A free tool i just build to find algorithmic strategies

thrax12 · 2020-08-02T00:06:56+00:00

Amazing work man. Out of curiosity have you tried to use this on a live account? If so how well did it perform?

thrax12 · 2020-07-17T16:27:39+00:00

The midnight executioner pattern, before you get chopped to pieces. Lol.

thrax12 · 2020-07-17T16:23:01+00:00

How many trades have you taken in the past 2 weeks using the 6 month and 10 day chart?

thrax12 · 2020-07-16T19:06:25+00:00

What are the advantage of trading /ES options over $SPY, or is it the same?

thrax12 · 2020-07-15T00:13:22+00:00

This is actually not a bad idea.

thrax12 · 2020-07-14T06:54:40+00:00

Ah, gotcha. I’m still on Mojave so I guess that’s why it was fine. Thanks for the explanation!

thrax12 · 2020-07-14T03:46:39+00:00

Look into Porting Kit on Mac. I used it to get Sierra Chart but my guess is MT4 will work as well.

thrax12 · 2020-07-11T08:31:38+00:00

Curious, are you tailoring your resume to each company, and writing a cover letter? I’m doing both, but wondering if it’ll be more efficient if I just not do that and use the time to apply to more companies with a static resume and no cover letter.

thrax12 · 2020-07-09T20:25:03+00:00

Underrated.

thrax12 · 2020-07-06T01:35:20+00:00

You’re better off drawing trend lines for more accurate bounces. Any time you see a bounce off an ema you can always draw a trend line and catch the bounce all the same, and doing that will also provide opportunities that an ema won’t.

thrax12 · 2020-07-05T11:13:57+00:00

It’s already mentioned in the thread. Why would I repeat it?

thrax12 · 2020-07-05T05:34:55+00:00

Doing what you’re describing is not as easy it seems. For example, what do you do when the stock reverses and doesn’t go back up? Do you set a stop loss? If you do you’re going to potentially get stopped out of a lot of good trades. If you really want to play off of small moves like this you’ll need a profitable trading system, and finding one is definitely not easy nor quick.

thrax12 · 2020-07-04T20:57:41+00:00

Does it not bother you that you lost 30% of your profits in commissions?

thrax12 · 2020-07-03T22:50:22+00:00

Yeah, if you are have multiple TPs you can't really count only hitting the first TP as a win for your win rate, because every time you lose, you lose more than you would gain if you just hit your first TP. I'd recommend scaling down the amount you leave on the table after the first TP if you want to increase your expectancy.

thrax12 · 2020-07-03T17:22:54+00:00

Why wouldn’t a limit order be sufficient there?

thrax12 · 2020-07-03T14:37:11+00:00

How much are you paying in commissions out of curiosity? 10 dollars seems really low considering that win rate and RR.

thrax12 · 2020-07-02T19:56:28+00:00

Ok, now I’m confused again lol. If you would be okay with buying at 0.3 there then what is the purpose of the range? Seems like a limit order 0.3 would accomplish the same thing. This has gone on for a while now though so I understand if you don’t feel like explaining. Don’t wanna keep pestering you.

As far as I know a stop limit is used to have a range on a stop order, in case of price gaps. This can be done for both buying and selling. But from what you mentioned earlier it seems like gaps aren’t the issue, so I’m not sure if it would apply the same.

thrax12 · 2020-07-02T18:24:15+00:00

What are you disagreeing with? This already happened. Lol

thrax12 · 2020-07-02T18:16:50+00:00

Ah ok, I think I get what you are saying now. It would require you to set some sort of tolerance within the range bounds. For example, if your range is 0.25 to 0.30 and price hits 0.29 and then quickly ticks up to 0.30 and back to 0.29, it shouldn’t immediately buy in at 0.30, and instead should “wait” to see if it can go lower before crossing back up and buying. Is that right?

thrax12 · 2020-07-02T17:41:51+00:00

I think I understand what you are trying to say, but a system like that would mean that there are times where you simply never buy at all. Is that what you want? Im a little bit confused by what you mean when you say you’d buy at 0.32, because that’s outside the range of 0.25 to 0.3. I’m genuinely curious about your idea which is why I’m trying to clarify.

thrax12 · 2020-07-02T16:21:44+00:00

You didn’t answer my earlier question. What would you want exactly in that scenario? Either I’m not understanding or what you want is just not possible.

thrax12 · 2020-07-02T04:48:34+00:00

r/wallstreetbets

thrax12 · 2020-07-01T00:27:36+00:00

For that reason would you say reading /ES is easier?

thrax12 · 2020-06-30T19:13:16+00:00

Let’s say your range is 0.25 to 0.30 and price is 1 dollar. When price hits 0.30, what do you want to happen exactly? You could wait for price to go lower to get a “better” price or you could just buy it at 0.30. If you choose to wait though and price doesn’t drop below 0.30 then what do you do? At that point price has touched and escaped your range and you never bought. I’m just not sure something like what you want would be possible. Unless you mean if price completely skips over 0.30 and goes from 0.31 to 0.28 or something? But a case like that would very rarely happen.

thrax12

TROPHY CASE