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here is one that happened today .. market was going sideways so thought I would try 6 contracts and go for a 6-tick scalp ..
the entry price was 15823.125
high of the bar when trade closed was 15829.25
.. 24 ticks above my entry
.. so I should have had a profitable trade ..
but NOPE .. instead of a profitable trade the fill was at 15794.666 resulting in a $3400 loss ..
this is not the result of bad data feed .. the image shows where the price was ranging AND the marker for where the trade was filled .. the chart image clearly shows the location of the fill marker is nowhere near where the price was ranging at the time of the fill ..
also, the marker is almost 114 ticks below the entry price .. which is 40 ticks beyond my stop loss .. so my stop loss wasn't even honored
another EA account blew up .. through no fault of mine
BTW .. the $2800 loss mentioned on the image is misleading .. I was up $640 for the day when this happened .. the trade was $3400 loss .. the net for the day was $2800 loss ..
this has been happening on a regular basis recently .. I would be better off driving for UBER ..
23 07 28 Bad Fill
.. you don't have to be the first one at the party .. just be part of the party ..
Oversized three times, friday, monday and thursday. I need to get better at taking Ls. I suck at it. I cant walk away. This has bitten me before and I know it will again if I don't find a solution. So, yeah those three days, I turned off GA, not the best thing in my interest .... I will continue to do more sim when I break rules, take breaks throughout August. I wont be trading much in August, but if I do, I will post.
Stay strong, I hope ya'll had a solid month of July!
Please explain "EA" account. Is this a prop firm/funding company evaluation? Which one, pray tell? The reason I ask is I have had similar issues with prop firm accounts in the past where the data lagged the charts considerably. I found that my VPS was not keeping up with basic needs, so I fired them and went to another one. No issues with the new VPS. Also, evaluation sim data feeds from Rithmic and Tradovate are notoriously sketchy and overall hot garbage to deal with - bad fills, lagging data, multiple entries where only one click was made, hung/missing/extra orders, you name it.
Also, I would not go for just 6 ticks on NQ. My buddy gave away nearly $12,000 from his brokerage account trying to trade for just 6 ticks. It worked until it didn't, and when it didn't work it took everything.
Hi @OttoBlink .. you are correct .. EA is "Evaluation Account" .. this particular one is with APEX ..
the chart is displaying RENKO bars .. using 21 ticks per bar .. so even if the data had lagged there would have to have been 5-6 RENKO bars in a downward direction to reach the 113-Tick lower price where the original order was filled for the loss .. and yes, I have seen instances where several RENKO bars in one direction had the same bar time .. so I know it does happen .. but not in this instance .. there are neither RENKO bars nor wicks near the filled price ..
the marker where the trade was closed indicates the trade was closed outside of the price range of the 21 Tick RENKO bar BUT if we delve into it, looking at the close time of the previous RENKO bar and the close time of the current RENKO bar and then looking at the Order ledger we can see the closing trade was placed during the time of the RENKO bar where it should have closed for a profit ..
my strategy {buttons} has the Account Equity Guard created by @bcomas running in the background .. the Account Equity Guard has been set to a $500 per day max loss .. so this trade ignored the stop loss set in the trade order AND ignored the daily max loss built into the Account Equity Guard ..
so, from my perspective .. the profit target was reached but the trade was not closed for a profit .. the stop loss set in the trade order was ignored AND the Account Equity Guard was ignored .. so instead of having a profitable trade .. or a $500 max loss for the day .. it was a $3400 loss
as far as using a 6-tick profit target .. normally I would agree with you .. but one of the first strategies Darrel Martin (founder of APEX) teaches is a 10-tick trade .. with the caveat of taking less if that seems to be all the market is giving .. if your friend lost $12,000 because his trade did not reach 6-Tick profit then I would say he did not have a very good stop strategy // account protection in place .. please direct him to @bcomas' Account Equity Guard if he is using NT8 .. I it can be found here ..
Coded by bcomas October 2020. Email me for improvements or suggestions
Equity guardian. When the account drops or reach the targets the strategy close all the positions and disable ALL the strategies working.
Connection lost email advise feature. …
have a great weekend
.. you don't have to be the first one at the party .. just be part of the party ..
another BAD FILL .. one more in a series of BAD FILLS using the @NinjaTrader platform && Rithmic data feed ..
instead of getting a profitable trade the fill
.. ignored the $$ draw down limit set in Account Equity Guard
.. ignored daily $$ loss limit set in Account Equity Guard
.. jumped over the 105 tick StopLoss set in the trade parameters
AND the fill ignored the daily $$ loss limit set in Rithmic
instead, the fill jumped all the way to 251 ticks away from entry for a $1255 per contract loss
luckily I learned from last week and was trading SIM this morning ..
I'm not trading live again until the BAD FILL issue gets resolved ..
23 07 31 Bad Fill.fw
.. you don't have to be the first one at the party .. just be part of the party ..
