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Showing content with the highest reputation on 09/20/2021 in all areas
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2 pointsHello, Just a quick contribution to the community. Here is a Google Sheet file showing how to automatically transform the "trades.csv" file from DAS to a nice trading journal table. https://docs.google.com/spreadsheets/d/1CTlu1sN6JAvMikJ9nQJB-4oVAhWzxf5_HB56MPwU978/edit#gid=2006003612 Copy the spreadsheet and use the sheet named "Copy of GK. Help" which contains explanation and formula. NB: first you must config in DAS your "trades" file columns so there are the same as on the sheet column A to H: Time Symb Side Price Qty Route Type P / L DAS "trades" file looks like that: Time Symb Side Price Qty Route Type P / L 9:31:09 FCEL B 6.55 1675 SMAT Margin 0 9:33:34 FCEL S 6.44 1675 SMAT Margin -184.25 9:33:48 PLTR B 26.34 1182 SMAT Margin 0 9:35:22 PLTR S 26.16 1182 SMAT Margin -212.76 9:37:27 SOFI B 14.78 2871 SMAT Margin 0 9:43:11 SOFI S 14.78 2871 SMAT Margin 0 9:46:31 SOFI B 14.85 1827 SMAT Margin 0 9:54:23 SOFI SS 15 182 SMAT Short 27.3 10:04:02 SOFI SS 15.06 164 SMAT Short 34.44 10:13:36 SOFI SS 14.99 740 SMAT Short 103.6 10:13:37 SOFI SS 14.99 370 SMAT Short 51.8 10:13:39 SOFI SS 14.99 185 SMAT Short 25.9 10:22:22 PDD SS 97.46 78 SMAT Short 0 10:28:30 PDD B 98.12 78 SMAT Margin -51.48 10:28:37 PDD B 98.17 744 SMAT Margin 0 10:30:31 PDD SS 98.34 74 SMAT Short 12.58 10:30:32 SOFI B 15.04 250 SMAT Margin 0 10:30:38 PDD SS 98.39 67 SMAT Short 14.74 10:32:00 SOFI SS 15.27 100 SMAT Short 31.11 10:32:00 SOFI SS 15.27 100 SMAT Short 31.11 10:32:00 SOFI SS 15.27 100 SMAT Short 31.11 10:32:00 SOFI SS 15.27 100 SMAT Short 31.11 10:32:00 SOFI SS 15.27 36 SMAT Short 11.2 10:33:41 PDD SS 98.48 60 SMAT Short 18.6 10:33:53 PDD SS 98.51 54 SMAT Short 18.36 10:34:13 PDD SS 98.63 48 SMAT Short 22.08 10:36:25 PDD SS 98.36 220 SMAT Short 41.8 10:38:32 PDD S 98.08 221 SMAT Margin -19.89 10:42:54 PDD SS 97.96 170 SMAT Short 0 10:47:52 PDD B 98.12 170 SMAT Margin -27.2 10:50:26 PDD B 98.22 141 SMAT Margin 0 10:58:49 PDD B 97.95 141 SMAT Margin 0 10:59:01 PDD B 97.94 282 SMAT Margin 0 10:59:28 PDD S 97.94 564 SMAT Margin -40.89 And the google sheet results like that: Open Time Close Time Symbol Side EntryPrice ExitPrice Init.Quantity Volume Exec Count Gross P&L 9:31:09 9:33:34 FCEL B 6.55 6.44 1,675 3350 2 -$184.25 9:33:48 9:35:22 PLTR B 26.34 26.16 1,182 2364 2 -$212.76 9:37:27 9:43:11 SOFI B 14.78 14.78 2,871 5742 2 $0.00 9:46:31 10:32:00 SOFI B 14.85 15.27 1,827 4154 12 $378.68 10:22:22 10:28:30 PDD SS 97.46 98.12 78 156 2 -$51.48 10:28:37 10:38:32 PDD B 98.17 98.08 744 1488 8 $108.27 10:42:54 10:47:52 PDD SS 97.96 98.12 170 340 2 -$27.20 10:50:26 10:59:28 PDD B 98.22 97.94 141 1128 4 -$40.89 Big thanks to the Google community that help me on this. Hope it will help you.
