ES Journal | Divergence918

[Handle123]

Geez this is a 7 streak loss.........the biggest streak in the model was like 4

This is why you need to back test like 3,000 sample size and learn to program, but everyone is too eager to make money and have no idea of what they are doing. HERE IT IS: Only until you can breath chart patterns, swings, price structure, bar by bar, you should not add indicators. Indicators can be added as an aid to knowing how to read charts.

Did you check out the formula for Stochastics? Do you know why this indicator does what it does? You should know what this indicator should do on each bar, but most think indicators are to bypass knowledge of reading charts when it is other way around.

I said it before that Stochastics for me is worst indicator to use if you waiting for X to cross Y.

Have you considered the fact that afternoons are a different session than the mornings?

When I asked this question, you didn't respond to answer the question, each session of day session of ES is different, there is morning, lunch and afternoon, each are on whole different from each other, different rules and different risk. ES is by the hardest to learn to trade for many.

 

[Handle123]

Head and Shoulders after a move in one direction have best stats of not losing within 3 bars. Your backtesting will show best entry/risk for yourself.

 

[Handle123]

you can do flipping a coin to entry, but money management is where the money is so you have to learn price structure, how far is too far, how far is normal(approx.) how far is too short, how much time do I give a trade is time stops, you learn this by back testing, what is the mean time of profitable trades and how much time/how far was a losing trade be profitable before it goes to full lose?

 

[NeoTrader]

you can do flipping a coin to entry, but money management is where the money is so you have to learn price structure, how far is too far, how far is normal(approx.) how far is too short, how much time do I give a trade is time stops, you learn this by back testing, what is the mean time of profitable trades and how much time/how far was a losing trade be profitable before it goes to full lose?

So you recommend Multicharts... Got it. And from what you said about what you learned about programming, basic programming skills will do the job... The hard part is comming up with good ideas. Would you say this is correct?

 

[Handle123]

Multi-charts has similar coding like Tradestation and I had much experience using TS, and Traders-lab I have no experience, you should also check to see if traders use Traders-lab are happy and as easier to code as Multi-charts, and you should ask Multi-chart users about limitations of that software. You need to get opinions of those that use both. I have not used Ninja in few years and that software had many limitations and had built what I use today.

 

[Iwilldoit]

When I asked this question, you didn't respond to answer the question, each session of day session of ES is different, there is morning, lunch and afternoon, each are on whole different from each other, different rules and different risk. ES is by the hardest to learn to trade for many.

Sorry I took a while to respond.

No I did not consciously consider the variation in morning vs. afternoon, but I am aware that there is more volume in the morning sessions.

My model just takes trades whenever there is a divergence on the 30 & 60 from 8h30-15h30.

 

[NeoTrader]

Multi-charts has similar coding like Tradestation and I had much experience using TS, and Traders-lab I have no experience, you should also check to see if traders use Traders-lab are happy and as easier to code as Multi-charts, and you should ask Multi-chart users about limitations of that software. You need to get opinions of those that use both. I have not used Ninja in few years and that software had many limitations and had built what I use today.

Thank you

 

[Handle123]

Sorry I took a while to respond.

No I did not consciously consider the variation in morning vs. afternoon, but I am aware that there is more volume in the morning sessions.

My model just takes trades whenever there is a divergence on the 30 & 60 from 8h30-15h30.

Without Volume, markets hardly move and they tend to chop.

 

[Iwilldoit]

Weekly Summary

Profitable Trades

0

Losing Trades

8

Win Ratio for week

0/8= 0%

Cumulative Win Ratio

4/7= 57%

Total Points for the Week

11
----------------------------------------------------------------

This is why we SIM trade without putting real money on the line.

Honestly, most of the setups I missed (like I mentioned earlier), were profitable....

for instance if I was available at for the Hidden Bear Divergence at 14h30 today I would of earned 2 points.

 

[Handle123]

Weekly Summary

Profitable Trades

0

Losing Trades

8

Win Ratio for week

0/8= 0%

Cumulative Win Ratio

4/7= 57%

Total Points for the Week

11
----------------------------------------------------------------

This is why we SIM trade without putting real money on the line.

Honestly, most of the setups I missed (like I mentioned earlier), were profitable....

for instance if I was available at for the Hidden Bear Divergence at 14h30 today I would of earned 2 points.

How can you have 11 points when you had zero profitable trades?