📈futures-stocks-chat

[bitter stirrup]

Awesome thank you for the confidence! I completely agree, if you can get 2 winners a day at 3 mini trades, that's enough to replace my current salary so I would be happy to build a cushion and just up the contracts and move on with my life everyday LOL.

[formal prawn]

If you are talking about this subject I have a question if you don’t mind. I make the same as @bitter stirrup but I have a lot of bad entries. I don’t know what I’m doing bad. If you are good I can post an example.

[random sage]

Post the entries

[outer maple]

Was only 1 Quant strat W today btw

[formal prawn]

It is one of them. RSI ABOVE 50, ADX above 25 and raising

[bitter stirrup]

Was this during the overnight session?

[formal prawn]

I make a 2 weeks replay and I have a lot of bad signal. It is like 40% win. I am using what you said

[bitter stirrup]

I've noticed during the Globex session there's really not enough volume to be a viable strategy

[formal prawn]

I see. So I need to wait for volume Thanks

[bitter stirrup]

For the premium indicator, do you have Auto-Pilot on? Which sensitivity are you using?

Just realized talking to another friend of mine I had it turned off and his was on.

[outer maple]

And/or volatility. I personally only trade ES during RTH and entries are still contextual so tough to backtest strictly on the rules. I also use BM to confirm with order flow and potential runs to high liquidity.

[random sage]

Anyone else take this?

[outer maple]

Auto pilot on mid-term

[bitter stirrup]

I did not because of the ADX pointing down. However, the market is respecting the 50ema so strictly today, I was very tempted. But I'm up green on the day over my goal so I'm trying to not touch it.

[random sage]

How was the adx pointing down there?

[bitter stirrup]

This is what I had on my chart.

The green line is the 25 line so I have a point of reference without needing to look at the number

[random sage]

Weird

[past jungle]

HFT? What's that stand for?

[past jungle]

Potential short opportunity on NQ with quant strat loading 🙏

[round eagle]

@past jungle could you show me if the trade is possible how you would enter and exit it?

[past jungle]

It never transpired, so back to waiting

[round eagle]

still having struggles to understand and not open a trade to early with Quants strat

[past jungle]

Need to wait for a green candle to close over the 50MA for a long here

[night flicker]

High frequency trading

We usually take profit at 20 points, if you are comfortable with 10 points and i increased your WE by a lot keep it

[night flicker]

Looks like my take on Quant strat

[round eagle]

you mean right by the 50 ma or the point where it is now at ?

[past jungle]

right now noastr I'm long

Just took it

[round eagle]

now i understand

[past jungle]

However, the ADX wasn't rising, I was just following a long because it's a trend day, so I'm biased

If it was a chop day, I wouldn't have taken it

[round eagle]

that makes sense

and sl/tp at 1:1 ratio?

[past jungle]

Yeah, might take profits early, might sell early if I don't like it anymore, just all on my personal feeling

But to answer your question, 1:1 right now yeah

[round eagle]

@past jungle did you close your trade?

[solemn lichen]

@round eagle has earned the Lux Level 1 role!

<@!527894520571101195> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[round eagle]

or still open

[past jungle]

I got out when I saw the first red candle close and flipped short for a scalp to recover some losses, essentially flat now

[round eagle]

same

what amount do you trade with?

[past jungle]

1 lot

[round eagle]

and what leverage

[past jungle]

1x, no additional leverage. I have 20 eval accounts with Apex Trader Funding

[round eagle]

alrightt

are the funding challenges hard?

[bitter stirrup]

So you're doing SL@20 handles or ticks? and TP the same?

[past jungle]

Not too hard. Just follow the company's rules. I don't see any reason why someone using quant's strat properly shouldn't be able to pass a challenge

[round eagle]

maybe i will try it out in a month or something like that

[night flicker]

SL 80 ticks and TP 80 ticks

aka 20 points

trades today according to my adjustments

[hearty rivet]

Just hit 800$ sl

We broke market structure, broke BOS. Broke key levels, price respecting a bearish trend line, double top with beautiful follow up. 2 swing failure patterns. Despite all that a huge Kf bullish massive breakout pump over pump went 80 ticks in 2 minutes

I didn’t have time to check Bookmap but that was unexecpted

[night flicker]

another one

done for the day

[bitter stirrup]

Got that too!

[night flicker]

according to my setup?

[past jungle]

Lol this close is wild

40 points in 2 minutes on NQ

[waxen socket]

That classic last-minute short squeeze on Friday afternoons.

It's probably due to end of Q1 portfolio rebalancing too.

[past jungle]

Yeah, every fund wants to show tech on their books

[dusty plinth]

Hey guys, I'm new and I was wondering if there was any system/strategy for scalping the 5 mins chart which utilizes the premium features of LuxAlgo? Combination of price action blocks and auto pilot signals maybe?

[random sage]

3 wins 1 loss that was cut short and reversed into a win, 55 points net

[solemn lichen]

@random sage has earned the Lux Level 1 role!

<@!1012715134227075252> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[hearty rivet]

There was 3 winning trades today and all 3 preceded by 3 losing trades

[azure shell]

took these three trades today

went micros today

i didnt take the one purple to green because of the preceeding sell signal and signs of consolidation

i didnt take the one red trade because we had been in a clear up trend throughout the day and i usually dont take counter trend trades on heavy trending day

these

[last kraken]

Can i know you ema setup please? The blue line if you don’t mind

[dense geyser]

I beleive it's 50

[hearty rivet]

Beautifully said. TA doesn’t work on news days only trends work on news day

[night flicker]

nice! I see that you looked at the fact that it was consolidating

I wonder though, why did you take the short? it was ofcourse a good trade but what was the confluence?

[azure shell]

its a 50

[random sage]

@night flicker learned from you lol and just basic rsi going down and adx going up then reversed my position when i got the buy signal

[night flicker]

Oh I see, you took it with the candles changing colors?

[nimble vale]

only took two today won 1 lost 1 but cut it out quickly... didnt follow the rules exactly shouldnt have taken it.

[outer maple]

That's called good trade management 💪
So speaking of cutting a winner possibly before it turns into a loser, anything you look for specifically as opposed to just letting it run to PT or SL?

[nimble vale]

not usually.. but im all for having a trailing stop or something to secure profits! even if its break even you only lose the fee then. @outer maple

this one i just wasnt paying much attention and went in when the adx wasnt in my favor so i cut it right away

[gritty crane]

I had some personal items going on today and just checking in, it looks like it was a tough day I would have gone long at 9:08 eastern for a lost and then 10:36 eastern long again for a gain. But did not take any trades due to be away.

[night flicker]

yo @nimble vale I see that you make consistent profits good job! Can you take a look at my adjustment to your strategy due to the V6.0 release?

[outer maple]

Totally get it. It can be a tough call as I've seen a trade go literally 1 tick from SL only to turn around to be a winner.

@nimble vale

[nimble vale]

yeah can you post what they are again.. sry. chats been wild the last few days. ( love to see it haha )

@night flicker

[outer maple]

Anyhoo... You fellas HAGW. 🍻

[nimble vale]

and i know haha its tough call but i would say if youre truly trying to preserve capital or not have any drawdown in a challenge or something then set a trailing. less loss is better for those scenarios! @outer maple

[night flicker]

yeah its nice to see people active, it was a slow chat when it first started now its active

[night flicker]

Rules:

Lux on short term
Price above / below MA 50 (long/short)
lux strong signal
wavetrend support direction
wavetrend blue (all other colors we ignore)

[last kraken]

Can you share this strategy bro, im looking for this thread

[night flicker]

just did @last kraken

[last kraken]

Thanks i just sent this message after yours 😍😍

[nimble vale]

perfect! ill check it out man! i actually just told someone in a pm that i like your wavetrend addition as it might provide better signals due to the adx sometimes being a little subjective! ill make a chart and check this out @night flicker

[last kraken]

I know its maybe stupid question but what is waveTrend 🫣

[night flicker]

Thanks, about ADX.. we need to remember that sometimes lux gives us better trend direction than ADX / RSI and with the new version we have more confirmation which is why we need to change to short term (I think it is still slower than medium on previous version lol)

[night flicker]

this one

[nimble vale]

did you make any changes to the settings i removed everything besides the wave already @night flicker

[hearty rivet]

Isn’t wavetrend basically MACD?

[night flicker]

basic settings for the wavetrend

[nimble vale]

perfect

[night flicker]

we basically only look at this

//Implied volatility based on Kumo thickness
Kumodepth = math.abs(FutureSpanA - FutureSpanB)

//Normalize implied volatility
Indicator = Kumodepth
AverageIndicator = ta.sma(Indicator, 200)
StandardDeviation = ta.stdev(Indicator, 200)
UpperBand = AverageIndicator + 2 * StandardDeviation
LowerBand = AverageIndicator - 2 * StandardDeviation
NormalizedIndicator = (Indicator - LowerBand) / (UpperBand - LowerBand) * 100

don't think thats MACD😂

I remember first learning how to code MACD I was like "damn indicators are simple actually" then seeing shit like ADX and quiting

[last kraken]

Which wavetrend indicator? I found alot

[night flicker]

this one

[hearty rivet]

Yeah true

Macd is based on 2 MA

I have coded ADX into one of my scalping indicators back then

I’ll check it out

[hearty rivet]

I went to Nike today knownin I’m going to paying big lolol I entered a long based on the strat it hit Tp 400$

Walked in like am the boss

Came out -800$

[nimble vale]

Yeah I saw that it had the Bbwp incorporated into it also. Also measure volatility

[night flicker]

-whatever you paid

[hearty rivet]

Yeah paid 200 there too

I might have something nice for Monday

Same principle safer entries

[last kraken]

Dear, anyone depend on Luxalgo SL and TP Values or it’s not accurate!?

