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First off, I would like to thank Big Mike for allowing us to participate in this great cause of feeding the hungry.
I want to remain un-bias and trade off of probability but lately I've been finding myself listening to the news thus swaying my bias-ness. I want to be informed but it's a big distraction. I will be trying to pass the Earn2Trade Gauntlet. I've been messing with BloodHound for about a month or so. I still feel very new to it but it beats trying to code my own indicator and strategy and trying to debug it after on Ninjatrader 8. Which debugging started to take more time than trying to think up strategies. I don't have a background in coding but I'm a very curious person so I've been trying to learn to code on and off.
My plan: I want to start out simple and maybe add more things to it when I've got a hold on a habit or two.
1. 10 minutes of meditation before the market open, understand what strategy I'm going in with. At the moment, I'm unsure if I should be focusing on my breathe to calm my mind for the meditation session or give thought to my strategy.
2. 10 minute of meditation after the market close then analyzing my results for the day. Find out what I did right that day and especially what I can improve on.
As I was meditating, I felt as though I had too many questions not answered yet so I’m hesitant to proceed to purchase a E2T subscription. Right now Earn2Trade has a deal going on so I want to get started as soon as possible. Maybe by the end of this week. Before I do, I want to create a strategy that backtest and profit of $3000 in 15 trading days with MES.
Earn2Trade vs TopStepTrader
I've been seeing discussions about which is better. I think both are great companies, but the reason why I choose Earn2Trade was because they have a micros that I would like to trade. They recently started a rule that only 30% of a winning day can contribute to the overall profit target. E.g. $3000x .3=$900.00. For some this is an inhibitor while for others it prevents overtrading and further teaches you discipline in your trades.
Another question that keeps running through my mind is do I have an edge to test? If I can't write it out, I probably don't.
My current parameters for MES is:
1. Daily loss - $200
2. Net gain - ?? (should I do an exit strategy or a net gain for the day?)<---(this question makes me wonder if I should be looking to trade percentages or profit factor, I understand it's a little bit of everything. I'm just unsure what I want)
a. Since I'm still new I want small wins to build up my confidences so probably a high win strategy at the moment.
3. 3 trades per day ( Although I know even Big Mike even suggest that might be too much as well)
What I was working on before until I had to put it on hold. I was messing with Ichimoku about 2 weeks ago. I'm very lucky that Big Mike is holding this event because my Bloodhound trial ran out shortly when I came back. SO THANK YOU AGAIN BIG MIKE!
what i was working on
What I was working on before. I'm trying to piece together my work as well as my thought process. I was still trying to learn to use Bloodhound and use SiRaven properly. I wanted to see the thought process of how the Sharkindicator instructors used certain solvers. That way I can later branch out and have my own ideas to incorporate.
They are using LizardIndicators and I'm using what's available here at nexusfi.com, so I'm missing some indicator values to compare and use but I can improvise or go off on a tangent and find my own signals.
What I did today was re-watched "The Challenges of Trading in isolation w/ Morad Askar (aka FuturesTrader71" I also watched some of Kevin Davey's videos for some ideas. I did not finish finding a reasonable edge. I kind of want to add VWAP into the charts I was working on yesterday. I need to make sure I don't over optimize and curve fit my charts.
Although I don't have live markets at the moment. I tried to evaluate my emotions as NQ was reaching 10,000 this evening. Would I have enough conviction to short the NQ or MNQ? Where would my stoploss and profit target be?
As I try out different strategy, I come across a familiar hurdle.
Is there a way to manage my trades with Bloodhound? Before Bloodhound, I was trying to create a strategy that only allowed 3 trades per session. Not knowing C# that well, I got distracted trying to debug a strategy and then forgetting altogether what the strategy for that day would be.
Question: How do I create a "logic" that allows a max of 3 trades per day or a max loss of $200 per session, whichever comes first?
If any knows any videos that I can learn from to construct this logic. Let me know.
