Example Trading System

SidinUK

Thanks for your excellent article.

I am a relatively new trader based in the UK trading the ftse future intraday.

I was wondering if you had done any similar intraday studies regarding the ftse market? As a struggling trader I would be very grateful to here of them.

The problem I seem to have is taking what I know about
tech analysis etc and transfering this to intraday time period.
I feel very comfortable with daily/weekly charts but the adjustment to intraday (with there volatility) has not been as clear cut as I had hoped.

If you can offer any advice with regards to intraday trading
(systems, strategies, rules, set-ups, moving averages, indicators, what to avoid, what to look for) it would be much appreciated.

Thank you.
 
Teachmetrade,

The ftse is not the best futures contract to try and trade intraday as it doesn't offer a lot of movement. For indexes I would consider the US markets, particularly Russell2000 and S&P midcap 400 at the moment. In Europe the Dax is far more suited to intraday trading than the FTSE. Currency futures, USD/EUR and USD/CHF, are also particularly suitable for daytraders.
 
Quote from sidinuk:In Europe the Dax is far more suited to intraday trading than the FTSE.
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I completely agree. I used to try to daytrade the FTSE in a variety of ways and it was extremely difficult. And now the volatility has reduced even further it's probably impossible. The Dax is quite a bit better, for sure, but also not very easy. Currencies are _much_ better for daytraders!
 
Sidinuk,

With your experience, how would you suggest I use this system with the EUR/USD where there is no open and close as defined by your YM system?

I have a few idea's, but I would like to hear from you as to this specific instrument.

Michael B.


Quote from sidinuk:

Teachmetrade,

The ftse is not the best futures contract to try and trade intraday as it doesn't offer a lot of movement. For indexes I would consider the US markets, particularly Russell2000 and S&P midcap 400 at the moment. In Europe the Dax is far more suited to intraday trading than the FTSE. Currency futures, USD/EUR and USD/CHF, are also particularly suitable for daytraders.
More...
 
Quote from ElectricSavant:

Sidinuk,

With your experience, how would you suggest I use this system with the EUR/USD where there is no open and close as defined by your YM system?

I have a few idea's, but I would like to hear from you as to this specific instrument.

Michael B.
More...

certain of the better trending currencies respond well to breakout strategies that buy/sell on highest highs or lowest lows of x bars.
 
Thanks SidinUK and all for the above advice.

A little off the point but how do the currencies
work with regards to points. The ftse is £10 a
point, the dax EUR 25 how does it work with
the currencies.

Thanks.
 
Hi Jana

As you have daytraded the ftse and the dax
would you be willing to share 1 or 2 of the
variety of strategies/syetems you utilised to trade these intruments on a intraday basis.
I don't expect you to give all of your secrets away but
a few pointers would be helpful and much appreciated.
Thanks NoelEmac2@aol.com


I completely agree. I used to try to daytrade the FTSE in a variety of ways and it was extremely difficult. And now the volatility has reduced even further it's probably impossible. The Dax is quite a bit better, for sure, but also not very easy. Currencies are _much_ better for daytraders!


__________________
Jana Sergeevna
 
1. We will not take any trades on a Thursday.

2. We will not take a trade if yesterday’s average trading range is more then 1.6 x the average of the previous 5 day’s average trading range
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I think both of these filters are random. At least you haven't proven anything here. You must take an out-of-sample test. The reason I say this is that both filters have the same expectancy on both sides of their respective data points. There doesn't seem to be any correlation there.

The target/stop stuff looks good though. Here you can definitively see correlation, as the system consistently gets better and better as you move the targets/stops.

good stuff!! thanks sid.
 
Quote from TeachMeTrade:Hi Jana, As you have daytraded the ftse and the dax would you be willing to share 1 or 2 of the variety of strategies/syetems you utilised to trade these intruments on a intraday basis. I don't expect you to give all of your secrets away but a few pointers would be helpful and much appreciated. Thanks NoelEmac2@aol.com
More...
No problem, will email you. I suspect probably only the Dax is still viable, though, volatility on the FTSE is just too low now ...
 
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