[boreal solar]

hey guys I keep trying strategies and losing money do somebody have a strategy to put me on

here im doing crypto futures at the moment

[night flicker]

most of us here trade CME futures

[night flicker]

I used it once, not anymore but if you adjust it, it can be nice

[outer maple]

What is the significance of the blue wavetrend as opposed to the other colors?

[outer maple]

And possibly enter when it does go to blue or wait for entry when all confluences match up somewhat simultaneously? Seems like there might be varying points of entry with the modified strat but if it improves W rate then its all good.

@night flicker @nimble vale Any thoughts this weekend whenever convenient... Thanks as always in advance.

[night flicker]

personally I like using this strat when it gives me 100% confirmation since I know it is simple and has around 80% - 100% WR (depending on if you know to cancel trades)

I am also working on my footprint HFT at the background so I don't like looking for many trades and it is nice that it gives me 4 trades a day and I am finished

also, 1.6k a day per contract is more than enough, even on my 150k account where I need to do 9k in profit in 7 days it is enough..

[outer maple]

Makes sense. Thanks for the input. ✌️

@night flicker ^^^^

[last kraken]

Dears, Just Question, im using Luxalgo b&s premium with Short-Term, and EMA 50 , buy if ( Over EMA + buySell Green Line+ candle Green) and for Sell same but opposite… is it good or not enough and I don’t know how to use the bottom indicator if anyone can support i will be appreciated

[barren lintel]

The blue line is 50 ema or sma?

[night flicker]

sma

[digital geyser]

@night flicker did you share a strategy today, please can you tag me to the message 🙏 thanks in advance

[nimble vale]

I’m in a deep dive on your additions @night flicker. I’m liking what I’m seeing so far. Backtesting different lengths and take profits.

I’ve gotten one result of 97% hit rate but it takes profit at like 2-3 points. But shit if you bet your full lot like the qqq strat in the stocks chat could make a killing

[night flicker]

with 2 points TP, 10% of the profit will go to fees on rithmic (according to Apex they take 4$ commissions full trip)

[nimble vale]

Right so I’m thinking bet like 10 contracts 3 points tp that’s still over 500 net profit per trade with a 97% hit rate

Lol

Just can’t let the losers run to far on ya

But I mean we’re talking average time in a trade is sub 2 minutes

That’s HFT for you 😉

Could even implement your other rule of after 5 bars you’re out to reduce anything running on you if you havnt cut it already by then

[night flicker]

but.. how many trades did it give you a day on average?

I mean.. if we take 3 points profit that would be 54$ profit (after commissions) per contract, entering 10 contracts would give us 540$ but with the spread that a 10 contract would give you you'll get lets say around 500$ which is okay.. not sure though what was the problem with the 20 points? I think it will just decrease your WR to 80% which means that in a day of 5 trades you'll get 1.2k profit..

[outer maple]

Very nice. Thanks much.

[nimble vale]

Yeah you’re probably right I’m just min - maxing. Testing a bunch of ranges of things.

[hearty rivet]

20 ticks instead of 2 points

So 6 points

Is very very good

I just baxktwsted my indicator instead of Lux or inconjugefjon of Lux signals, it’s giving really good entries and WR. Tomorrow I’ll test live and let u guys know.

If I can code it to show only signals at color change then we get an money printer

[night flicker]

This explains my finding.. nice

[viscid torrent]

Hey @night flicker epic posts btw. Super consistent. What time frame do you trade on this @night flicker and is it with v6.0? Loving the posts thanks. Will share my trades when set up. When you say wave trend blue do you mean the bars (see image where I’m pointing) or the line? And what’s difference between wave trend and wave trend blue?

[night flicker]

The Wavetrend is mainly the columns, I even removed everything except it.
You can see a few messages before where someone sent whats the difference between blue WaveTrend and other colors, in general though when it isn’t blue it wither means that it is “over sold / bought” or the momentum is slowing so it isn’t worth entering a trade.. if you guys want I can look for maybe a better exit using this information, maybe longer length for TP / SL and basic / shorter length for entries might be good.
This may also give us “runners”

[frosty oracle]

So the updated strat would be the following?

LUX changed to Lux on short term
Price above / below MA 50 (long/short)
lux strong signal
wavetrend support direction
wavetrend blue (all other colors we ignore)
Short red candle
Long green candle
RSI above/below the 50 level with an rising or sinking ADX

[heavy vessel]

Nice Ty

[random sage]

This refers to the line on the bottom, not the columns

[round eagle]

what are the settings for the wavetrend indicator

[night flicker]

personally I ignore ADX / RSI

[steep tinsel]

whoa

so we've been "upgraded"

[outer maple]

Seems like the key 'issue' atm is TP/SL as we all want to maximize profits but no one wants a winner to then run back against them for an L. I only trade ES so trying to determine scale vs NQ. 3 pts? 5 pts? May just have to test live with quick reactions moving trade to b/e when up 3+ in order to also go for runners. Idk

[night flicker]

as I said before, if you look at the $ profit / losses it would be x1.6 in NQ.. the reason is because NQ gives you x20 while ES gives you x50 so it is /2.5 but NQ is x4 more volatile giving you 4/2.5 = 1.6.

So for example, if you have a strategy that works both on ES and NQ.. on ES you are taking 10 points profit, then when implementing it to NQ you'll take 16 points profit (keep in mind that it also means x1.6 more loss) this is roughly from my experience in range charts

I use 10 range on ES and 40 on NQ.. and I think that it is even x5 more volatile because many times I see a few candles closing in NQ and at the same time didn't get even 1 closing on ES

[frosty oracle]

Basic for me

[night flicker]

yeah basic as well

[frosty oracle]

My Broker is at the moment Bitget ... so iam not able to trade NQ

XRPUSDT i am trading

5 min Timeframe?

[night flicker]

1m

[round eagle]

@night flicker could you show me a couple of possible trades from last week with your strat?

[night flicker]

Wednesday

[last kraken]

Is it 1 min timeframe!?

[night flicker]

Thursday

Friday

[night flicker]

with the knowledge that I have now.. wouldn't have take that loss trade since you can see a sell signal a few candles before showing weakness and uncertainty

[night flicker]

Here I canceled 3 trades because price consolidated.. you can see the first buy I ignored because I just TP'd on a long and it fell down instantly telling as that the next buy would do the same and if not we missed a trade which is ok for higher WR

the two sell signals I didn't take because it stayed in the consolidation zone from before

and the it broke and gave us a valid signal

[night flicker]

Here I wrote why i did not take the trade

[night flicker]

yes

NQ

also, the best part about this is.. even if you would've taken all the trades.. you'll have 66% WR.. with 1:1 RR it isn't too good but you'll still be in profit

[round eagle]

thanks!

howmany pips are the trades

[glacial canopy]

Does Lux Algo support Ninja Trader 8 Charts?

[round eagle]

tried to backtest it on crypto futures and it worked there pretty well to!

[night flicker]

nice!

[split fjord]

Any setups for oil futures

[outer maple]

Y'all take strat trades if you got in and out of a short for example, candles go purple then back to red as long as everything mostly agrees?

[mighty osprey]

hello

Im new here im looking to trade Emini any chat room for that?

Where i can find the set up for Emini thanks

[random sage]

In the right place, read through the messages from the last couple days, welcome aboard, shoot us some questions

[mighty osprey]

Thanks

[random sage]

Nice W to start the week

[mighty osprey]

@random sage Nice work !!!!

[frozen talon]

Hi everyone, im actually using for scalp the neo cloud + trendcatcher + oscillator on 5 minutes TL, but im really want some tips to use on 15min timeframe or how to improve my trades on 5 minutes. Thanks in advance

[safe edge]

set pac to higher timeframe than the chart you are taking entries. let the price go back to these levels and use neo cloud and trendcatcher to confirmation

and when the price is going above/below the cloud, always expect retest

[viscid torrent]

Hey @night flicker thanks mate this is super helpful... and you trade this strategy on what time frame?

@frosty oracle what does this mean "LUX changed to Lux on short term" ?

[night flicker]

1m

[night flicker]

You put lux on autopilot short term

Before V6 we used medium term

[viscid torrent]

and @night flicker you trade on 1min only w/ this strategy?

[mighty osprey]

have you guys try 30 minutes chart with autopilot in short term ? Thanks

[night flicker]

Sorry didnt see.. never tested it on the 5m, keep in mind that if on the 1m it gives us 3 - 5 trades a day then on the 5 minutes it will give you 3 - 5 trades a week.
You’ll need to adjust the TP and SL accordingly but not x5 because it doesn’t mean that it will make 100 points move AND if you are using an eval, you’ll need to keep tje trade open overnight

[hearty rivet]

Leelo

Offering 5 account bundle with 70% off

So 5x 25k-300k with 70% discount

[outer maple]

Did not get a solid entry point yet this AM esp with news. Not gonna chase at this point and need to stick with the plan.

[gritty crane]

How is everyone doing today with Quant strategy - roller coaster this morning

[outer maple]

I did not get full confirmation at least on ES

Might not get as many trades as NQ but 'slower' pace is somewhat easier to manage a trade

[gritty crane]

Nice are you using Quant strategy on the ES? If so same settings?

[solemn lichen]

@gritty crane has earned the Lux Level 2 role!

<@!851819152611999764> just levelled up

Welcome to the Lux Level 2 role! Thank you for being an active member of the Lux Algo community <3

[outer maple]

I've added wave to the strat for better confirmation but still using mid-term tbh

I also use Bookmap to see who is potentially in control and where it might be headed for higher resting liquidity

[round eagle]

did it take you guys long to test the stategy with the pine editor

[barren lintel]

that was a nice short. quick 20 pts

[random sage]

Amen

[last kraken]

Im getting alot of false signals from your Strategy, how you filter them !?

