NexusFi: Find Your Edge


Home Menu

 





Trade executions outside candle range.


Discussion in Commodities

Updated
    1. trending_up 1,842 views
    2. thumb_up 3 thanks given
    3. group 0 followers
    1. forum 2 posts
    2. attach_file 1 attachments




 
Search this Thread

Trade executions outside candle range.

  #1 (permalink)
 
chipwitch's Avatar
 chipwitch 
Nashville, TN
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader, Continuum Data
Trading: MES for now... baby steps
Posts: 322 since Feb 2022
Thanks Given: 230
Thanks Received: 631

I was sim trading the oil inventory report. I used the "flatten everything" button in NT when I was showing a .42 cent profit on my position.

In the attached photo you can see the 10 range chart. NT shows the candle on which the position was closed, but it also indicates the price is about 50 cents below the candle low and many candles before and after. I know trading news can give strange results, but I clicked the button on that candle. I would expect any price after that to be valid but it never even got close to where the simulator priced at. I'm sure this is just a flaw in the simulator.

My question is, is this same thing possible in trading news in a real live account?

Attached Thumbnails
Click image for larger version

Name:	Clipboard02.jpg
Views:	94
Size:	17.5 KB
ID:	324089  
Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
Any futures traders in Texas looking to give back to tho …
Traders Hideout
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
My NQ Trading Journal
24 thanks
Diary of a simple price action trader
20 thanks
Just another trading journal: PA, Wyckoff & Trends
12 thanks
Coding money management strategies.
11 thanks
Daytrading ES & NQ
9 thanks
  #2 (permalink)
 
chipwitch's Avatar
 chipwitch 
Nashville, TN
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader, Continuum Data
Trading: MES for now... baby steps
Posts: 322 since Feb 2022
Thanks Given: 230
Thanks Received: 631

I just noticed price did indeed get back down there but it was about 40 seconds after. For about 20 seconds after I exited with a market order, there was virtually no liquidity. I suppose it is entirely possible it would have executed where shown. So this is why you don't trade news!

Started this thread Reply With Quote
  #3 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,964 since Sep 2015
Thanks Given: 15,470
Thanks Received: 15,352



chipwitch View Post

My question is, is this same thing possible in trading news in a real live account?


chipwitch View Post
I just noticed price did indeed get back down there but it was about 40 seconds after. For about 20 seconds after I exited with a market order, there was virtually no liquidity. I suppose it is entirely possible it would have executed where shown. So this is why you don't trade news!

The reason why liquidity disappears just before a scheduled market data release is that algos tend to react to the data release extremely quickly - way more quickly that any human finger could - so people don't want to be caught on the wrong side.

In general, sim and real-time data tend to produce very different results, especially on extremely fast data.

Regardless of how good or bad any trading platform is, I wouldn't trade CL data releases manually in the way you described. It's a crapshoot.

Reply With Quote




Last Updated on April 27, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts