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  9. Stevecb06 started following Stevecb06 Swing Trade Journal
  10. Stevecb06
    Hey all! My name is Steve, a lifetime member here at BBT. I have tried a few times over the years to day trade, but due to my circumstances I think I have finally accepted that day trading is just not for me. I have a pretty demanding career (IT Manager) and have found that staring at charts all day keeps me from being productive in my role. I love my career and want to keep it as my priority. I view trading as more of a side gig than something I want to go full time with, so I think swing trading is going to just be a better fit for me. I know this community is focused more on day trading, but I want to journal and log my experiences with swing trading here to try to give back to the community in any way that I can. Although I have been reading and experimenting and learning about trading for several years now and consider myself to have intermediate knowledge on the topic, I have never shown that I can be consistently profitable, so I am still considering myself to be a novice. This journal will hopefully document my journey to becoming a profitable trader. I am starting out very small, targeting a risk of about $5 per trade. Only after I show that I can be consistently disciplined and profitable will I increase my risk, and even then, I will increase my risk very slowly. I will document and chart all my trades here, and provide a monthly update along with P&L. I hope this journal can be useful for both myself, and you all. Happy trading!
  11. Steffen Wrankmore Steffen Wrankmore joined the community
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  15. FredL created a club: BBT en Français
  16. FredL started following Anyone in France
  17. FredL
    Hello, I'm based in the Paris region if you want to chat. Take care Fred
  18. Paul aka Aurbano
    @Leonardo Murcia es la configuración actual vigente sí ... perdón por la tardanza pero no me llegan emails de notificación cuando hay respuestas en el foro. Sigo funcionando con TWS igual que hace unos años. @Carl Diez este es el enlace :
  19. cellardoor23 started following DAS TRADER PACKAGE TO BUY
  20. cellardoor23
    Hi, i still don't get the difference between these "normal" plans and the one for BBT Members: I want to trade stocks and I would like lvl 2 like Thor etc. As far as I understand the plans the "normal" deluxe user plan with swap from OPRA to Arca would match my requirements. But what is the bonus for the BBT members in the plans ... this plans are really not good described. Another question: Has the simulator DAS Plan really the same price as the full IB plan ? Thanks in advance
  21. Carl Diez started following Paul aka Aurbano
  22. Carl Diez
    Hola Pablo, donde esta el link que me enviaste en el Chat?
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  26. Rob C
    1 min ORB algo. Here is the backtest for the 1min NVDA Long that I created (R=$200) I have been mining the data to see the possibility of making ORB algos for the last couple of weeks. I looked at 1min ORB first using NVDA long direction. There seems to be about 2.5 years of data where ORB setup could be used. I did try and read a few algo books, but didn't find any useful. Some interviews in the Market Wizards books I found very useful for algo trading. The rest of my method I figured out on the way. I have been profitably trading algos on Futures for almost 2 years now. The only issue I have is my algos trigger a trade at most once a week. Not enough. So looking for more setups. So I first estimated my parameters and values based on what I have learned from the mons at BBT. I then backtested only the last 3 months using Ninjatrader and see if a profitable algo is even possible. This time it was, but these results are useless except for feasibility. I then walk through each parameter to see what has correlation. Interestingly enough almost all the parameters have value limits but not correlation. Except for volume, which the larger the better, and the distance from VWAP, none of the other parameters had correlation except for limits. Though not expected, this is great because it means the parameters are robust. Though Ninjatrader has an optimizer, it usually is not very useful since it curve fits too much. So I manually optimize then run the parameters for the last two years and got mediocre data. But that's normal. Then I use something I learn from one of the Market Wizards, where he uses 2 years ago for optimization and runs the algo on 1 year old data to see if it works. So I noticed, when I used the 1st algo version we were in the red about a year ago. So I used the red time period to optimize. 