[nimble vale]

needed a day to solely focus the 300k account… should be done with it tomorrow 💪🏼

[outer maple]

Going heavy apparently lol? I'm 1 W - 0 L on the day. No complaints with this PA.

[nimble vale]

Lol yeah a little heavier than usual 🤣 and yeah hopefully some better pa this afternoon but doubtful.

Still testing a few things from this weekend but I like where the strat is heading with the additions we got going on.

[bitter stirrup]

Any chance you could share a couple entries with us? Or if you're up to discuss DM me? I've been on work calls this morning, but I'm doing something wrong. I've gotten eaten alive this morning and I feel like I'm following your rules so I'm not sure what the disconnect is. Thanks!

[outer maple]

Right on. It was solid from the get go so should only get better with a few small tweaks. Keep up the great work. 🙏

[night flicker]

Is this the og strat?

[nimble vale]

I took the first short of the day with the og yeah and then I’ve been playing with my scalping idea on some of the new stuff… betting big with a smaller tp

Figured I’d use the 300k account since it has more room to play with to test out that scalping idea

[steep tinsel]

this PA is going wild

doing ok - but it's extremely risky right now

[outer maple]

Must be NQ. ES been in a 10 pt range going on 2 hrs.

[waxen socket]

Check out /CL. I would avoid it with a 10-foot pole right now.

Not doing too bad so far today with my strategy considering the lack of commitment from either bulls or bears today. Was using retracement areas for quick scalps.

[night flicker]

Looks like it is going well, can you repeat the rules for the quick trades one?

[wind rock]

Quiet here today!... Very choppy PA

[night flicker]

Yeah I think to disable my HFT during Mondays, I’ll get home and check the 10 range maybe to see how the new algorithm works on it

[past jungle]

Boom boom awesome strat & patience pays

[barren lintel]

Nice man. I got in a little late on this one, but still snagged 10 pts

[random sage]

I feel ya, was a very crappy morning lol but hey it is what it is always more trades in the horizon

[azure shell]

only trade i took today

[night flicker]

slow day, here is the analysis

welp.. my HFT is broken

[round eagle]

what is HFT?

[night flicker]

High Frequency Trading

the main thing I have been doing for the last month is building the algorithm for this lol

it's the one strategy that I will keep to myself but I do like sharing the results with you sometimes to let you know what is possible

[round eagle]

ohh

[night flicker]

and currently I will enter a trade and it will close in less than a minute, taking 7 ticks profit on ES, entering 80-90% of candles after they close

I am still testing it because I need to buy NT8 lifetime but I want to make sure that it is worth it before doing so

[round eagle]

yea some strategy's you need to keep for yourself especially after all the work you put into it

[night flicker]

it.. enters.. almost every candle

[round eagle]

damm

are you a lifetime member?

[night flicker]

in the first like 20 minutes of the day it did 10 trades

[night flicker]

nope

I re-joined lux after they canceled the lifetime and for NT it is 1.5k so waiting to make sure the WR stays at 70-80%

[round eagle]

yess

so you also dont have the backtesting indicator

[night flicker]

on lux?

[round eagle]

yes

the one that is in beta

[night flicker]

nope.. but it isn't lux it is my own algorithm 100%

[round eagle]

impressive

how many hours did it take

[night flicker]

well, the first strategy (wasn't even an "algorithm") was tested for like a week, the next one was tested for another week, the previous one was tested for a few days and the new one was tested Friday and today but I am taking random candles from random days from the last month to make sure it isn't just the days

so work hours it was like 60 or so

[round eagle]

did you know how to code before it? or learning along the way

[night flicker]

the first 2 strategies were traded only during the first 3 hours of the day

[night flicker]

it isn't coded yet so it will take me a while

[toxic widget]

when? 😛

and yes, of course I monitor the futures chat lol

[night flicker]

because I need to learn NT api and shit but I did learn coding a while back but left it because trading logic is more interesting

[night flicker]

Aker is onto me

[toxic widget]

always

[round eagle]

hahhaha

[night flicker]

Aker you have access to footprint on futures?

[toxic widget]

you a gold mine for me, need to pressure you a bit

[toxic widget]

yeap

but exchange based, not aggregate

how may I help you?

[night flicker]

but I think you are taking it from CME anyways

I think CME futures are traded directly through CME during NYSE

[toxic widget]

I think so

not sure I have extended the sub, but can if needed

[night flicker]

so it is aggregate

[toxic widget]

:))))

it is indeed

it's CME

just checked

[night flicker]

let me finish this one which sorry but keeping to myself and my other partners for your type of partners I will build another broken strat

[toxic widget]

lol

[round eagle]

how long have you guys been trading for?

[night flicker]

starting to understand footprint number way better, just need to understand which numbers to use and which to remove

[night flicker]

a year or so

[toxic widget]

think of footprints as a matrix

[night flicker]

but my dumb ass used only indicators for the first 4 months so 8 months because I want to forget the first 4

[night flicker]

and I broke the matrix using the matrix😉

[toxic widget]

instead of looking at the time scale, you look at price scale

[night flicker]

hence me using range candles

[round eagle]

relateable....

[toxic widget]

when you learn to visually associate time and price levels factors it will come easy to you

it only takes a bit of practice

[night flicker]

even if you don't trade TA / PA you need to understand the logic behind it to get better imo

[toxic widget]

yeap

[nimble vale]

scalping scalping scalping! haha

[night flicker]

I think Quants strat is broken as well lmao

[round eagle]

quant is this from today

[nimble vale]

Yeah

[round eagle]

crazyy

[night flicker]

I think he took it down to the 10 seconds, taking smaller TP but more contracts

[nimble vale]

I’ll send over the settings once I get back to my pc have to get the kids from school!

I’ve been trading for 5-6 years @round eagle

Seen it all lol

[round eagle]

a veteran i see

[nimble vale]

Except @night flicker secret strat. Lol

[night flicker]

[round eagle]

my profits for the day are about 10 usd lol

but im trying a challange from 50 usd to 1 k in a month

[night flicker]

Quant dw I promised you and Aker a strat.. you'll get my strat but instead of 20 - 90 trades an hour you'll get 5 - 40

anyways, long day for me tomorrow, gtg to sleep

gn guys

[round eagle]

gn mish!

[nimble vale]

Sounds good man. Have a good one!

[digital geyser]

gn mate

[hearty rivet]

Yo

[azure shell]

must have made some significant adjustments

good stuff

[random sage]

mid term looked like it did well, short term gave lots of false signals today

mid term went 4-2 and short term definitely lost money

[hearty rivet]

Housekeeping items for this week. This week is the first day of the second quarter. US Fed News. Tuesday is Jobs Day. Wednesday ADP – Payroll. Thursday Jobless Day. Friday Unemployment. Note, release times for Tuesday at 10 am US EST, Wednesday at 8:15 am US EST, and then back to 8:30 am US EST. Please note I do not see the job numbers swinging in the Future this week, as the market did not remove workers from the workforce from last week's data releases.

[gritty crane]

Enjoying the content but have been preoccupied with some family issues. Great to see that @nimble vale and @night flicker and making even better profits.

[frozen talon]

thanks for the tips!

[mighty osprey]

Where I can find the best setting for 5 minutes ? Thanks sooo much for your help

[hearty rivet]

Had a very nice trade

30 MN supply zone beautiful rejection, stop loss above bookmap big orders

Tp 13240, from book map huge buy orders liquidity

price dropped straight into that 13240 and rejected. TP

[night flicker]

Did it TP?

[frosty oracle]

Will you share it for all? 😊

@night flicker sorry for asking again maybe but can you explain your entry based on the wavetrend indicator?

[night flicker]

I’ll look for the original message

[night flicker]

That is what I wrote originally

Enter only on blue wavetrend anything else just ignore

But keep in mind that any signal Strong / normal gives you valuable information so use that to cancel out trades as well

[frosty oracle]

Thank you 🙂 What do you mean with Direction? Price go short at the colums in wavetrend also fall or what do you mean?

[hearty rivet]

People say retail can never get start of the move. I caught 3 trades from top to to reversal entering again exiting at reversal entering again exiting again at reversal, 150 ticks not just buy and hold

[hazy sparrow]

@nimble vale i am sorry if you are answering this quetsion too many times.. either you or anybody else can lead me to your strat.. getting disucssed alot in other chats too... i searched far and wide.. dint come to orignal strategy post... Thanks a ton in advance

[night flicker]

You have negative and positive wavetrend (under / above the middle line)

[night flicker]

Nah thats BS theoretically you can catch 80% - 100% of every move (every tick)

I think if I upgrade my algorithm a bit I can make that but it is ‘t worth catching each tick because you’ll pay extra commissions

[hazy sparrow]

got it.. its always few clicks awaz after long search

[night flicker]

I said BS about retail not being able to catch the start of the move lol

You know me as one to not believe to your profits?

[fair stag]

@night flicker

[fair stag]

What indicator is this?

[barren lintel]

Damn, those breakouts look spot on. Is that when you're entering?

[storm grove]

Is that a footprint chart?

[night flicker]

Wavetrend

[frosty oracle]

Correct you go in if it change the direction or step over the middle line?

[night flicker]

Short if wavetrend negative
Long if wavetrend positive
Incase all other conditions are meeting

[fair stag]

It shows differently for me

[night flicker]

Because I removed most of the style lines

I only need the columns

[fair stag]

Long if 1 and short if -1

or any numbers to enter trade?

btw which indicator is this?

[night flicker]

Any negative and any positive

[fair stag]

thanks bro

[fair stag]

Is this ema?\

[night flicker]

Sma 50

[fair stag]

okay

[fair stag]

Bro

SMA MLOO1?

@night flicker

[hearty rivet]

Ah damn man, my bad really. The trade was 5:30 am couldn’t comprehend well. My apologies friend @night flicker

❤️

[night flicker]

[hearty rivet]

That’s bookmap, so heatmap. I never used footprint but I assume it’s like VRVP. Ask mish he is more familiar with the matter

[night flicker]

perfect

[night flicker]

Yeah, heatmap basically gives you the order book on chart, making it easier knowing where theres big limit orders which usually makes the chart reject from there

[night flicker]

you can see here for example how perfectly it reacted twice to the top yellow line and once to the bottom one

I assume it goes from blue to red (depending on your style settings).. so yellow is kinda strong and blue is weak and red is really strong but you'll usually won't see those I think

YOOOOOOOOOOOOO

B!!!!!!!!!!!!!!!!!!!!!!!

[barren lintel]

For those of you using Apex, did you go with Rithmic or Tradovate?

[outer maple]

Rithmic/NT8. Just really like the functionality of the trade copier.

[barren lintel]

Thanks. I see they have a 80% sale going on right now and was going to check it out

[random sage]

Im trying to get a tradovate account so i can trade on the go then have a couple rithmic accounts for home

Tradovate trade copier sucks no bracket orders

[outer maple]

I use Tradovate for my cash acct and like it for single orders using the DOM but NT8 definitely superior for copier and bracket orders (TP/SL/BE).

[random sage]

then when youre home you can copy trade your tradovate accounts with your rithmic accounts

[fair stag]

@waxen socket

[wind rock]

I think Ninja supports Tradovate connection similar to Rithmic connection

[random sage]

yes, and at the same time

[round eagle]

pff gold went crazy after the news

[wind rock]

yes, Gold futures went above $2000

[random sage]

2/2 this morning on midterm sensitivity

The lorentzian indicator is 4/4 with 90/56 tick brakcet

[barren lintel]

lorentzian classification? Which settings you using? Ive also been trying to find an optimal setup with this

[random sage]

Only thing i really changed

[quartz heath]

Thanks, what are the settings and what timeframe for bitcoin? on the Lorentz indicator

[random sage]

Thats one minute on the NQ not to sure about bitcoin

[copper tiger]

Hello guys if i want to automate my indicator tradingview directly with my bybit I have to do what ?

[outer maple]

Going just by the signals or in agreement with anything else specifically? Appears decently reliable on 1 min ES at first look.

[worn turtle]

algun grupo en español por favor

[random sage]

Impulse macd to to filter out any ranging market, then adx and lux algo colours for xtra confluence

[wind rock]

In observance of Good Friday, U.S. securities exchanges will be closed on Friday, April 7, 2023

[random sage]

Since the impulse macd was flat i ignored these

(I actually did take a trade because i forgot about the impulse because it was so tiny) 😂 but its a greet way to see when its ranging

And then i let it ride out to break even but it never went back so i just let it hit the SL

[outer maple]

Thanks for the input. ✌️

[grizzled imp]

I will YT bookmap… but for now 🙂 , how do you spot the big orders… or for example accumulation in bookmap … Any screenshots to share with some pointers ? And is Bookmap comparable with things like exo, quanttower ? Or just more visual…

Thanks 🙂

[barren lintel]

Using default on imacd?

[random sage]

Yup with only the histogram on

[hearty rivet]

Yes on the right you see the order numbers at each price level. Check the ones with highest orders. Even if you don’t want to look at it, look at the chart on bookmap it will highlight them from blue to red based on severity

[random sage]

So today with quant strat (Mid term sensitivity ) was 4-1 and i somehow still was down on the day lol, did a 90/45 tick bracket with total profit of 77.5 points

[ancient marsh]

How go 4-1 and lose? Did you take profits to early?

[random sage]

first one was i was accidentally on short term then just tried some other stupid stuff i shouldnt be doing

[ancient marsh]

So going 4-1 has nothing to do with losing money.

Best thing i have learned is follow you rules. Random trades will give random results. When i deviate from plan its almost always a loss.

[random sage]

i totally agree

[random sage]

4-2***

[hoary cradle]

We need a details video on how trade the new Smart Money Indicator please.

[hearty rivet]

APEX 80% is back BABY

[past jungle]

Luke LOL

[night flicker]

Did you enter according to the og rules? It maybe works better than my adjusted strat especially for a day like yesterday where I didnt take any trades

[random sage]

Yup OG rules just rsi and adx

[buoyant crane]

Hello everyone, pretty new to this chat and hope to learn more from this community. May I know where do I get the indicator for wavetrend and any changes to the settings for Quant and Mish strategy. Thank you very much!

[round eagle]

https://www.tradingview.com/script/MFrlOSDy-Wavetrend-in-Dynamic-Zones-with-Kumo-Implied-Volatility/

this is the indicator

@buoyant crane 👍

[exotic copper]

Mission failed 🚀💥😓

Sorry, we couldn't calculate the sentiment for NQ

Made with ❤️ by LuxAlgo · Apr 5, 2023, 11:41 AM

[buoyant crane]

Thank you very much

[lunar shell]

@round eagle what leading indicator(s) do u recommend for use with Wave?

[round eagle]

im just using a combination of quant and mish his strat

[lunar shell]

Sorry what is quant and mish? I wanna figure out the strategy you’re /y’all are using.

[outer maple]

It might take a bit of leg work but I would scroll back through the chat over the past couple weeks. You will gain a lot of insight as to the strats being used and how to use them as there have been some tweaks/additions as well so everyone might have their own personal strat version atm.

[hearty rivet]

Shirley welcome aboard girl

https://tenor.com/view/yes-yes-yes-oh-yeah-you-yes-be-it-yea-yes-gif-24983796

[hearty rivet]

[buoyant crane]

Thank you, a lot to learn from this community.

[hearty rivet]

Are you familiar with the PAC tool?

You must use PAC in your trades if you want to stay consistent not just for a day or two but for months and years

[buoyant crane]

I did watch the video on PAC and just loaded today on tv. Appreciate if you got any advice for me on the settings and the strategy to try out

[hearty rivet]

Holy shot NQ taking a professional nose dive

[hearty rivet]

Of course I gotcha. I’m in plane rn I’ll be online at night if god allows. I’ll live-stream and show you the important stuff

[buoyant crane]

Cool!

[hearty rivet]

[copper tiger]

problem with my GOLD (GC) on apex ??

[thorny shale]

Hey Luke, I am also intrested in learning more about it. will you share the live link here Please ?

[gritty crane]

Anyone using the @nimble vale strategy and selling multiple times, looks like lots of opportunity today

[median lark]

Anyone trading futures in the US? If so what platform are you using?

[barren lintel]

Tradovate. Ive also used TradeStation

[austere viper]

June is front month not April, switch to GCM23

[barren lintel]

anyone catching these nq moves?

[copper tiger]

perfect ! thanks 🙂

[gritty crane]

yes

[gritty crane]

Quiet day today in this forum today, everyone counting their $$$ assuming that you went short?

[barren lintel]

Somehow I keep going short and hitting the SL

[gritty crane]

Sorry to hear that

[outer maple]

Sim traded today to get my fix. 2 W - 2 L - 1 BE. Tough PA this week. Impulse MACD has been a nice addition to the strat though.

[azure shell]

1 trade

[outer maple]

Quality over quantity

[random sage]

I took this aswell but my stop loss was 45 ticks and just stopped me out lol

[outer maple]

Thanks again for the heads up on imacd

[barren lintel]

Yeah, i think i figured out my own mistakes though. If I get in when the bar is closer to the SMA, then its good. Ive been getting in at the bottom instead of waiting for the bars to come up, then catch the move on the push back down.

[azure shell]

45 points is a spicy TP

[random sage]

Just trying out the 2 RRR

2 wins 1 loss today

[barren lintel]

What are you doing for tp/sl?

[azure shell]

20:30

[barren lintel]

oh you doing points?

[azure shell]

80 ticks 120 ticks

either way

[barren lintel]

cool

[nimble vale]

finished the first 300k account

[outer maple]

Overachiever lol

[round eagle]

quant is abnormal

[ancient marsh]

Ggs

[nimble vale]

Damn blizzard we got going on held me back a couple days but we made it. Now I got a few of the 50k to try and pass. Should have over 1 mil in funding if I do

[past jungle]

Congrats!

Can you show us your trade?

[nimble vale]

you know me.. og strat... have a second rsi on in this but nothing changed for the rules

[past jungle]

Awesome, I love your strat tbh lol, its the first consistent strat I've been able to follow and its pretty decent for all market conditions

Front ran this a little bit, but I'm out now on that spike 🙏

[nimble vale]

yep also valid for me too! keep pumping!

[ancient marsh]

Btfd

[past jungle]

Just the market running stops like it's been doing for so long now

[gritty crane]

I recall you have a new strategy as well are you using both?

[nimble vale]

sorry phone call interrupted me typing...i was just testing out a quicker scalping one yeah not fully finished but also not to much different. just a large bet size with a smaller tp

[gritty crane]

As always thanks

[austere viper]

What’s the bottom indicator?

[past jungle]

It's called "Dynamo"

Orange line = ADX, blue line = RSI

[hoary cradle]

Anyone using Smart money Indicator to trade Futures?

[open wren]

Where can I find said strategy?

[open wren]

Has anyone responded the correct answer to you?

[open wren]

Where can I find the docs to this

[random sage]

@open wren

1. price above or below the 50 ma
2. lux premium set to auto and mid term ( looking for candle color to match the direction of the 50 ) i.e green above red below
3. using dynamo for my "momentum" confirmation. rsi above/below the 50 level with the adx rising
   just looking for 20 points stop set below last swing or below the 50

I believe that is the most up to date one

[hazy pelican]

And on what TF do you all typically trade?

[random sage]

1 min

[tired plume]

still 'mid-term', even with the lux 6 update? thought i'd seen some folks trying it with 'short-term' since the update (but maybe that was just on the 5m).

