pimind

I have attached a simple indicator that easily lets me know how many pips or points to the moving average. I am determined to get all the money i have lost trading against the trend. I came up with this to help me decide how much room there is. For me it is easier to quickly look and see if it is worth it. I'm sure that this could be improved. Right now it is a simple ma, function can be changed other moving averages, or indicators. It could even be implemented to show the actual amount next to candle on chart, using the same concept as ticks to go. Anyway. enjoy. I'm sure that there must be already something like this out there . I didn't bother looking because it was easy enough to write it. I also have it scaled for 4 decimals. DISTANCETOMA.ELD

Started trading early this morning to trade some currencies. Didn't catch much about break even. Caught a nice end of trend signal. on the sinewave and was determined to make money on it I set a large 7 point stop, i was using a 30 min chart. I was determined to let it run until I got an exit signal. well no exit signal but i'm done today and happy. I may move to longer time frame charts. Less work, less trading and less commission to brokers. I'll try again fri. good trading everyone.

Thanks I really appreciate it and i'm sure other users do as well. I'm having a little trouble following you. The second code you posted looks like a function. It looks very similar to the function that is already in tradestation. I guess the problem I'm having and I believe wlnw is having is incorporating the function into the first code you posted. Thanks again for your input.

Bob, If you could be so kind and post the code of it used on the TRIX that you use, I'm sure we could learn and apply it to other oscillators. Thanks

I had plenty of that today.

Clicking my mouse in the hot sun I fought the trend and the trend won I fought the trend and the trend won I needed money cause I lost some I fought the trend and the trend won I fought the trend and the trend won I lost my money and it feels so bad Guess my trading is done It was the worst run I ever had I fought the trend and the trend won I fought the trend and the trend won **** I'm down 896 on 20 trades, was down $1200. Made stupid countertrend trades all day and just happened to pick the ones with no meat. Gap didn't fill , no big sell off after the close, should have jumped on the trend when it was obvius this morning, but shoulda coulda doesn't pay the bills, these are my worse days. I always think How much higher can it go, :doh: I no the answer as high as it wants. The funny thing is taking a pullback is less risky then countertrending, so yes today i fought the trend and trend won. I am now 100% wrong when i fight the trend. lol.

I feel your pain all my losses where shorts and to rub it in I got stopped out on a huge loss at the high before it turned and of course it went down under my short .

Having a horrible day, I have not been following my plan and getting horrible fills. Trying to stick with the plan this afternoon and hopefully can get to even. :crap:

Here are my traes for today. Could have been a much better day but muissed a couple of trades and got out way to early on a couple. I was scalping today. Good weekend. Happy trading.

Trades for wed-thur. Didn't trade on mon-tue. Had 6 trades one small loss. It was not in my trading plan it was a gamble and didn't pay off I had a tight stop . Its keeps it fun sometimes.

Even if there was that one indicator that was right 95% of the time, their are people that would still try to use other indicators to try to improve that. It has been said that 70% of trading is mental. Most systems will make you money if you follow the rules and use good money management. I for one use to spend more time looking for and trying new indicators and systems than actually using them. I bounced and bounced. Wasted much time. :crap:.

I agree with bathrobe the sim doesn't factor in the most important factor of trading your head. The fear and greed aspect can't be simulated, Example in a sim account you will normally enter the trade set you profit and loss and wait. Easy right. Well of course it is it is not real money. I actually performed a small test with my 10 year old. I explained a simple moving average method using a 13 period MA and ttm ttm trend. She performed well followed the directions and played it like a game. The rules where followed to the T about 95% of the time. She said it was easy and couldn't understand that I actually did this for a living. I then told her that her allowance would depend on how much money she made she also wanted a new laptop so I told her she would have to trade for it. Well guess what happened next. Everything changed . She took quick profits and stopped following the rules. Greed and fear took over. This quickly proved top me anyway the sim trading doesn't work. Aside from learing the nuances of trading software, or a new system and indicators.

Has any used the % Trailing stop in Tradestation to autotrade. I have justed used it to back test and the system looks good. I was wondering if anyone has used it in actual live trading and was wondering how it performs. Thanks

Took some stupid trades and whole day was :crap: managed to get back a little above even. Well I guess im lucky and monday is another day. Gave a good weekend everyone.

I think we could all benefit from KISS which i believe is rooted in a well established theroy "Occam's Razor". Those unfamiliar with this concept it simply states that "when you have two competing theories which make exactly the same predictions, the one that is simpler is the better".

Isn't the basic essence of trading an attempt to predict the stock market or at the very least an attempt to predict the movement of the instrument we are trading?

