Kreslik.com - traders community since 2006

Edward, Thanks for the monte carlo ideas. I'm going to create my own monte carlo software. It'll be simpler for me than using Excel. Excel is a little awkward for doing this kind of thing. FYI, there must be an error in the calculations of your monte carlo software. Why? Because it's impossible to c...

Edward, I'm fascinated by your post and DEEPLY grateful you shared this. I was totally ignorant of monte carlo runs but researched it and found a link for doing a simple monte carlo run in Excel. So I did one that way. But I have several questions: 1. What software do you use to repeat 10,000 monte ...

Khalid, Thanks very much. How much do you recommend risking? Here's my thought. When I had $100,000 in my account, I would probably only risk 1% per trade since that would be $1000. And if the trade wins, it could make $1,000 to $2,000. But with an account of $1,000 it seems I need to risk 5% which ...

BlowFish, My risk of loss on each trade is 8% of my account. But that doesn't mean that a 12 loss losing streak erases my account. Instead 12 losses on at $1,000 account looks like this: $1,000 -> $920 -> $846 -> $779 -> $716 -> $659 -> $606 -> $558 -> $513 -> $472 Also, the margin required is varia...

Daniil first: Thanks for the practical advice! Let me see whether I got it clearly. You advise just getting 5, 6, 11, 12--whatever you get right away. You you suggest to let the profits run as long as the market keeps moving. Once it stalls, take profits, before it turns. What I like about that is s...

Thanks Edward. Another question for anyone: I have, including today, missed the sell zone or buy zone entry because the market moved quickly and it takes me a number of seconds to enter both the stop loss and stop limit price into MBT Navigator. How do you handle the mechanics of this? I'm researchi...

TRO, please help. Or anyone else successfully using the Buy Zone. Can you discuss the pros/cons of trailing stops? My trailing stop plan backfired today. Twice, during the 7 am hour and the 8 am hour, the market took out my trailing stop and went lower. It was channeling so it didn't hit my 21 pip T...

Khalid. I researched that. Let's say you're using 10 minute bars like myself. NinjaTrader reports the 7:50 to 7:59 minutes at 8:00. That means all the way up to the end of the 7:59:59 second is reported at 8:00. So the minute starting at 8:00 is reported on the 8:10 bar. Previously I had the lines r...

I like NinjaTrader. It is simpler and more straight forward in how you make custom indicators. I just learned C# for NeoTicker but it was less intuitive. On the other hand, NeoTicker offers more functionality and features in charting like putting two or more data series on the same chart. However, I...