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Good job :) My Euro system has been bleeding for a while but the drawdown is within the expected range. Currently, I'm trading ER2 and EUR. I stopped trading ES for a while because I miss some of the trades the system generates (all of my entries are limit entries). On paper, ES system is...

TradingWise, I've been frantically testing systems and writing software for trading automation :) I'm only daytrading as usual but the trades are now automated. TS + my IB interface software handles the trades. While they are running during the day, I'm either adding to my interface code...

I didn't trade today but usually just before the big number releases, the bid/ask volume dries up so it's pretty much like wild west around the number releases.

You're right, the more filters you have, you'd be getting closer to curve fitting. The best test of a system is to see how it performs on uncorrelated markets. If it completely falls apart, then that's a big warning sign.

Lately, I was mostly trading EURUSD mostly based on my technical setup (no fundamentals). However, I kept on beating myself up on missing extra profits, "unnecessary" losing trades etc...Then I started backtesting my ideas on EURUSD. I got some decent results. Then I applied same ideas to ES and...

Hi guys, Thanks for keeping the thread alive. I've been busy with system testing and automation. I'm currently running two systems on ES and EURUSD. I started writing my own VB program for connecting to IB's API and sending orders generated by Tradestation. If you're trading beyond scalping...

The volume's OK. Yesterday's volume was also back to normal levels.

EURUSD deserved a grand opening like this for the new trading year :) Good luck everyone.

Happy Holidays :) I wish you all healthy and prosperous 2005.

jbt, Yes, it just kept growing. Do you think the FX markets will be slow next week too? Happy Holidays!

For the electronic contracts that I follow, TS and IB match. For the EURUSD spot, there might be 1-2 pip difference sometimes. I only have IB account. IB has much more capability in terms of order types.

Bracket Trader is just an order entry interface to IB. You can conveniently enter OCA orders with single clicks, adjust your targets/stops easily. With Tradestation, besides charting in real-time, you get clean historical data and backtest your ideas very easily. I think you can get...

Yes, it has the least interesting chart in my workspace today.

If your profit targets are large, then trailing stops definetely help. If you have small targets then it's better to have fixed stops. I also implemented stopping trading after about 2-3 losing trades per day.

Gart, For the intraday system trades, I'm comfortable if the average trade > 1 tick net after commissions. For the actual profit targets set in the systems, I'd like to see at least 8 ticks.

That's possible but you pay a price for it-- larger drawdown. Smaller profit targets tend to make the drawdowns smaller and more consistent across different data sets. Also, there's a chance that in the future you might not get these larger moves. So I prefer the system trade more often and...

I'm planning to stop trading after Wednesday this week. Thursday will probably be a low range day for the US stock indices. EURUSD might also get thin during the US session. I'm not sure if I'll trade next week. I'm not travelling so I'll be around. I won't trade on Thursday and Friday. I'm...

I finalized my ES system testing and went live with 100% automation this morning. As I wrote before for automation, I'm using a text file generated by a Tradestation indicator and feeding it into Bracket Trader. Then the BT sends an OCA order to IB. I'm not trailing my stop anymore so I don't...

Maybe we can call ourselves celebrities from now on :) Thank you all for your contributions!

Let's make it miliseconds :-)