[boreal widget]

what are best indicators to use for futures short term trading

[random sage]

I like mid term, definitely do some back testing and see which one works for you and gives you better entries

[boreal widget]

right.. what about signal strength. this is for crypto

[open wren]

What MA would it be… I’m using a Weighted Moving Average

Cause there’s simple, smoothed, etc etc

[tired plume]

thanks!

[random sage]

50 smoothed

[gritty crane]

Correct , here is one of the orginal posts #📈futures-stocks-chat message

[gritty crane]

Also search @nimble vale and @night flicker above there are examples as well

[random sage]

Some examples

[past jungle]

Mid-term is the best imo. I looked back and found 2 trades that gave a false signal that would've hit SL with the short term setting on 1m NQ. I'd much rather use mid-term, get better confirmations and a higher hit rate

[outer maple]

Agreed on the mid-term. Backtesting trades with best confirmation today would have given 4 W & 1 L on ES taking roughly 4+ pts per trade by factoring in fairly low volatility and a 5 min ATR hovering around the 3's for most of the day. Not too bad considering.

[hazy pelican]

Apologies if this has been asked a 1000 times, but what platform and broker do you use to trade the NQ and ES?

[random sage]

Apex trader funding, which gives you access to ninja trader and tradovate

[round eagle]

are the funding challanges hard?

[random sage]

If you are a good trader with discipline, good plan, and always know your trailing drawdown, then not that hard

[round eagle]

how does the trading days challenge work

8 hours a day trading or something like that for an x number of days?

[hearty rivet]

No

Target and max draw

No minimum time

[round eagle]

ohhh

yea i saw some with minimal trading days

[random sage]

quick W to start the session

[random sage]

today my strat is gonna buy 12 contracts (MNQ) with 60/45 , then have 8 contracts with 90/45(Move to break even once first 12 is filled)

[ancient marsh]

2 for 2

[random sage]

Same lets gooooo

[ancient marsh]

Just need volatility which we have so far today, fortunately

[ancient marsh]

3 for 3?

[random sage]

i didnt take this trade i was busy and the first pump after woulda missed my TP by one tick lol

[ancient marsh]

Im holding but it offered me 13pts

Not taking full stop

[outer maple]

Y'all take the green to purple back to green or vice versa trades? That woulda been 3/3 W on ES but missed it.

[random sage]

I woulda took that too but i hit my profit target for the day so im done

[past jungle]

Nice discipline 🙏

[hearty rivet]

i took this too

i entered from way up

[past jungle]

Nice stuff, what gave you confirmation earlier?

[random sage]

i saw a lil rsi divergence going on

[hearty rivet]

i wouldnt take a short on a green candle but the pink candles show engulfing candles. Engulfing candle with my short arrow AT a key level of swing low, i knew we will break this level

if i had bookmap open id see exactly what i wrote but simpler

i also found it much better, more fun and easier to scalp 10 ticks with large contracts like 3-5

[past jungle]

Ahh I see cool thx

[acoustic mist]

@past jungle share Dynamo indicator settings please

[hearty rivet]

i didnt have time to draw my supply demand

im breaking my fast and eating lolol

[acoustic mist]

Thank u

[gritty crane]

How is everyone doing today trading, I have not had much opportunity today to trade

[azure shell]

I avoid trades on the day before a holiday

But looks like there were some opportunities

[past jungle]

Not a bad day I would say (These are 19 EVAL accounts with APEX, not real money 😂 )

[hearty rivet]

jesus

25k or 50k acc?

you got 20? thats like $1000 worth with the current discount $3-4k if no discount

[past jungle]

15 50ks and 4 100ks

[hearty rivet]

get me one

pls

[past jungle]

If I get accepted and paid a nice paycheck from Apex I wouldn't mind doing an account giveaway for the lads

like a sweepstake to a lucky winner lol

[hearty rivet]

with 31k profit

thats all 20 accounts passing

[past jungle]

That's all the accounts p&l combined

$1,382 on the 50ks and $2744 on the 100ks

[hearty rivet]

nicee

[austere viper]

How many contracts are you trading at a time? I’m just curious. Long story short I have been here a long time and was on the old futures chat before they got rid of it, but with it back I can say you guys who are active are doing a much better job. Before guys just ripped into each other very little helping. I’m a dinosaur who actually traded in the pits at CBOT/CME but has now found a much less stressful life trading for a couple hours in the morning. I trade pretty much any futures that fires off a signal based on my parameters.

[past jungle]

I traded 2 lots on the 50s and 4 lots on the 100ks accounts. I normally just trade 1 and 2 lots respectively, but was looking to snag a little bit more today. I'll be going back to 1 and 2 lots next week

Oh yeah trading in PJs sounds a lot better 😂

[hearty rivet]

by lot do you mean 5 nq contracts?

[past jungle]

Sorry just meant contracts, might be using that term incorrectly idk

[hearty rivet]

ak \

[austere viper]

Couldn’t you just trade max contracts on one eval account or would that screw up trailing drawdown. I’ve been hearing a lot more people I know ‘old traders’ talking about funded accounts so I find this interesting.

[past jungle]

Yeah you could. there's nothing stopping you, but you need it to hit the profit goal quickly with little to no drawdown or else you'll just get your account deleted from the funding company. I know some guys who buy 2 evals, have one go short, one go long on CPI days and just guarantee an account

You can't do this when you're funded though, its against their rules. They don't care about evals though becuase they know so many people will just blow their account anyways

[random sage]

Some companies have scaling, when u reach more profit u get more contracts

Apex doesnt have any of that

I have a 50k eval account and only risk 200-400 of my 2500
Drawdown

[austere viper]

Agree, when I was looking at Apex the first thought I had was you gotta grab profit quick because if you don’t it goes against you in the trailing drawdown.

[hearty rivet]

doesnt matter if you get profits

your trailing goes up

if you buy 50k and your traildown is 47500

[austere viper]

For example If I’m trading ES I’ll do 10-20 per trade, I’ll scale out 25% at 5pt profit 25% at 10pt profit, run the rest with trailing stop.

However in the pit I traded just like you guys, quick profit, never let anything run, if the daily profit felt good, I left. I have taught my kids to scalp 3-5 pts per ES trade. Some days give you 1-2 trades, some days 5-6 trades.

[hearty rivet]

when your account lets say gets to 50500$ your new max traildown is $45800

and so on

[hearty rivet]

Teach us! 😄

[austere viper]

So as I said, the group before in the old futures chat years ago actually ran off a bunch of ‘actual traders’. Guys would drop gold nuggets of info and instead of taking it and seeing if it worked, it almost always did, they found every way to say it was BS, it got bad. I will make an effort to be more active and post while trading.

[hearty rivet]

I agree, i remember that the futures guys were among the only actual traders on lux. We all appreciate your efforts in advance

[ancient marsh]

With my funded acct, my max risk per trade is .55% and usually .25%

[past jungle]

I expect a decent sell off into the close

[ancient marsh]

Dont say that!

Jinx it

[outer maple]

I have evals with Apex as well. 25k. I actually trade them like $1500 accounts since that is the drawdown.

[hearty rivet]

zone to zone

[past jungle]

vanna and charm effects should take place imo

[austere viper]

I feel like I need to grab one of these Apex eval so I can better understand and hopefully help you guys.

[random sage]

Its 80% off why not only like 37$

Then like 150-200$ when u pass lifetime

[outer maple]

Yeah go for it. The sale is good through next week some time. I use NT8 and the trade copier which works really well. We've all been on the same page since I've been in here and it is a very mutually beneficial group. A couple very good member strats that have been tweaked a bit with damn good W rate but I am always open to suggestion personally speaking.

[hearty rivet]

lmao

[outer maple]

I just gotta put more faith in Quant strat, take all confirmed entries and scale up starting next week since W rate over the past couple weeks has gotta be around 70-80%+ if I'm not mistaken

[hearty rivet]

it touched my tp but didnt activate it and it rejected from there lmao

not bad tho

[outer maple]

That is exactly my personal long term trading goal btw. ES; scalp 3-5 pts a shot; 2-4 good trades a day; walk away.

[random sage]

yea i agree soon as i get a Funded account thats my exact strategy

@austere viper how many points is your trailing stop?

Looks like the OG quant went 6-3 today (I did 60/45 ticks) total profit 56.25 points and 3 of those wins got the runner to hit 90 tick TP, so brining the net profit up to 78.75pts

[ancient marsh]

You exit if get reversal signal?

[austere viper]

It depends which platform I’m using. I have used TradeStation forever and they have built in trailing stops that can use percentages. I’m guessing none of you guys use TradeStation as the margins suck $5000 per ES in margin. So in NT I will set 5pt as the majority of the time it will hit a TP of 5pts quick and not stop out. On a longer trade I will set 10pt and trail it behind moving it up every 5pts or so

[random sage]

If its reverse signal with 100% confluence then yes id just reverse the trade or just cancel it completely but if it goes to purple i just it do its thing

[ancient marsh]

Same, thanks

[random sage]

on apex 50k account you can trade 10 ES contracts lol and let it rip

[ancient marsh]

Do you enter right on confirm or wait better price? I been enter right when it confirms

[random sage]

right on confirm

finger always on the trigger waiting

[ancient marsh]

45 tick stop 60 profit

[ancient marsh]

Same

[random sage]

Correct

[ancient marsh]

Gracias

[random sage]

then another contract going 90/45

so RRR is like 1.7 total

[ancient marsh]

Excellent

[random sage]

today i did 12 MNQ contracts going 60/45 and 8 contracts going 90/45, total of like 1100$ profit

Check out this spread sheet to calculate risk reward when you are doing multiple contracts at multiple take profit and stop loss

[ancient marsh]

This last long was valid, correct?

[random sage]

Yea but i probably wouldnt of taken it, pretty late in the day

[ancient marsh]

Did it count in the 6-3?

