Looks like you have 3 questions. 1) NO - NOT selling any strategy - I don't Lease or Sell to Retail traders - I work with some big money clients - going back many years now 2) NO - NOT doing any webinars - and if I did - they would be FREE 3) How many contracts per day? - for my own trading - I never trade more than 2 hours after the market opens. I usually trade up to 5 contracts now - used to trade more. I need to hit my Net Daily Goal - within that 2 hour period - regardless - at 2 hours - I am done for the day. As far as how many Round Trips - it all depends on whether I am trading my old trading method - or the Algos. I actually prefer my old trading method - kind of gives my old brain some exercise. I go back and forth - trade both. I wouldn't do this in other threads - but since it is my thread - I decided to add some pictures - showing one of my Algos - mainly just playing around. I have several friends - in this forum - from many years ago - and we talk now and then. We talk about traders Backtesting_Optimizing_Curve Fitting (B_O_C) to get the best results - then turn the system on - and end up LOSING - as most will fail. In all the pictures above - NONE are B_O_C - although my systems can be B_O - that is NOT required. Personally - I find B_O - mostly BS. I don't care what happened a Month ago - a Year ago - and on and on. I love trading - and I am also a Developer. I have learned the hard way when it comes to Algorithmic Trading. My Algos - are NOT based on one or more Indicators - they are all about Price Action. I am only concerned about what is happening - on the Current Bar. I won't explain things here - in the forum - but you (Overnight - ONLY) are more than welcome to PM me - I will show you and explain some about the code - and I may let you watch the Algo working - in Real Time. It is my way of doing some A.I. - you might say some "dirty" A.I. - but the damn thing works - and that is all I care about. I live in between - the main Microsoft campus and the Google campus in Seattle area and I have programming friends at both - so I have received some pointers from professional coders. My Algos - do LOSE at times - but not often - don't want anyone to think they always win. I truly believe - the reason most traders fail - is they make things too complicated. I am no different - I have been there and done that - and almost went out of business - 25 plus years ago - more than once. I wish you much success with your trading.
After "Overnight" - made a comment in my thread - above - and then I responded - it made me do some thinking - so Overnight - I appreciate your comment - your questions. The following is some FREE advice - take it or not - up to the individual trader. I have been in this business for around 27 years now. Damn - seriously - as I am typing this - I just realized - over a half century. No wonder I am looking and feeling old. I have been trading the following setup for many years - very simple. I still trade it - along with one of the Algo setups - but actually - this is by far - my favorite setup. Traders - including myself - in my early years of trading - tend to make things way too complicated - by adding several indicators to their charts - and looking at too many charts - because they think they need this - and they need that - and soon - their charts are so Cluttered - they get confused - and they end up going out of business. And - that almost happened to me - more than once. The Support & Resistance Lines - are based on the Open of the Bar - NOT the High or Low - and for me - I find it to be more accurate. If you are doing a lot of Counter Trend trades - like I do - you don't really need the Green & Red Dots. Also - with the Green & Red Dots - I do Head & Shoulders - My Way - not like what you would see in a book. After purchasing a hell of a lot of Trading Books - and taking several expensive classes early on when I started trading - and still having many Ups & Downs - making money - then losing money - I finally decided to find my own way. I started printing charts everyday - looking for Patterns - trying to find a better way - and for me - I did. Having said that - what I do - may not work for other traders. While the Bottom Chart - offers many more trading setups when used together with the Top Chart - seriously - there is really NO NEED - for the Bottom Chart - if you are only doing doing CounterTrend trades. The point is - the Less Complicated your charts are - the better chance you have of making money from trading. You do NOT have to take Expensive classes - from me - or anyone else - just find a way to Keep Things Simple. Head and Shoulder - and CounterTrend trades (small sample - and there are many like this during the day) Large Candlesticks (both charts) - 7 Tick Range Bar Green & Red Dots (bottom chart) - Coded - based on One Tick Range Bar
The following chart - is the same as the Top Chart - immediately Above. I had to do this Fast - and I could NOT show all the Potential Trades available - and there were more - in a Short Period of Time. The point is - traders do NOT need a bunch of Indicators - just Keep It Simple. I did add the TRIX - an Indicator that comes with most charting platforms - and I set it up - to show some Potential Reversals. For me - I do NOT need any Indicators at all - just Support & Resistance - which gets rid of Cluttered Charts - which - in my opinion - is the root cause of most traders to go out of business. Also - see the 2 Trendlines - on the Left Side of the Chart - that is what I call - Walking the Trendline - which I used for years. See the early Posts in this Thread.
ES on Top - MES on Bottom 5 Trading Days 10 Tick Range Bars Scalping Setup Trading One Contract per Trade 4 Tick Profit Target Bizarro Code
While I trade mostly with my Algos now - in the past - for many years - this is the setup I used to Discretionary trade - and to this day - it is still my favorite way to trade. Sometimes - I will still use this Setup - because it is Simple - and Easy to trade and I really like it. I do a lot of Counter Trend trades between Support and Resistance. As you can see on the Top chart - the only thing needed to make a decision on whether to Enter a trade or not - are the Support and Resistance lines. There is really NO need to use a lot of Indicators. Many traders tend to overload their charts with Indicators - looking for the Signal to Enter a trade. I did the same thing in my early days of trading. There is One Indicator on the Bottom chart - the Green and Red dots - which I use to Divide the Bar up in One Tick Increments. I can trade - with the Top chart ONLY - or I can use the Bottom chart - for more potential Setups - which I will not talk about now. The point is - I can trade the Top chart by itself - or if I want more Setups - I can use the Bottom chart as well. So all you traders out there - who may be struggling - I just want say - try making your trading less complicated - you may be surprised how easy and rewarding trading can be. By the way - I only have this one workspace - don't need to look at a bunch of charts or indicators - to get confirmation to enter or exit a trade. More charts plus more indicators equals Confusion and Complication - which usually ends up with a trader losing. And - you do NOT need my Support and Resistance lines or the Green and Red dots. Draw your own lines - just about as simple as you can get. Seriously - you just need the Top chart with NO DAMN INDICATORS.
