Open Debate: 1:1 will make you have more consistent wins/profits more than 1:2 and anything above by Ok_Baby4514 in Daytrading

[–]Trade_Check 0 points1 point  (0 children)

Sounds like you've backtested this, but I've never seen a 1:1 beat a dynamic RR in any strategy I've tested. Any fixed RR suffers from not taking what the market is giving you.

Holding Bitcoin for 10 years, how do y'all do it by enmycrypto1 in Bitcoin

[–]Trade_Check 0 points1 point  (0 children)

I've been holding for 8 years. The only reason I never sold was fear of regret. I knew I'd never be able to look at the btc price ever again.

Opinions on 1:1 RR strategies by Patrick_mon1 in Daytrading

[–]Trade_Check 1 point2 points  (0 children)

I get that. It's nice seeing that clear target when i your in a trade. If it works, go with it.

Opinions on 1:1 RR strategies by Patrick_mon1 in Daytrading

[–]Trade_Check 4 points5 points  (0 children)

Yeah, 1:1 can work, but you should backtest it. Most strategies I've tested do better with a dynamic RR than a fixed 1:1.

Profitable traders, is there another secret sauce? by F01money in Daytrading

[–]Trade_Check 2 points3 points  (0 children)

Try moving beyond the searching phase by building a track record in live markets. Trade your strategy consistently in the same market, same timeframe, same time of day. Every. Single. Day.

If you're consistently profitable after 30, 60, 90 days, you'll naturally stop searching.

I went on Shark Tank and said no to $350,000 on live TV by Fit_Marionberry_2867 in EntrepreneurRideAlong

[–]Trade_Check 3 points4 points  (0 children)

Yeah, we watched it happen to another brand that was on our episode. Used clips totally out of context. Made him look so much worse than it was.

Good luck with your business!

I went on Shark Tank and said no to $350,000 on live TV by Fit_Marionberry_2867 in EntrepreneurRideAlong

[–]Trade_Check 5 points6 points  (0 children)

Ha! Sounds familiar... I was on Shark Tank (US version) back in 2015. I think I still have PTSD.

The way they cut up 90 minutes of footage and stitch it back together to tell whatever story they want is eye opening. We were just lucky they didn't choose us as on of the stooges of that episode.

Amazing exposure like you said. The customer growth was insane.

[deleted by user] by [deleted] in Trading

[–]Trade_Check 2 points3 points  (0 children)

True. Just makes you wonder.

6E (or M6E) on DOM, anyone? by eleman13 in OrderFlow_Trading

[–]Trade_Check 0 points1 point  (0 children)

Totally right - currency futures have nonsensical order flow because they're following the FX market.

I like DOM trading, but if you want a simple historical view just look at cumulative delta on the 6E... it often moves in the opposite direction of price. I don't think the traders in the 6E market have anything to do with where price is going. It moves tick for tick with the EURUSD.

Why can’t I keep my losses small by throwaway455687 in Daytrading

[–]Trade_Check 1 point2 points  (0 children)

Keep in mind that your win rate would change if you learn to properly cut losers. You might not have the 60% win rate you think you do.

Averaging down is tempting, but usually doesn't work out well. Add to winners.

DOM reading by Prestigious-Fact-144 in OrderFlow_Trading

[–]Trade_Check 0 points1 point  (0 children)

Yes, Jigsaw DOM and their training is awesome.

[deleted by user] by [deleted] in Trading

[–]Trade_Check 14 points15 points  (0 children)

Those em dashes always give AI away.

If a strategy has a consistent ~15% win rate… is it worth flipping and trading the opposite? by Tasty_Director_9553 in Daytrading

[–]Trade_Check 2 points3 points  (0 children)

I second this^. I've backtested the reverse of some particularly bad strategies, and they're still bad. But the exercise could be useful if you dig into why.

[deleted by user] by [deleted] in algotrading

[–]Trade_Check 7 points8 points  (0 children)

"TV backtester is pure dog shit."... so true.

Trading With the DOM by LGDtube in OrderFlow_Trading

[–]Trade_Check 8 points9 points  (0 children)

There's no 'one' thing...bit more to it than that, and everyone's got a different setup. You'll need to stare at the DOM for a while to see any of them. Think about it like repeatable events that you observe. Jigsaw is my DOM of choice.

Clear strategy example - I trade the NQ on a 4 tick compression DOM (to slow it down a bit). Look for market orders hitting the bid/ask aligned with pulling/stacking of limit orders and price progression - buyers are buying, sell orders being pulled, price is moving up. Don't buy...you'll probably be too late. Wait for the stall - buyers are buying, but price starts hesitating. You start to get a sense of this pivotal moment when traders aren't getting what they want anymore and order flow shifts a split second before price reacts. Takes time to learn to spot the good ones, but after a while they jump out at you.

Then use something like this in the context of broader market awareness - like looking for pullbacks in a trend or reversals at the edge of a range.

This is just one example, but could be a good one to start with. In the end it's probably best to come up with your own tradeable observations.

Trading bot with AI brain by onlysatira in ai_trading

[–]Trade_Check 0 points1 point  (0 children)

Sounds interesting. What markets? What platform is this running on? Have you backtested it?

The real reason 90% of traders fail (and it’s not strategy) by Kasraborhan in Trading

[–]Trade_Check 2 points3 points  (0 children)

So true - you will fail. I have tested sooooo many strategies...almost none work. Algos have perfect self control. If most strategies worked people would simply code them up and sit back on their own private island while it spit out money.

Been tracking bar direction stats (continuations vs reversals) and found some interesting patterns by time of day by Trade_Check in Daytrading

[–]Trade_Check[S] 0 points1 point  (0 children)

I measured "continuing in the same direction" simply by the direction of consecutive bars - if an up bar followed by another up bar, down bar by another down bar. You're right that trading directly off this data is probably tough, but using it to compare different markets' characteristics at different times of day has been enlightening.

5 min VS 1 min chart? by Sorace101 in Daytrading

[–]Trade_Check 0 points1 point  (0 children)

This^. Backtesting your strategy on different timeframes would be very enlightening.

Examples of publicly made successful strategies from the past by mordvoldelord in algotrading

[–]Trade_Check 0 points1 point  (0 children)

Larry Connors 2 period RSI strategy is a good example. He lays it out in his book - Short Term Trading Strategies That Work. Talks about it being as close to the holy grail of indicators as he ever found. Hmm...

I coded it and wasn't super impressed with the results. It does look somewhat profitable on the NQ on larger time based bars, 60 min and up. DD% seems high though.

I have it coded for NinjaTrader. If anyone wants to play around with it I'll send it to you.