Hi KGMK
thanks a lot for the indications you give
in the case of the EURDKK at 16:00:44 have you set a negative TakeProfit or a StopLoss? on the Low of the previous candle?
If the price “runs away” how do you manage the loss?
Thanks
A little bit strange right… I made 4000 trades and not a single lossing trade. I started looking into the code and discovered I made a mistake with where I was looking last high/low is.
Sorry guys. It was not working that good, but still manage to make around 400-500% profit each month instead of 30K profit each month.
Still getting to the StopLoss. I do realize it’s off some importance but not setting it too tight. Maybe around 2.5 ATR is what most Hedge Funder managers prefer to do. So you still give the trade room to breath.
But I do imit or what the English word, say honest, that some of these run away trades do kind of annoy me when I do not set a stop-loss. If I set the stop loss too tight, around 1% risk then my strategy would go from 400% down to -300%. So not setting it too tight like some of my ex-girlfriends from Thailand, Peru and Phillipines.
Been working now with 14 different trading algorthims. Some are excellent for 1M, others better for 1D charts.
I did discover a new indicator recently. The ADX plus the DI+ and DI-. Average directional movement index. Which have show to be very useful for half of my strategies. Especially when you are doing gap-up and gap-down strategies on the stock market. Even better than RSI and MACD. RSI at this point just becoming good exit signals.
Some of the more extreme and ridiclious trading strategies I been working with is when you look at the Long-Legged Doji Candle
If you set a trade on each of the sides on a 1D chart, both long and short, you still manage to do a 500% profit each month considently. If you do option orders, you could manage the risk even better.
Futures trading, I don’t know yet what to think off it. But I see some of these order books sometimes go from 30K sellers to 500K sellers 5 times in last 30 minutes while the buying power often times stay at same volume. So I guess it should be possible to develop machine learning algorthims for the futures market also. I don’t have enough data on the futures order books yet.
If all of your guys are setting stop loss at 1% and profit target at 2% then all of the banks and big guys know where your to enter the trade. So they going to put their order when your liquidity ends. I seen a bit frustration with my Chinese friends, which got put of their stop loss too early and now they start to think its a conspiracy. Not they have access to this forum but don’t set stop loss at levels which is too transparent. Big banks need to fullfil their orders at high liquidity. So they going to grab liquidity where they think everyone put their stop loss. Thats why when you are doing support v.s ressistence level trading you seen trades everyone loss their money at the level banks start to enter their trades. Because they need enough volume to support their 200M-500M trades.
sorry I’m an idiot from birth I can’t do anything about it
I didn’t understand anything at all
at what time do you place the order in the third bar hoping that the price goes back down?
and if we have 23 bars all buy we have 23 orders in loss or close??
you look at two days in a row if they are the same sign and place third hoping that the third bar is in pullback???
a coin tossed in the air wasn’t a better strategy??
Look trading is a gamble in itself.
You are not a idiot. We are all idiots.
We place orders with a automated system. A system we machine learn with historical at data. We have 16 different strategies.
It dont matter if futures market, option market or regular trading.
This thread algo move into new thread Beagle Boys Machine Learning
where we can find results from real account?
Coming soon
ok, in the meantime, could you tell me which trading platform, and which broker do you use to trade futures?
Only tried optimus futures
ICT vibes. IYKYK
ok, so what is a reason to show the results from cfd demo account?
Ahh if I started charge money for training lol.
We have other bussiness involved in offering software products for hospitals, cancer treatment and health clinics around the world. Trying to do something like selling training, tips or secrets is not in my area.
Think if I started becoming so desperate that the only way I knew how to make money was trading and selling courses.
Got into this game because I like gambling and maybe I can figure out a better way to do it. Last thing we need is to teach other people how to do the same
But the cloth I figured it out any nobody else figured it out is kind of fun isn’t it?
Not going to risk real money or offer training in one hundred years because we are too desperate too make money on the markets and don’t have any other bussiness prospects to make money.
It’s for fun and cloth mostly.
If you started trading forex, futures and gold you basically started from level 100.
Everyone knows the easy money is in CFD and stock products.
You could as well just trade options on gap fillings. If something gaps 40% premarket, buy a option that the price will return back to pre-gap money. Nothing more advanced than that.
Its like choosing between you want to live in Poland or do you want to live in Brazil. One uber ride here costs $0.30 and not 50PLN. You apparently choose the hard path again.
Here are 3 trade oppertunites for you in 1 graph.
You could do these manually or what we are trying to do is build a automated system for it and it requires us a lot of testing to make sure we get the numbers exactly right.
Anyway what matters with a lot of these trades is you figure out the direction in the first 5 minutes of market open. Either you look at very extreme divergence between RSI and ADX. Or you can just look if the 2M either have higher highs or lower lowers. Then use RSI to exit the trade.
I dont know if you figured out these things or if your bussiness is just selling training to other noobs because your track record online is not exactly that impressive. 22% win in 1 year almost with 3 last months losing months.
And why these stocks are gapping up so much now you can start to look into pending futures and option orders on each of tickers and see if what happens there. There is some information of course not that open shared on the internet.
Basically, this topic is waste of time because you can’t replicate this results on live account. According to my results, 22 percent is still higher results from many investment funds and 3 months stagnation is normal in trading. Looks like you have to gain more knowledge before talking about trading.
Wait and see bro
Well, I did actually find a winning strategy suprise suprise
1D timeframe, over 500 trades, 22701% win over 1 year and only 2 losing trades.
Try figure out yourself now before you have more stagnation months
Before you go throwing granades into the market and teaching others the same maybe you should try to backtest your own strategies and figure out why you are not consistently making money.
There are 99% bull-sh strategies and ideas. You realize created by people that don’t really backtest on historical data do they? Write a book or make a Youtube video for some strategy that maybe works 50/50. I fall into this trap myself then I realize after backtesting on millions of records of historical data (yeah, we have 1B rows in our database on every timeframe) that most strategies and ideas don’t work and only a very few rare instances (based on OHLC suprise suprise) actually works??
If you can’t program or have access to full inventory of gap-up stocks (need at least 20K in your account) go write a book or something. Or like you say in your bio I decided to take fees for provide information which means you are not profitable trader at all and just wait for the next big great idea.
The whole time I thought this was done on a live account. I am disappointed