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Nik-Nyc replied Apr 27, 2019Vee, Not surprised to see this type of rigor, but lets take a quick step back. Few very basic questions: 1- Do you have an alert/s study that will signal when your conditions are met? 2- One for long, and another for short? 3- Also, what type of ...
Staying In My Lane - A Read-Only Journ(al/ey)
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Nik-Nyc replied Apr 27, 2019V, I commend you for not deploying your algo, since you are not yet satisfied with its results. I see quite a bit of frustration in your posts above, which is actually a positive sign because it indicates you are pushing forward. Keep pushing ...
Staying In My Lane - A Read-Only Journ(al/ey)
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Nik-Nyc replied Apr 24, 2019Awesome, looking forward to the exchange of ideas. Subscribed!
Trade another day through Systematic Trading
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Nik-Nyc replied Apr 22, 2019Lets be very clear hilmy, the reason i stop by this thread is because you have occasionally solicited comments and advice from other traders. My participation here is for your benefit. Since you clearly don't see it that way, there is not need to ...
(binned per thread starter’s request) Give me your money
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Nik-Nyc replied Apr 22, 2019Its not my name on the door Hilmy, this is your journey and thread. Whether you like it or not, CONSISTENCY will be the determining factor is your results. Embrace it, its mandatory.
(binned per thread starter’s request) Give me your money
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Nik-Nyc replied Apr 22, 2019H, Personally i don't trade with a daily target. However, it is solid advice for any new or struggling trader, especially those with discipline problems. The magic in this business comes from CONSISTENCY, not getting more ticks per day/trade (aka ...
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Nik-Nyc replied Apr 22, 2019Trading ES with only 5 contracts, 20t daily target, you can exceed those results easily. On the other hand, you can trade that in a day an not even be a blip on the radar (50 contracts ES).
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Nik-Nyc replied Apr 16, 2019I can vouch for cts and cqg with amp... TT and Rithmic are also good but I use them on other clearing firms.
Plan the Trade
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Nik-Nyc replied Apr 6, 2019DD, I added dates to the bottom of this post, however, its important to understand that a black/grey swan type event is not required for a Stop Market order to not be "respected". If you really want to understand the risk i described, these are much ...
Plan the Trade
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Nik-Nyc replied Apr 5, 2019V, You need to be enjoying your vacation, not worrying about liquidity gaps. Go get a cocktail with an umbrella in it. When you get back i'll share a few algo functions that can help mitigate the risks. These are what some of big boys use. Then ...
Plan the Trade
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Nik-Nyc replied Apr 5, 2019DD, I just wanted to point out that illiquidity events do occur, not often, but often enough to consider how to potentially mitigate the risk. If your Stop market order is not matched, eventually isn't resubmitted, and then the market runs ...
Plan the Trade
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Nik-Nyc replied Apr 5, 2019This is only partially true. If there is a liquidity gap and your Stop Market order does not find a match after few attempts, your order will need to be resubmitted, manually. These events are rare, but do occur.
Plan the Trade
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Nik-Nyc replied Mar 27, 2019It's never about the $$$, it's always about the RR. Real $$$ is a product of position sizing, and position sizing is determined by two factors: Consistency & Avg.RR Judging performance based on $$$ is a poor idea. Take care, and looking forward to ...
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Nik-Nyc replied Mar 27, 2019Hey H, Kudos for the transparency and positive attitude given the last couple of day. Now for some tough love. I understand that this strategy is a work in progress, version 16, and indeed this thread is a journal of that journey. Fair enough. ...
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Nik-Nyc replied Mar 21, 2019You are incorrect. Davit: url Further discussion: url It's unfortunately only a question of time before the margin call. Many people have warned him, and math is not an opinion, but these are his choices, and in the end, he shall only have ...
Trading Made Simple
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Nik-Nyc replied Mar 21, 2019-make sure “scale-out” is selected in the options of the trade window -if SL and TP are placed programmatically then “use attached orders” must be checked or you won’t be able to move those lines
Plan the Trade
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Nik-Nyc replied Mar 20, 2019There are many benefits, but latency is usually the first. Any trader on lower timeframes will see a benefit with all aspects of execution, whether algo or manual. Redundancy is another great benefit. All depends on your definition of "need" . . . ...
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Nik-Nyc replied Mar 20, 2019CME co-located server in Aurora with dedicated equipment is $750/month. Plus the hardware.
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Nik-Nyc replied Mar 20, 2019Price only moves because of executed transactions on the bid/ask. Therefore, price is a consequence of what happens on the book. Can price alone entice a buyer/seller? Sure, but that transaction will have to occur on the book. Everyone is entitled ...
Plan the Trade
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Nik-Nyc replied Mar 18, 2019No, it is not common sense, it is foolish and very naive. If you know the rules of the system, then another traders execution should hold no value to you. Its all about how YOU execute, not anybody else. Furthermore, basing your belief in a system ...
Plan the Trade