Scalping the HSI & the K200 (SIM)

[CanOz]

Can I ask about what kind of setup you have that allows you to simulate scalping trades with market depth? How much does it cost?

Also what attracted you to trade the HSI, is it not notoriously difficult and unpredictable?

I'm using NinjaTrader with Interactive Brokers. NT cost about a 1000 USD or you can lease. It may be free to sim with, check their site www.ninjatrader,com

There are some data fees if you don't actually trade, but their negligible depending on how many and what markets you want data for.

The HSI is a mess :screwy: and i don't understand how TH does it, he must be special...:bowdown:

Pick a thicker market so you can learn what the heck is going on in the auction process first.

CanOz

 

[Trembling Hand]

Can I ask about what kind of setup you have that allows you to simulate scalping trades with market depth? How much does it cost?

Cheapest way is open an IB account and pay like $10 a month for the data (Honkers, Korea is free) and use Ninja trader which is free to sim.

Also what attracted you to trade the HSI, is it not notoriously difficult and unpredictable?

Huh?

EDIT: LOL at CanOz and I!!! :samurai:

 

[boofis]

Can I ask about what kind of setup you have that allows you to simulate scalping trades with market depth? How much does it cost?

CanOz is right, NT is free to lease you just have to pay when you want to start executing real trades. If you don't have an IB account (and don't have the 10k min. to be able to open one) then there's plenty of intraday data providers which you can sign on for a month and try e.g. eSignal, kinetick etc. If you can though, best way is IB.

 

[boofis]

May aswell pick up where CanOz left off. Am back trading this chasing r:r and am over night shifts.
Stats for the morning.

 

[waza1960]

Great stats if you keep that up your a hero lol

 

[boofis]

Haha, a long time before my fate is sealed yet

 

[Trembling Hand]

Stats for the morning.

They look exactly like mine......... except upside down!!

 

[boofis]

They look exactly like mine......... except upside down!!

Hmmm kospi drops through previous higher lows and seng pumps up through previous lower highs. Didn't realise they could diverge like that!

Haha, I'm already dreading the drawdown when my stats are upside down TH

 

[Trembling Hand]

Haha, I'm already dreading the drawdown when my stats are upside down TH

F me, days plays out exactly as I figured and look at this!!!!!



Just another day in paradise!

 

[CanOz]

F me, days plays out exactly as I figured and look at this!!!!!

View attachment 52159

Just another day in paradise!

Days like that must be exhausting....

 

[Trembling Hand]

Days like that must be exhausting....

Yep rather tiring..... :crap:

:drink:

 

[boofis]

Yep rather tiring..... :crap:

:drink:

You still got someone else easing the cost of those buyqty/sellqty columns or you a free and wild man these days?

 

[Trembling Hand]

Prop isn't much cheaper than IBs volume discount rate.

 

[boofis]

Prop isn't much cheaper than IBs volume discount rate.

Interesting. It definitely is for aus bonds paying $10 a rt, another big reason why I'm back with the seng.

 

[skc]

F me, days plays out exactly as I figured and look at this!!!!!

View attachment 52159

Just another day in paradise!

The HSI is HKD $50 a tick? So you are doing ~200x 23000 x $HKD 50 x 2 = $HKD460m a day, or ~$A60m volume? Doesn't sound like you are too far from doing $1b a month...

I do hope you are aiming for higher profitability!

 

[Trembling Hand]

I do hope you are aiming for higher profitability!

I'm just happy if my broker can afford a new fully optioned Porsche each year. (which he will very soon)

 

[boofis]

The stats......

The review...

GOOD
*Original trade idea was right.
*Readjusted risk and target levels during quiet periods.
*Over traded but did manage to put the brakes on and not go crazy.

Bad
*Doubted original trade idea and flipped wrongly for no valid reason.
*Overtraded once I had a couple of losses.
*Wasn't initiating trades as I saw them, was hesitant.
*Started to close profitable trades too early with no confirmation.

 

[boofis]

Morning results

IB doesn't seem to have anything to display stats about trades so all you're gonna get is the total number of trades and total in HKD sorry.

GOOD
*Didn't over trade
*Read the play right
*Didn't get squeezed out

BAD
*Didn't hit back in for the long move; too cautious after securing profit

Summary of trades: first trade picked up all the ticks, 2nd trade got stopped at B/E.

 

[Trembling Hand]

Morning results

IB doesn't seem to have anything to display stats about trades so all you're gonna get is the total number of trades and total in HKD sorry.

If you pay for NT you can still trade with IBs book trader and NT picks up the trades and keeps the stats.

 

[boofis]

If you pay for NT you can still trade with IBs book trader and NT picks up the trades and keeps the stats.

Shhhh, don't tell NT I'm still a free user.