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