Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Sure given me a few migraines over the years no doubt , just the smallest error in syntax and it either wont work or does what it shouldnt which is what i have atm , because i have different stoploss parameters between shorts and longs i think its getting confused . I will just separate into 2 distinct algos till i find a solution for the error . If you can do a spreadsheet in excel you can code , its not really that different tbh ..
Im still on vacation from the holidays, so I been able to scalp the market a bit.
Were still bouncing around the weekly R1 level. So I'm cautious till the market wants to make a move towards the monthly r1 or down to the weekly pivot point.
I have been watching the spot chart as well. It tends to move before the M6E does. Thats probably because of the fractional pips.
Top blue line is the previous high. The market made a very weak attempt to breakout. During the pullback I took a sell on weakness knowing the current hour of after 1pm probably didnt have the momentum to break the top. I exited this trade when support held.
Second trade was a sell at the down sloped trendline. I did not want to exit where I exited. I was manually entering my exit limit order and put 1.212 instead of 1.2112. So it auto executed me out of the trade. Im used to dragging my profit orders on my charts. Im not used to manually typing them in.
nice , its always wise to look at multi time frames no doubt . My best expectancy algos are all daily TF . Cant get above 80% WR on intra stuff . Almost all my intra algo work transfers straight across to daily seamlessly
Making decisions binary gives clarity . The decisions are made once the quantitative bit is done , no need to think at all in the heat of battle , no cognitive biases , dissonance . Its black and white , yes or no . There are no maybes , there are no grey areas . Trust the process , trading is 75% waiting , a binary approach makes that wait end decisively , no hesitation
Lol damn i forgot to add the chart , got sidetracked for a minute
Thats really cool. You have given me some perspective to revision to the mean trading. The indicators that your using, are they rather public to obtain for various charting platforms?
Woke up at 3 am to analyze the charts, EUR CPI news out at 5am and didn't see an opportunity. Caught some more zzzz.......
Later entered long at the 127% Fib extension where it converged with the Demand Area. There is almost always a small bounce at the 127% ext and I was looking for 14 ticks with a 6 tick risk. Got stopped out on the first contract. Second contract gave me 4 ticks.
Wasn't in the correct mindset to trade, minus 2 ticks for the day. Will open up charts later for any possible setups, JP.
2 days live algo and net 57.6 which is not too shabby considering there are errors . Will split into 2 algos , one shorts and 1 for longs over weekend and switch over once open trade is closed .
Ok market closed so update weeks net . Returning levels around what backtesting suggested
Just checked the results compared to the original objective , error free , of the algo and it would be net 145 pips , hopefully get that rectified over weekend
Price finally dropping from the weekly R1 level. I have overall target of the weekly pivot point @1.2019 ish.
Entry. Wide bar gap up, then price did a wide bar gap down. Sign of a pivot and I entered @1.2094 on the pullback. Price imdiately dropped and I felt excited. That was short lived as price retraced and tested my entry zone.
I took off 2 of 3 Contracts and will be holding 1 contract over the weekend. The 2 contracts gave me $30.00 or 27.75 after commission.
Brings me to +12.00 net profit overall.
I have really enjoyed trading the futures contract. Seeing my limit orders trigger at the prices without the spread interfering is really a first for me. Spot brokers usually make price go past your entry slightly before filling you.
Starting Monday I have to go-to work full time. Very curious how I will trade as its been very nice to actually be home for the major market hours.