Recent content by -Catalin-

My lovelies, if anyone has this …. I’d like the PRT code for placing a limit order based on a stop loss level rather than bar open/low/high/close. For a long signal, calculate the stop loss level (n points below low of signal candle) and then place a limit order bid n2 points away from the...

You seem to have loads of rules and some are not very clear. When the market does what the market inevitably does, ambiguity will be your source of pain and your primitive part of the brain will do its best to save you, hence trades which don’t make sense to the rational part of the brain...

The foundation of long term profitability has to be an edge, otherwise I’d like to know how anyone would apply good money management or psychology to turn a profit from a negative expectancy game. Over a small number of observations anyone can win. At a horse race meeting, I once won big in...

I had the same issue and years ago I got in touch with a guy who‘s diagnosis I didnt like at first but over the years I had to admit that he was right. I was right not to send him a Christmas card though as he was ridiculously patronising but still, the message was right. I was able to make...

it can always be confusing and difficult but after a few bruises you’ll hopefully stop trying to find reason in the madness and accept that for the large majority of time markets are unpredictable. Define your edge as clearly as you can and just look to put that on. If your edge isn't clear...

is there anyone thats not profitable yet? 😂

Option Volatility and Pricing by Sheldon Natenberg was quite helpful but in my opinion you’ll get more out of getting hold of some options pricing sheets with greeks on so you can make your own charts. Once you are familiar with the effect of time vol and underlying movement on the price of the...

My start in trading was with a market maker in options so will try and upset you a little. We had a massive IT department who put together an interface with an ability to easily calculate theoretical prices as well as spoil us with information on risk. It was dead easy to estimate what the...

Thanks for your help, I appreciate it. Unfortunately I spent quite a bit more than that and still failed due to my inability to learn new tricks. I might have another go at some point but will give it a break for a while as it got to me.

Thanks everyone, just a quick update, I gave up on the idea ..... I guess I'm too thick. I since went up a few timeframes, my strats still work and my time on the screens is finally reduced. I might not get a signal for a few days (two weeks the most) but so far so good. All the best to you all.

I know it is like asking how long a piece of string is but would you please attempt to quantify reasonable? If it matters, most of what I do is based on PA, I hardly use indicators.

Great, thanks.

Thanks for the replies, I just got myself on a coding course, hopefully in a few months I will be ok. @Sharky, It is for the Dax and Dow. All in all, It generates on average 3 signals per week. I use a few brokers but for this, at present, I use IG & PRT which from now on should also allow me...

So ladies and gents, I can’t code and there is a chance my dog is more computer literate than myself but I won’t let it stop me. I currently have two strategies with positive expectancies and would like to automate both. I need advice on how I can store it on my own PC rather than the broker’s...

Sorry I missed the bit about adjusting it after 24 hours. I trade price action setups with the stacked ema condition as a filter. It’s profitable but rather different from what you’re doing. I’m happy to share more details in private if you like.