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That is a really loaded question. Indicators are very personal, need to be paired with the right market, and the parameters need to be corrected for the type of market you are in.
If we had one indicator that could give you 1 tick per day in any market we would all be infinitely wealthy. It is not that there is a perfect indicator out there....is how you use the indicators you have. What works for me may not work for you.
if your a beginner I would recommend getting a charting program with data and start playing with different indicators and markets till you find something you can work with. Just go down the list of canned indicators in the software to start with.
Whatever you do thoroughly test it in simulation before putting up real money, even that will be hard to do since simulated trading has a hard time with accurately simulating fills. With such tight targets any simulation errors will kill the results.
In my opinion you are destined for failure. It is a common "dream" of new traders to think all they need to do is find an indicator, take one trade a day for 1 or 2 ticks and success will follow.
Unfortunately it does not work that way. Two ticks is just random noise, there is no indicator that will reliably predict a 2 tick move. Add commissions to that and you will get killed.
Maybe if you follow the market tick by tick for 5 years and learn market structure to the point of it being intuition you may have a shot at making it work, even that would be hard. Two tick moves are the domain of high speed algos co-located at the exchange not retail traders. There are a lot easier ways to trade than 2 tick scalps.
I am not trying to be a dick to shoot you down, just telling you how it is.
I have to agree with Seahn. I have programed many many scalping systems and back testing is almost impossible (or manual). very few programs can get fills correct that time because they are not designed to do it.
You can make money scalping (I am a scalper), but not with indicators.....you are almost entirely looking at the book (DOM and T&S). It takes 200% concentration 200% of the time. In the end if you do take a successful scalp you are almost always taking a tinny piece of a much larger trend that you should be riding for a big win.
Again not saying you can not do it, but you need experience and the right personality to do it....there are some crazy good scalpers out there that make a lot of money, but it is not suited for everyone. As Seahn said it is not as easy at it looks.
I will give you an example. if your trading ES or ZN etc with a lot of volume then your spread is 1 tick....so as soon as you get in your position you have lost 1 tick...then you wait and the markt move 2 tics in your direction...so you are only up 1 tick...it moves one more tick and is sitting at your limit order....but there are 2000 contracts in front of you. so your 2 ticks is really more like 4 ticks. So if you take this trade 5 times and win 5 times you are up 10 ticks with a 100% success rate. the next trade by chance goes against you and you lose 5 ticks. so you are now at 90% success and lost half your wins for the day. Once you exit for a loss the market will bounce quickly and you would have made your 2 ticks if you only waited 2 more seconds.....mentally your drained and upset and you start taking bad trades or loosening up your risk management and the cycle continues. Not trying to discourage you either, but scalping is one of the harder trading techniques....you will need to know your software inside and out and REALLY know your market.
There's no such thing as scalping 2 ticks with an indicator. By the time your indicator reports, the market has already moved - that's why indicators are considered "late".
If you want to be a good scalper, two recommendations:
IMO chasing 2 ticks with 5 contracts smells like a losing strategy. Losses and fees would pile up quick. Additionally, to be successful at scalping you will have to make 10 to 20 trades a day. That's hard to implement without automation.
Why not trying to get 5 ticks with 2 contracts? I am testing such a strategy on the 6E.
Here is a grab of my charts w/ indicators.
I use:
-uni renko bar type
-2 macd bb's
-ribbon trader
-super trend
Green means long scalp and red means short. naturally I filter out low probability trades and stop trading when the market consolidates.
Find the right settings and parameters and keep testing until you find the right settings and parameters that fit your trading style and expectations.
i do not think there is any thing like that...but if there is ,it is a algo reading the order book . your not going to out execute a order flow blot. look a xtrader ,or bookmap for help. you might be able to do that on bonds. they trade slow. hope it helps