HaloTrader
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Hey guys ^^
I really enjoy trading in all forms and ways; I have lots of ideas and understanding and strategies however most of the time my ideas don't actually become actions mostly because i contradict my own plans through cynicism and pscyhology flaws of greed and fear.
When i find a strategy that can make 10% a month, suddenly my aim is to think of a 20% one, then i'm like, if i can make 20%, spend more time making a 30%...
So i thought i might show more dedication to a particular idea if i created it will someone who has an equal passion of trading.
We could develop a strategy; literally any; Back-test it through going through past-data one bar at a time to see if were happy (and make refinements) and then we could start live trading it together ^^
So who fancies it?
My current thinking of the objectives of the strategy is;
- Identify trend (EMA's?) and strength (Longer EMA slope?) (Higher time frame agreement)
- Identify pullbacks (Stochastics oversold/oversold or 1-2-3 price dips/price-action/Force-idex)
- Identify entry areas of pullbacks (Break of high of retracing bars, in between EMA zone, on break of the previous high, on bounce from Fibonacci level)
-Identify stop loss (Below EMA? Below entry bar? 20/50/100 pips? Low of the day?
- Identify which time-frame is most probable and fun
- Identify how to exit trades (Pre-specified targets, Technical analysis to determine potential support and resistance, Trailing stop loss?, 7EMA 3EMA crossover?, break of trendline?, Average true range falls below half of average?)
- Make Money management rules (3% or 1%)
- Type out our psychology (Discretion? Take all signals?)
-What markets to trade (Daily stocks, 1-hour FTSE, 4-hour forex, 5-minute s&P500)
- Identify realistic weekly profit targets
The reason i think this will be fun to make with someone else is that sometimes i get caught in my own little world of perfection, when i think of an idea i keep trying to make it better until i come across a better, new idea.
Also others input makes it a fun experience....
So who wants to join in??? Slowly we can progress through them questions until we have a Word Document plan showing all the information and demo results... Then go live with £2k or so, share the profits and losses possibly!?!
I thought this could be fun and profitable.
Whos with me !?!This can be a single person, or a discussion group on skype to develop the plan from all our experiences... It could just be a fun little project for those that enjoy trading.
I really enjoy trading in all forms and ways; I have lots of ideas and understanding and strategies however most of the time my ideas don't actually become actions mostly because i contradict my own plans through cynicism and pscyhology flaws of greed and fear.
When i find a strategy that can make 10% a month, suddenly my aim is to think of a 20% one, then i'm like, if i can make 20%, spend more time making a 30%...
So i thought i might show more dedication to a particular idea if i created it will someone who has an equal passion of trading.
We could develop a strategy; literally any; Back-test it through going through past-data one bar at a time to see if were happy (and make refinements) and then we could start live trading it together ^^
So who fancies it?
My current thinking of the objectives of the strategy is;
- Identify trend (EMA's?) and strength (Longer EMA slope?) (Higher time frame agreement)
- Identify pullbacks (Stochastics oversold/oversold or 1-2-3 price dips/price-action/Force-idex)
- Identify entry areas of pullbacks (Break of high of retracing bars, in between EMA zone, on break of the previous high, on bounce from Fibonacci level)
-Identify stop loss (Below EMA? Below entry bar? 20/50/100 pips? Low of the day?
- Identify which time-frame is most probable and fun
- Identify how to exit trades (Pre-specified targets, Technical analysis to determine potential support and resistance, Trailing stop loss?, 7EMA 3EMA crossover?, break of trendline?, Average true range falls below half of average?)
- Make Money management rules (3% or 1%)
- Type out our psychology (Discretion? Take all signals?)
-What markets to trade (Daily stocks, 1-hour FTSE, 4-hour forex, 5-minute s&P500)
- Identify realistic weekly profit targets
The reason i think this will be fun to make with someone else is that sometimes i get caught in my own little world of perfection, when i think of an idea i keep trying to make it better until i come across a better, new idea.
Also others input makes it a fun experience....
So who wants to join in??? Slowly we can progress through them questions until we have a Word Document plan showing all the information and demo results... Then go live with £2k or so, share the profits and losses possibly!?!
I thought this could be fun and profitable.
Whos with me !?!This can be a single person, or a discussion group on skype to develop the plan from all our experiences... It could just be a fun little project for those that enjoy trading.
