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Early Report this morning as I did extremely well (in my mind) LOL!
Have captured my trade recap on the Trade Log.
Goals Accomplished:
1. Preserve Precious Capital (No 1 Priority) - I thanked the moderator on a daily recap that he reminded the subscribers regularly (yesterday again) that one should not let a winning trade become a losing one. I dreamed of his audio recap this morning and it stays with me today when I traded.
2. Trade Management - I did only 1 2-contract trade (first trade). The market has dropped over 100 points overnight and I feel more comfortable on doing 1-contract trades.
3. Readiness for a Potential Entry: Am glad that the audio alert has worked for me, ie alerting me to get ready for a Long or Short. I have a second or 2 to check most indicators before entry (if I decided to go with it).
Thank you for staying with me in my development. Happy & Successful Trading Always!
I was too excited with strategy development and stayed up after 1:00 am. Not functioning this morning so far (not sure what I'm doing) + Ninja has kicked me out 3 times already.
I have my newly developed strategies (based on the scalping set-up) running on my backup computer and will take a day off from sim trading.
Take care and enjoy a Relaxing weekend. (For me, I would explore ways to improve my new babies, ie smaller MM and earlier exit etc to increase the profitable %.)
Spent Fri and the weekend on developing/polishing more strategies. Enclosed is the latest version and I'm quite happy with it (improved from 55% to 66% profitable %). Have it + 2 other versions running this morning. Notice I need to work on "choppiness" and B/E. I think I have the B/E syntax and not sure how to have it triggered. If it's on, I believe it will realize some gains for trades that do not move far enough to hit the profit target. Still working ..
Hoping to capture most of the scalping set-up on a strategy. It will do a better job than me. When I watched my strategies running on live data this morning, the great signals got filled at the next bar open (which I seldom did because of the bar closing delay etc) and ran hitting the 25-tick target LOL!
Will start developing a strategy on the Trend set-up once I've the scalping one in good order.
For this thread, I will report my strategy development/backtesting progress and not sim trade results anymore.
Items on hand:
1. Learn how to minimize the choppiness impact on the strategy performance
2. Learn how to add a B/E condition to preserve precious capital + realize some baby gains
3. Find out how to get the required historical data for backtesting (so that I can test the March contract for a year or so) (Tried merge historical data, got frozen for over an hour .. sigh ..)
I am a super-mega newbie to strategy (never imagined before that I can create a simple one). Welcome any ideas and suggestions simple for me to understand. Oh, I've been using Ninja Wizard to create my strategies - it gave me ideas on the syntax since I do not know the language. Lots to learn and I enjoy the challenge so far.
I've been sim-trading The Wizard's set-up for almost 3 months. Great signals when the indicators align, eg all blue (for long) and all red (for short).
With The Wizard's endorsement, I started creating a simple strategy mostly based on The …
After giving birth to another 20 revised strategies for the past 2 days, I still cannot make the B/E filters get triggered! Maybe the new thread will attract some members to work with me. I will continue exploring and doing my very best!
My heartfelt thanks again for your support/encouragement.
Sorry for a belated response. I'm using the one with Vertical line per enclosed.
Note to Big Mike: I know you want the goodies to be centralized in the Download section. d9 has quite a few versions and it's very challenging to find the one in question. Hope you will forgive me!