AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything - futures io
futures io futures trading



AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything


Discussion in Trading Reviews and Vendors

Updated by mjg2trader
      Top Posters
    1. looks_one FuturesTrader71 with 184 posts (635 thanks)
    2. looks_two Big Mike with 122 posts (460 thanks)
    3. looks_3 josh with 12 posts (30 thanks)
    4. looks_4 arnie with 10 posts (14 thanks)
      Best Posters
    1. looks_one Big Mike with 3.8 thanks per post
    2. looks_two Yukoner with 3.6 thanks per post
    3. looks_3 FuturesTrader71 with 3.5 thanks per post
    4. looks_4 josh with 2.5 thanks per post
    1. trending_up 189,662 views
    2. thumb_up 1,415 thanks given
    3. group 341 followers
    1. forum 600 replies
    2. attach_file 19 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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
 

AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything

(login for full post details)
  #551 (permalink)
Chicago, IL, USA
 
Experience: Advanced
Platform: CT Bookmap, IRT
Broker: EdgeClear.com using Rithmic/IQFeed
Trading: ES, CL, RTY
 
FuturesTrader71's Avatar
 
Posts: 306 since Feb 2012
Thanks: 122 given, 1,145 received


bg90 View Post
What program can be used to record statistical analysis like in today's webinar? Currently using ninja trader, wondering if I should combine with something else to study a product and find edges.

Hi bg90,

What kind of statistical analysis are you trying to record? Are you talking about trade performance?

Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Follow me on Twitter Reply With Quote

Can you help answer these questions
from other members on futures io?
Cumulative Bid/Ask Chart resets after 2Billion
MultiCharts
Setting up an alert on a Gartley study
Traders Hideout
Corn Sep-Dec20
Commodities
TOS script help - crossover with alerts - help please?
ThinkOrSwim
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
187 thanks
Micro account vs Funded account (combine)
53 thanks
Are sharks watching on the other side?
32 thanks
Market profile entries/exits
25 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
 
(login for full post details)
  #552 (permalink)
jersey city nj
 
Experience: Intermediate
Platform: nt
Trading: es
 
Posts: 3 since Oct 2017
Thanks: 0 given, 0 received


FuturesTrader71 View Post
Hi bg90,

What kind of statistical analysis are you trying to record? Are you talking about trade performance?

Re-watched the webinar, and looks like what I need is a way to export data from NT to excel, currently trying to figure this out, what program are you using in the webinar?

Reply With Quote
 
(login for full post details)
  #553 (permalink)
Richmond, VA
 
Experience: Intermediate
Platform: TradeStation, thinkorswim
Trading: Crude CL, Gold GC, Copper HG
 
Posts: 5 since Jun 2017
Thanks: 34 given, 2 received


Thanks FT71 for the training seminar. That was very helpful in understanding the technical aspects of trades.

I am duplicating your process with CL using Tradestation and figuring out things as I go. My TS feed doesn't have continuous Pit hours (at least that I can find), or a single data stream, so getting a large data sample may be a bit more challenging that simply selecting the Daily RTY like you did.

What considerations should I keep in mind in working to understand it when I use the 24 hour data? How would you handle getting the data sample of information? I guess I could put it together piece by piece, but I wanted to see what you thought.

Thanks!

James

Reply With Quote
 
(login for full post details)
  #554 (permalink)
California
 
Experience: Intermediate
Platform: Ninja
Broker: Amp
Trading: guitar
 
Posts: 46 since Apr 2010
Thanks: 0 given, 9 received

Not sure how to start a New post so maybe I can ask here . Are there any good , reliable trading rooms out there ?
Call out trades on any of the E mini futures ? Or maybe a good webinar that shows good setups to trade ?
Thanks in advance.

