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50k OneUp Evaluation Journal (YM)
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50k OneUp Evaluation Journal (YM)

  #1 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

50k OneUp Evaluation Journal (YM)

Hi all,

Thanks for reading.

This trading journal is to help me hold myself accountable and also share my experience and seek other contributions to aid my quest of getting funding from OneUp.

I registered for a $50,000 evaluation with OneUp Trader. I have my trader's profile, trading platform, data feed, etc all set up. I have place my first trades and completed my first day. Everything seems to be working fine so far.

Note: I am not in anyway affiliated with OneUp Trader. I have no agenda here, other than to share my experience.

I am actually a FDXM trader, but OneUp won't allow me to use that product on their program, so as my [momentum-based] trading strategy also works on DOW and S&P, I am choosing the YM and ES contracts for the evaluation.

I have traded as an enthusiast for nearly 10 years now, but professionally for around 4 years, with varying success. My first two years doing it full-time were up and down and volatile. My third year I started to really understand my psychology and statistics and now I am comfortable with my small edge.

I will continue adding to this, but I have made the start.

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  #2 (permalink)
Quick Summary
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  #3 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

Early days


Pretty early days, but I am using NinjaTrader8 with this evaluation. I think I will switch it back over to Sierra Charts if/when I pass evaluation, I am much more comfortable over on SC.

So I am trading single contracts on YM at the moment, and I have some pretty specific criteria that I look for in the trades.

Strategy is basically a momentum strategy during the higher volume periods of the day.

I typically risk up to 50 points max on the initial SL ($250 max risk) and then trail the SL it as it gets into profit according to my strategy. Most trades are much lower than a 50 point SL. If the trade requires more than 50 points, I walk away.

The TP is normally set at 4x SL, so it's 4:1 by default.

However, I often close trades out early because not every trade catches the momentum I want.

So on average I get around 2R with a 44% hit rate, which is offering me enough of a statistical edge to profit from. The hit rate is ignoring breakeven trades, (so it's just winners / losers)

But we'll see

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  #4 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

Day 1

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  #5 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

DAY2: Salvaged A Poor Day

It was actually a poor day yesterday, I didn't enjoy the conditions after having missed the major move (from my strategy) in the morning. It happens.

I still managed to salvage some kind of profit.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #6 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

Day 3

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  #7 (permalink)
Elite Member
Milan Italy
 
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini
 
Posts: 2 since May 2018
Thanks: 3 given, 1 received

Details

Hi, can you explain some details of strategy?

Thanks

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  #8 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

oops

I've already ruined my evaluation. I made an error and kept a contract open beyond the permitted time.

So I have assumed that this would invalidate my account evaluation and I have decided to 'reset' and go again.

A silly error.

Regarding the strategy, it is momentum-based strategy using a few technical indicators and vwap. It provides me with signals and I take the ones that fit my bias for that session.

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  #9 (permalink)
Elite Member
Tallinn, Estonia
 
Trading Experience: Beginner
Platform: SC
Favorite Futures: NAS100
 
lemons's Avatar
 
Posts: 846 since Nov 2010
Thanks: 1,622 given, 2,099 received


TheDaxTrader View Post
I've already ruined my evaluation. I made an error and kept a contract open beyond the permitted time.

I see you use SierraChart. Use functionality "Flatten Positions at Set Time "

https://www.sierrachart.com/index.php?page=doc/GlobalProfitLossManagement.php#FlattenPositionsAtSetTime

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  #10 (permalink)
Trading Apprentice
Sandbanks, Dorset
 
Trading Experience: Advanced
Platform: NinjaTrader, Sierra Chart
Favorite Futures: DAX, YM, ES
 
Posts: 16 since Jan 2019
Thanks: 3 given, 18 received

Excellent




Many thanks!

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