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i use that as a basis for my algo that looks at trends... it looks at candles in 25 tick charts to give the best clarity and consistency. I could program to look inside historical bars, but it is easier to use 25 ticks

@ironchef here are my thoughts on trends Traders are different when it comes to deciding how/why/where/when to enter trades, manage their trades and how/why/where/when to exit trades. However, once in a trade, they all expect price to trend in the trade direction for some time period and...

excellent thought process and progression. it just takes time... cheers toucan

After the trade entry, everyone expects price to “trend” in the trade direction for some time. Prior to the trade entry, a trader has to figure out the following because they affect both risk and reward. When/where does my trend start, so I can get in early in the trend. When/where will my...

Hi ironchef Its been a while, but the bottom line was, over 10 years, I just couldn’t ever figure out how to make money consistently trading stocks. I was daytrading with ira money and in those days could only trade long and was only able to make money when the market was strong up. During...

in 2007, i moved from stock trading to futures trading. then i spent 3 years where i kept a picture of each chart where i paper/sim traded. along with the picture, i described the price movement that i saw leading up to a trade, the setup where i thought i could enter a trade and where/why i...

yes... if toUcan then you can :)

hi qwB... a couple of questions... are you daytrading do you trade futures if you trade futures, then which ones do you trade thanks toucan

very nice setup... i have 4 monitors, 3 24" and 1 4K 42" and now use 1 24" monitor for displaying trade manager and the 43" is used for charting the 4 futures that i trade. the other 2 are for backup if the oldest 24" dies. when i get a new computer, i will replace the 3 24" with another 4K...

@eleanorK80 I daytrade futures for metals and energies and I analyze/change stoploss values weekly due to changes in market structure and volatility. You have to find an initial stoploss that is larger than the noise of the instrument you are trading and the maximum stoploss would depend on...

Hi Jokepie.. Good to see you back.. What part of the bay area. Do you daycare futures Thanks in advance Toucan

Yeah I thought it was a strategy rather than an algo

great!!! why i asked is that those are very similar to what i have listed in my trading process.. and yes i have some before them and some after them. my major topics are: my edge definition, baseline expectations of what i expect to happen, market context, setup, entry and trade management...

im confused... is this snapshot from your algo inputs or from multicharts strategy settings.. looks like strategy settings. thanks toucan

hi mike the attachment is only #4 and #5... are there others? where did you get these? thanks toucan

thanks ironchef... you make a lot of great points for using this forum as a discussion place looking for new ideas. developing systems and trading alone, sometimes we get stuck in our own minds and discussions with others who are new to trading or long term traders tend to give us ideas on...

It looks like you have a lot of time to post so... Rather than wasting your two hours zooming with me. How about just answering the last few questions in my last post. That would be best for both of us.. Thanks Toucan

So you would be up for a zoom call starting at the open for a couple of hours watching the algo trade and answering my questions

Hi vstrader I just reviewed your post with charts and trade analysis and have a few questions: Are you using multicharts for charting… I use tradestaion Who are you using for trade execution… I use tradestation Is your algo written in some multicharts coding language… I use tradestation’s...

i also run an algo for my trading. it would be interesting to discuss the trials and tribulations of developing and running an algo in today's market. if you are interested, we could take this discussion offline so we don't pollute this thread. toucan