Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've been lurking around on this forum for a few weeks. But now it's time to say hello to everyone. I'm a long time software engineer and a intermediate trader, doing some trading in my free time, and I want to move on and want to make a living from trading.
As most of the people out there, in the beginning, I thought "It can't be that hard to write a program, that makes some automated trades to get lots of $$$ without any work." But I was wrong. After losing lots of money by simply doing stupid things (now I know, how stupid and naive I was back then). Well I read a lots of books, lots of internet sites, and now I'm here
During that time, I developed over the last years a software on my own, which helps me to develop, backtest and live trade my strategies (well, I'm a OS X user and there was no usefull software available).
By reading the title, you can see, how and what I want to trade. Currently, I would like to trade (automated) the Bund Future (FGBL) and Euro Stoxx 50 (FESX), intraday, using swing trading (for me, swing trading means, that after every new high follows a new low, as you can see in the screenshot), using maybe 5, 10 or 30 minute bars. And I want to trade as "naked" as possible.
What do think? Is this sane or insane? Currently, I haven't developed a strategy yet or thought about filters to get ride of the bad trades, so I don't know, if this idea is usefull or not, I want to hear some thoughs about this from the users here, if it is a good idea or a dead end.
Can you help answer these questions from other members on NexusFi?
Well, if you want thoughts, IMO you're still poorly defined the project.
Start trying systems from usual indicators. Play a bit with them at all levels (parameters, backtesting, etc). Next, look for better ideas from what develop a system; maybe from some indicators/systems shared here in futures.io (formerly BMT)F. Again, play with them (simulated).
And unless you have a strong impression of having found "something", go thinking that must invent something to base and develop your algorithmic technique.
thanks for the answer. And you're absolutly right, I poorly defined, what I want to achieve. I just want to get some input from others, who may have done the same thing in the past.
Trading in so short time frames (e.g. 5 minutes) produces lots of noise and signals. So, I guess the first question would be, if there are any indicators, which are more robust on such short timeframes.
This thread has a number of setups dating all the way back to 2010 (NinjaTrader 6.5). I was in my experimental / learning phase (and in some respects, still am!)
Many things have changed since then. Best to scroll down to the last page in the thread …
Done, but I strongly recomend the process I said in the other post; try, play, with all the rest of indicators and its combinations (MACD, CCI, etc, etc). And be aware about other very important component; the volume (another whole World).
