worth it imo . You need a lot of passion though as many times you will feel like giving up .

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  #206 (permalink)
 
AnvilRob's Avatar
 AnvilRob 
Smithfield, VA
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Ozquant View Post
Been trading 18 years , started coding around 5 years ago . Definitely took a couple years to get a handle on that , first decent indicator/filter probably took 18 months , now pump em out pretty regularly . First algo took at least couple years and now i can write an algo in a few hours . I do screeners as well now . Long road but well worth it imo . You need a lot of passion though as many times you will feel like giving up .

You got me looking at various automated strategies. I had an idea for one and went seeking if anyone has made something similar. Looks like they have. I rented it for the month and put it on a demo on a VPS. It basically looks to place trades for price moving past round numbers with momentum and breaks of daily high and lows from the previous 2 days.

I've backtested EAs before and find their results are never the same as forward testing. But im curious how it performs going forward. Be really cool if it does well enough to put on a small live account to see how it performs on a live feed.

Back test results attached. They are most likely too good to be true.

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M6E Micro Euro futures friendly competition-trading-bot.pdf  
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  #207 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
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TradeTheLevel View Post
You got me looking at various automated strategies. I had an idea for one and went seeking if anyone has made something similar. Looks like they have. I rented it for the month and put it on a demo on a VPS. It basically looks to place trades for price moving past round numbers with momentum and breaks of daily high and lows from the previous 2 days.

I've backtested EAs before and find their results are never the same as forward testing. But im curious how it performs going forward. Be really cool if it does well enough to put on a small live account to see how it performs on a live feed.

Back test results attached. They are most likely too good to be true.

75000 5m bars isnt a bad sample and the curve looks smooth enough although a lot faster recently . Live testing the true marker , Watch with interest . You do realise that this bot has dynamic position sizing , explains the J curve

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  #208 (permalink)
 
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 AnvilRob 
Smithfield, VA
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Platform: Tasty Trade, TradingView
Broker: Tasty Trade
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Frequency: Daily
Duration: Weeks
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Ozquant View Post
75000 5m bars isnt a bad sample and the curve looks smooth enough although a lot faster recently . Live testing the true marker , Watch with interest

I'll update in a week on the demo fwd walk to not off track this thread too much.

If it can't perform on a fwd demo, it sure as heck isn't touching live capital.



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  #209 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
Thanks Given: 167
Thanks Received: 380

Good luck to all you guys doing the EU mini comp , i am going to take a break from Futuresio for a while so wont be participating anymore for now , cheers guys

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  #210 (permalink)
 
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 FlyingMonkey 
Los Angeles CA
Legendary Market Wizard
 
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Trying something new this month. Trading M6E with the relatively low monetary risk goves the freedom to try out different ideas live, even as I'm still formulating them. The new approach, if it works, will let me capture more price movement with less screen time. It sounds like a pipe dream, but I'm trying it (it works with swing trading, so it is sort of a swing-inspired day trading approach). The basic premise is to check the charts before I go to sleep and in the middle of the night, set my brackets whenever key inflection points appear to be forming, and walk away. Targets and stops can vary but I'd like to get to a point where even just a few good runners or target-less (hold to close) make the month.

Today was not a great example. I thought a retrace back up to 1.2070 was possible. But with 1.2055 broken down, trading long back into it was not a great play. The stop-and-reverse would have worked.

Being selective, methodical, will be important with this method as with any. I will use this month of January as a practice run to flesh this out and if it holds muster, continue using it into Feb with more of a foundation.



1/8: -$39.08

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Last Updated on March 28, 2018


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