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Trading for Income

  #31 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50

And the platinum trade...


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #32 (permalink)
 Tebford 
Colorado Springs, CO
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: NQ and ES futures
Frequency: Daily
Duration: Hours
Posts: 1 since Oct 2022
Thanks Given: 0
Thanks Received: 0


DaysOff View Post
As the title states...this trade journal chronicles my efforts at using a futures account with AMP trading on the MT5 platform for monthly income. My goal is to consistently make $10k/month. I opened the account 10/1/23 with $10k.

The account balance as of 1/31/24: $27 681.32

What instrument(s) do you trade? My monthly goal is the same as yours. I have a TDA account for "investing" and actively trade on NT8. I keep around $30k in NT8 account.

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  #33 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50



Tebford View Post
What instrument(s) do you trade?

Mostly Nikkei and DAX futures as they are most favorable to my time zone. I do trade ES & NQ futures occasionally along with monitoring all the other futures contracts for opportunities such as the platinum trade I closed last week.

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  #34 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50

As suspected, I didn't have much time this week to focus on trading. However, I did manage to get in a few trades. It was another good week.

In addition to the day trades, I opened a new long position in platinum via one April contract and one July contract.

As a factor of my account size, I have been starting each trade with a single contract. I think I'm at the point where I can scale up to start with two contracts when opening a trade.

#1 (fat fingered a sell accidentally and bought back in...I consider this one trade)
2024.03.18 07:55:41 DDM24 buy in 1 18258 0.00 61 348.29
2024.03.18 08:00:09 DDM24 buy in 1 18247 0.00 61 348.29
2024.03.18 08 8:04 DDM24 buy in 1 18249 0.00 61 348.29
2024.03.18 08:08:54 DDM24 sell out 3 18249 -190.68 61 157.61
2024.03.18 08:09:09 DDM24 buy in 3 18247 0.00 61 157.61
2024.03.18 08:13:11 correction in 0 0.00 61 157.72 [synchronization]
2024.03.18 08:17:31 DDM24 buy in 1 18240 0.00 61 157.72
2024.03.18 08:40:02 DDM24 buy in 1 18233 0.00 61 157.72
2024.03.18 08:44:48 DDM24 sell out 1 18247 114.38 61 272.10
2024.03.18 08:44:48 DDM24 sell out 1 18247 114.38 61 386.48
2024.03.18 08:49:44 DDM24 sell out 1 18253 277.80 61 664.28
2024.03.18 08:49:44 DDM24 sell out 2 18253 555.60 62 219.88
2024.03.18 12:13:06 correction in 0 -0.39 62 219.49

#2
2024.03.19 03:45:35 ENQM24 sell in 1 18189.00 0.00 62 219.49
2024.03.19 03:46:13 ENQM24 buy out 1 18183.50 110.00 62 454.49

#3
2024.03.19 03:45:52 NKDM24 sell in 1 39565 0.00 62 219.49
2024.03.19 03:46:13 NKDM24 buy out 1 39540 125.00 62 344.49
2024.03.19 04:13:10 correction in 0 0.00 -73.56 62 380.93

2024.03.19 23:49:02 PLEJ24 buy in 1 897.0 0.00 62 380.93
2024.03.20 04:13:09 correction in 0 0.00 -24.26 62 356.67
2024.03.20 04:17:35 PLEN24 buy in 1 902.9 0.00 62 356.67
2024.03.21 04:13:10 correction in 0 0.00 108.12 62 464.79

#4
2024.03.22 02:53:03 NKDM24 buy in 1 40620 0.00 62 464.79
2024.03.22 03:40:30 NKDM24 buy in 1 40615 0.00 62 464.79
2024.03.22 03:57:16 NKDM24 sell out 1 40680 312.50 62 777.29
2024.03.22 04:07:15 NKDM24 sell out 1 40710 462.50 63 239.79

#5
2024.03.22 08:03:08 DDM24 buy in 1 18422 0.00 63 239.79
2024.03.22 08:04:59 DDM24 sell out 1 18431 243.53 63 483.32
2024.03.22 08:13:09 correction in 0 0.00 -124.54 63 358.78






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  #35 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Hi guys,

You are invited to participate in the upcoming April Journal Challenge, with $1,000 in prizes from Ninja Mobile Trader.