Thanks for those posts, and this Thread with some Serious Legs. Flow that blood baby... it doesn't take much to start. youtube.com/watch?v=HOz-1GdRCs4 No kidding, do this couple times a day for a while and who knows where it will lead.
---------------------------------- Looks like I said on that post - a "half century" - instead of a "quarter century" - guess that is what happens when you become a an old fossil.
ES and MES 30 days NO - Backtesting NO - Optimizing NO - Curve Fitting Trend Setup Single Contract per Entry Multiple Entries in Trend Single Exit I have some friends in this forum - going back many years. Based on our conversations - I decided to offer some advice to traders - whether they follow my advice or not - that is up to them. Many years ago - I was taught how to Backtest_Optimize to get the best results. Over the years - I tried many different Indicators - individual and combinations - and I Backtested_Optimized the hell out of them - and guess what - the Algos made money for a short time - and then most of them FAILED. So - I would Bactest_Optimize again - start the process all over. I finally decided - Automation was NOT for me. After some time - I eventually became a Scalper and to this day - that is how I prefer to trade. Having said that above - I have continued to develop Algos - for the purpose of going Full Auto - maybe someday. It is a trust issue for me - even as old as I am - I still prefer my Discretionary trading method. Please look at (#266 Dec 29, 2020) - "MyFavoriteDiscretionarySetup" - on a previous page - and #279 - #282 - #285 - that is my prefered setup. I use ONE Chart - NO need to Clutter up the screen with Multiple Charts - Multiple Indicators. I am all about keeping things as Simple as possible. I said it in another post - traders think they need this Indicator and that Indicator - and on and on - and the vast majority of traders who thing that way - will LOSE - and go out of business - and in my distant past - I was that trader - and I damn near went out of business - several times. The point I am trying to make is - try to keep things Simple - so you can React to what you see - NOT second guess yourself - believe me - I have been there. If you are coding - think about the following - the first two sentences The Algos I have now - for many years now - are NOT based on Indicators. They are based mostly on Pure Price Action - NOTHING else - and - while they can be Backtested_Optimized - there is NO NEED TO DO THAT. I do have some big money clients - that do use my Algos - and some - but not all - are Full Algo - but they have Servers - in Chicago and some other cities where Exchanges are located. The way I code now is much different than when I first became a Developer. The Algos can Scalp - Trend - or do Scalp_Trend combinations - all with the same code. The point of this post - is to get traders - especially traders who are having a problem trading - and not as successful as they want to be - to think about cleaning up their charts - try to Minimize their use of Indicators. This doesn't mean that Indicators have no value - they do - but my advice is - try to Simplify your charts - clean them up. Many years ago - that is what made the difference for me. I started out trading Equities - and I was at the point in my trading - I had to change - I had to quit blaming Market Maker_Specialist for my problems - and ACCEPT the fact that I WAS THE PROBLEM. I could go on - but I have probably already pi$$ed off some traders in this forum - so I will stop - for now - however - I do like to pi$$ off people at times - and I have proof - my lady - I seem to find a way to pi$$ her off - without even trying. Click on the picture to make it larger.
ES 10 days 25 Tick Range Bar NO - Backtesting NO - Optimizing NO - Curve Fitting NOT - based on Indicators Pure Price Action ONLY Entry Signal based on the Current Bar ONLY Trend Setup Single Entries - Single Exit Multiple Entries - Single Exit In my early days of trading - I tried just about every indicator I could find. When I started coding - all my coding was based on one or more indicators. While I did make money trading with my Algos - I did have many down days - which sometimes led to daily or weekly losses. So - I would code some more - trying to find the right indicator(s) that would provide consistent profits. And - I was never able to code an Algo using indicators - that was successful over a long period of time. That got me to thinking - I had started Scalping more and more - and doing well as a Discretionary trader - using Price Action on the Current Bar - I finally decided to focus my Algo coding on what I call - "Pure Price Action" ONLY - NO MORE DAMN INDICATORS. Since I had become mainly a Scalper - with some Short-Term Trend trades - I decided to focus on coding Algos - based on the Current Bar ONLY. Because of this change in my thinking - I found a way to code - where I do NOT need to Backtest_Optimize - although I can - if I want too. This may not make sense to most traders - as WE (including ME) - have been taught that we need to use this Indicator - or that Indicator - or a Combination of Indicators - in order to be Successful as a Trader. For ME - I have found that to be TOTAL BS. Having said that - YES - WE can make money using Indicators - but it is my belief - we need to use as few as possible. I spend part of the time trading the Algo Signals. But - for Fast Scalping - I still prefer the Bottom Picture - "My Favorite Trading Setup". With this setup - I do a lot of Counter Trend - Scalp trades - with some Short-Term Scalp_Trend combinations. Please notice the charts are NOT Cluttered with a lot of Indicators - which makes it easy and fast - when it comes to making a decision on what to do. The point of this post - is to encourage traders who are having trouble with their trading - to make their charts less Cluttered and Complicated - and if you do - you may be surprised how fast it could lead you to becoming a successful trader. Click on images to make them larger. Algo Signals Simple - Clean Chart Trade the Arrows My Favorite Trading Setup Counter Trend trades Green and Red Dots on the Bottom Chart - Only Indicator