[random sage]

nope

We'll see how it would of played out lol

[ancient marsh]

Ha

Have good weekend

[random sage]

Masters time

🏌️‍♂️

[austere viper]

Ok I’m gonna grab a 100K eval over the weekend, I’m gonna be pretty embarrassed if I fail🤦🏼. I see they have Tradovate as well.

[random sage]

I have the tradovate so i can trade while im at work lol, then when i get home use ninja trader

[ancient marsh]

For the runner, do you move stop at all?

If 1st TP is hit

[random sage]

yes when the 60 tp hits, i move it up above break even

[ancient marsh]

Cool

Thanks

Ill study it up

[random sage]

im using tradingview to trade so i cant do anything fancy, then when i get home in a couple days i can use ninja trader and have a 60 tick trailing stop on the runner instead of doing it manually lol

[outer maple]

🔥

[barren lintel]

You able to share which entries you got in? Im a visual learner

[hearty rivet]

they got 80% discount dont forget to use the discount code

[austere viper]

Yes I saw that, I will use the code, looks like $44 for a 100k eval

[hearty rivet]

yeah

i just blew an old apex acc i had

went in 5 contracts was around 400$ up, then decided to add 5 more then few ticks i got liquidated. it was around few hundred away from liquidation anyway. didnt want to get it up

[outer maple]

Been there, done that lol

[hearty rivet]

lmao

have any of you traded CL?

god damn supply demand on there is spot damn on

not even a single fakeout

[night flicker]

finally I am home

didn't trade this week at all

[hearty rivet]

welcome home Mish

where you been

[night flicker]

celebrated Passover with the family

I hate when its in the middle of the week and takes away some trading days but what can we do lol

[round eagle]

does someone have a exel document template where i can track my trades in?

[hearty rivet]

nice

[nimble vale]

not a cool as @past jungle but not a bad day either lol

[hearty rivet]

quant gj!

are those 4 copied accounts for same trade?

i found that more contracts, smaller tp is best

but the sl although small, is still a painkiller

[random sage]

Only 2 i took today because i hit my goal and stopped

[nimble vale]

Yeah they are copies but also testing different contract sizes on each and tps @hearty rivet

[past jungle]

I’d love to see that quick scalp method you’ve been working on

[cunning shuttle]

Hello guy.. just joined LuxAlgo and I can’t find the sr premium

Any help?

[nimble vale]

@past jungle so I’ve been testing out the strat on a 30 second and even a 5 second lol I do turn it to heikin ashis on the 5 second but then the tp is only like 3-4 points

[past jungle]

Oooo that’s fast

So you’re basically doing the same thing but with shorter candles

?

[nimble vale]

Yeah I’m testing it I would not recommend using the short autopilot for it way to many color changes…. But yeah just set it up as atm strategy in ninja one click and let run. I can say because it’s pretty tight the hit rate isn’t as high but there’s plenty of opportunities haha

[outer maple]

Your OG strat has been pretty dang reliable btw, thanks. Would you have a W/L % estimate since you've been using it? I think it should only get better returns at least in ES when volume/volatility returns.

I've been trying to work it with runners but not much running past TP the past week or so.

[nimble vale]

@austere viper I wasn’t very active today but just wanted to give you a shout out… when I first joined lux I read one of your messages and then searched every comment in every room for what you’ve said lol… not to be a creep. But I respect you 🙌🏻

@outer maple I don’t have a proper w/l as I honestly don’t take every set up… not because I filter any out I just miss some just not being on the charts or if stuff with the kids and anything else is going on. But I’ve found it to be very reliable too, especially for 1-2 trades a day. Make your goal and be done

[hearty rivet]

easy open gap setup

[hallow vine]

Who is trading GU

Ej gave a nice move

[neat raft]

sr is now price action concepts i think

[austere viper]

Thank you, I tried to give a perspective few have as I literally stepped into the 30-year bond pit at the CBOT on my 21st birthday!!!! Within a year I was on the top step trading 10,000 contracts a day, between that first day and top step and even since I have made every stupid mistake, made tons, lost tons, I am a living example of what to do and what not to do. I remember in one of those long posts talking about trading full S&P, for all those trading ES now just think how we now trade 1,2,5,10,etc…. I was trading 100 lots, going long 1,000 lots, that’s freaking 1000 ES, 10,000 ES!!!!!!!! Some crazy times for sure
Have a great weekend and get ready for a big day Monday!

[tired plume]

@nimble vale i've been testing it too and showing pretty awesome results. will post some ES / MES specific tips maybe next week.

[random sage]

@austere viper master yoda 😈

I am but a young padawan

May the trend be with you

[outer maple]

Nice. And appreciated. I've found ES optimal SL/TP this past week+ has been roughly 4 pts and its been like watching paint dry to even get that at times lol. Seems like NQ provides about same amt of opportunities but W's come much quicker. As much as I complain I still do like the slower pace of ES at the end of the day.

[ancient marsh]

If you like to watch paint dry trade the russell

[wind rock]

Today 1 trade with 3 contracts NQ and passed 25k eval.

[tired plume]

yep, i've been risking 3 points to make 5, on average, and that's been working extremely well so far.

[wind rock]

I like /RTY and trade sometimes. Good trending moves and no fakes..Also just like ES 1 point is $50 and tick size $5

[outer maple]

So ya think 3:5 is probably optimal? Sounds good. I've been doing 5:5 or 4:4 and very few of the L's (nearly) taken turn around for a W. A couple have come just a tick away from SL to win but almost not worth the time & nail biting waiting for that to happen.

[tired plume]

ugh i hear that. i'm still tinkering but so far so good. i definitely LOVE the idea of scaling up contracts on smaller, higher probability moves, rather than always having fingers crossed for moon shots. the discipline of getting OUT at 5 points and logging the WIN (and maybe leaving a 1 contract runner if the setup still looks warm) feels really good so far. will keep testing and report back for sure.

[vernal tendon]

Yoooo

@next valve sup homie

[inland knot]

do you buy using leverage/margin?

[night flicker]

Glad to see more people active over here

Seems like the adjusted Quant strat wasn’t as good yesterday.. so lets keep using the og one😂

[magic owl]

Can I ask anybody about their strategy and if they are willing to share

[night flicker]

You can look up @nimble vale you’ll see the main strategy that we use atm

[outer maple]

Yeah hard to argue with the OG setup. Added the wave and imacd for extra confirmation but not even sure its completely necessary as I still pull the trigger when og rules are met.

[nimble vale]

Nothing wrong with trying something out! Glad people are doing that and also having success with the OG one!

[outer maple]

Oh no doubt. Trial and error or success are all part of the game. Constantly improving and I personally appreciate everyones input and willingness to see all succeed. 🙏

[magic owl]

Is there like a document for this stray?

*strat

[outer maple]

Idk about an actual doc but its been put in the chat a number of times over the past couple weeks. Simplicity is the best part so not a lot of documentation needed in this case.

[next badge]

https://docs.luxalgo.com/getting-started/what-is-lux-algo/

[magic owl]

That’s not rlly what I was looking for, I was more looking for an explanation of the strat everyone is using

[random sage]

1. price above or below the 50 ma
2. lux premium set to auto and mid term ( looking for candle color to match the direction of the 50 ) i.e green above red below
3. using dynamo for my "momentum" confirmation. rsi above/below the 50 level with the adx rising
   just looking for 20 points stop set below last swing or below the 50

[magic owl]

What time frame

What’s the adx

And what’s dynamo

[random sage]

1 min

[magic owl]

Also, is it the lux algo rsi?

[random sage]

dynamo has an rsi and adx built into is, adx is momentum strength, so if thats increasing you know the trend in the direction of price is going is more likely to continue

[magic owl]

Is it an ema?

[random sage]

The Average Directional Index (or ADX indicator) is a technical tool designed to measure the strength of a market trend. The ADX indicator is used for various purposes, such as measuring trend strength, as a trend and range finder, and as a filter for different Forex trading strategies.

we use the 50 SMA

[outer maple]

Exactly. Might even seem a bit counterinuitive initially but you want the ADX angling back up before entering short.

[magic owl]

So which one is the adx and rsi

What colou

Does the adx need to be rising like the rsi for bullish and falling for bearish?

[outer maple]

Should be in the indicator settings but I don't think I've changed it and ADX is yellow and RSI blue for me.

[random sage]

So i back tested the OG strat for the week for just regular trading hours, I used 60 tick TP, 45 SL, then had a runner for 90 ticks and 45 stop loss( move to break even when first contract hits 60 ticks) and in total we went 18-10 the runner hit 12 times and broke even 6 times with a total profit being 231 points so if u traded 1 NQ contract you profit without fees and commissions would be 4620$

https://tenor.com/view/money-rich-gif-25596211

[outer maple]

You want ADX angling up for entry long or short since it indicates momentum irrespective of price direction.

[magic owl]

Ah ok cool

Thx everyone

[primal grove]

HELLO guys im new ((:

[outer maple]

Can you back test for ES pls lol. Jk

[magic owl]

So this would be a perfect trade?

[random sage]

If you did one NQ contract for 60 tick TP and one for 90 tick TP runner you would be up 6300$ so 2 contracts total for the week, pretty good week id say

[random sage]

Yes, i would disable candle borders to make it easier to see and just have like white or grey wicks

[lunar shell]

Y’all looking for ADX above 25 to confirm trends strength?

[outer maple]

Are you taking entries basically anything after RTH open? I've always waited 15-30 min historically but strat provides good setups regardless.

[magic owl]

Added macd for confluence

[outer maple]

Just a tip. Check out Impulse MACD. I'm using it personally as opposed to standard MACD. Great YT video on how to set it up as well.

https://www.youtube.com/watch?v=Twt4X3xeuIg&t=2s&ab_channel=MichaelWhitman

[magic owl]

Yeh I will, I’ve seen many vids on that

[lunar shell]

So just to confirm,
The strategy doesn’t use Smart Trail, Trend Catcher, etc ?

