Decided to stick around a little longer and managed to reduce the loss to 300$ before commission.
Challenge of Weekly Profit trading Futures
- Thread starter Trade4gainz
- Start date
Decided to stick around a little longer and managed to reduce the loss to 300$ before commission.
I've switched to ticks in lieu of Renko for the time being as I cannot get the shit to work right anymore.
going to stop here, very frustrating day again but ending positive.
28 r/t * $4.1 = $114.8. $1,047.50 on the day.
Ticks seem to be a lot more manageable. stress today came from trying to get the MFing Renko bars to work but ticks trading was very much with ease.
going to stop here, very frustrating day again but ending positive.
28 r/t * $4.1 = $114.8. $1,047.50 on the day.
Ticks seem to be a lot more manageable. stress today came from trying to get the MFing Renko bars to work but ticks trading was very much with ease.
To answer your two questions, I did not program them (but someone else did), they were included in a trading indicator package I purchased some years ago. They are a highly customized/modified version of the standard Renko bars, and only work on Ninja7/8. Closest I could find to compare in the "public domain" were "Unirenkos". Unfortunately, the company I got them from has recently ceased operations, and I am not allowed to send them to anyone because of NDA.
Hi RDK91
Hope your son is feeling well by now.
to point your trade,
I belive when you traded SIM you were letting losses run deep until they reversed direction? correct me if im wrong.
also please dont feel negative trading is a learning curve, hopefully profit showers your way with the real account from next trade and so on. looking forward to see your results.
i have not traded today. so no update for me
RDK91,
Good to see you back and putting your system to work after backtesting.
Don't worry on the losing money on first day. Trust your backtesting performance metrics. Losses is part of the business.
You should be very happy you have system that shows great results in backtesting. Very happy.
Cause some systems don't have good backtesting results.
No i have traded the system live before (took a break for summer), i have a 1:1 risk reward so no large open losses at any time.
Just bad timing
Just bad timing
Morning RDK91,
I definitely understand you on the timing part. I understand.
You can do quite well with 1 contract until your account and confidence warrant 2. Try to hit an average over time with 1 contract to see how you do over time.
Much better today, up 747.5$ so far, on 1 contract.