Details:



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Mike



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  #36 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50

March 25-29 & Monthly Results

February ending balance: $37,738.87
March ending balance: $64,121.17
_________________________________
March p/l: $26,382.30

As expected, time was limited this week. I managed to get a few trades in to round off a solid month, with all trades being Nikkei futures.

I have an open position in platinum, long two contracts, that is carried over to April. This week I rolled the long April contract to July.

Trade #3 below was a wake-up call for an ill-timed trade. I'm not sure why I put this one on...but clearly it wasn't my best. Upward momentum ultimately saved this one from a loss.

#1 - classic divergence on the Stoch RSI
2024.03.26 03:30:32 NKDM24 buy in 1 40190 33124389 0.00 0.00 0.00 0.00 63 234.11
2024.03.26 03:41:40 NKDM24 buy in 1 40170 33124437 0.00 0.00 0.00 0.00 63 234.11
2024.03.26 03:53:10 NKDM24 sell out 1 40215 33124471 0.00 0.00 0.00 175.00 63 409.11
2024.03.26 03:53:10 NKDM24 sell out 1 40215 33124471 0.00 0.00 0.00 175.00 63 584.11
2024.03.26 08:13:09 correction in 0 0.00 0.00 0.00 0.00 60.25 63 644.36 [synchronization]
2024.03.27 08:13:10 correction in 0 0.00 0.00 0.00 0.00 -28.70 63 615.66 [synchronization]


2024.03.27 18:16:24 PLEJ24 sell out 1 894.6 33152903 0.00 0.00 0.00 -120.00 63 495.66
2024.03.28 02:35:24 PLEN24 buy in 1 911.6 33156701 0.00 0.00 0.00 0.00 63 495.66

#2 - upward momentum in Stoch RSI
2024.03.28 02:44:01 NKDM24 buy in 1 40335 33156713 0.00 0.00 0.00 0.00 63 495.66
2024.03.28 02:44:01 NKDM24 buy in 1 40335 33156713 0.00 0.00 0.00 0.00 63 495.66
2024.03.28 03:03:34 NKDM24 sell out 1 40380 33156752 0.00 0.00 0.00 225.00 63 720.66
2024.03.28 03:03:34 NKDM24 sell out 1 40380 33156752 0.00 0.00 0.00 225.00 63 945.66

#3
2024.03.28 04:57:10 NKDM24 buy in 1 40345 33156938 0.00 0.00 0.00 0.00 63 945.66
2024.03.28 04:57:10 NKDM24 buy in 1 40345 33156938 0.00 0.00 0.00 0.00 63 945.66
2024.03.28 05:11:59 NKDM24 buy in 1 40295 33156993 0.00 0.00 0.00 0.00 63 945.66
2024.03.28 08:13:09 correction in 0 0.00 0.00 0.00 0.00 -33.71 63 911.95 [synchronization]
2024.03.28 13:33:06 NKDM24 sell out 3 40350 33156999 0.00 0.00 0.00 325.00 64 236.95
2024.03.29 08:13:10 correction in 0 0.00 0.00 0.00 0.00 -115.78 64 121.17



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  #37 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50

April 1-5

April started off with a big divot. Impatience finally got the best of me with a ~$8,500 loss to kick off the month. The trade went against me pretty much from the start. Buying my way out of this one didn't pan out. The last buy trade was entered from my phone. I intended to only buy one contract, but ended up buying 4 for a total position of 8 contracts long. The trade moved in my favor throughout the day and offered me the opportunity to close with a $1,000 loss at one point, but I let it ride. I set a stop loss before going to bed and ended up getting stopped out.

I was able to claw back about half of the loss by the end of the week. I'm still riding two contracts long in July Platinum that closed the week up ~$3,300.

Here's the trades...

