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TraderEX-CME-ES-Tradovate-one to three tic target.


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TraderEX-CME-ES-Tradovate-one to three tic target.

  #1 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177

I have developed my algorithm for scalping the ES.

I used Tradovate for a reliable demo program that puts you in a realistic cue.

I continue to trade live with them for a nice commission deal.

Currently my target is 1-3 tics.

I trade momentum and enter manually.

The entry is mostly a market order.

I use a 2-4 trailing stop bracket upon entry.

Been at it 3.75 years and live for 1.75 years.

I post screen shots with every new post where applicable.

Thanks for viewing.

EX

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  #3 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


Trying to get some screenshots up from last week.

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  #4 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


TraderEX View Post
Trying to get some screenshots up from last week.

So, this was last Monday. I do not know why some trades are split up and just 5 in and 5 out?

Using 5 contracts now in live trading, with $3100 margin, the day gross trading returned roughly 13.5% return, less fees of course.

Just moved from 3 contracts per trade for 11 months prior.

My usual winning day would look like this without the $375.00. Replace that with $62.50 and that is way more accurate. Losing days are are lurking in the shadows.

Any suggestions for what to post besides screen shots?

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  #5 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177

My predictive model is currently 75% effective.

Today, as of the opening, I predict a trending day, not sideways. I also predict a close of 1.2 million contracts. This is important to my approach for entry.

EX

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  #6 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177

I started this week with $3500.00 margin. Last week I ended with $3680.90 and withdrew $180.90. I like round numbers for ease of crunching and have to squirrel away quarterly tax payments anyhow. The check from Dorman LLC is also very cool in it's looks. The water marks and all other counterfeit features are just ever changing for the better.

Today, I had 7 trades all at 5 contracts. The results split the results due to different milliseconds. Talk about the desire to report accurate fills.

Trading profit, or gross profit, was $437.50. So exchange fees for 35 round turns and $10 for the day, for the brokerage Tradovate. Net profit, was $337.20.

Tomorrows starting margin is $3837.70. (This is the largest margin I've had yet. I live week to week on the profits. I'm physically disabled and cannot work at all by the hour. I was a Stock broker, series 7, restauranteur and registered psychiatric nurse, and an unprofitable day trader before a profitable day(sclaper) trader.

Year to date profit is now $45,950.20

Total risk time in market; 23.68 minutes.

Largest unrealized loss; $750.00

Time spend during days; 4.75 Hours.

Mood description; Started fresh and ended that way.

Discretionary comments; I do not like to be in an active trade. the sidelines are for me. if I could make money sitting on the sidelines I certainly would, as would you all

Thank you for viewing.

EX

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  #7 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


TraderEX View Post
My predictive model is currently 75% effective.

Today, as of the opening, I predicted a trending day, not sideways. I also predict a close of 1.2 million contracts. This is important to my approach for entry.

EX

So we see a trending day. We also see 1.204128 as volume. So I was close. Really though, this is my tracking model. An edge is created by seeing into the future. Nothing is perfect but to have a prediction and actual results so close(1.2/1.204128)=99.66% or within 0.34%, you have an idea that your model has some merit.

Discretionary comments: My best part of the day is from 1045 to 1200 EST. Trending days are my best days. Seeing the 1050 through 1155 EST bars, they were sideways. That is when I suffered my only loss today. The sideways motion at this time which is basically non existent on a trending day allowed me to conclude that a top might of been reached so i opened up the bracket, increasing my stop loss and increasing my per trade risk. This paid off today. Won't say I was right in my thinking but will post a winner nonetheless and keep the money.

Recommendation: make a prediction part of your training and maintenance. the answer to your question may never arise but what if it does. Predictions leads to edges and that leads to CABBAGE and that leads to beautiful, unadulterated Rest peacefully!

Thanks for viewing-

EX.

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  #8 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011

Great job! So you are setting stop markets in advance for the entries? How much of your trading is discretionary vs. from the model?

It sounds like you are trading during the time when program buys tend to trigger. Those can be good for trending markets. Good continued luck.

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  #9 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


tpredictor View Post
Great job! So you are setting stop markets in advance for the entries? How much of your trading is discretionary vs. from the model?

It sounds like you are trading during the time when program buys tend to trigger. Those can be good for trending markets. Good continued luck.

I believe that program buying comment is correct. The only explanation i can offer It is my intention to grind and only use my model. i have overcome a gambling addiction and my next post will elaborate on that.

Appreciate the feedback and send the same good will back.

EX

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  #10 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


The following trades took place over two days.

On 10/02/2018, my brother called me before the open and wanted to go 4 wheel driving in North New Jersey. I planned to trade from 930 to 330 EST daily. I entered early, being ahead for the week. Just a little taste and if one lost, done.

The day went off without a hitch. Actually the results were superior as the actual time for all trades totaled less than 1 minute and $187.50 was the gross.

Now for the bad news. The day started as it does, right on schedule.

My third trade was entered erroneously as I have diabetic peripheral neuropathy and my hands shake. I trade manually and hover over the market button. The trade went way sour. I canceled the stop and entered "gambling mode". The rest is history. I bailed out of the problem but it creates another, deadly problem.

The behavior, which was grossly incorrect, was rewarded. This has happened in the past. Tells me that when my algo fails, EGO can bail me out. My ego is many things but a successful trader it is not. The gambling mode was in effect for the remaining trades.

I went to an AA meeting because I arrested my gambling addiction listening to how the alcoholics cured their alcohol disease. Just replace gambling with drinking and keep my mouth shut.

Now I am centered emotionally again ready for tomorrow.

The same model I use today, lost for 6 months. Had I not arrested the gambling addiction, I would have tossed a winning system that took over 10,000 hours to develop.

My shaky finger released the genie that I now know as gambling addiction. Once in that mode, rationale thinking was out the window. Through my experience, I ran to a 12 step meeting and restored myself to sanity using their methods.

Tomorrow's behavior will tell me who is trading. A scalper with precision or a reckless gambler. The reckless gambler is also a social misfit , too egocentric.
5 contracts per trade.

Thanks for reading.

EX

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Last Updated on December 20, 2018


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