[lunar shell]

Which MACD are u using? (that doesn’t appear to be Lux)

[magic owl]

That’s the impulse macd

It’s better at finding signals than the normal one

And I personally don’t like the lux macd

Are we only looking for a premium signal once above or below the moving average

[nimble vale]

@random sage thanks for doing that… that’s awesome

The backtesting

[outer maple]

I'm not using the signals for anything other than extra confirmation but not actual entries. I also use Bookmap to help if an early exit is warranted or for trailing stops.

[lunar shell]

18-10 ?
are saying 10 wins out of 18 total trades? (55% win rate)

[outer maple]

I believe that's 18 W - 10 L which is approx 65% win rate under tough market conditions imo. That's not even counting the potential to let a couple runners go. Pretty dang decent with time and patience.

[magic owl]

Whoever uses this Strat with the ES, how many contracts u use

[tired plume]

SMA? interesting, i typically use EMAs but will have to try that.

[random sage]

when i get home gonna make a spreadsheet and track it by day and by week

[random sage]

ya 12 of those 18 the runners went and hit and probably coulda went even more

[magic owl]

So are you guys saying that u take trades without the signals

The signals just help to hold

Like confluence

[outer maple]

Yeah signals for me just give extra confidence but don't necessarily play a direct role in the strat from my understanding.

[magic owl]

Without the signals, what is ur entry signal? @outer maple

[random sage]

The colour flipping to red with the adx and rsi in confluence and under the 50 SMA

[outer maple]

Simply strat rules with candle color, crossing MA line, ADX angling up, RSI in trade direction. I personally want to keep it simple and if I start adding too ,many conditions (which isn't necessarily a bad thing for better confluence) then I feel like I might start second guessing entries and its tough to backtest as well if I don't stay consistent. I've found that a signal does appear shortly before/after all rules are met anyway most times.

I'll actually use the other stuff (wave, imacd, signals) once actually in the trade. imacd helps esp when price is stuck in a chop zone and I've used it to exit b/e as I am just not willing to sit in a trade around lunch for a half hour waiting to see if its going to move for or against me.

Why it also makes it tough for me to backtest effectively as trades are conditional. Meaning I'll take morning session trades every day of the week but once into NY lunch it gets dicey and can't say I'd take every trade until close if already at W or $ target.

[past jungle]

If you use bookmap, additional confluence for the "OG Strat"

1. CVD is +/- Depending on the direction of the trade
2. Resting orders above/below your entry depending on the direction of the trade

[outer maple]

Yup. Always got BM up and running. Nice for looking where to hide trailing stops too.

Not foolproof by any means esp with all the order book spoofing going on but better than guessing or using a strict fixed trail like when I first started. I mean if you can put a trail over/under high liquidity that price might reject from, why not imo.

[austere viper]

Make things as simple as possible, remember many before you, like me, made millions with zero indicators stuffed into a pit yelling at each other, use indicators to help you find but don't overuse them. Market dumped pre-NY open, ran the support level of 4096-4097 looking for orders, please note it either opened, stopped/reversed from this exact number (Feb 16, 2023-Feb 10, 2023-Dec 1, 2022-Sept 12, 2022-Aug 3, 2022, etc...) gave three equal lows showing the level was continuing to be respected, pushed up, found a bit of resistance before making a much stronger push to the previous days high of 4135ish. When hunting for orders the big traders will eat losses to build position before reversing higher in this case. Obviously I used some market structure and had levels set, but Lux shows the trend and when the coast is clear. I jumped earlier since the market pinned into orders and showed clear reversal coming. But Lux can help you guys see the market turning and give solid confidence to get in when short trend and long trend are moving in the same direction.

Remember the previous days high is a key point the market runs towards these points. All those who question the underlying algo theory just look how the market stops at exact points in time!!!!! Yesterday it stopped at that high from Wednesday.

I made tons of money watching banks manipulate the market in the pit, either fight it and fail or get on board and get rich.

[night flicker]

@austere viper have you ever used footprint / bookmap / range / renko pr you usually used normal japanese candles?

[austere viper]

Where are my scalpers, six 5 point scalps, just go with trend, don't fight it. I'm going to do the Apex eval with you guys, let's go!!! Get around the trailing draw by grabbing these and moving to the next trade. Take what the market gives you, some days there are lots of trades, others just a few, some have no trades. But when the trade is there have no fear, pounce and get the win!!! Trading is literally about confidence, lets say that again CONFIDENCE. If I did not walk onto the floor thinking I was the big swinging **** then I would have been run over. Now at first I did not have the confidence I was quiet as a church mouse in the corner, but as those seat lease payments ($5,000 a month in 1997) were coming due things had to change, my voice go louder, attention was paid to the biggest traders (what were they looking at and why) and I knew I had to not cry over losers and not cheer to long for winners. So don't beat yourself up over a loser, journal it and learn what went wrong so the next time you can improve. Anyone can trade but only some can put emotions aside and focus on executing when the market presents itself.

[outer maple]

https://tenor.com/view/lets-go-the-rock-rock-go-rock-lets-go-lg-gif-18455293

Your presence is already a welcome addition to the chat. Ready, willing and able to do this thing. 💪

[austere viper]

yes I have used everything, after leaving the floor I got my rear handed to me trading electronically, it was a big ego blow, but either adapt or be killed. So I have opinions on all those types. Bookmap is very interesting and I need to give it more time, I like the iceberg stuff as I know big traders scale in (I 100% scale in 10-year trades because of my size). Range is good and much like tick charts which give you a better picture and move when trades happen and not just because of time. Renko is unrealistic but has purpose, seen too many snake oil guys selling renko algos that can never work. Footprint I have not done a lot with but am open to learning about, its like bookmap in a way right?

[lunar shell]

@austere viper da goat 🔥

[austere viper]

No pressure now!!! It's all good!!

[random sage]

Lets get this bread

My plan is to have 20 apex accounts, in 2 years or less

[outer maple]

No, we’re going all the way now lol. Guys like yourself are great - hagw one day, right back online the next day talking shop and keeping everyone motivated. Love the passion esp after so many years in the biz.

[outer maple]

Your words mean a lot btw. I have to readily admit that I have the 'fear of entering a trade/fear of losing' which often proves fatal if not dealt with quickly. Confidence is key as you say and I commit to making the necessary changes ASAP.

[night flicker]

yeah footprint is the bookmap of active traders aka market orders.. since bookmap can only see limit orders, active trades you can only see with what happened already, we know that some people will manipulate bookmap even though it is illegal so footprint is something that cannot be manipulated

I did build a really good strat with it, I will check it on tick candles since as you said it gives a pictures of trades which is what footprint does as well, might work good together

[austere viper]

Everybody needs to keep a positive attitude, before guys on here were constantly putting others down, etc…. That’s not helpful. I love trading, I also am not married to one market because if you learn how to trade you can learn to trade any market, yes there are nuances but you can see them pretty quickly most of the time. I also am open to hearing everyone ideas as well.

[ancient marsh]

Thanks for sharing

[austere viper]

Trust me every trader goes thru a confidence problem. Just like every trader has thousands upon thousands of losers in a career. Key is mitigating them and just moving to the next trade. Take the loss, look for the next winner!!!! Have I made big mistakes, YES, we are human after all. In todays world only you know you lost a trade, mine were on full display in the trading pit🤦🏼. I had other traders yelling at me that I was an idiot (actually much more profane words but you get the point), I never paid them the attention they wanted, just look for the next trade and make it a big winner!!

[austere viper]

I know when I was looking at bookmap I saw a lot of big orders being placed and then pulled. I’m already used to this from the pit, guys would try the scare off to protect their position, worked most of the time until someone said sold and they dropped a 💩 because it backfired🤣🤣. On tick charts I use 900 for intraday on ES, NQ I think was 500.

[night flicker]

damn that is a lot

I use 10 range on ES and 30 - 40 on NQ (I need to adjust my NQ) do you know how that would translate to tick candles?

and yeah manipulating bookmap usually backfired nowadays especially after that one guy that crashed the market using it and manipulating the quantitive trading firms

[random sage]

Working on an excel sheet to track my weekly trades and trade profit calculator

[outer maple]

All the spoofing on Bookmap is frustrating. Makes it tough to read true short term order flow for scalping purposes.

[hearty rivet]

Spoofing on crypto is 24/7

On futures it’s not that bad

It’s a must to be able to differentiate between spoofing and buyers/sellers movin their orders up or down.

[austere viper]

To clarify those were tick chart parameters; so every 900 prints a candle and so on

[night flicker]

yeah I am familiar with tick candles, thanks for clarifying though!

[outer maple]

No doubt. I don't have it but they got the add-on Tradermap Pro which just shows the big boys at major levels of liquidity that actually stick around and want to get filled.

[hearty rivet]

Nice

I love bookmap and I only make consistent money with it opened

Have no idea how many times it saved my profits before an instant reversal

[night flicker]

once you find your trading style that works consistently for you keep it and just improve and adjust it with time imo its the best

[outer maple]

Mine is a work in progress you might say…

[hearty rivet]

markets closed right

[median spindle]

So ADX always has to rise before entering a long or short position?

Here the Red candle was below the 50 MA, ADX was rising, RSI below 50 with all these confirmation thats when you enter the trade? in this case a short?

[past jungle]

That's correct @median spindle

[median spindle]

Thank you, also you guys this for what exactly? Can I use this for stocks for day trading? or futures trading on binance?

[past jungle]

This particular method is best for 1m on NQ

[median spindle]

Okay cool! Thanks

[magic owl]

i just have to ask, this strategy we spend yesterday going over, who uses it for there funded account and who is consistently profitable with it?

