What is your experience with TickStrike? (sound of the market) www.tickstrike.com - futures io
futures io



What is your experience with TickStrike? (sound of the market) www.tickstrike.com


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one JohnTCHT with 9 posts (6 thanks)
    2. looks_two Stillgreen with 6 posts (1 thanks)
    3. looks_3 lancelottrader with 3 posts (5 thanks)
    4. looks_4 Otterly with 3 posts (3 thanks)
      Best Posters
    1. looks_one bobwest with 3 thanks per post
    2. looks_two lancelottrader with 1.7 thanks per post
    3. looks_3 Otterly with 1 thanks per post
    4. looks_4 JohnTCHT with 0.7 thanks per post
    1. trending_up 21,532 views
    2. thumb_up 20 thanks given
    3. group 17 followers
    1. forum 29 posts
    2. attach_file 5 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

What is your experience with TickStrike? (sound of the market) www.tickstrike.com

(login for full post details)
  #21 (permalink)
JohnTCHT
Jacksonville, FL USA
 
 
Posts: 23 since Jun 2017
Thanks: 1 given, 18 received

Size is often offset by strength as well. If a stock on page six is trading five times as many shares, it can make up for being down a bit on the list. I have looked at a full screen of down indicators flashing and watch the Futures slowly climb up. Obviously, something down the line is make its mark on the trend.

There are so many reasons to see as much as possible. I agree the very bottom of the list would not be influential but any in the top quarter, depending on how many and how strong could measurably affect the trend. I find the NQ is way too volatile to trade unless you are willing to risk big money (using a big stop) to stay in the market and hope there is not a reversal that takes out your stop.

Reply With Quote
The following user says Thank You to JohnTCHT for this post:

Can you help answer these questions
from other members on futures io?
Paid coding for NT7 to NT8 Custom Plot() conversion
NinjaTrader
Effect of Bitcoin price on Altcoins
Crypto Futures
AddPlotNames2a support thread
NinjaTrader
East West Petroleum Corp - EW (Canada) – EWPMF (USA) …
Stocks and ETFs
SafeDayTradingorg
Trading Reviews and Vendors
 
 
(login for full post details)
  #22 (permalink)
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
Stillgreen's Avatar
 
Posts: 195 since May 2014
Thanks: 347 given, 247 received


JohnTCHT View Post
Whether you are using Tick Strike or not --- LISTEN UP! They are updating the app with additional stock symbols. Within a week or so it will be greatly improved with added symbols of many of the top market capitalized stocks within the ES. It is a miracle app right now, but can you imagine how good it will be once the additional major stocks of the S&P 500 are added for better establishing strength and trends for the S&P 500 futures???

I am finding, after just a couple of months' use, that it is almost impossible for me to enter at the wrong time. I am trading the S&P 500, going for short wins (usually 2 to 4 ticks per entry depending on strength of indicator signal), going in multiple times as each new high strength activity is indicated, within the established trend, starts up again (making sure to stick with the established direction and never bucking the existing trend until a new direction is well established), and lastly dividing my entries up into multiple entries (If I am trading 10 contracts, I enter 2 per time for possible averaging if it reverses ever so slightly), then moving my exit closer to the market position to my original goal (number of ticks per contract average) so the exit is uniform and happens all at once. Lastly, do not enter right at the open (or other highly volatile periods) as no app can react to that much volatility (actually, the app can but you cannot).

Doing this, I am winning 96++ percent of my entries and managing to pull as much as ten percent on capital daily (well worth the investment in a lifetime license). With this on my side, I can also go in with shorter stop outs, risking far less per entry.

Can't imagine where I could be if this had been brought to my attention earlier!!!

Hi there, with such a high % of wins and small small profit targets, what size stop loss do you use ?
Do you trail it ?
What is you average number of trades per day ?
I used Tickstrike a few years ago, before the current update, and wasn't able to benefit that much from it.
But I was going for bigger targets. I am curious to know what other other factors (apart from the Tickstrike signals)
make you decide to enter a trade.
Thank you.

Reply With Quote
 
(login for full post details)
  #23 (permalink)
JohnTCHT
Jacksonville, FL USA
 
 
Posts: 23 since Jun 2017
Thanks: 1 given, 18 received



Stillgreen View Post
Hi there, with such a high % of wins and small small profit targets, what size stop loss do you use ?
Do you trail it ?
What is you average number of trades per day ?
I used Tickstrike a few years ago, before the current update, and wasn't able to benefit that much from it.
But I was going for bigger targets. I am curious to know what other other factors (apart from the Tickstrike signals)
make you decide to enter a trade.
Thank you.

Hi there: I usually use a stop equal to 2.5 to 3 times the profit goal. If I see a reversal going gang busters (such as when Tick Strike shows a reversal), I opt out quickly. Each entry per contract is equal to about $21 and I try to get about 5% minimum per account. To be safe I trade with at least $4K per contract in the account. I typically do not trail as I stand by the trigger instead. If Tick Strike is still strongly indicating a continuation, I do not want the stop moving too close as the reversal then might only be about 3-4 ticks.

