Futures trading journal - GB

[Captain_Chaza]

Have you got any Money Left? To do this Trade?
My reckonings show that you have been stopped out too many times!
These are not FREE
How Many Losses do you have to have Before you go down with the ship?

Unless you start to do " Paper Trading" You will never know where you stand

From my experience
This usually takes about 3 years
However
If you take the Fundamentalist's approach
They say ,You can do it in 3 days

All you need is
Great Preparation and Lots of Luck

 

[Gringotts Bank]

Price went close to stop, then back to entry price = break even on this trade.

Long ES

View attachment 148518

 

[Gringotts Bank]

Have you got any Money Left? To do this Trade?
My reckonings show that you have been stopped out too many times!
These are not FREE
How Many Losses do you have to have Before you go down with the ship?

Unless you start to do " Paper Trading" You will never know where you stand

From my experience
This usually takes about 3 years
However
If you take the Fundamentalist's approach
They say ,You can do it in 3 days

All you need is
Great Preparation and Lots of Luck
View attachment 148522

Why are you trying to pull people down? I don't even know you, and you don't know me.

 

[Gringotts Bank]

Been backtesting this using AB and Tradingview. Quite a task for me as a non-programmer.

Finding out a few things not obvious to eyeball testing, especially the importance of the higher TF as Mod said. And I think in real trading I will make far fewer trades.

TV's backtester is accurate but not as good at AB, and Pinescript seems verbose compared to AFL. You can't enter/exit at a specified buy or sellprice, only on the open of the next bar. The equity curve only updates with straight lines, not per bar.

Will be nice if this one holds up in forward testing.

 

[Gringotts Bank]

Long Gold.

 

[Captain_Chaza]

Long Gold.

View attachment 148673

LONG at What price?
I LOVE to Watch!

 

[Gringotts Bank]

LONG at What price?
I LOVE to Watch!
View attachment 148676

Yes, you seem like the sort of guy who likes to watch. What drives that?

 

[Gringotts Bank]

Gold trade went 3/4 towards its target then reversed. Break even.

The coded system I'm backtesting for gold was ok, but that's a different thing more in line with what I might do with real trading. Much wider stops. Backtesting of HSI makes me wonder how you'd ever trade such a contract. It doesn't mean revert at all. Oil similar, but at least it reverts a bit. ES is still the best MR contract.

 

[Gringotts Bank]

Only ES and GC have proven profitable in backtesting (for me, with this approach), so will trade those contracts' signals from now on. Slightly different rules from the beginning of the thread. Things were bound to change a bit.

Trade shown missed target by a few ticks, then reversed. Another break even.

Watching 3736 level on ES to see how it behaves around there. Weekly fair val gap.

 

[Gringotts Bank]

This level (3736) would be on a lot of traders' charts. There's no stopping volume coming in yet. So, it's looking quite bearish.

 

[Gringotts Bank]

ES long at 3744.

 

[Gringotts Bank]

ES still in play. The system uses a very wide stop.

Long Gold. T and S shown. Gold system uses narrower stop.

Both systems have targets other than the profit level which are based on the FVGs overhead (purple lines).

 

[Gringotts Bank]

Win on GC trade. That was quick. The system tends to have much closer stops from the purple lines as the price rises. One appeared, it was crossed from below, and I'm out. 19 ticks only.

 

[rnr]

Win on GC trade. That was quick. The system tends to have much closer stops from the purple lines as the price rises. One appeared, it was crossed from below, and I'm out. 19 ticks only.

View attachment 148827

And now on the way north again?

 

[Gringotts Bank]

And now on the way north again?

Hopefully.

Just recently I've changed to trade the backtested system which is a bit different to the initial rules. Only ES and gold.

With the system described in the first post of this thread, I think I was ahead by a small margin when I stopped. Backtesting helped uncover some issues and I'm now trading an improved version.

I'm still not settled on something I'd trade live yet.

 

[Gringotts Bank]

ES long at 3744.


View attachment 148809

ES trade closed for a win. Wide stops helped here.

 

[Gringotts Bank]

There were two other quick trades in gold. One small loser, one win.

 

[Gringotts Bank]

Another two profitable gold trades whilst asleep.

Raises the question - how the heck am I going to trade any of these systems?

 

[Gringotts Bank]

Long ES

 

[Gringotts Bank]

W