Aliassmith Beats a "Dead Horse"

[Don_xyZ]

I don't get what the hype and growth in prop fund companies is all about. Their marketing is powerful that's for sure.
3% per day, just 3 days per week, on your own account, regardless the size, only trading 9 months of the year would reasonably double your account every 2.5 months (doubling your account 4.8 times per year). Best part, you keep 100% and retain control!

For sure!

I think it's good mostly for those who are still trying to build up their trading capital to one day have a sizeable amount to do it on their own. Or those who somehow have difficulty trading their own capital and perform better when it's OPM.

[kiwiarian]

So this chart looks fun.

It's a NQ 10Range chart.

Green line over White is long only.
Green line under White is short only.

Long trigger is Red bar, Green bar.
Short trigger is Green bar, Red bar.

Add some order flow/structure context.

Take 5

It seemed strange at first but, it does have structure to it that makes sense.
I'll have to watch in a live market to see how it runs.

When I started trading for the first time a trader explained me how he always traded rangebars.
He used the MA's for bias.
Rules were simple SMA20>SMA50 = long only. Price retraces beyond the SMA20 and returns to close beyond the EMA8 was the trigger.
Never was able to make it work because I was just too junior and was always struggling with the rangebars on the platform.

Tline.jpg

what's your thoughts now on the triggers and MA's? I ve heard some one else was using a similar system and was doing OK.

[elkin.fernandez]

I don't get what the hype and growth in prop fund companies is all about. Their marketing is powerful that's for sure.
3% per day, just 3 days per week, on your own account, regardless the size, only trading 9 months of the year would reasonably double your account every 2.5 months (doubling your account 4.8 times per year). Best part, you keep 100% and retain control!

I wish had a trading idea that get me earn 3% daily lel.

[chappy]

I don't get what the hype and growth in prop fund companies is all about. Their marketing is powerful that's for sure.
3% per day, just 3 days per week, on your own account, regardless the size, only trading 9 months of the year would reasonably double your account every 2.5 months (doubling your account 4.8 times per year). Best part, you keep 100% and retain control!

I wish had a trading idea that get me earn 3% daily lel.

How many points / pips do you need to net 3% ?

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[chappy]

Or even simmpler ...

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[kiwiarian]

Or even simmpler ...Screenshot (2).png

This looks like a straightforward method to backtest as well.

[aliassmith]

Or even simmpler ...Screenshot (2).png

Is that the normal MACD setting?

[chappy]

Or even simmpler ...Screenshot (2).png

Is that the normal MACD setting?

Yes Sir ..Same as Ive used for 20 yrs now ..How are things in Ohio ,Alias...

[aliassmith]

Or even simmpler ...Screenshot (2).png

Is that the normal MACD setting?

Yes Sir ..Same as Ive used for 20 yrs now ..How are things in Ohio ,Alias...

Pouring down rain here

[chappy]

Or even simmpler ...Screenshot (2).png

This looks like a straightforward method to backtest as well.

Screenshot 2023-08-12 8.44.08 AM.png (114.88 KiB) Viewed 9919 times

Screenshot 2023-08-12 8.48.34 AM.png (123.5 KiB) Viewed 9919 times

Yes you can backtest ,run all kinds of stats,create robots to demo trade a theory ...or you can just believe what your eyes are seeing.. Im not trying to be snarky..My main focus in my personal trading is to remain as simple as possible .Believe me I have been down the road of analysis paralysis ,and it is an endless and frustrating path.You wont see bars ,levels ,pivots or any of that on my charts . All I care to see is Where is price turning and Where is it ending . Nothing else matters..