I find that now a days, long profit targets are suicidal. It used to be that the ES would often trend in under a minute after opening, but it never happens anymore. It is so bad right now that I am normally using just two ticks as the profit goal and doing very well. It is just a hell of a lot of entries. Best time I find to enter most days is after 2:00 Central time but there can be good trends around 9:00- 9:30 AM Central and other times during the day. I keep one eye (and ear) on Tick Strick most of the day. Ten 2-tick entries give me the 5% on $4K. Maybe I even go for 12 if the market merits it.

Reply With Quote
The following user says Thank You to JohnTCHT for this post:
 
(login for full post details)
  #24 (permalink)
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
Stillgreen's Avatar
 
Posts: 195 since May 2014
Thanks: 347 given, 247 received


JohnTCHT View Post
Hi there: I usually use a stop equal to 2.5 to 3 times the profit goal. If I see a reversal going gang busters (such as when Tick Strike shows a reversal), I opt out quickly. Each entry per contract is equal to about $21 and I try to get about 5% minimum per account. To be safe I trade with at least $4K per contract in the account. I typically do not trail as I stand by the trigger instead. If Tick Strike is still strongly indicating a continuation, I do not want the stop moving too close as the reversal then might only be about 3-4 ticks.

I find that now a days, long profit targets are suicidal. It used to be that the ES would often trend in under a minute after opening, but it never happens anymore. It is so bad right now that I am normally using just two ticks as the profit goal and doing very well. It is just a hell of a lot of entries. Best time I find to enter most days is after 2:00 Central time but there can be good trends around 9:00- 9:30 AM Central and other times during the day. I keep one eye (and ear) on Tick Strick most of the day. Ten 2-tick entries give me the 5% on $4K. Maybe I even go for 12 if the market merits it.

Thank you for the detailed response.
It hadn't occurred to me that it would be possible to be consistently profitable scalping for 2 ticks, and your win rate is very impressive.
When you review your trades do you find that a lot of them would have hit 3 or 4 ticks profit before reversing to the stop loss ? In your case 1 or 2 ticks extra is a big increase in profits and may be worth going for, with a slightly lower win rate.
I see that the new version of Tickstrike has a meter that goes to 15.
Do you have a threshold that you wait for before taking a trade , eg wait til the meter hits 11 or 12 ?
Do you wait to see correlation in other indices, or is the signal on the ES enough for you ?
Do you rely solely on the signal, or is it just confirmation of an intention to enter at a certain price area or chart pattern?
To enter do you hit the market, or hit the Ask ( to go long) , Bid ( to go short) ?
I think scalping is a difficult way to go for most of us retail traders, so I am glad to hear that someone can do it.
If your method doesn't involve much decision making beyond the Tickstrike signal, I wonder if it could be automated.

Reply With Quote
 
(login for full post details)
  #25 (permalink)
JohnTCHT
Jacksonville, FL USA
 
 
Posts: 23 since Jun 2017
Thanks: 1 given, 18 received


Stillgreen View Post
Thank you for the detailed response.
It hadn't occurred to me that it would be possible to be consistently profitable scalping for 2 ticks, and your win rate is very impressive.
When you review your trades do you find that a lot of them would have hit 3 or 4 ticks profit before reversing to the stop loss ? In your case 1 or 2 ticks extra is a big increase in profits and may be worth going for, with a slightly lower win rate.
I see that the new version of Tickstrike has a meter that goes to 15.
Do you have a threshold that you wait for before taking a trade , eg wait til the meter hits 11 or 12 ?
Do you wait to see correlation in other indices, or is the signal on the ES enough for you ?
Do you rely solely on the signal, or is it just confirmation of an intention to enter at a certain price area or chart pattern?
To enter do you hit the market, or hit the Ask ( to go long) , Bid ( to go short) ?
I think scalping is a difficult way to go for most of us retail traders, so I am glad to hear that someone can do it.
If your method doesn't involve much decision making beyond the Tickstrike signal, I wonder if it could be automated.

I suspect many would go 3 or 4 ticks, but many would also reverse and would require much longer stop outs. I stand ready to reenter once I am out, so I get them anyway without the risk, just a new fee which is minimal compared to a 12-tick loss on an entry for 4 ticks. By reentering I can read the scene and enter or not, but I have safely gained 2 ticks which I find is golden.

I enter with Market orders and exit with Limit orders. Consider also that two ticks on the ES is equal to 5 on the Nasdaq without the volatility risk that NQ has. I am looking at the size of green vs any reds or vice versa depending on direction. I am trying to get him to add a total screen (G v R) but I doubt it will happen and that could have floated over to my entry page for a quick visual. I will keep on him and see how it goes.

