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

  #481 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
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Posts: 679 since Jan 2012
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@Stillgreen

IIRC FT71 said rotations on /CL using a chart one minute or less is 15 ticks (ie Zig Zag)

Perhaps @FuturesTrader71 will clarify my recollection

-William

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  #482 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
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Stillgreen View Post
I have an ES chart set up according to @FuturesTrader71 guidelines :
2t Renko with Zig Zag based on Harmonic Rotations ( short timeframe- eg 5 min)

In ES :
the zig zag line keeps forming until there is a pullback of 6t.
A normal rotation is around 3pts.
A bigger than normal rotation is around 5pts.

My question to anyone familiar with his current stats is : What are the equivalent numbers in CL ?

Thank you.

Hi Stillgreen,

For Crude Oil using the 30 most recent PIT only sessions with 1 min time frame and reversals built on 5 bar peaks, we get a typical rotation extremes of 20 ticks for up and down. Typical meaning that this represents 1 standard deviation or 68.27% of the sample set.

If you move up to 5 min bars with the same parameters, the typical rotation increases to 43 ticks. The most common rotation up on CL is 0.33 up and 0.22 down on that time frame. On 5 min bars, I would consider 63 ticks upu and 75 ticks down to be extreme and is likely to only happen 4.5% of the time.

Is that what you are looking for?

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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  #483 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
FuturesTrader71's Avatar
 
Posts: 233 since Feb 2012
Thanks: 56 given, 756 received

Webinar - Trading Techniques


I wanted to alert everyone in the group that I will be on with Futures.io on Tuesday at 4:30 PM Eastern US time. Click here to join

See you there!

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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  #484 (permalink)
Elite Member
Oregon
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Stillgreen's Avatar
 
Posts: 186 since May 2014
Thanks: 331 given, 239 received


FuturesTrader71 View Post
Hi Stillgreen,

For Crude Oil using the 30 most recent PIT only sessions with 1 min time frame and reversals built on 5 bar peaks, we get a typical rotation extremes of 20 ticks for up and down. Typical meaning that this represents 1 standard deviation or 68.27% of the sample set.

If you move up to 5 min bars with the same parameters, the typical rotation increases to 43 ticks. The most common rotation up on CL is 0.33 up and 0.22 down on that time frame. On 5 min bars, I would consider 63 ticks upu and 75 ticks down to be extreme and is likely to only happen 4.5% of the time.

Is that what you are looking for?

Hi FT71 : on the 1 minute time frame 20 ticks rotations are normal, but how many ticks pullback do you allow on a zigzag chart before a zig reverses to a zag ? Also what is considered an extreme rotation on the 1 minute chart ?
Thank you for this information, and for all your endeavors. You are one of the most inspiring presences in trading education.

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  #485 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
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Posts: 233 since Feb 2012
Thanks: 56 given, 756 received


Stillgreen View Post
Hi FT71 : on the 1 minute time frame 20 ticks rotations are normal, but how many ticks pullback do you allow on a zigzag chart before a zig reverses to a zag ? Also what is considered an extreme rotation on the 1 minute chart ?
Thank you for this information, and for all your endeavors. You are one of the most inspiring presences in trading education.

on a 1 min time frame using 252 sessions (1 year), the ZigZag pullback setting is 11 ticks. Does that answer your question?

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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  #486 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
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Posts: 233 since Feb 2012
Thanks: 56 given, 756 received

Convergence Event: Automated Trading

Traders,

I'm hosting a Convergence Event on Wednesday, June 15th @ 4:30 PM Eastern to pick the brains of 2 automated traders who are running a fund in Connecticut. One has a heavy institutional trading background and the other was a head of software development at Microsoft.

This is expected to be a rare view into the process of creating a fully algorithmic trading strategy. I will be interviewing them to learn about their history, process, pitfalls, success and what's next.

You can join it by registering here

Let me know if you have questions you want me to ask.

