Well, I'm a trading for 3 years now on ES, just started out with tradestation and I've lost mutch money on the markets so I almost give up, but then I found EOTPro trading room witch I think is great and started up again "now on SIM" and on Ninja. But because I have my normal job it's difficult for me to trade, so I started to make an automated strategy on Ninja to trade the EOTPro system that Bill is using in the trading room.
I've been seeing talking very well about EOTPro indicators and the trading room here, so I think I can contribute with some ideas of this system and how it works. The first initial version I made simply uses the EOTPro indicators to enter and exit the market automatically.
I'm constantly testing it on market replay for this year 2009 and fixing issues and things I find by the way. The system is based on what Bill uses in the room.
I know that is extremely difficult to make a profitable short term system because the markets are always changing but since Bill uses almost a mechanical system to enter and exit the trades i think its possible to do this.
You can check the AMP webinar about EOTPro that Big Mike recorded here. So I'm going to post some screens of it and some stats of course. I don't know if it's somewhat profitable or not, for July I have $3475 profit with 3 contracts. Thanks for everything and for your good posts that helped me doing this. Thanks again!!
The following 4 users say Thank You to pedroxp for this post:
Thanks pedroxp for your post. I too tried their trial, it was ok, nothing special I found. I've noticed you dont have the vol splitter? Any reason why you dont have it? That was their big selling point.
And to be honest, I never really like the volumn splitter, sont know if it acaully does what its supposed to do?!
Thank you for this pedroxp!
it would be great if you post some rules the trades are based on + also a bit info to the MM / RM of the shown trades on the pics :
Targets / Trails / Stoploss values - to have a better idea of what you are talking about.
Well, the system is the same Bills uses, but it needs improvements and I'm trying to do that, it's dificult. For January things are much worse, I have a loss of $400 but i didn't finish yet.
The system is quite easy. Trading hours: between 9:35 ES to 15:30 with a break in lunch time. The system ignores the first chop at opening so just starts looking at it at 9:50.
It enters at Bid for Longs and Ask for Shorts at the arrows signaled, goes to 4 ticks with 3 contracts and trails the last contract with an ATM. It ignores the arrows on lunch time and ignores on chop after 9:50 EST. The Stops are, 6 ticks normally, but exits when the paint bar changes color.
bahhh January is very bad compared to July, so there's much to do. I thought to see all the chop every time but the first arrow of the day will be always ignored. Its very difficult, nothing substitutes the manual trades.