Jump to content

peterB

Lifetime Members
  • Content Count

    428
  • Joined

  • Last visited

  • Days Won

    19

Everything posted by peterB

  1. https://forums.bearbulltraders.com/tags/hot keys/
  2. you submit it together in the web form i guess - Use Ctrl+click to select both files in the same Browse window.
  3. then you have your answere there you print+sign+scan+send
  4. yes and no what you described would not work as you cannot have 2 sell orders at the same time especially if the stock is not shortable what you need to do is to use a simple range order once the stock moves in your direction but i believe it cannot be done at the same time as you described to make it work consistently on all stocks and directions. maybe someone else will proof otherwise
  5. perhaps you just need to type your name into that field with your keyboard and click "sign"
  6. so compare the long and short scripts and make sure the stock is shortable - SSR.S not only SSR the .S means the availability for shortage and SSR means only it is restricted to short selling IF AVAILABLE only
  7. that is perhaps your montage order preset is not set to STOP
  8. just use normal hotkey script but change the BID to ASK or ASK to BID depending if it is a short or Long trade
  9. mind sharing some of the 80% sucess rate scalp trades here so people know more exactly what you are talking about?
  10. yes please do let us know. do not get me wrong. i am not discouraging you from doing your own thing. i am just advising you to use your time wisely. it is like going into a gym taking some weights and starting doing something you have in your mind instead of doing some actual effective excercises plan listed right in front of you on the wall.
  11. chance that you as a beginner will come up with something new and revolutionary and also working is just very close to 0 so if you want to spend your free time efficiently i recomend you to focus on proven strategies and after you are more experienced try some new tricks and ideas. otherwise you will end up as a losing inventor
  12. look at it this way. if you have a strategy which gives you 2R on average, is that strategy better o worse than the strategy you described? unless you have some other reason like time pressure there is no logical reason to go with a lower success strategy. why would you put your buying power into that if it takes you 80 trades (or 80times risk 1R) to make 44 dollars if you already know that you have a better strategy where you can risk 10 times more because your edge is better there? i am not saying you should or could not trade what you want but you should have reasonable reasons regarding the 1bar example - if you have 5 1min candles creating a range, it will most probably look like a 5min doji bar. so i think that this scalp you are talking about is probably interpretable as a different strategy if you zoom it out for higher time frame chart you just do not perceive it that way yet
  13. CXL ALLSYMB;ROUTE=LIMIT;Price=ASK+0.05;Price=Round2;Share=Pos*.25;TIF=DAY;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=DAY;BUY=SEND that is for cover 25% of position and set the stop loss to break-even point CXL ALLSYMB;ROUTE=LIMIT;Price=BID-0.05;Price=Round2;Share=Pos*.25;TIF=DAY;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=DAY;SELL=SEND that is for sell of 25% of position and set the stop loss to break-even point CXL ALLSYMB;Route=LIMIT;Share=Pos*1;Price=Ask+0.05;TIF=DAY;BUY=Send that is to cover 100% of position CXL ALLSYMB;Route=LIMIT;Share=Pos*1;Price=Bid-0.05;TIF=DAY;SELL=Send that is to sell 100% of position CXL ALLSYMB;Route=Stop;Share=Pos;StopPrice=Price;StopType=MARKET;TIF=DAY;Send=Reverse; that is to update the stop with current position size and price wherevere you click on the chart - custom stop loss CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY;Send=Reverse; that is to set the stop loss in whichever direction to the current average price and size - break even stop loss NOTE:these are for CMEG broker, if you are using IB replace the "LIMIT" with "SMRTL"
  14. and do you want to be scalping? you did many trades already. is this what you want or are you looking for more/something else? is your strategy giving you the expected and satisfactory results? what do you need to work on? you can scalp with many strategies. but for small movements to get some big money you need bigger account and not everyone is comfortable opening a 100k position to get few hundreds of profits. scalping is more like trade management not a strategy. get in quickly get out quickly becaus eyou believe it will move NOW. its full of stress
  15. yes that is the part of the problem. your strategy works for bad trades same as good trades just from its nature - the price action always moves up and down and eventually and also inevitably you will end up looking for the trades that just do more profits so you can spare a lot of time and money by tossing this strategy and use something that really works. honestly being a begginer i was also thinking that i will develop something new and great but the probability of that is just very near 0. the market is here for ages and everything is already invented. You cannot buy a scalpel and start doing new methods in brain surgery. You need to do what everybody (successful) does then build your personality around it. Not to try to find the golden holy grail. It just does not exist.