1min ORB profit when optimized on the recent 3 months then back tested for 2.5 years. I optimize for robustness not profit. I use to make spider web plots (in Excel) with each strand a different parameter and thus try and create a large stable sweet spot. Where the parameters could move around and it will have little affect on the stats. There is almost always a plateau like that, but sometimes it is under water. So if I let Ninjatrader optimize it gives an outragius profit factor of 5.7 with a highly curved fitted solution that if you move any parameter, even slightly, the profit drops off fast. My optimization has a modest PF of 1.7. But all the parameter correlation are gone (even Volume and VWAP). You can move parameter values around, even large amounts with little effect. All the parameter values become min or max limits only. Thus these are the edges of the optimization plateau. Here are the parameter limits: Volume > 300K 1min candle body size > $0.60 1 min candle body size < $2.7 Top 1min candle wick size < $1.10 How far above VWAP when initiating trade > $0.20 and < $2.30 Market opening price Gap for NVDA >$ 0 SPY 1min candle close > -$1.00 Essentially, the algo is saying don't take a NVDA Long when SPY is careening lower. The target and stop are loosely optimized, but are not meaningful since I have a separate trade management algo that takes care of that. For this back test I used a 3 to 1 traget to stop ratio. Then I ran it on the full 2+ years. the data you see is above in the opening graph. Below are the numbers. The max consecutive losers is a little high for my comfort, but its good enough I will start running in sim and create the short version of the algo. Then move on to TSLA, ES and NQ. Thanks for reading to the end. Rob C
  27. peterB
    answered in the other topic
  28. peterB
    inlcude/exclude study in scale
  29. peterB
    this is not an equivalent of the panic. here is why - this will close only the position of currently selected symbol - it does not use market order to exit the position so you can get just skipped it is also syntatically wrong and here is why - you read the $Pos then use Pos which are two different things if you run the hotkey when montage is in focus - if the spread of the stock you want to exit is wider than 0.25 then you can get skipped very easily the true panic will be possible only once DAS will let us to read all the current opened positions from the trades window. hopefully they will make it possible this later this year. to see how these things work go to https://traderpeter.substack.com/s/dastrader-hotkeys
  30. peterB
    you can name the montage windows and hotkeys then call the hotkey executions through the montage object with a $montage.exechotkey("hotkeyname") as mentioned here
  31. Valentin Kolaberdin
    Hi, if i have 2 montage windows, one for "normal" level2 and one ladder view, this hotkey activate first the wrong one, maybe you have a solution for that too? thank you! regards, Valentin
  32. Jon Reynolds
    Hi gang - I have heard some very good feedback off the site so I thought I'd give it a try. I was a member over at Warrior Trading years back, but I am of limited means. This is a strictly an educational adventure for me for the time being. I am here to absorb, and hopefully make a few mentors. Best regards - Jon
  33. Zeckrin
    Got an update to this. Now with the Advanced Hotkey IF/Else conditions I was able to get a Post/Pre market PANIC Hotkey created. This will set share size to current position and then put a Sell limit .25 below current Ask if your in a long or a buy .25 above current bid if your in a short. This is then a simple EXIT/PANIC hotkey for both Long & Short for Pre/Post Market hours. Be sure to have 'Hotkey Advanced Script' enabled in DAS configuration before using the script (If your Montage Window name is 'LIVE') Replace the x's between quotes with your Account # Replace Route with desired route CXL ALLSYMB; FocusWindow LIVE; $mon=GetWindowObj("LIVE"); $Pos= GetAccountObj("xxxxxxxx").GetPosition($mon.SYMB).share;if ($Pos<0){Price=Ask+0.25;} else{Price=Bid-0.25;}; $Price=round(Price,2); Share=Pos; Price=$Price;Route="LIMIT";TIF=DAY+;Send=Reverse
  34. cchristiensen
    Greetings! Not sure if this is the correct place to post this but I am having an issue with DAS charts. I use a multiple timeframe layout and need to maximize the space within my charts to see wicks clearly. The candles are squished small on my charts. I played around with settings and notice when I remove the Camarilla Pivot Points, the charts appear full size again. But I utilize the pivot points and need them on my charts. Help please! Anyone familiar with this?
  35. Christos Krasas
    I recently made an account with IBKR. It is an IB-UK margin account which is supposed to have a 4:1 leverage. Everything it is been approved with my account by the way. I have above 25.000k dollars in my account. They do not give me leverage and I am not even able to short my full initial equity of account. I message them and they send me just an article to read. What I have to do? This is a serious problem I need help.
  36. Emilie
    Hello! I was based in San Francisco, CA but back to Lyon, France now - any trader in the area interested to meet up? Take care Emilie
  37. Ali raza Syed
    Hi All! I am a complete newbie to day trading and actually, today was my first morning actually sending orders on the simulator, 3/4 of which were successful (beginner's luck kicking in!). I am working on the 9/20 and ABCD strategies and wanted to know what are the best scanners in Trade Ideas that we can use for identifying the stocks for this strategy. Really appreciate your help!
