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Synthetic indices trading

  • #1
  • First Post: Dec 8, 2020 7:50am Dec 8, 2020 7:50am
I'd given this Synthetic Index trading a go a long while back during the global lock-down blew some deposits chasing Crashes and booms and then taking on VIX 75 un initiated.

I have taken some time to observe this beast and try and find something that would be consistent for profiting every single day I trade it cos I don't believe a day trader should have a negative day at worst a break even day but the volatility in this Synthetics is too much for one to go home empty handed.

The leverage is massive but my philosophy is minimal movement massive gain.

So I started a couple of days back with $15 grew it to $51 by last week Friday, gave away $19 on Saturday and sat back to see where I went wrong.
I realized I was fixated on one timeframe and should actually have a control time frame and an entry time frame so I'm back today and had time for 3 entries but caught only 2.

I will be posting my charts and account statement here as a journal let's see where this leads.

The Control Chart
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The Entry Chart
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Let it turn and find your entry.
  • #2
  • Dec 8, 2020 10:41am Dec 8, 2020 10:41am
Friday's results
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Saturdays foibles
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Let it turn and find your entry.
  • #3
  • Dec 8, 2020 10:43am Dec 8, 2020 10:43am
So today with reduced lot size and 2 well executed entries and exits
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #4
  • Dec 11, 2020 4:53am Dec 11, 2020 4:53am
I've not had enough time to give to trading but today fired 2 shots, a lot left on the table as I'm still learning my own strategy verifying my entries and exits.

Control Chart
Attached Image (click to enlarge)
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Entry Chart
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One could trade off the control chart but the entry chart gives precise entry points.
Let it turn and find your entry.
  • #5
  • Dec 11, 2020 6:23am Dec 11, 2020 6:23am
Very funny how FOMO can wreck accounts, I saw that my daily target of $10 was short by $0.37 so I went in to get it (as if the market owes me) I lost and didn't cut the trade on time (living in hope land). i saw it as a trend reversal and went in a little earlier thanks to the Entry Chart trigger.

Attachment g
Went in on a BB Squeeze Breakout and add on when the move crystallized, exited at a previous support level only for the drop to continue. Attachment g
Looks so promising.
Let it turn and find your entry.
  • #6
  • Dec 11, 2020 6:31am Dec 11, 2020 6:31am
Here's the results for today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-12-11-13-28-44-237_net.metaquotes.metatrader5.jpg Size: 358 KB
Let it turn and find your entry.
  • #7
  • Dec 21, 2020 8:41am Dec 21, 2020 8:41am
Just need to be consistent and shoot for the moon.

Started the day late after some time away from live trading.
Attachment gI missed the opportunity to ride drop and ended up with a losing trade as I was triggered to join the fake continuation.
I was able to join the reversal rally but I didn't hold on for long to milk the trend.after reaching my daily target of 5000 points, I started taking bits out of the market especially when it seems the platform was slowing down .
Attachment g
Ended the day well doesn't seem like I will need to increase my deposit to trade larger lots, daily hitting that target will be enough.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-12-21-15-31-52-660_net.metaquotes.metatrader5.jpg Size: 124 KB
Let it turn and find your entry.
  • #8
  • Apr 2, 2021 8:17am Apr 2, 2021 8:17am
Hi Interpidpips!

Interesting thread you have here. Would you mind sharing your template? I'd like to follow along.
Invincibility lies in the defence; the possibility of victory in the attack
  • #9
  • Apr 7, 2021 12:42pm Apr 7, 2021 12:42pm
Quoting BBalazs
Hi Interpidpips! Interesting thread you have here. Would you mind sharing your template? I'd like to follow along.
Just seeing this will soon do that, it's evolving
Let it turn and find your entry.
  • #10
  • Apr 7, 2021 12:51pm Apr 7, 2021 12:51pm
I have blown countless accounts and I see looking back that the 2 most crucial reasons for this is.

1 Taking less than the market takes from me.
2 Second guessing my valid signals.

The second reason is more hurtful than the 1st, the lost opportunities for recovery and account growth kill more than having your stop loss hit like 8 times in a row.

I decided to come back to keeping my journal so I can hold myself accountable, when I finally eliminate those (untaken) signals I should have a continually rising equity curve.

Today was a good day, would have been better if I didn't second guess some signals
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #11
  • Apr 7, 2021 12:54pm Apr 7, 2021 12:54pm
The template is evolving I think it's 95% ready.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #12
  • Apr 8, 2021 3:59am Apr 8, 2021 3:59am
Keep your chin up!!, good work. every day we learn. am doing my research on synthetic indices trading and came across your journal. will follow this journey. Could you shed some light on your template, the indicators you're using and what you seek to enter a trade? (If its not much of asking)
  • #13
  • Apr 8, 2021 7:22am Apr 8, 2021 7:22am
Quoting Baite
Keep your chin up!!, good work. every day we learn. am doing my research on synthetic indices trading and came across your journal. will follow this journey. Could you shed some light on your template, the indicators you're using and what you seek to enter a trade? (If its not much of asking)

It's been a long journey of sweat, tears, frustration, highs and lows and of course margin calls.

Basically I'm trading the Ichimoku trend on the M12 time frame taking entries on the M3.
M12 view
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Here's the inspiration
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Stripping it a little
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Taking out all the clutter
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Now see those verticle lines in the M3 entry chart
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Let it turn and find your entry.
  • #14
  • Apr 8, 2021 7:32am Apr 8, 2021 7:32am
Quoting Intrepidpips
{quote} It's been a long journey of sweat, tears, frustration, highs and lows and of course margin calls. Basically I'm trading the Ichimoku trend on the M12 time frame taking entries on the M3. M12 view{image} Here's the inspiration {image} Stripping it a little {image} Taking out all the clutter {image} Now see those verticle lines in the M3 entry chart {image}
The entry method is to "curve-fit" the M12 "Tenkan-sen" of the Ichimoku Indie into the M3 timeframe and enter with the MACD and the Disparity Index
Attached Image (click to enlarge)
Click to Enlarge Name: CLD TRD 09.png Size: 78 KB
Let it turn and find your entry.
  • #15
  • Apr 8, 2021 7:43am Apr 8, 2021 7:43am
Quoting Intrepidpips
{quote} It's been a long journey of sweat, tears, frustration, highs and lows and of course margin calls. Basically I'm trading the Ichimoku trend on the M12 time frame taking entries on the M3. M12 view{image} Here's the inspiration {image} Stripping it a little {image} Taking out all the clutter {image} Now see those verticle lines in the M3 entry chart {image}
Thanks, appreciated. Lots of learning for me and others.
  • #16
  • Apr 8, 2021 7:56am Apr 8, 2021 7:56am
They say "trase what you see, not what you expect"
Attached Image (click to enlarge)
Click to Enlarge Name: CLD TRD 11.png Size: 83 KB
Let it turn and find your entry.
  • #17
  • Apr 8, 2021 8:35am Apr 8, 2021 8:35am
Quoting BBalazs
Hi Interpidpips! Interesting thread you have here. Would you mind sharing your template? I'd like to follow along.

Try this candle bars out
Attached File(s)
File Type: ex5 breakoutbarstrend.ex5   24 KB | 646 downloads
File Type: mq5 breakoutbarstrend.mq5   8 KB | 605 downloads
Let it turn and find your entry.
  • #18
  • Apr 8, 2021 11:16am Apr 8, 2021 11:16am
This stuff works on M1 as well and it seems it's "safer" there.
Attachment g




It also works on Step Index
Attachment g
Let it turn and find your entry.
  • #19
  • Apr 10, 2021 8:26am Apr 10, 2021 8:26am
I stumbled on something today and it's gptta be the simplest most effective strategy of all.

The template is so easy to create and follow.
Attachment f
It works well on all time frames but I think M3 is the safest lowest time frame to take on.
Attachment g

M1 gives earlier and multiple entries.
Attachment g
Let it turn and find your entry.
  • #20
  • Apr 10, 2021 8:33am Apr 10, 2021 8:33am
Quoting Intrepidpips
I stumbled on something today and it's gptta be the simplest most effective strategy of all. The template is so easy to create and follow. 3911628 It works well on all time frames but I think M3 is the safest lowest time frame to take on. 3911627 M1 gives earlier and multiple entries. 3911626

A typical M1 entry
Attached Image (click to enlarge)
Click to Enlarge Name: ALFA 03.png Size: 136 KB
Let it turn and find your entry.
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