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In order to reduce risk I never enter 2 trades contemporary with different instruments, in this case I was in with 6E and a Volume allarm was playing on my 5 min CL chart. The alert was repeated for 4 bars, it is to me a clear sign to stay out for counter trends. If I was in the trade I would have probably reversed, CL did 200 pips in less than 40 minutes.
The trade with 6E, 5 contracts, was closed with +856USD
Today was my 5th day of trading my cum profit is over 5000 USD which is also my money management stop. Assuming, the method keeps such performance, with the actual stats, it would take 5 days to recover my first management stop. This is of course a worse case scenario, the target is to cumulate more profit and build a confort zone.
NT offers several merging methods, all my instruments are MergeBackAdjusted, a wrong adjustement could distort some indicators' outputs. For a better and detailed understanding on the subject please refer to this thread post # 3
My advance apologies if this has been covered elsewhere, but how does one create a continuous commodity chart in NT7 with Zenfire? I understand that this is 'simulated' or whatever the terminology Ninja uses. They state it's one of their …