Traded a few 3 tick scalps today. Kids on vaca so no time to follow the charts for any length of time. Here are the trades:

I just kicked the power cord and unplugged my UPS. It started beeping and It freaked me out. Anyway it made me think of stupid things :doh: we do when we trade. I know many things maybe be common sense but as i received in a email today common sense is dead. This is intended to be a breather from our trading activities, and we can share some of our stupid mistakes and maybe even laugh at ourselves. So I'll Start it . 1. Kicked the UPS cord and couldn't figure out what happened. "Remove UPS and power strip from underneath desk"

It doesn't hurt to have the odds in your favor. Here is a sample report for the last two years. It uses exchange time. The time frame is 8:28 open and a 3:00 close. the fill is 80%. It took me a while to figure out why most traders lose and why i was losing. I believe that we all think that there must be a better way, yet if we happen to find it we never think it is good enough and try to change it, ignore it, or not believe it. It took me a while to not only realize this, but to truly adopt it. Trading is hard not because of the markets, but because of our own hangups," Its all in your head". Master yourself and you will master trading. For me I'm still working on it. 1-Minute TTG GAP ANALYSIS REPORT for @ES from 2007/4/23 to 2009/4/23 Minimum Gap of 1.00 and Maximum Gap of 5.00 pts A gap is considered closed if 80% of the Gap is filled Number of days tested: 517 Number of gaps found: 181 (GapUp: 107, GapDn: 74) Number of gaps filled: 151 (GapUp: 92, GapDn: 59) Percent gaps filled: 83.4% (GapUp: 86.0%, GapDn: 79.7%) Gaps filled on: Mondays 30/44 68.18% Tuesdays 23/27 85.19% Wednesdays 35/39 89.74% Thursdays 34/38 89.47% Fridays 29/33 87.88% Time Period GapUp GapDn %GapsFilled 929 - 930 3 1 2.6% 930 - 931 15 13 18.5% 931 - 932 3 1 2.6% 932 - 933 7 2 6.0% 933 - 934 12 0 7.9% 934 - 935 2 2 2.6% 935 - 936 4 3 4.6% 936 - 937 2 2 2.6% 937 - 938 1 4 3.3% 938 - 939 6 1 4.6% 939 - 940 1 0 0.7% 940 - 941 2 1 2.0% 942 - 943 3 1 2.6% 943 - 944 0 1 0.7% 944 - 945 1 0 0.7% 945 - 946 1 2 2.0% 946 - 947 1 1 1.3% 947 - 948 2 1 2.0% 948 - 949 1 0 0.7% 950 - 951 0 1 0.7% 951 - 952 0 1 0.7% 952 - 953 2 0 1.3% 953 - 954 0 1 0.7% 954 - 955 1 1 1.3% 956 - 957 2 1 2.0% 957 - 958 1 0 0.7% 958 - 959 1 0 0.7% 1000 - 1001 1 0 0.7% 1002 - 1003 0 1 0.7% 1003 - 1004 1 0 0.7% 1005 - 1006 0 1 0.7% 1006 - 1007 1 2 2.0% 1008 - 1009 0 2 1.3% 1009 - 1010 0 1 0.7% 1010 - 1011 1 0 0.7% 1014 - 1015 0 1 0.7% 1024 - 1025 1 1 1.3% 1026 - 1027 1 0 0.7% 1030 - 1031 1 1 1.3% 1032 - 1033 0 1 0.7% 1035 - 1036 2 0 1.3% 1036 - 1037 0 1 0.7% 1039 - 1040 1 0 0.7% 1046 - 1047 1 0 0.7% 1050 - 1051 0 1 0.7% 1106 - 1107 1 0 0.7% 1133 - 1134 1 0 0.7% 1139 - 1140 0 1 0.7% 1214 - 1215 1 0 0.7%

I have another version of the TTM scalper attached. It does paint in the past. Having read carters book this is the way it is suppose to work. You get the scalper alert then enter the market. This happens on the second bar. It seems to work well on trends, but seeing you don't know a trend is about to happen it is only a indicator. If anyone can code the second bar to paint then it will be easier visually. SCALPER.ELD

I have software that i bought from tradethegap.com (I think it was from there) I don't see it offered anymore. Anyway it produces reports and tells you the % of gap fills and % of gaps fills etc. I find it pretty usefull.

I think we are on the same page. You should use a sim to learn the software. and to try a new system or a new instrument. I agree. But I guess im tired of seeing people post sim results like they mean anything. When I first started I sim traded for a while I did very well, I traded the account size i was going to trade for real, I used the same money mangement, etc. I was so excited I strated thinking of the things I would buy. Then I started trading for real and everything changed stop were hit more often profit targets were just missed. The whole game had changed. I quickly blew out half of my account. Reality had set in. This is NOT a SIM this is REAL. Thankfully I step back and adjusted my mentality. That and the fear of trying to find a job I guess. So just a word of advice for newbies, demo to learn the software and sytem, then trade min amounts.

I normally trade the TF. My biggest problem is ghetting out of the trade to early. I was in this trade fo 3 minutes. I took the quick profit and then watched it run for another 4point point before any sign of reversing. I took the trade at 9:30am EST and exited 3 minutes later. All my trades are real money, I am a firm believer that unless you use real money it is just a game and means nothing. Demo trade to learn the system and software but any results are completely useless. 42209.bmp