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

  #551 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Bookmap,S5 Trader, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, CL, RTY, FDAX, NQ, Crypto
 
FuturesTrader71's Avatar
 
Posts: 240 since Feb 2012
Thanks: 74 given, 800 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, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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
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  #552 (permalink)
Elite Member
jersey city nj
 
Futures Experience: Intermediate
Platform: nt
Favorite Futures: 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?

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  #553 (permalink)
Elite Member
Richmond, VA
 
Futures Experience: Intermediate
Platform: TradeStation, thinkorswim
Favorite Futures: Crude CL, Gold GC, Copper HG
 
Posts: 5 since Jun 2017
Thanks: 34 given, 2 received

RTH on CL?


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

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  #554 (permalink)
Elite Member
California
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Amp
Favorite Futures: guitar
 
Posts: 46 since Apr 2010
Thanks: 0 given, 7 received

Reliable Trading Room

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.

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  #555 (permalink)
Elite Member
Southampton + Dorset/England
 
Futures Experience: Beginner
Platform: ninjatrader
Broker/Data: Ninjatrader, Continuum
Favorite Futures: CL
 
Posts: 31 since Jan 2015
Thanks: 17 given, 7 received

Euro Stoxx

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

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  #556 (permalink)
Trading Apprentice
Vancouver, BC
 
Futures Experience: Intermediate
Platform: TOS, Sierra
Favorite Futures: ES, YM
 
Posts: 20 since Dec 2015
Thanks: 11 given, 6 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!

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  #557 (permalink)
Elite Member
Hamburg, Germany
 
Futures Experience: None
Platform: MetaTrader, Multicharts
Favorite Futures: FX
 
Posts: 33 since Sep 2016
Thanks: 14 given, 20 received

M6E, typical trade duration, num of trades, P/L per trade

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.

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  #558 (permalink)
Trading Apprentice
CONSTANTINE/ALGERIA (DZ)
 
Futures Experience: Advanced
Platform: ninjaTRADER ,
Broker/Data: RITHMIC,
Favorite Futures: CL,FGBL,FXSE,FDAX,YM,GC
 
k7ler's Avatar
 
Posts: 45 since Aug 2015
Thanks: 126 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

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  #559 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Bookmap,S5 Trader, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, CL, RTY, FDAX, NQ, Crypto
 
FuturesTrader71's Avatar
 
Posts: 240 since Feb 2012
Thanks: 74 given, 800 received

Webinar on Thursday, Aug 2 @ 4:30 PM EDT

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:

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

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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
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The following 7 users say Thank You to FuturesTrader71 for this post:
 
  #560 (permalink)
Super Moderator
London UK
 
Futures Experience: Beginner
Platform: CQG
Broker/Data: S5
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,749 since Sep 2015
Thanks: 8,733 given, 6,833 received

Statistical edge and sample sizing


@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

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