testing
- Thread starter hayseed
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5/1/25 3;25pm cst.....
done for the day ..... missed the biggest drop, busy coding.....
will start again after market open this evening......
code is mq5 but placing trades manually in tradovate, apex.......
18 apex accounts..... made a fair amount..... not expecting 4 digits.....
idea needs both refinement and expansion......h
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trying for an apex 300k this week.....
if i fail, my total loss is 50$.....
if i pass, there will be some one time cme fees around 100$...... at that point my max loss will be around 150$......
so my total maximum outlay and maximum loss will be around 150$ for a 300k account......
what are the odds......
my estimation of someone passing a 300k prop firm evaluation in a manner that is survivable in the long term is less than 1%.....
25k or 50k might be 3%....... 300's are the most difficult...... 7500 trailing drawdown, 20k profit target.....
in any event, odds are not good.....h
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if i fail, my total loss is 50$.....
if i pass, there will be some one time cme fees around 100$...... at that point my max loss will be around 150$......
so my total maximum outlay and maximum loss will be around 150$ for a 300k account......
what are the odds......
my estimation of someone passing a 300k prop firm evaluation in a manner that is survivable in the long term is less than 1%.....
25k or 50k might be 3%....... 300's are the most difficult...... 7500 trailing drawdown, 20k profit target.....
in any event, odds are not good.....h
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hey jas...... it's by counting agreeing signals and approximate time they have left agree......
in the charts the 3 ma's are the hma(10), hma(20) and alma...... they will be aqua going up and magenta going down......
if we consider1 symbol and 3 timeframes, 15, 30 and 60, when all are going up on all 3 timeframes the count will be 9.....
at that point i'm waiting for the 1 or 5 minute ma's to all 3 turn the matching color or the price to break above the psar.....
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for the most part i'm only trading the dow/mym, s&p 500/mes , nasdaq/mnq and russell 2000/m2k futures......
so if we consider 3 symbols, if mym, mes, mnq all 3 have all 3 ma's aqua on all 3 timeframes, so a total of 27, it must be a very strong market...... so i feel more comfortable......
using the same idea but now the 30, 60, 240 and 1440 on all 3 symbols if 90% agree, i'll double the trade size...... 2 micros instead of 1......
the actual trigger is not so important when the higher timeframes agree ......
as for approximate time mentioned above, there must be a realistic amount of time all 9 or 27 can all be aqua or magenta...... lower tf's countertrend regularly...... trying to hold thru a lower timeframe retracement can really hurt......
i try to not put myself in that position.....h
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Thanks Man! But how do you avoid buying at the market top? You know MA's may take a while before turning/colour change, whereas price has begun a major retracement etc
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In other words you expect price to do a 3o min atr retrace, and then resume its trend?
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hey jas...... the charts in my last few posts had more to do with selling than buying..... but the concept is the same.....
can you always avoid buying at the top or selling at the bottom, most likely not...... i can't for sure....... but it might be hard to consistently buy at the top unless someone was chasing the market..... and please keep in mind my trade size will be embarrassing small.....
if by chance we buy at the top, this is where the best loser wins comes into play..... many times i've looked back at a large loss and said why didn't i get out there, or there, or......
this is also where approximate time they have left agree mentioned above comes into play..... there is an average number of bars all ma type indicators will maintain the same signal..... it's around 6 bars for the hma......
so if i buy when the hma(20) has been green for 10 bars while it's average is 6, i'm asking for trouble...... doing so gives a high risk of buying at the top as you mentioned..... it still might be worth it, just not for me.....
now if the 15 minute hma(20) just turned green, the market must have been previously been falling so we should be below the top, somewhat.....
during periods, or even a single bar, when the 240 and 1440 are all green, there will be many both buy and sell signals in agreement on the 15, 30 and 60 charts..... in other words, both the 240 and 1440 say buy, while the 15, 30, 60 all completely say sell......
all i need is a single micro mym trade and a single 30 minute atr...... that gives a little over 50$ per account per day...... h
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current open trade in the 300k evaluation...... 5 minute stochastic is falling..... good example of bad location......
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Wow thanks. I wonder what you think of GC and its wild behaviour.... I'll certainly stick around and ask alot if you don't mind..
gold is similar to the nasdaq and oex/s&p 100 options, they demand your undivided attention......
with the exception of a few days a month, gold is too risky for me..... i do trade gold only during the asian session on those select days when everything agrees and the prior day's movement was smooth...... that's a quite well known trick.....
i have one computer with multiple monitors that watches all the daily charts only...... i look at it first......
and please keep in mind, all i'm after is 50$ per account...... 20 accounts but some accounts might not trade but a few times a week......h
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with the exception of a few days a month, gold is too risky for me..... i do trade gold only during the asian session on those select days when everything agrees and the prior day's movement was smooth...... that's a quite well known trick.....
i have one computer with multiple monitors that watches all the daily charts only...... i look at it first......
and please keep in mind, all i'm after is 50$ per account...... 20 accounts but some accounts might not trade but a few times a week......h
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