#1 - the divot trade
2024.04.01 01:09:27 NKDM24 buy in 2 40450 0.00 64 141.95
2024.04.01 01:24:08 NKDM24 buy in 1 40405 0.00 64 141.95
2024.04.01 01:37:44 NKDM24 buy in 1 40175 0.00 64 141.95
2024.04.01 02:10:27 NKDM24 buy in 1 39895 0.00 64 141.95
2024.04.01 02:10:27 NKDM24 buy in 3 39900 0.00 64 141.95
2024.04.01 17:19:57 NKDM24 sell out 8 39920 -8 575.0055 566.95
2024.04.02 04:13:07 correction in 0 0.00 -160.52 55 406.43

#2 - classic StochRSI divergence
2024.04.02 04:18:30 NKDM24 buy in 1 39815 0.00 55 406.43
2024.04.02 04:21:55 NKDM24 buy in 1 39795 0.00 55 406.43
2024.04.02 04:41:09 NKDM24 sell out 2 39865 600.00 56 006.43

#3 - momentum scalp
2024.04.02 05:39:51 NKDM24 buy in 1 39890 0.00 56 006.43
2024.04.02 06:01:05 NKDM24 sell out 1 39955 325.00 56 331.43

#4
2024.04.02 10:52:10 DDM24 buy in 1 18727 0.00 56 331.43
2024.04.02 10:57:05 DDM24 sell out 1 18736 241.70 56 573.13
2024.04.02 12:13:09 correction in 0 0.00 0.04 56 573.17

#5
2024.04.03 00:00:10 NKDM24 buy in 1 39530 0.00 56 573.17
2024.04.03 00:00:10 NKDM24 buy in 1 39530 0.00 56 573.17
2024.04.03 00:37:41 NKDM24 sell out 1 39615 425.00 56 998.17
2024.04.03 00:37:41 NKDM24 sell out 1 39615 425.00 57 423.17

#6
2024.04.03 08:05:12 DDM24 buy in 1 18564 0.00 57 423.17
2024.04.03 08:12:25 DDM24 sell out 1 18576 323.11 57 746.28
2024.04.03 12:13:09 correction in 0 0.00 31.96 57 778.24
2024.04.04 04:13:09 correction in 0 0.00 123.94 57 902.18

#7 - divergence/momentum scalp
2024.04.04 07:16:04 DDM24 buy in 1 18608 0.00 57 902.18
2024.04.04 07:25:44 DDM24 buy in 1 18601 0.00 57 902.18
2024.04.04 07:27:38 DDM24 sell out 1 18616 312.02 58 214.20
2024.04.04 07:29:05 DDM24 sell out 1 18621 447.65 58 661.85
2024.04.04 08:13:06 correction in 0 0.00 -1.15 58 660.70
2024.04.05 04:13:10 correction in 0 0.00 -4.70 58 656.00

#8
2024.04.05 08:50:33 DDM24 buy in 1 18375 0.00 58 656.00
2024.04.05 08:52:22 DDM24 buy in 1 18369 0.00 58 656.00
2024.04.05 09:05:00 DDM24 buy in 1 18361 0.00 58 656.00
2024.04.05 10:32:48 DDM24 sell out 2 18382 740.54 59 396.54
2024.04.05 10:32:48 DDM24 sell out 1 18382 370.27 59 766.81
2024.04.05 12:13:06 correction in 0 0.00 0.09 59 766.90
2024.04.06 04:13:07 correction in 0 0.00 -9.06 59 757.84

#1


#2 & #3


#4


#5


#6

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  #38 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50

#7


#8

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  #39 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50

4/8-4/12

Only three discretionary trades this week, with a profit of ~$3,100.



I started live testing an EA to see it's "behavior" across a few instruments. The list of trades can be found in the attached pdf. Overall, I'm happy with the performance of the EA. During testing, there were some errors being generated due to invalid entry & SL prices...a peculiarity when trading futures. These errors did not show up in live trading.

The two long platinum contracts position closed the week up ~$8,250. It was up over $10k at one point last week. I might close one contract soon.

Here's the charts for the discretionary trades.





And charts for the EA trades:

MCL - Micro Crude Futures






MES - Micro S&P Futures







MNQ - Micro Nasdaq Futures











M2K - Micro Russel 2k Futures

Attached Files
Elite Membership required to download: EA.pdf
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  #40 (permalink)
 DaysOff 
kuala lumpur
 
Experience: Advanced
Platform: ToS, MT5, Tradestation
Trading: Futures, crypto
Frequency: Daily
Duration: Minutes
Posts: 48 since Jul 2023
Thanks Given: 40
Thanks Received: 50


Here's a summary of the EA/Automated trades:

Started this thread Reply With Quote




Last Updated on April 20, 2024


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