Reply With Quote
 
(login for full post details)
  #555 (permalink)
Southampton + Dorset/England
 
Experience: Beginner
Platform: ninjatrader
Broker: Ninjatrader, Continuum
Trading: CL
 
Posts: 31 since Jan 2015
Thanks: 17 given, 7 received

Hi FT71
What would you recommend for the session/IB/opening swing/volume profile times for the Euro Stoxx?
Thanks in advanced

Reply With Quote
 
(login for full post details)
  #556 (permalink)
Vancouver, BC
 
 
Posts: 31 since Dec 2015
Thanks: 23 given, 9 received

Hi FT71,

I have a question about the webinars as I'm interested in purchasing them.

Since the webinars were recorded in 2010 (8 years ago), charts and technology have changed significantly.

Will the webinars be recorded again by any chance?


Thanks!

Reply With Quote
 
(login for full post details)
  #557 (permalink)
Hamburg, Germany
 
Experience: None
Platform: MetaTrader, Multicharts
Trading: FX
 
Posts: 38 since Sep 2016
Thanks: 18 given, 28 received

Hi FT71,
You explained the role of M6E and other micro contracts as training vehicles.

Taking M6E as example, what are your typical trade duration (from flat to flat), number of trades in an average session, profit or loss per trade?

I assume there's a good reason you use M6E and not spot EURUSD - what is it?

Do you find volume information of M6E helpful? I used to think that even 6E volume is just a fraction of spot volume, the (M)6E price is "glued" to spot and the DOM isn't as helpful as in e.g. ES.

@All, please feel free to point me to a post or video "episode" where it's already answered.

Reply With Quote
 
(login for full post details)
  #558 (permalink)
CONSTANTINE/ALGERIA (DZ)
 
 
Posts: 45 since Aug 2015
Thanks: 142 given, 6 received

Hi FT71,

How you made to know how much tick you earn, how do you calculate? Because every day and differ how you adjust according to the day? And the market, what are the parameters to know that a day take 20 or 30 tick and normal and that day take 5 or 10 tick and maximum

Reply With Quote
 
(login for full post details)
  #559 (permalink)
Chicago, IL, USA
 
Experience: Advanced
Platform: CT Bookmap, IRT
Broker: EdgeClear.com using Rithmic/IQFeed
Trading: ES, CL, RTY
 
FuturesTrader71's Avatar
 
Posts: 306 since Feb 2012
Thanks: 122 given, 1,145 received

Hi everyone,

I haven't been keeping up with this thread. For that, I apologize. Things have been a bit off the hook lately.

I'm doing a webinar with FIO on Thursday and wanted to make sure that everyone knew about it. Here's where you can go to register for it (again, this is hosted by FIO):

The topic: How do I know Iím on the right track as a trader? << Click on this title to register

Date/Time: Thursday, August 2nd @ 4:30 PM Eastern US time

Details:


Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Follow me on Twitter Reply With Quote
The following 7 users say Thank You to FuturesTrader71 for this post:
 
(login for full post details)
  #560 (permalink)
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,062 since Sep 2015
Thanks: 12,638 given, 11,373 received


@FuturesTrader71

Hi Morad

I've just watched the excellent 'How do I know Iím on the right track as a trader?' webinar, and I wanted to run something by you.

In the webinar, someone asks "how many sample sizes do you need in order to determine a statistical edge?".

You mention a sample size of 200 or higher to have a reasonable degree of confidence in the figures.


As part of my trading development stage, just recently I put together a model that, using fixed parameters such as win% and a set risk/reward target, calculate various best/worst case scenarios for several sample sizes.

It emerged that, because of the randomness associated with probability, even with a sample size of 200 there can be a 10% deviation between the expected win% and the results. In PnL terms the difference between best and worst case can be significant.

The model is avalable in this post.


What I am wondering is, whether the sample size, in order to be a robust predictor of results, needs to also be correlated with the win% and the Risk/Reward?

In other words, is the answer of what sample size to use: "it depends on the risk parameters one is working with" ?



I hope my question makes sense.

Thank you

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


futures io Trading Community Trading Reviews and Vendors > AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything


June 13, 2020


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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