Care to enlighten us with what you specifically mean by parameters? Thanks. EDIT: By the way - the current month is not your common month on ES, although this entire year have on average been fairly volatile. 2018 was not that bad either. 2017 was entirely different.
If you go back earlier in this topic on OP's description for his trading method, you will know what parameters mean. Another example is when shorter time MA cross longer time MA, you enter position. When it cross back, you exit position. This consistent of a strategy based on MA cross, and is parameter based trading method.
You're absolutely correct...I do not understand what you're talking about involving parameters nor what you meant by it considering you never said anything to me about any parameters until now unless you had mention those parameters to someone else earlier in this thread or in another thread. Thus, considering I do not know what you mean by parameters...I wouldn't know if I use parameters or not in my trading nor would you know if I use parameters in my trading. Regardless, its only common sense to backtest his trade strategy and/or trading plan on the Emini ES to determine if its suitable (profitable). Further, if he decides to switch trading instruments, he'll need to backtest much more than the past month of data considering one month of data is not sufficient and considering hilmy83 started having his problems with Emini NQ at least since October - December of 2018 when he lost 1/2 his trading capital in one trading day...the period when market conditions begin to change. wrbtrader
I am not going to argue with you on this issue. It makes no sense to argue with someone who knows little about something but always wants to make conclusion on it. If I explain that your conclusion is baseless, you will make another conclusion on me. edit: I have a big short position on EURO. Let's see how euro trades this coming week.
You had no prior discussions with me about parameters until today when you stated that I do not know anything about the parameters you were talking about. In addition, you stated the following (your exact words)... How the hell would you know how I traded to make such a statement ? Therefore, there's no arguement on this issue because there was no discussion in prior conversations until today. If there was a prior conversation from you to me...you would have pointed it out or quoted it. P.S. You're getting me mixed up with someone else that you had a discussion with about parameters. wrbtrader
"How the hell would you know how I traded to make such a statement ?" Because of your previous statement which showed you know little about parameters. And for the fact that OP clearly stated his trading method is mainly by VWAP and you still again and again questioned OP's method. Also if you knew parameters you would know OP doesn't need to backtest long time past data, you have a lot of doubt on it because you never used it. I don't trade on vwap, but if I want , I can almost reproduce everything OP used to trade based on OP's statement. See what OP said(If you ever used parameters, there will be no doubt about how OP trades.): "My method of trading is trading around the vwap. I like using it cause like a moving average it gives me indication of what the market is doing (trending? ranging?). But unlike a moving average, it filters out noise because the volume variable makes it more "stable" and less susceptible to fakeouts. Plus i've read in different places that a lot of algos use this indicator so why not align your strategy with what's used by the bots. So I trade the NQ on two separate sessions. Asian 9pm-3am US 9am-3pm (my livestream usually starts at 8:55) I don't trade the whole damn session of course. Just when it tends to grind i trade up to that. On average 3-5 trades a day So at the start, if the prices is above the vwap consistently (or just bounces) i take one bias only. If it crosses over or the price beyond it without making new highs/lows, i treat it like a range market and fade. Simple as that. So my strategy is a fusion of trend/breakout with fade. Usually my failed fade setups turn to breakout/trend if the price pattern looks right (no crazy crosses around vwap. I use "support/resistance zones" on the 5 minute. I also include the highs/lows of today and yesterday and today's open as reference points. for example If price is way out beyond open or yesterday high/low, then no need to be a smart ass and try to fade that move..just go with the flow. So that's it. It's mechanical enough for me to follow it and flexible enough that I think it can withstand all if not most market conditions."
By the way, he's already rich. You can see more info about him in Forex Factory. He had a 400K forex account and a luxury house. He made 150% gain easily (over 300%-400% before shrinking back to 150%). I think he used high leverage because the capital he traded was not significant to him. Anyway, I think he's smart and he knows what he's doing. Soon he will fix the hole and makes success.
First to be clear...the OP explained generally that he uses the vwap and s/r without any specific details nor did he mention any settings nor did I ask him about any settings or parameters. I swear...I never asked any questions about the details about his trade strategy although a few others did do such along with making recommendations what he should be doing and two particular people even stated he's randomly taking trades. In contrast, you stated that you had discussed the parameters which is what started your debate with me. Now you're stating the OP discussed them. I never question what the OP said...I only question what you said to me. To be specific about the conversation I had with the OP...I asked him about why there's no vwap or s/r in his live stream videos. In fact, I then asked him if they were on another monitor that's not in the live stream. I believe the OP responded by stating they were in the videos or in an earlier video. I looked and could only find a few videos with a thick purple or light purple color line with no identification in the chart what that line was. Here's an example, pretend I state I use price moving average crossovers. Someone then ask me what do I use. I reply by stating I use price moving average crossovers. How the hell would that imply he's stating his "parameters" to me ? In contrast, if he states he's using a 10ema with a 50ema and when they crossover...that's his trade signal. Now he's talking about "parameters" (settings). Further, the OP never explain his parameters for the s/r he uses but he did say he fades them sometimes although he did not explain why he fades them sometimes. I again question him about where's the vwap & s/r in his live stream but he never (answer) the question. You've now come along to pretend that YOU and I had a prior discussion about parameters. I will state again, YOU and I never had any discussions about any parameters until today. In addition, you stated I never use any parameters which is why I don't understand. I will say again to you...how in the hell do you know what I use to prompt you to say I probably never used parameters ? Serious, if someone states they are using something...wouldn't you think it would be on the chart in the live stream ? It's not a complicated question. There's are a few old videos in his Youtube channel that has a purple or magneto color thick line but there's no explanation about what the line is. I would then plot the VWAP on my own chart for the Emini NQ via the exact time frame he shows in his chart...the vwap on my chart is nothing like that line in his video for that particular trading day. Yet, you should know that the VWAP has different "settings". Those specific settings he never discussed in this thread and if he did...please repost (quote) it for me and then please post the link to the video (since he's started this thread) that shows the VWAP in which he identifies in the video as the VWAP. Regardless, I believe you're lost in translation here via believing I'm questioning his use of the VWAP or S/R when I'm not. I truly don't care about his trade signal strategy. Yet, I would like to see them actually use it. In contrast, if you read my prior messages very carefully...you'll see that I've only question his position size management, over leverage, lack of understanding or underestimating the volatility (lots of warning signs), his psychology and the merits of live streaming. Also, I'm now questioning the distractions I see in some of his videos...he live streams on top (bottom left corner or upper left corner) of his Emini NQ live stream...poker games, video game and TV show)...maybe he did that because he's bored with trading ? Once agian, never did I question his trade strategy nor do I care about it. I've been around long enough to know someone can have a profitable trade strategy but screw it all up because their psychology or leverage or position size management is inappropriate for the market condition. With that said, if you believe he does not need to backtest his trade strategy beyond "one month" as you stated while I stated he needs to go back to when he begin having problems with the volatility (October - December 2018)... Good luck with that one month of backtesting and I hope that's not what you're doing in your own trading...just one month of backtesting. wrbtrader
It could be situation where someone has a good trade signal strategy that's properly backtested so that he would know its performance in high volatility market conditions for the Emini Futures but a poor trading plan to execute the trade signal strategy. wrbtrader