ECM Prepare To Trade

I used 60 minute bar charts to find out, if it's profitable to use the closings as a filter. As you see in attached graphics it works.

Only if the red line moves up a unit a trade will be opened. If the closing falls back the trigger the position will be closed immediately. A next try is ok. after the trigger line is crossed again, but close out if the trigger line is not hold at the 60 minute closing.

The result is about $1675 in 3 days with 21 Trades.

Please give feedback.
 

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Just really quick.

Your charting and methodology aren't too easy to follow, and speaking for myself, I'm not sure what you're trying to accomplish.

Best Regards,

Jimmy
 
JimmyJam,

your are right. I am running three threads on elitetrader.com and this one is the one I am most struggling.

My charting is not yet consitent and I am with you when you say it's not easy to follow I am doing. I will go in more detail and explain more in the next posts.

As I said at very beginning I want to accomplish to be ready to trade the ECM with real money and to be successful. Target date to start was May, 1st. I will move the target date to May, 15th.

gg12
 
To make ist easier and more clear I have following rules from now on.

Grid is 10 Ticks.
Candles are 60 minute candles.
Winning trades are green.
Loosing trades are red.
Trigger lines are violet.

In the unoptimized version of the system all candles which are going through trigger lines will create trades at their closing.
System is always in the market. Positions will be always reversed.

Please see attached graphics.

To see if it's easy enough, please give some comments.
 

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Short trade triggered at crossing of 1.2660 to the downside. Close of 60 minute candle was below triggerline.

System will close short position and reverse to long when trigger line at 1.2670 is crossed up at a closing of 60 minute candle.
 

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I am numbering the trades starting with 01

01 Short trade closed with loss -30 ticks (max.).
I will round losses up to the next full 10 ticks.

02 Reverse long above 1.2670 done!
Long trade will be closed at the end of next 60 minute candle.
 

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Long trade will closed at the end of 60 minute candle below 1.2700.

02 closed with a gain of minimum 10 ticks (rounded down)
03 closed with a gain of minimum 30 ticks
04 closed with a loss of maximal 50 ticks
05 closed with a loss of maximal 20 ticks

06 is a long trade established above 1.2620.
 

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06 Loss
07 Loss
08 Gain
09 Loss
10 Loss
11 Loss
12 Loss
13 Loss

14 Long crossing 1.2670 (60 min candle close)

please see attached graphics
 

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14 loss
15 loss
16 loss
17 loss
18 loss
19 gain

20 Very good trade crossing 1.2630 up! System is long. Positions will be closed, if a 60 min candle will cross the grid -10 ticks down on a closing. See attached graphics.
 

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Trade 20 has been very nice, with 90+ gain :)

21 loss
22 loss
23 loss (long white candle)
24 loss
25 in progress; system is short below 1.2760

Trailing trigger is at 1.2780
 

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