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Fader I am a simple thinking person so when I say 1% that is 1% of what my trading account balance is for the day that I make the trade. If my account is at $50,000.00 then i need to make $500 per trade after commissions - so I have to make sure my entry/exit order stack is set properly...

Yes you could say there is a "give-back" quotient involved with my thread. The important part of this thread for me was to expand ideas, and also to see if anyone else was doing something similar to this for possible collaboration efforts. Two or three minds together expanding the envelope...

Today was a little chop before the goals were met - ES had 1.2% for the day and my EC trade did 1.1%. Both trades had some positions grabbed from the short accounts, and then the long accounts made the goal as price reversed to the upside. Back to the backtesting of the ZB system.

Jimmy - The only time I leave a small percentage of the position able to catch extension beyond the normal bracket boundaries is news releases. There are several key news releases that I will trade, and my set-up is somewhat different for news release bracket trades like the 08:30 est from...

Trading without charts has been freedom for me.

Yes that is one way to do this trade from a fundamental starting point - but that alone will not handle the chop periods by itself as you will need other components active in the trade. I have gravitated away from a pure "pyramiding into" start of the trade to something very close. The final...

Yes I may do that one day when I finish my ZB system and then turn it on - at that point I will not be worried about my bracket trades as much. I should have my new ZB trade backtesting done by next week.

The trade risk to reward is not 1:1 it is actually more like 1:3. If something goes wrong in the trade and you flatten with technical platform problems you will possibly have a loss. If you stay in the trade until price moves out one side of the bracket area then you will make money. The...

No - I just happen to trade the EC in conjunction with the US markets open at 09:30 est. I will also trade the EC at the EU market open again tonight at 03:00 est.

I trade the CME EC product - today at the 09:30 est US market open my long account made the hit. You have to realize that my order stacks are not all spread out over a wide range from the opening price - this is what all the backtesting of a particular product is for, determining spacing and...

They are re-adding liquidity to the little guy. :D

Yes - now think about multiple products with multiple opens. There is a "reactive" nature to price at market opens that make this type of trade work - news, imbalances, gaps, pre-positioning, etc. I need to study more of the Asian markets for this method also - I have a perception they are...

If you saw in person exactly what I do then you would understand my use of two accounts - the commissions, extra or not, are not a hindrance to the system so I like it set-up the way I have everything. There is a part of my system when the market is non-directional at the open, that both...

I had user defined "order packages" that I had programmed for Trademaven, so I could just one click on the bid or ask to deploy my order stacks. Now that I have left Trademaven and all their problems, I am back to manual placement of orders with NinjaTrader for the time being. This is no big...

Last night and todays trades worked out well - I traded the ES and the EC last night together at the EU market open for two real quick hits of just over .75% for each. I used a little bit smaller order stack for the overnight trades to get out sooner if needed. This morning at 08:30 est I...

Hello, You may want to check this out - http://www.smartquant.com/quantdeveloper.php This is tied in with TT (XTrader) and is some top ticket data feed with automation capabilities. :) ...and welcome to the world of trading! :cool:

Anyone here trading the CME NK futures contract? CME Nikkei 225 Futures Trade Unit $5 times the Nikkei Stock Average Point Descriptions 1 index point = $5.00 Product Code Clearing=NK Ticker=NK Globex=NKD This market has had some good opens to trade from what I am seeing - good...

All my trades are backtested and designed to return a percentage of the account per trade -- 1/4%, 1/2%, or as high as 1% per trade. When the account has reached a determined percentage increase, then I will increase each trades position sizing accordingly. Usually every 5% increase in...

I watched someone today get all messed up in an ES trade using TM today. Price passed through all his covers but the orders were still showing on his screen. Of course he had to call the broker right away and deal with the hassle if he was actually filled or not. He has TM through Transact...

stevegee58 Registered: Feb 2004 Posts: 224 06-12-06 09:31 AM I've been experimenting with similar techniques in forex. The nice thing about forex is that you don't need 2 accounts (one for long and one for short). Just find 2 negatively correlated currency pairs and trade them...