If I find any, I will post the link here just in case anyone else is curious to learn as well.
Do you guys have a solver node that would look at "RealizedPnL" and/or "UnrealizedPnL"? If not, is there a way to incorporate that logic we have written with Bloodhound into a C# code and then further add to it?
Hi, to restrict the number of trades or max/min gain/loss with bloodhound logic is not possible, this is a blackbird's job.. BH is a signal generator, for entries and exists.. BB is a trade manager.. hope this saves you a few minutes searching for this, regards.
Oh I see, Thank you very much. I haven't looked at blackbird much yet so I didn't realize it was a whole different software. So that also answers my question for SharkIndicators up top as well.
I wanted to update since I haven't in a while. I've already broke my meditation routine but the important part is noticing it and getting back in the routine. Been re-watching some of the newer futures.io webinar and trying to incorporate the lesson taught.
I'm finding it hard what to write in my journal each day. So I've been reading around people's journals to get some ideas of other people's journal format.
I've been trying to think if I should invest some of my time to learning BlackBird from sharkindicator as well or instead. I saw a few of Blackbird's videos and it's exactly what I was trying to control, risk. Just controlling my risk vs trying to create my strategy. I see the necessity of understand one before moving on the next. I remember a couple months ago I was messing with Ninjatrader's ATM and familiarizing myself with the ATM's functionalities. I'm very thankful for Jeremy Tang for creating BlackBird and Bloodhound to help accelerate the logic process of trading. I love how fluid he is with coding. Again, he saves the headache of having to code and running into coding bugs if you're working with Ninjatrader.
I also wanted to check out Iceberg orders and some other things discussed the past weeks webinar. It seems my attention spreading a bit thin at the moment.
Goal for the next 24 hours is: I want to place a trade with a demo account with Bloodhound by the end of Friday. It doesn’t matter the strategy at the moment. I just want to see it place a trade and make sure everything is running okay. Maybe a 1:2 risk:reward ratio with a <50% win/loss ratio? I know I said i wanted a high win ratio, but it seems to be the harder route.
I was trying to find a way to use SiRaven that is built-in with Bloodhound without live data feed. I thought connecting to "Playback connection" would do the trick but it didn't. SiRaven doesn't work without live data. I found out today after attending BlackBird webinar that you could use "Stimulated data feed" which is a connection I hardly connect to, but will be using in the future.
I attended the BlackBird webinar and it got my brain thinking up of strategy to quickly create and move on. I'm just going to work with EMA crossovers since that's what was discussed in the webinar. The instructor is great and does a great job trying to help those that want to learn to better ultilize Blackbird and Bloodhound.
What I did right today? Place a "feeler" trade. I was kind of afraid to place a trade since I didn't have a working Bloodhound at the moment but wanted to get a trade in due to having started my E2T subscription and it was getting close the the end of the trade day. I just wanted to place a trade a 50/50 trade. If it went against me or with me it didn't matter. It's in a congested area and it's either going either pop up back to 3050 or down to 2950. I guessed long first and it went against me 61.94(4.44 round-trip fee included) or 11.50 points. What I did wrong? I did not know my risk before I entered but had a mental stop of about $100. 100/1.25=80 ticks. Afterward I went back to trying to put together a random Bloodhound logic.
I know I traded noise but I wanted to dip my toes into the pool before the weekend started. Maybe there was a buy accumulation and they are dumping the contracts now?
Random 3 trade for the day from bloodhound. I just threw some random logic probably will not be using this strategy.
Finally able to hit "Enabled" in SiRaven!
Profit target was 20 ticks and Stoploss was 10 ticks. The results are a bit useless since there isn't enough trades over a longer period of time. But this was a test run and i was just putting together random thoughts without judgement. The point wasn't to make any profit but just stick with the goal I set for myself yesterday. I need to do a few more things before I can let this run live.
What could I improve in?
-Write out a strategy first and number each parameter.Attachment 302337
