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


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

  #551 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
Thanks Given: 174
Thanks Received: 1,513


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
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  #552 (permalink)
 bg90 
jersey city nj
 
Experience: Intermediate
Platform: nt
Trading: es
Posts: 3 since Oct 2017
Thanks Given: 0
Thanks Received: 0


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)
 jamesw 
Richmond, VA
 
Experience: Intermediate
Platform: TradeStation, thinkorswim
Trading: Crude CL, Gold GC, Copper HG
Posts: 5 since Jun 2017
Thanks Given: 34
Thanks Received: 2


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)
 Breakout 
California
 
Experience: Intermediate
Platform: Ninja
Broker: Amp
Trading: guitar
Posts: 46 since Apr 2010
Thanks Given: 0
Thanks Received: 9

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)
 sparks01 
Southampton + Dorset/England
 
Experience: Beginner
Platform: ninjatrader
Broker: Ninjatrader, Continuum
Trading: CL
Posts: 31 since Jan 2015
Thanks Given: 17
Thanks Received: 7

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)
whats1thingnow
Whistler, BC
 
Posts: 34 since Dec 2015
Thanks Given: 25
Thanks Received: 9

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)
 webradio 
Hamburg, Germany
 
Experience: None
Platform: MetaTrader, Multicharts
Trading: FX
Posts: 44 since Sep 2016
Thanks Given: 21
Thanks Received: 34

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)
k7ler
CONSTANTINE/ALGERIA (DZ)
 
Posts: 50 since Aug 2015
Thanks Given: 146
Thanks Received: 7

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)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
Thanks Given: 174
Thanks Received: 1,513

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 I’m 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
  #560 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,944 since Sep 2015
Thanks Given: 15,446
Thanks Received: 15,291


@FuturesTrader71

Hi Morad

I've just watched the excellent 'How do I know I’m 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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