Disliked{quote} Thanks for the details. Wouldn't ticks based on "volume" make more sense then when it comes to following the big boys which results in momentum in the right direction to piggyback on? Tick based on Buy and Sell volume would probably be even better I would think. I am still hurting from the mistake I did with AMP. During account opening, I chose their promotion of $300 day margin but little did I know that it comes with two caveats... 1) higher commission of $3/side and 2) trade size capped at 10 contracts. I was just anxious to open a live...Ignored
I have programmed NinjaTrader to help me with my trading. It doesn't do it for me it just let's me know when things are getting close. It relieves me of having to laser focus on the charts. Once in a trade other than on Friday when I set a specific target, I just manage the trade with some very specific rules. If it gets trending nicely I will just assign the stop to one of the moving averages and let NinjaTrader manage it for me. I guess you could call it semi-automated trading. If it takes me out too early I have specific rules for rejoining the trend. I like to make it as mechanical as possible.
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