Intraday Dow, Sp500, Nasdaq and Nasdaq100
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Dan,
Can you list which future contracts you are trading. I think you mentioned the ym as one of them.
Also, on trade station, I get es quotes no problem, but ym seems out of whack. Do I need to pay for ym quotes separately, or is this just not a liquid market? For example if its not liquid, and the bids and asks are far apart, do you need to get in with limit orders?
I went to their site, and it shows that on past results although they are in fact net positive, their win ratio is just 49% over time. I assume they are net positive because their winning trades go further than their losing trades.
August has been hard for me too. I did good in July. Maybe, I should assume as a trader, that I will not be able to be profitable every month, and instead try to control my draw downs by not doing revenge trading.
Can you list which future contracts you are trading. I think you mentioned the ym as one of them.
Also, on trade station, I get es quotes no problem, but ym seems out of whack. Do I need to pay for ym quotes separately, or is this just not a liquid market? For example if its not liquid, and the bids and asks are far apart, do you need to get in with limit orders?
I went to their site, and it shows that on past results although they are in fact net positive, their win ratio is just 49% over time. I assume they are net positive because their winning trades go further than their losing trades.
August has been hard for me too. I did good in July. Maybe, I should assume as a trader, that I will not be able to be profitable every month, and instead try to control my draw downs by not doing revenge trading.
Hi Oracle,
Sorry for my late answer.
The list of contracts I'm trading are YM, NQ, ES and soon will add ER. YM is liquid. You should have no problem finding it.
Regarding the past results displayed at www.tradingpro.com, I did the same analysis you did but I believe that is only one metric of the trading system, and not the most important.
I was able to improve the Win/loss ratio by trailing the stop loss.
Still I found the following article,
http://www.sfomag.com/homefeaturedetail.asp?ID=-622415339&MonthNameID=August&YearID=2006
Very interesting with respect to trading system, and trading system analysis.
Check where it says,
More Factors to Consider
<i>Percent of winning trades. Many traders regard the percent of winning trades to be very important, but it is possible for a trading system to be profitable even when the number of losing trades exceeds the number of winning trades. For the purposes of instilling confidence in a system, however, it would naturally be preferable to have more winners than losers, but that is not so critical as long as the winners are large enough.</i>
This gave me some confidence with Trading Pro trading system.
I've also talked to them and they will be launching some new strategies, that trade less, and improve some variables like drawdowns, and win/loss.
Hope this info helps.
Take care.
Sorry for my late answer.
The list of contracts I'm trading are YM, NQ, ES and soon will add ER. YM is liquid. You should have no problem finding it.
Regarding the past results displayed at www.tradingpro.com, I did the same analysis you did but I believe that is only one metric of the trading system, and not the most important.
I was able to improve the Win/loss ratio by trailing the stop loss.
Still I found the following article,
http://www.sfomag.com/homefeaturedetail.asp?ID=-622415339&MonthNameID=August&YearID=2006
Very interesting with respect to trading system, and trading system analysis.
Check where it says,
More Factors to Consider
<i>Percent of winning trades. Many traders regard the percent of winning trades to be very important, but it is possible for a trading system to be profitable even when the number of losing trades exceeds the number of winning trades. For the purposes of instilling confidence in a system, however, it would naturally be preferable to have more winners than losers, but that is not so critical as long as the winners are large enough.</i>
This gave me some confidence with Trading Pro trading system.
I've also talked to them and they will be launching some new strategies, that trade less, and improve some variables like drawdowns, and win/loss.
Hope this info helps.
Take care.
Ok, please keep us or me updated on the new strategies.
I do feel win vs loss is important since you do need to also keep in mind that on losing trades you are also still paying commissions.
Also, psychologically, its easier for me to trade when there are more winners than losers, and lower drawdowns.
I do feel win vs loss is important since you do need to also keep in mind that on losing trades you are also still paying commissions.
Also, psychologically, its easier for me to trade when there are more winners than losers, and lower drawdowns.
You still on a roll with this, Dan? been quiet for a while. 'Course so have the markets...
Hi FlyingSquirrel,
Yeap. Sorry for not posting for a while. I've been beta testing the system in new markets. Russell, FTSE, Mibtel, and others and also an eSignal addon that I assume will be launch soon.
The system has not performed as it did during July. In fact I think August was the worst month for 2006. Still amazing gains during this year. It seems logical for this system not to perform well, for some time, after the FED announcement. This kind of events, can change the inner dynamics of the market, and the predictor provided by tradingpro.com predicts exactly that.
I've seen this before, and the system needs some time, to "know" the market again.
I'm not worried, as with the results obtained so far, I could go skiing till the end of the year, and have made a killing during 2006
.
I'll try to post tomorrow the system trades again and my conclusions so far.
Take care.
Yeap. Sorry for not posting for a while. I've been beta testing the system in new markets. Russell, FTSE, Mibtel, and others and also an eSignal addon that I assume will be launch soon.
The system has not performed as it did during July. In fact I think August was the worst month for 2006. Still amazing gains during this year. It seems logical for this system not to perform well, for some time, after the FED announcement. This kind of events, can change the inner dynamics of the market, and the predictor provided by tradingpro.com predicts exactly that.
I've seen this before, and the system needs some time, to "know" the market again.
I'm not worried, as with the results obtained so far, I could go skiing till the end of the year, and have made a killing during 2006
.I'll try to post tomorrow the system trades again and my conclusions so far.
Take care.
A fellow skier, huh? Perhaps you recognize my screen name...
I thought the site said something about the predictor readjusting (?) every 5 minutes. Or maybe it was 15. Even with that, it can be "out of whack" for a month? Interesting. I would think it would get back to "knowing" the mkt a bit faster than that...
Looking forward to later posts....
I thought the site said something about the predictor readjusting (?) every 5 minutes. Or maybe it was 15. Even with that, it can be "out of whack" for a month? Interesting. I would think it would get back to "knowing" the mkt a bit faster than that...
Looking forward to later posts....
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