Can you explain your trade management further, particularly your stop threshold? You entered at 76 and the trade went 2.75 against you after a paper gain, yet you held (and did well).
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ES Blackbox with Real Money
- Thread starter eternitysgarden
- Start date
Day 3 â Trade 3
Total Gain of $282.80 including slippage and commission
I have to debate whether to let the blackbox run tomorrow since most of the traders are already leaving early and will be taking tomorrow off for the long weekend holiday, will be a tough call. I will post the trade chart later.
Total Gain of $282.80 including slippage and commission
I have to debate whether to let the blackbox run tomorrow since most of the traders are already leaving early and will be taking tomorrow off for the long weekend holiday, will be a tough call. I will post the trade chart later.
Attachments
Attached is the chart for todays trade. Also, to answer a previous question about money management. I have two types of money management in my algorithm, one being the risk and reward of the trade the other applies to the portfolio as a whole. For the trade:
I use stops at 2 â 4 handles, they are trailing, but only by levels. The code has the discretion whether to use which one base on certain variables.
The exit strategy is 5 â 12 handles based on variables, no matter what the discretion, the risk to reward will never be less then 1.65
I use stops at 2 â 4 handles, they are trailing, but only by levels. The code has the discretion whether to use which one base on certain variables.
The exit strategy is 5 â 12 handles based on variables, no matter what the discretion, the risk to reward will never be less then 1.65
Attachments
Not sure I understand. Immediately upon entry, what is the stop? If it's not a hard stop, what are the rules?Quote from eternitysgarden:
Attached is the chart for todays trade. Also, to answer a previous question about money management. I have two types of money management in my algorithm, one being the risk and reward of the trade the other applies to the portfolio as a whole. For the trade:
I use stops at 2 â 4 handles, they are trailing, but only by levels. The code has the discretion whether to use which one base on certain variables.
The exit strategy is 5 â 12 handles based on variables, no matter what the discretion, the risk to reward will never be less then 1.65