  38. Rob C
    October 2nd Trading Day Though I am green today it wasn't a very good trading day. First error was trading at all today. Though I had the minimum hours of sleep, I woke up exhausted and my Garmin watch such all my vitals look horrible (Poor sleep quality, lowest HRV this year, high resting pulse, etc...) But I traded any way. I was watching TSLA, NVDA and BABA. TSLA was setting up for a really good rising devil and I had my finger on the trigger waiting for the price to reach VWAP. I am not sure where I turned my attention (another stock or the 10sec chart on my NinjaTrader), but by the time I looked back at TSLA the VWAP was reached and price already fell. This is not considered an error. This happens sometimes. To go short now would only give a 1.5 Reward to Risk ratio. But I had FOMO and went short, which was error number 2. At least I went with half the number of normal shares since there was a long way to my stop now. The price dropped and reached my target. If I entered where I was suppose to this would have been a 2R profit and I would have gotten all out. Since I was only at 1.4R I only partialed and hoped for more of a drop even though there was no reason to hope for that. That was mistake number 3. The price started to rise and my 10sec chart looked like it was going to keep rising so I covered. At least, at that point, I was smart enough to shutdown my platform and call it a day. Yes, it was a positive 1R day. But not proud of myself today. 10 second candle chart: I hope everyone had a good trading day. Have a good night. Rob C
  39. Rob C
    The 10sec candle chart was useful today. Though I am quite used to reading the tick chart, I was having issues utilizing it at the open. Too much quick thinking. My DAS charts are candles and when I glance at my tick charts on NinjaTrader my mind doesn't switch instantly. So, I have been trying different candle charts. Today the 10 second candle chart was helpful on NVDA. This was the trade on the 1min DAS chart: This looks like a 1min ORB that I took a little early and got out early. Now see the 10 second candle chart. So within the 1min candle you see an ABC configuration forming. Thus, I went long before the 1min candle was completed. But you may ask what advantage did I have if any? If you took a normal ORB you still would have had a 2R trade by 8 minutes after open of the market. The advantage to me is an issue I am having with reward to risk. I usually trade by algo and my reward to risk is programmed in. But now taking live trades I am having an issue with this and most of my winning trades are an 1R win. So far I have been doing surprisingly well with 13 green days and one red. But 1R trades will catch up with me. So, by using the 10 sec candle chart, I was able to make a tighter stop instead of the $185 stop I would have used from the 1min chart. Thus, creating a 2R profit trade. And again I know with this trade and some patience 2R would have been reached anyway. But that is difficult for me at the moment, so I am quite happy with the trade. I hope everyone traded well today, Rob C
  40. saadcheema
    how can we use this utility in TOS Bookmap?
  41. Jeremias Lopez
    Hello Everyone! I'm Jeremias Lopez, and I started my membership a few days ago. I have no experience in trading, but I read Andrew's "How to Day Trade for a Living book" and that got my hooked. I then read a book about Charting analysis by Fred McAllen. I am really eager to learn and practice in the simulator once I feel like I got enough knowledge. I am an IT professional. Been working in IT for the past 20 years and looking forward to slowly switch into a different way to generate income. Thanks, Jeremias
  42. daniel.wang730
    This is fascinating, thanks for sharing. I'll have to check it out myself to see how it works, though I've also begun investigating the Pine Editor on TradingView as it seems to function similarly.
  43. Rob C
    Yes they are very flexible. The parameters are unlimited if you create them. They also have a large quantity of indicators to use. Here is a script I wrote for NVDA opening engulfing Long. Back test says it was very profitable for the last two years but interestingly stopped working in 2024. So, I am not using it. I only have 6 parameters and 2 are where to stop out and take profit. See data created from Ninjatrader:
  44. daniel.wang730
    I see, thanks for letting me know. I'm ok with not having a good way to automatically trade, since the main purpose of this would be to confirm setups. Does Ninjatrader basically just come with the data, and you can write your own scripts on what setups you what to filter for, what parameters you want to set, etc.?
  45. Rob C
    Yes, I have been using Ninjatrader for back testing the last 2 years, but on Futures. Now that I just started back into Equities I will probably start writing the algorithms in about a month. The algos are more for back testing than for taking automated trades (which they can do as well). Also, Ninjatrader had the best charting I have seen. Gotta love the 1sec candle chart...
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