Index futures automation

[hilmy83]

1. Momentum (daily)
2. bull/bear setup
3. Scaling in
4. Exit and Target

1. Momentum - I want to incorporate a longer term directional bias indicator that would help me filter out "bad signals". Moving average is the simplest of all, so I'm going to use short term multi day moving average.

2. Bull or bear setup -Going into each trading session, I want to make sure the session is setting up to match the long term directional bias. This will give me extra layer of confirmation for the day. If it's going against the bias, just skip the session.

3. Scaling in - My entries is going to be basically at the market and it's going to be scaled in as price retraces. Retracements is going to be normal part of the day and I'm not going to waste time figure out "perfect entry"

4. Target/Exit - This is going to be based on multi day % of ATR. I will have a maximum stopout on the whole position.

 

[hilmy83]

Damn.......
Target profit saved my ass

 

[hilmy83]

 

[hilmy83]

1. Momentum (daily)
2. bull/bear setup
3. Scaling in
4. Exit and Target

1. Momentum - I want to incorporate a longer term directional bias indicator that would help me filter out "bad signals". Moving average is the simplest of all, so I'm going to use short term multi day moving average.

2. Bull or bear setup -Going into each trading session, I want to make sure the session is setting up to match the long term directional bias. This will give me extra layer of confirmation for the day. If it's going against the bias, just skip the session.

3. Scaling in - My entries is going to be basically at the market and it's going to be scaled in as price retraces. Retracements is going to be normal part of the day and I'm not going to waste time figure out "perfect entry"

4. Target/Exit - This is going to be based on multi day % of ATR. I will have a maximum stopout on the whole position.

View attachment 340750

Using VWAP instead of moving average is better I think in determining where that momentum is heading.

Momentum=vwap + price position relative to session start
Entry/target = % of atr
stop = vwap reversal or max stop out level

 

[hilmy83]

Alright, first trade of refined strategy. This method will only give me about 1-2 setups a week since I have multiple filters. But I'm going heavier on the size and take the scalp within momentum.

If this doesn't work where I lose 30% of my stake or something, I'm calling it quits and close this journal to go into CC ETF investments. This is the LAST attempt at this scalping/daytrading.

 

[Sprout]

Alright, first trade of refined strategy. This method will only give me about 1-2 setups a week since I have multiple filters. But I'm going heavier on the size and take the scalp within momentum.

If this doesn't work where I lose 30% of my stake or something, I'm calling it quits and close this journal to go into CC ETF investments. This is the LAST attempt at this scalping/daytrading.

View attachment 341160

As a first blush observation, you are mixing inter/intra day data. Those two class of algos operate on different parameters.

Unless you have a proven strategy, heavier on size is setting yourself up to lose.

 

[NoahA]

If this doesn't work where I lose 30% of my stake or something, I'm calling it quits and close this journal to go into CC ETF investments. This is the LAST attempt at this scalping/daytrading.

I just don't get it. The results you show are better that everyone here, expect for maybe @theapprentice . What they never show is the complete picture, so who knows how many points they actually make.

Your manual trading is has exceptionally well, and you haven't even come close to your 60/40 win rate you thought you would have overall. I see a 90% win rate if I look back through your charts. Now I understand that you're worried about a big loss on the horizon, which I'm sure will happen eventually, but I just don't know what you're expecting. I think we all want a 90% win rate and if we only have 70% we think we are doing something wrong and will blow up. The guys who have a 60% win rate are probably thinking they found the holy grail because they just keep plugging away, and you think you're doing something wrong with this metric.

I understand that manual trading sucks the life out of you, and every loss makes you think you need to improve the system, so it almost feels like day trading isn't worth it, and I totally get that. But your results so far are stellar and if everyone shared every trade they made, I think you would realize how much better you are doing than you think.

 

[hilmy83]

I just don't get it. The results you show are better that everyone here, expect for maybe @theapprentice . What they never show is the complete picture, so who knows how many points they actually make.

Your manual trading is has exceptionally well, and you haven't even come close to your 60/40 win rate you thought you would have overall. I see a 90% win rate if I look back through your charts. Now I understand that you're worried about a big loss on the horizon, which I'm sure will happen eventually, but I just don't know what you're expecting. I think we all want a 90% win rate and if we only have 70% we think we are doing something wrong and will blow up. The guys who have a 60% win rate are probably thinking they found the holy grail because they just keep plugging away, and you think you're doing something wrong with this metric.

I understand that manual trading sucks the life out of you, and every loss makes you think you need to improve the system, so it almost feels like day trading isn't worth it, and I totally get that. But your results so far are stellar and if everyone shared every trade they made, I think you would realize how much better you are doing than you think.

I'm just tired of tired trading to be honest. I'm ready to deploy the capital somewhere else if I take a major loss again.

Once I hit that loss, this journal will be locked i'll be moving all my funds to index investing/CC etfs combo.

Just for the record, this is where this last attempt is starting at. Will withdraw like $1500 monthly and grow the account with the rest. Goal is to hit 6 figs by year end, or blow out and bow out.

 

[Laissez Faire]

I'm just tired of tired trading to be honest. I'm ready to deploy the capital somewhere else if I take a major loss again.

Sounds like you already made up your mind. The mind works in mysterious ways. If you're tired of trading now, you might just get what you really want and win by losing. Then you won't have to do it anymore. Maybe it's better to take a break and resume it at a later point if you even feel like it.

Manual point and click trading is tiring. Especially if you have a full time job on top and are trading sums that are meaningful. In many ways it feels like a job.

 

[hilmy83]

Sounds like you already made up your mind. The mind works in mysterious ways. If you're tired of trading now, you might just get what you really want and win by losing. Then you won't have to do it anymore. Maybe it's better to take a break and resume it at a later point if you even feel like it.

Manual point and click trading is tiring. Especially if you have a full time job on top and are trading sums that are meaningful. In many ways it feels like a job.

I would hate wasting any more time on this if I can get better and more efficient return on my money elsewhere.

Time will tell, shortly...