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Re-watched the webinar, and looks like what I need is a way to export data from NT to excel, currently trying to figure this out, what program are you using in the webinar?
Thanks FT71 for the training seminar. That was very helpful in understanding the technical aspects of trades.
I am duplicating your process with CL using Tradestation and figuring out things as I go. My TS feed doesn't have continuous Pit hours (at least that I can find), or a single data stream, so getting a large data sample may be a bit more challenging that simply selecting the Daily RTY like you did.
What considerations should I keep in mind in working to understand it when I use the 24 hour data? How would you handle getting the data sample of information? I guess I could put it together piece by piece, but I wanted to see what you thought.
Not sure how to start a New post so maybe I can ask here . Are there any good , reliable trading rooms out there ?
Call out trades on any of the E mini futures ? Or maybe a good webinar that shows good setups to trade ?
Thanks in advance.
Hi FT71,
You explained the role of M6E and other micro contracts as training vehicles.
Taking M6E as example, what are your typical trade duration (from flat to flat), number of trades in an average session, profit or loss per trade?
I assume there's a good reason you use M6E and not spot EURUSD - what is it?
Do you find volume information of M6E helpful? I used to think that even 6E volume is just a fraction of spot volume, the (M)6E price is "glued" to spot and the DOM isn't as helpful as in e.g. ES.
@All, please feel free to point me to a post or video "episode" where it's already answered.
How you made to know how much tick you earn, how do you calculate? Because every day and differ how you adjust according to the day? And the market, what are the parameters to know that a day take 20 or 30 tick and normal and that day take 5 or 10 tick and maximum
I haven't been keeping up with this thread. For that, I apologize. Things have been a bit off the hook lately.
I'm doing a webinar with FIO on Thursday and wanted to make sure that everyone knew about it. Here's where you can go to register for it (again, this is hosted by FIO):
I've just watched the excellent 'How do I know I’m on the right track as a trader?' webinar, and I wanted to run something by you.
In the webinar, someone asks "how many sample sizes do you need in order to determine a statistical edge?".
You mention a sample size of 200 or higher to have a reasonable degree of confidence in the figures.
As part of my trading development stage, just recently I put together a model that, using fixed parameters such as win% and a set risk/reward target, calculate various best/worst case scenarios for several sample sizes.
It emerged that, because of the randomness associated with probability, even with a sample size of 200 there can be a 10% deviation between the expected win% and the results. In PnL terms the difference between best and worst case can be significant.
What I am wondering is, whether the sample size, in order to be a robust predictor of results, needs to also be correlated with the win% and the Risk/Reward?
In other words, is the answer of what sample size to use: "it depends on the risk parameters one is working with" ?