Chronicles of an Idiot
- Thread starter VisionTrader
- Start date
How late in the day will you take a signal. I am struggling with this a little. I have not been taking any trades past 3:45 EST in my backtesting.
I just got out of the last trade, because I saw a warning on the first down candle and it was late. ?????
I just got out of the last trade, because I saw a warning on the first down candle and it was late. ?????
5 Postions Taken
3 Sucessful
2 Failed
60%
Daily P/L = +4.5 Points
1 contract = $225
5 contracts = $1,135
10 contracts = $2,250
Thanks once again Breakout. Enjoyed your company. Hope to be back tommorrow. Till then....
3 Sucessful
2 Failed
60%
Daily P/L = +4.5 Points
1 contract = $225
5 contracts = $1,135
10 contracts = $2,250
Thanks once again Breakout. Enjoyed your company. Hope to be back tommorrow. Till then....
One more thing I would suggest. It appears you are just saying:
okay, I went long here and I got out here. You might want to
find a trading simulator to make your paper trades.
I don't know if tradestation has one or not. If you have an account with IB, there are free API programs that you can use.
It's one thing to write it down, and another to have it carved
in stone, so to speak.
Had fun today...see ya
I hear what your saying. I am not just entering and exiting based on random statements. Unfortunately TradeStation does not have a "Simulator" for realtime paper trading. I have something called the "Order Bar" that sits on top of my charts. This is where my real brokerage account resides. I have the Bid and Ask Buttons, Park, Buy, Sell, etc ticking in realtime. I have the buttons locked so I don't accidentally place a real trade.
When I say that I am long or short, I actually am clicking the Bid or Ask Buttons and that is the price I am referencing. I log the entry and Stop Loss in an excel worksheet and then post it. I set the Profit Target, Move Stops etc within the spreadsheet. When the Bid or Ask button hits my stop, target, etc. I consider the order filled. This is all I can do. I think it is pretty accurate though. I have actually been clicking on the buttons when I do it.
I tried using the simulator from PFG Best and it was just too much of a pain to switch around my platform just for this. I do not need the practice of learning how to actually place trades. I have been doing this for some time.
I wish TS would incorporate this only because it would keep my records automatically and I would not have to record them in a spreadsheet. Sometimes I feel like an idiot with all this.
Watching Charts, Clicking Buttons, Logging in a Sreadsheet, Rushing to get the post in so it is close to realtime.
[img]"C:\Documents and Settings\Richard\My Documents\visiontrade\My Simulator.PNG"[/img]
When I say that I am long or short, I actually am clicking the Bid or Ask Buttons and that is the price I am referencing. I log the entry and Stop Loss in an excel worksheet and then post it. I set the Profit Target, Move Stops etc within the spreadsheet. When the Bid or Ask button hits my stop, target, etc. I consider the order filled. This is all I can do. I think it is pretty accurate though. I have actually been clicking on the buttons when I do it.
I tried using the simulator from PFG Best and it was just too much of a pain to switch around my platform just for this. I do not need the practice of learning how to actually place trades. I have been doing this for some time.
I wish TS would incorporate this only because it would keep my records automatically and I would not have to record them in a spreadsheet. Sometimes I feel like an idiot with all this.
Watching Charts, Clicking Buttons, Logging in a Sreadsheet, Rushing to get the post in so it is close to realtime.
[img]"C:\Documents and Settings\Richard\My Documents\visiontrade\My Simulator.PNG"[/img]