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1 pointGot a response from IBKR to an email I sent. The FAQ is accurate, you cannot open an account if you are a resident of NWT, Yukon or Nunavut. So now I need to think on this. I'm planning on moving in 2022 so could wait until then. But that would be like 18 months in SIM (at least I'm not losing money?) It seems the other broker/platforms I've looked at are more expensive, slower execution/data, or not as robust platforms. After spending around 11 months in SIM already, I'm tempted to just wait it out now that I'm familiar with DAS and have built my strategies around it's tools and knowledge from this community. I've been looking at Questrade, TD Direct, even QTrade and Wealthsimple Trade. I tend to go for longer moves rather than scalping and was going to look at Medved for Questrade as an option although I understand I'd need L2 data from somewhere else. But all these options feel jury-rigged. Any thoughts on all this are welcome.
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1 point
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1 pointFutures (MES) algo trading journal 8/30/21 Monday. I don't see any where in the forums to post/discuss algo trading so I will just drop my algo trades in my day trading journals. Well I took some time off from trading and then decided to restart algo only trading. I usually don't post my SIM trades, but this is my 1st real-time algo trading even though it is in SIM. This is just a classic shallow pullback to the 20SMA. I spent several weeks trying to be profitable with this setup in SIM and gave up. Out of curiosity I created an algo trade for it and ran 4 months of data. No surprise it not profitable. But still curious I tried to optimize the parameters and to my surprise, after optimization, the setup was quite profitable (PF=2.2) with a 50% success rate. Since I would not try algo trading live on the ES (too expensive until more confident) I reran the backtest for the MES (Micro ES). To my surprise the setup was again not profitable. That was a shock since the MES and ES follow each other so closely. I spent a few more hours optimizing for the MES and attained a PF of 1.6 but more trades were triggered on the MES so actually more profitable. Below is the MES today. Sorry about the small arrows, that is what the Ninjatrader SW uses. The 1st trade was triggered at 2am and reached target at 7am. Minutes later a second trade was triggered and reached target quite quickly. Surprisingly a 3rd trade was triggered and is still active at the time of writing. The setup is simply: Take only long trades (back tests says short trades are not profitable with this setup) The price needs to break the Keltner upper band that was optimized for the MES. Surprisingly the ES needed a different band (both are blue). The price drops below the 20SMA (but not too far). Then the price breaks back above the 20SMA. But we need some time the price holds so we know it still won't drop. Then go long and set up target and stop. I still need to program in the trade management. Right now its just a target and stop. But I have time. The ES/MES 9/21/21 contract will end soon. I don't like trading during the rollover period so I probably won't go live until October. I added the Strategy back test data at the bottom. I set R=$30 and essentially the setup makes 11R a month. I need to find two more setups like that!! I hope everyone is having a good day. Rob C
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1 pointJust watched this video.... "20 Habits of Highly Successful Traders"... but the guy really talks about 31 habits: 1.Wealthy traders are patient with winning trades and are enormously impatient with losing trades 2.They realize that making money is more important that being right 3.They look at charts as a picture of where traders are lining up to buy or sell 4.Before they enter any trade they know exactly where they will exit for either a gain or a loss 5.They approach trade number 5 with the same mindset they did on the trade 4 previous losing trades 6.They use "naked" charts and focus on zones 7.They realized a long time ago that being uncomfortable trading is OK 8.The markets are their workplace. They are a participant, not an on-looker. 9.They stopped trying to pick tops and bottoms. 10.They stopped thinking about the market being "cheap" or "expensive" 11.They are willing to change sides if the market tells them to do so 12.They trade aggressively when trading well and modestly when they are not 13.They realize the market will be open again tomorrow 14.They never add to a losing trade... EVER 15.Cash is the goal, but never the measure of success 16.They read about mobs and riots 17.They provide liquidity to the markets while watching price and volume 18.They have a way to gauge fear, greed and speed of the markets: Tick charts 233, 612 19.They practice reading the right side of the chart, not the left 20.Every wealthy trader has an "edge" they can explain to their mothers 21.Their position size is calculated exactly on risk tollerance 22.Profit targets are based on average range or something objective 23.One or two trades a month make their month 24.Confident decision makers in the face of imconplete information 25.A losing trade does not mean they are a loser 26.They buy higher highs and sell lower lows 27.Their business isn't trading, it's finding the right trades 28.They write down or record every trade, price, thoughts, news, attitude 29.Their conviction on an active trade remains unless something major changes 30.A winning trade does not result in taking on extra risk the next trade 31.They trade the reaction, not the news