  16. funny thing i was starting with 5 min orbs and recently used 1min orbs with success. it comes with the experience really. the thing with the patterns is that it really needs many hours of practice to get the right feeling for them as over the time you will spot the little details that make the difference between a solid setup and a great setup. it took me 1000 trades to understand reversals. the nice thing about the 3bar plays is that you do not need anything just the candles to trade them. therefore they are so simple to learn and just build proper trade management around them
  17. whatever works for you. you are on the way of defining yourself as a trader so if that will prove to work for you and satisfy you, there is nothing wrong. i am presenting only my opinions and doing 240 trades for 20R profits does not seem to me right and i think you should have some realistic expectations of having a 2R daily profits which normally you need only a 1 good trade so the same 20R you get in 2 weeks with 10 trades and save a lot on commissions and emotions
  18. well its irrational to risk 1 dollar to get only half a dollar. especially when you know that you will succeed only 70% of times and need 240 attempts to get 20 dollars.
  19. your stats say it all. your strategy is not able to generate a 1R profit per trade. that means that you risk 1R and in average get 0.55R which is wrong.there will be market conditions when it will slope down. If you do not understand it here is an example/analogy. you go to a bar to buy a beer. you pay for 1 beer and always get only 0.55 of beer instead and you walk away from the bar every day happy that you are not thirsty 70% of the time. Your statistical success is only a deviation you can scratch as to generate 20R with 240 attempts is just peanuts- 0.08R per trade making your broker richer but not you.
  20. you want the STOP to be a MARKET ORDER because once the price reaches your stop price you want to run away. You can put the order to be LIMIT order but it will not guarantee you it will be filled so you can be and you will many times end up and stuck with a losing position. Therefore it is better to count with a small slippage and accept it rather than do a LIMIT order. Sometimes the slip is big but this is the way it is. If ECN fees are high for you, it means you are trading too big risk/positions compared to your account size.
  21. this is, i believe wrong thinking as you are trying to play the 50/50 chance of the price action oscillation of movement either up or down. that is not how you shall trade and i believe you cannot do profit on that too, otherwise all the computers would trade this way. You need to look for a real pattern with real probability of win. what you mentioned is just too weak data - Stock called out in the trading room market does not care, if it is called in the room you should expect moves rather than range - Stock is ranging (buy long at bottom of range or short at top of range) still can break down or up from the range, most of the ppl try to avoid to take a trade when the stock is in the range as the break up or break down chance is 50/50 so basically it would mean that you would take any random trade as the range can be zoomed out on higher time frames and yu will see it there - Stock is trending (buy long at bottom of trending range or sell short at top of trending range) there are more variables than these, and the problem is the range as it is not an exact definition but only a price action over specific time. what looks like to be a range on 30sec chart can be a single trending candle on 5min chart - There is a large bid or ask (if large bid, sell short above the large bid. If large ask, buy long below the large ask) this is insane, if the bid is overcome it can continue in that direction. also impossible to evaluate after you stopped trading to see if your trade fulfilled this condition so this is not a good condition/reason to go against obvious trend. anyway that is only my opinion and while being skeptical i am also curious to see your results after 100-200 trades taken. please share them
  22. when i was starting it was my favorite too. unfortunatelly i do not have the statistical data from then but i feel it was a disaster. not because the strategy does not work, but because i was missing the bigger picture and basically tend to trade everything that breaks up/down without any other knowledge. to nail an ORB is harder than it looks, especially the trade management part. so i would recomend you a 3BAR play strategy which is often an ORB or ABCD and is easy to spot and practice in replay mode. The experience with 3BAR plays will get under your sking and you will understand ORBs and ABCDs better too.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.