If you don't mind me asking, what kind of trades does your program take - major reversals/breakouts/pullbacks/trading range reversals/continuation
also what time frames
TST Combine Journey
- Thread starter Rodrigcn
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If you don't mind me asking, what kind of trades does your program take - major reversals/breakouts/pullbacks/trading range reversals/continuation
also what time frames
240 tick.. trend following tied to volatility trigger only during certain hours of the day for entry with fixed TP/SL. Basically designed for max leverage. When Vol picks up the system will outperform.
Yeah that tells you if one side is giving up, and those areas also offer pretty good trading opportunities.
I also look at the risk and reward for trades on multiple time frames when i look to enter on reversals or continuations, etc, to give me ideas of where the market will find countertrend pressure, i.e. where bulls were start to sell to lock in profit, i find 1x and 2x risk work well, sometimes an initial 2x trade on one time frame turns into a 1x on another time frame which validates the overall move (most of the time lol, anything can happen in trading)
An example that i used today in the spy emini - i'm in a chat with other traders:
There was a big bull spike yesterday which if the trade was good should net at least 1:1 Risk/reward, that target took to yesterdays high, where there was a little selling prob due to profit taking but the momentum up was strong so a trading range BO measured move up led to Wednesday's close and all the items worked out well. So the initial bull spike, the smaller one at the low has a 2x reward (lower probability of success due to bear trend so if trade works, a higher reward is expected), where the TR breakout has a 1x reward - since there move was already strong to breakout of the TR the market will not over compensate you for higher probability trades so 1x risk seems reasonable (i.e. you bet one dollar to make one dollar but you have a higher than 50% chance of making it happen which is a good trade, the higher this probability) - and you know its in play because its happening in front of your eyes, that's the result of billions of institutional money taking that trade
Wow. Wish I could get those commish+fees in real life. Amazing.
Welcome to real-life when you go live.
Hey what are your fees and commissions? TST uses a static amount, a lower than normal. Looking at the costs for Ninjatrader its like 3-5 for round trip with certain licensing:
I pay fees very similar to Ninja's per round-turn.
I pay $15 per month for all CME group products' data fee.
Here's the funded account stuff at TST...
https://help.topsteptrader.com/hc/e...oduct-do-I-have-to-pay-in-the-Funded-Account-
And here's the best part...
https://help.topsteptrader.com/hc/en-us/articles/220389608-Exchange-Fees-Per-Product-
So I pay $15 per month to trade ES, CL, GC and ZS. You'll pay $340 per month to trade the same products.
I pay $15 per month for all CME group products' data fee.
Here's the funded account stuff at TST...
https://help.topsteptrader.com/hc/e...oduct-do-I-have-to-pay-in-the-Funded-Account-
And here's the best part...
https://help.topsteptrader.com/hc/en-us/articles/220389608-Exchange-Fees-Per-Product-
So I pay $15 per month to trade ES, CL, GC and ZS. You'll pay $340 per month to trade the same products.
Gotcha, yeah it's not the best option but when you have no money. I'm still figuring out what's the best way to trade, May has been my first "real" month trading so I'm doing TST as a challenge but will consider all options, if the swings in forex start getting pretty large similar to early 2015 etc, I would use spot trading as well. I'm only focusing on forex futures and perhaps ES but I think I need more money and some more experience to comfortably trade it
Another option I just saw is the emini e7, which has larger commissions as a percentage but also a good option for swing trades, anyways thanks for the comments