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)
@faithdefender I thought it would be beneficial to show you the other side of the coin with the pullback method of trading. As mentioned above I was trying to get long on the daily MCL as the bull flag had formed. I insisted on a trigger for entry at $87.54 which never came. One benefit to this method and waiting for confirmation of the directional move out of the channel, is if the trade doesn't get triggered so there is no harm done. You can see the bull flag or pullback failed and our account remains intact.
It is really nice of you to post these examples. I will certainly study them.
To your last post, I agree that SIM has value, but what I was trying to say is if I dont understand how the indicators work, how can I understand how to test them in SIM? (Does that make any sense?)
I was looking at the indicator by ARPS because it displays bull and bear flags. (its not cheap plus I wish I could know before I buy that it helps) I just dont have a good eye for identifying them. It is a blessing for those who do see them because it just doesnt come naturally for some of us. I have a friend that also trades and he says after ten years he still misses them.
Heey, I've been using Remek software for a while and really happy with the results/the algo automation. As Ninja offers mostly futures, I'd be much more comfortable if I could use a bigger a capital (bigger proportion of my capital is invested for long-term).
I've just found these prop trading firms. I think the risk management rules are really difficult at most of them. That's why I was curious if is there any Remek user who has experience with prop firms?
Yes, I have had a lot of experience with Apex, both funded and unfunded. The live trailing drawdown for many traders is one big gotcha, not to mention overleveraging and blowing an account among other things.
I am working on a system with Remek that is a day trader specifically designed to prop trading. I am not saying i have it right yet, but the unfunded account is currently profitable. I know this is possible via the Remek! system, you have to figure out a time frame (I'm using a 15M on MNQ), and your risk settings, contract sizing, and parabolic stop configurations to make it work for you. Each trader is different. What works for me may be awful for you. I would say to keep at it, look at the NQ/MNQ, backtest, walk forward test, SIM test. I have very LIGHTLY optimized a couple settings using WFO, seems to be holding up fine. Search for my Remek! Trading Systems Journal in the Elite section, I am posting trades in there. However, I will only be posting the weekly results going forward, showing the entire week rather than trade by trade. Hope this helps!