Reply With Quote
The following user says Thank You to JohnTCHT for this post:
 
(login for full post details)
  #26 (permalink)
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
Stillgreen's Avatar
 
Posts: 195 since May 2014
Thanks: 347 given, 247 received

@JohnTCHT , How do you trade on days like today ? Do you widen your targets and stop losses ?
Take less trades, or more ?

Reply With Quote
 
(login for full post details)
  #27 (permalink)
JohnTCHT
Jacksonville, FL USA
 
 
Posts: 23 since Jun 2017
Thanks: 1 given, 18 received


Stillgreen View Post
@JohnTCHT , How do you trade on days like today ? Do you widen your targets and stop losses ?
Take less trades, or more ?

I pretty much do the same. It had several good runs on the ES where I was out in seconds and back i on the next second. I was using 2 for goal and 8 for stop out. With a highly volatility day I use this combo. with a 2/8 ratio. Couple of times I decided to get out with about a 4-tick loss before it went too far.

Reply With Quote
The following user says Thank You to JohnTCHT for this post:
 
(login for full post details)
  #28 (permalink)
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
Stillgreen's Avatar
 
Posts: 195 since May 2014
Thanks: 347 given, 247 received

@JohnTCHT

Hi again,
Over the past couple of weeks I have been trying my hand (in Sim mode) at scalping the ES using Tickstrike as a trigger.
I find it very difficult to get any consistent profits.
It seems to me that it requires such quick reactions and precision that I do not possess.
What I have noticed is the the price movement on the DOM is far more jittery than it used to be when I last tried scalping a few years ago.
Frequently the price can jump 4 or 6 ticks in a second or 2, in both directions.
It may be that I have just chosen a particularly volatile period and it may not be the norm, but it does seem a very precarious exercise to try and capture just 2 ticks in this environment.

If possible could you post a screenshot of your Tickstrike set-up for the ES : which correlated markets do you view ?
Do you want to see all your chosen meters show a high reading simultaneously ?
Is there a certain number on the ES meter that you want to see before pulling the trigger ?
What is you average time in a trade ?
Thanks in advance.
I will continue to try this system-- maybe if price movement settles down I can achieve some success with practice.

Reply With Quote
 
(login for full post details)
  #29 (permalink)
JohnTCHT
Jacksonville, FL USA
 
 
Posts: 23 since Jun 2017
Thanks: 1 given, 18 received


Stillgreen View Post
@JohnTCHT

Hi again,
Over the past couple of weeks I have been trying my hand (in Sim mode) at scalping the ES using Tickstrike as a trigger.
I find it very difficult to get any consistent profits.
It seems to me that it requires such quick reactions and precision that I do not possess.
What I have noticed is the the price movement on the DOM is far more jittery than it used to be when I last tried scalping a few years ago.
Frequently the price can jump 4 or 6 ticks in a second or 2, in both directions.
It may be that I have just chosen a particularly volatile period and it may not be the norm, but it does seem a very precarious exercise to try and capture just 2 ticks in this environment.

If possible could you post a screenshot of your Tickstrike set-up for the ES : which correlated markets do you view ?
Do you want to see all your chosen meters show a high reading simultaneously ?
Is there a certain number on the ES meter that you want to see before pulling the trigger ?
What is you average time in a trade ?
Thanks in advance.
I will continue to try this system-- maybe if price movement settles down I can achieve some success with practice.

I am including all Stocks that are in ES in my setup. As a matter of interest Aamar is adding some major changes as we speak. At my suggestion, it will be more inclusive of the major stocks on the index.

Secondly, you are trading in too high a volitivity situation. Do not trade during major moments such as the open or major news.

Wait for a trend, pick it up once it is going and do not trade more than twice in a trend unless you see it going for a much longer period (normally after 3:00PM). If you trade more than twice, set your stop tighter just in case. Then, wait for a new trend. Mostly these happen around 10:00 AM, maybe near the lunch hour, and then around 3:00 PM. I am referring to EDT. Also, let the screen be lit up like a Christmas tree with no lights of the opposing color.

Once you see another color or a lessened strength start, stop trading! One other trick I use is to spit my entries into two or more, pausing a moment to check direction and if it reverses, hit it again when it starts back up. Then I move my exit target, in total, to two ticks. If you enter successfully, you do not need too many to make a killing.

Did not mention originally. Average time in trade going for two ticks is under 30 seconds if it is done right.

Go for quality, not quantity in your entries.

Reply With Quote
The following user says Thank You to JohnTCHT for this post:
 
(login for full post details)
  #30 (permalink)
JohnTCHT
Jacksonville, FL USA
 
 
Posts: 23 since Jun 2017
Thanks: 1 given, 18 received


Here is the screen setup
TickStrike Setup for ES

Reply With Quote
The following user says Thank You to JohnTCHT for this post:


futures io Trading Community Trading Reviews and Vendors > What is your experience with TickStrike? (sound of the market) www.tickstrike.com


Last Updated on September 13, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts