Become the casino
- #8,682
- Oct 6, 2015 8:44am Oct 6, 2015 8:44am
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
Become the casino
- #8,685
- Oct 6, 2015 9:30am Oct 6, 2015 9:30am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
hey JT nah just sticking with 18r it eliminates the noise not to say that 13r doesn't work but I have decided 1 chart 1 net win a day just like I use to do trading forex it was very profitable for me then and it should prove profitable here too. just trade more contracts ye ole less is more approach
... tks for the update, H.I net win a day sounds good to me...
- #8,686
- Oct 6, 2015 9:31am Oct 6, 2015 9:31am
- Joined Jul 2010 | Status: Trader | 9,189 Posts
{quote} That'll teach me to stay up to date
- #8,687
- Oct 6, 2015 9:55am Oct 6, 2015 9:55am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
Jumped the gun (as I was still looking at the R13 out of the corner of one eye), but nevertheless I wanted to show you what I did with my trailing stop awhile back. This was based on the observation that CL often jumps way beyond +15 from our entry setups.
My base preset is 15 stop 30 target, but with the added stop strategy in my image below. Translation : at +8, stop to b/e +1; at +13 ("Profit trigger") a 5 tick trailing stop is activated ("Stop loss"), which moves every 2 tick increase ("Frequency"). This is a very tight trail, but my intention is to give just a little room, without giving back too much and just maybe occasionally hitting +30 (maybe I should make it higher), in this case +25.
Looking at some of the screenshots posted in this thread of the Sierra Chart trade management module, it may also be possible to do this in SC, but relax and have a whisky first
...
My base preset is 15 stop 30 target, but with the added stop strategy in my image below. Translation : at +8, stop to b/e +1; at +13 ("Profit trigger") a 5 tick trailing stop is activated ("Stop loss"), which moves every 2 tick increase ("Frequency"). This is a very tight trail, but my intention is to give just a little room, without giving back too much and just maybe occasionally hitting +30 (maybe I should make it higher), in this case +25.
Looking at some of the screenshots posted in this thread of the Sierra Chart trade management module, it may also be possible to do this in SC, but relax and have a whisky first
...
- #8,690
- Oct 6, 2015 10:09am Oct 6, 2015 10:09am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
We are done for the day 
...
(Edit : my 600th post since '06... that's over 1 per week, I must be overdoing it...)
...(Edit : my 600th post since '06... that's over 1 per week, I must be overdoing it...)
- #8,691
- Oct 6, 2015 10:10am Oct 6, 2015 10:10am
- Joined Jul 2010 | Status: Trader | 9,189 Posts
We are done for the day
- #8,692
- Oct 6, 2015 10:17am Oct 6, 2015 10:17am
- Joined Jul 2010 | Status: Trader | 9,189 Posts
We are done for the day