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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  #487 (permalink)
Trading Apprentice
Utrecht, Netherlands
 
Futures Experience: Intermediate
Platform: TOS, eSignal
Favorite Futures: Crude Futures
 
Posts: 20 since Jun 2016
Thanks: 1 given, 4 received


FuturesTrader71 View Post
Traders,

I'm hosting a Convergence Event on Wednesday, June 15th @ 4:30 PM Eastern to pick the brains of 2 automated traders who are running a fund in Connecticut. One has a heavy institutional trading background and the other was a head of software development at Microsoft.

This is expected to be a rare view into the process of creating a fully algorithmic trading strategy. I will be interviewing them to learn about their history, process, pitfalls, success and what's next.

You can join it by registering here

Let me know if you have questions you want me to ask.

Looking forward to it.

Can I ask if these guys are from Red Ivy, the people on your site that sell automated trading systems?

If so, will they present any actual customer account results? If not, is there any chance you can nudge them to do that?

Are they able to take customers from outside the US?

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  #488 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
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Posts: 233 since Feb 2012
Thanks: 56 given, 756 received


UpsideDown View Post
Looking forward to it.

Can I ask if these guys are from Red Ivy, the people on your site that sell automated trading systems?

If so, will they present any actual customer account results? If not, is there any chance you can nudge them to do that?

Are they able to take customers from outside the US?


LOL...well you have been snooping around. Very sharp!

To answer your question, I have to start by stating that trading futures is not suitable for all investors and past performance is not indicative of future results (sorry...regs are regs).

Yes, they are the Red Ivy guys. I wouldn't bring anyone onto a webinar whom I don't believe is legit and do as they say. So it is imperative that I see what they are doing first and I have.

The system on the Stage 5 site is exclusive to S5 and has undergone a trade-by-trade review by me. In its current form, the only customer who traded it was S5 itself on its house account and this only started in early May. Watching the system trade triggered the idea that I should have them on to talk about how they got there. They don't touch it. It does everything on its own.

So with regards to your questions, the only account that can be discussed is S5's house account. Anthony from S5 will be on to ask questions about the customer side of things; I suggest you ask him about how that account is doing.

Yes, S5 takes customers from outside the US all the time. There are certain countries/jurisdictions that can't be opened, but those are very limited. The Red Ivy Advisors CTA itself can take customers who are not restricted by US regulations as well. You can ask them about the CTA if you like.

Ping me during the webinar with your Futures.io name and I will take your question to them.

Cheers!

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

Last edited by FuturesTrader71; June 14th, 2016 at 12:52 PM.
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  #489 (permalink)
Trading Apprentice
Utrecht, Netherlands
 
Futures Experience: Intermediate
Platform: TOS, eSignal
Favorite Futures: Crude Futures
 
Posts: 20 since Jun 2016
Thanks: 1 given, 4 received

I watched the webinar and to be honest, I thought I'd ventured into another dimension.

You are selling a system that is "only available to 300 people" (marketing:creating scarcity). Yet at the same time, you say it's 'against regulations' to show real results.

Did someone kidnap the real FT71 and put DayTrade2Win in his place?

We all know that with real results these guys could attract serious fund money but instead, they claim to be looking for 300 retail traders. Are they a registered charity or something?

How on earth is it even compliant to be pushing this nonsense?

This is Pure fairy dust. I am very disappointed and I have been following you for a long time.

You even posted a plug to it here in an AMA, although no-one asked you a question. Maybe this is PMA. Plug Me Anytime. When you first posted, you were posting as if it was a session with a couple of automated traders, when in fact it was a couple of guys trying to sell stuff. You only owned up when I asked if it was the guys from your site.

Prove it works FT71. Also, tell us why they want to lease it to retail traders and not a bank for exponentially more $$$$.

The bottom line is people will lease this system and lose money. The lessors of the system will still make money. The broker will still make money.

This is everything that is wrong in the world of trading.

Vaarwel. Unsubscribed from everything you do.

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  #490 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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