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Yardley

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Posts posted by Yardley

  1. Posted

    On 10/27/2021 at 12:27 AM, Rob C said:

    Hi Yardley,

    I created this system from scratch using the Ninjatrader strategy builder app. The basic setup I got from one of the instructors of the Day Trading Academy. In general it's an ABCD setup. Then I spent a long time backtesting to determine which are the correct indicators to use and how to use them. It also took me awhile to learn how to create a strategy. The tutorials are just enough to get you started, then you are on your own with a manual that is tough to read. But it is a great app. When I look at the code the strategy is now on the long side with 400 lines of code and growing each week as I tweak.

    There are strategies you can use or buy but I don't plan on using any. I honestly don't think any off the shelf auto-strategy will work. It's a black box to the user so it will be difficult to manage. And all strategies have a short time frame that they are viable with the current market conditions. I have to optimize each week and always check when to increase or decrease the R and even when to pull the plug.

    Rob C

    Thanks @Rob C for that information. I'm currently with IB and I was thinking of using their API to do algo trading. But their day/initial margin for future is pretty high. So I'm thinking of moving to Ninjatrader and may be use their strategy builder app. Do you pay any extra to do algo trading with Ninjatrader? Or is it just normal commission and market data fees? Also, do you the  minimum amount/balance required to use their application to trade futures?
     

  2. Posted

    5 hours ago, Rob C said:

    Futures (MES) algo trading journal Tuesday 10/26/21.

    I turned on the algo in SIM for the overnight session (Asian markets - dark shade background) because historical data shows this setup does quite well over night even with low volume. And last night the algo caught a really nice strength and pullback for a nice win.

    The strength from the Asian markets continued into the open and we got a really nice pullback and the algo went long and immediately the price moved to my profit target. Soon after weakness struck and we actually got a setup for a trade in the opposite direction with good downward momentum and a strong pullback. Almost too strong of a pullback as the price almost stopped me out. Then the price moved in my favor but did not reach the profit target. Then a strong pullback and the algo stopped out at break even.

    See you tomorrow.

    Rob C

     

    image.thumb.png.d57f91ec25567dc45505c7b7e77c729c.png

    @Rob C which trading strategy are you using? Did you get an off-shelf trading strategy/system? I know ninjatrader has tons of trading strategies.  Are there any free strategies or is it mostly commercial?  

  3. Posted

    On 10/13/2021 at 5:05 PM, Rob C said:

    Hi Yardley, thanks for the note. The stop loss is now dynamic and calculated by a multiple of the 200 SMA ATR. The multiple will change based on the current market conditions (I run that data on the weekends). For yesterday it was about 5 to 6 points stop. I find the ATR very useful for Futures, ETFs and large cap stocks that do not have news.

     @Rob Cvery interesting. I like how the algo removes emotion from trading and that helps tremendously in the long run. Do you mind pointing me to some good resources that will help me get started with Algo? I'm using Interactive Broker.

    Which programming language are you using?

  10. Posted

    59 minutes ago, MarkCB said:

    Almost forgot to journal again. I forgot too yesterday. It was a roller coaster yesterday. I was down, then up, then down, then up and then down at the end. I knew were I screwed up. Especially at the end. I thought I was looking at a 2 min chart but in fact, I was looking at a 5 min chart. Ah well.

    Today was much better. Took 2 trades UAA, MU

    UAA

    Rising devil trade. Did get a little nervous as it wasn't going down as fast as I was hoping but made 1%.

    67849104_Screenshot(258).thumb.png.9a0d294501f9053c1f0cffa8fd140bdc.png

    MU

    Saw MU perform a engulfing pattern on the 1 min chart and it went over the VWAP. The previous candle was also a hammer doji. The 2 min chart showed a hammer doji above the VWAP and the candle that was forming was also a hammer doji above the VWAP. So I went long. Got stopped out at my moving stop loss. 

    2042517987_Screenshot(257).thumb.png.17d916e26543b5e36517438f3872f0fb.png

    Made 2% total today. Pretty happy. I could have made more with FB as I saw all the signs but was afraid of over trading. But it was such a perfect set up that I should have just taken it. Whatever, no FOMO allowed.

    I am at a point where I am debating on going live. However, my job is asking me to do  8am - 4pm shifts for 2 months. I am probably going to stay in sim and do live trading when I get back. We''ll see. See you all Friday morning as I'm back on 2 day shifts starting tomorrow! 

    Thanks!

     

    @MarkCB what profession are you in? 

  14. Posted

    On 8/28/2019 at 8:13 AM, Aiman Almansoori said:

    Hi Patrick! I don't know how TWS works, but on DAS I've configurable hotkeys(Kyle's hotkeys) Automatically calculates my share size depending on where I want to put my stop at+automatic stoploss

    I also have hotkeys which I use to partial after which my stoploss automatically goes to b/e, if you don't want it to be at b/e you can just set it so that it doesn't stop you out at b/e. I think DAS is really configurable and you can play around with it to suit your trading style!

    I never had any issues with DAS and it satisfied me even more thatn I expected so I really recommend it

    @Aiman Almansoori do you mind sharing your DAS hotkeys? I'm specifically interested in the automatic b/e setup. 
    Thanks a lot.

    • Like 1

  19. Posted

    Folks,

     

    When do y'all plan of practicing using DAS simulator account? I hold a full time job (8-5) working from home one day a week. B/c of that I don't see myself finding the time to fully dedicate to practicing trading except for the one day I work from home.

     

     

     

    Wanted to see where y'all stand.

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