[night flicker]

I know that @nimble vale has been using it for atleast a month or so, also @random sage has been using it for a while and is profitable.. there are a few more but not sure who they are. Most of the traders who use this strat are profitable, I used it as well for a while and was profitable

[magic owl]

@night flicker do you not use this strat now?

and that makes me feel better to know that i can use it on my apex account

[random sage]

Went 18-10 this week, I usually update everyday on how it did everyday, you can play around with it with tp and sl, i know quant does 80:80
Ticks and I use 60/45 with a 90 runner but see what works for you

[outer maple]

Just my 2 cents but no reason for it to not work with evals. I'm ES but if NQ maybe set a more conservative SL/TP initially until you get a feel for it. I don't have to tell you that trails with runners if you have them need to be tighter to avoid too much drawdown.

[magic owl]

I trade es on my eval and I’m down 700 on a 3k drawdown so I’m gonna try this Strat to help me get up

[outer maple]

Seems like fairly optimal ES pts with the strat has been in the 4:4 range at least recently but that could change if/when volatility with volume returns which is theoretically what we want as W/L rate may not change but it would give better opportunities for the runners. Another member had been testing 3:5 with decent success.

[magic owl]

What does 4:4 mean, 4 point take profit and 4 point stop loss?

Cos if I take two trades and get that, with two contracts that’s $800 in a day

Which is madness

[outer maple]

Yup. 4 pt SL to 4 pt TP or 3 pt SL to 5 pt W but do whatever you're confortable with. I'm only doing MES btw as I'm a big proponent of small L, small W, big W but absolutely no big L mentality.

[median spindle]

Hey im new to this Apex trading thing... I don't quite understand how it works. Say I sign up for a 50kfull account, they give me 50k to trade with which is around 167$ per month. what happens if I lose the full 50k? arent they losing 50k of their own money?

how does one make money with their service? It says profit goal 3k for this option, So I need to make 3k in the first 7 days if I understood correctly? then what happens?

[random sage]

You will fail the evaluation if you hit your trailing stop loss which is 2500$ 7 days is the minimum u can pass the account then u can actually make money if u hit your profit goal and 7 days trading but u can theres no max days so take your time, and make sure you get the 80% of code so its like 35$ until u pass

Look up canadian futures trader on youtube he has videos that will explain everything on apex

[median spindle]

Thanks bro will check it out

[median spindle]

Can I use mt4 or mt5 with apex?

[random sage]

Just ninja trader and tradovate I believe

[median spindle]

thx

[hardy prawn]

Oh no

[cloud musk]

Interesting what timeframe?

[outer maple]

1 min

[wind rock]

does tradingview has tick charts?

[austere viper]

Do not use them they are not accurate on TradingView, they end up being more like a range chart not a true tick chart

If you use NinjaTrader or MT 4/5, TOS, TradeStation, Tradovate then the tick charts are good and true tick charts

[ancient marsh]

You starting your challenge tomorrow?

[hearty rivet]

When the markets open in the AM US EST, we will see a further pullback. The news from Friday will play out at 9:30 am US EST. Markets from Europe will be closed, which usually opens at 3 am US EST. Tomorrow is going to be tricky.

[austere viper]

Yes, since the drawdown is in play I will set TP to grab profit. Keeping strat easy so systematic but also with discretion. Lux on auto short-term both trend catcher and tracer in agreement. That’s the strat I showed you guys Friday, easy, not complicated. Take 4-5 points, equal SL. I will also trade my own account with a bunch of strats like ORB.

[hearty rivet]

could you kindly share the strat once again if you got a moment?

i was enjoying the three day weekend as i was told to do

[ancient marsh]

Best of luck !

[austere viper]

I posted pics on Friday afternoon from Thursday so look thru the chat at those. Either takes two trades and ride them on 5M chart or take a bunch of 4-5 pt scalps on 1M chart, you could have ridden them out as well for big gains, the 1M gets you in quicker.

You go with the trend so make it easy, just stick LUX overlays and enable trend tracer and catcher. Put auto short-term for sensitivity. Now you are looking for a signal where the trend catcher/tracer are in alignment, you might have to wait a bit until tracer catches up to catcher. If they are flat it is showing basic consolidation or no defined strength, so best to wait until it turns up or down to get in. I am looking at market structure and watching for it to run to lows and highs and to fill FVG and balance out imbalances in price. Trades happen. 9:30-4:00 EST with the golden hour being 10:30-11:00. I will work to only run this strat in apex.

In my own account I will enter early at times on this strategy. I also run basic price action and ORB stuff. I do not use RSI, Stoc, MACD, MA’s etc….

I will run this Strat for ES & NQ in apex, maybe I’ll add YM & RTY.

In my own account I run the easy strat across all contracts. So currency, metals, energy, interest rate, agriculture, meats, foreign index, etc…

[wispy moat]

New guy here. Tons of info. Thanks for sharing this... I'll definitely test it out. B

[barren lintel]

When going for the 5pt, what are you using for SL?

[random sage]

Lets have ourselves a week 😤

[outer maple]

GM and thanks for the clarification! Market structure is ultimately where its at - I gotta get better personally at reading it but that just comes with time and practice.

'Lunch Strat' already would've gotten a couple very nice W's but I always just wait for cash open good, bad or otherwise.

[austere viper]

Generally a quick scalp will move in the direction of the trend so I’ll do 5 pt SL, if close to structure I’ll do swing low/high or something else.

Remember the market is never as ‘pretty’ as the thousand YouTube videos that tell you that it always has to be a 1:3 ratio for example, I see many that have you sitting in a trade for days, not realistic unless you are a swing trader.

[little cypress]

Also don’t be afraid to take profit and if you think it’s going to continue moving in a certain direction you can always move your stop loss

[austere viper]

Yes very good point, take the profit or move SL and lock it in as if the market keeps moving great just ride it until you think it’s ending.

When I started showing my oldest daughter I would find her watching YouTube videos of ‘gurus’ saying it’s easy and look at my car. First it’s not easy, it’s a mental battle everyday. You have to deal with wins, losses, scratch trades. Your confidence needs to be high, you have to believe in yourself first. Everybody makes mistakes, I make mistakes, I take losing trades!!!! I never heard those thing on those videos, yes you can make a lot of money quick but sustainability is something different and takes dedication.

I’ll drop another quick story, many of you have read the market wizard books, the biggest bond trader was Tom Baldwin, read his interview from the book, it will show you the same thing I’m saying. Learn to grab a trade and make money, then learn to grab the trade at size and make more money. 5pt on 1lot, turns into 5pt on 100lot!!!!!!

I stood a couple traders away from Tom on top step, he was a regular guy, not flashy, but he made 10’s of millions a day at times and took trades showing he had a margin account that was well into the high 9 figures!!!!!!

[nimble vale]

Love how this group is growing and the nuggets being dropped on a daily basis in here!

That must’ve been an amazing experience @austere viper

[austere viper]

Find the book ‘Charlie D’ read it cover to cover!!! Biggest bond trader ever. Simple guy, he along with Baldwin destroyed bank positions in the pit. Charlie had cancer but was a living example of making it and giving it back to those who needed some help in the world. Do any of us really think Jeff Bezos needs a 500 million boat? NO!!!!

[austere viper]

Charlie was before my time but Baldwin was a trader I literally analyzed. I was at dinner with him and asked why he traded when the market was quiet, what was you looking at. His answer floored me ‘the Japanese yen, I go where it ticks, statistically speaking I have a slight edge so why not’. 🤦🏼🤦🏼 but it worked. Find your thing, we are each different

[outer maple]

Great point & reminder. A personal goal of mine with some success is paying it forward. The feeling of giving to those in need is extremely undervalued imo.

[nimble vale]

Just bought Charlie D off Amazon!

Contributing to bezos yacht… for now lol

[austere viper]

My wife has been working the church food pantry for years, a couple years ago I started, best thing I ever did, every Friday our family runs it for 4 hours. It has led to us getting more involved.

[austere viper]

You can find a recording of his speech to new CBOT traders on YouTube. Tons of great insight.

Ok I’m grabbing coffee before watching open

[outer maple]

Very nice. Getting the whole family involved. I got kids of my own and those are the lessons and values they won't learn in school or on SM.

[austere viper]

Quick point volume heading into open is still low, volume Friday was 60K at this point, we are only double that. I like to see 300-400k, be cautious

[random sage]

Theres a win right there woo

[ancient marsh]

Good one

[outer maple]

ES hasn't done a thing worth getting excited about yet lol

[ancient marsh]

2 for 2

[random sage]

Easy money, was busy and didnt take the second one

[random sage]

3/3 this morning …

Strat is… im super busy and only took one lol

[austere viper]

I assume you are using the group Strat? Let me know what it is and I’ll set up the parameters to watch it.

Volume is down but a couple decent scalps were there for mine

[random sage]

Yea the “quant” strat

Busy at work rn cant go into much detail on the strat… lunch is in an hour tho lol

[thin knoll]

Another beauty trade right there

[tired plume]

2/2 today so far (using a slight variation of the quant strat, gonna report back some findings here later).

[ancient marsh]

4 for 4

[austere viper]

My Strat: 4110 gave buy, 4120 gave exit: 10 pts in 8 mins

[ancient marsh]

Excellent!

[austere viper]

I pulled a 10-year trade earlier for 5pts, quick

Crude fired at 80.85 dropping to 79.95!!!!

ES had an earlier shirt from 4110 to 4104 as well

[ancient marsh]

Nap time...

[outer maple]

Do you typically enter once the correlating tracer fires? I assume you probably don't wait for candle close... Not sure if they repaint much.

Getting a feel for the strat today. Seems solid.

[austere viper]

I wait til close typically but like everyone sometime jump the gun if I see volume coming in. After candle close no repaint.

[barren lintel]

what do you do now after the 10pt? Wait for trend flip?

[azure shell]

looks like i missed a great day seems like plenty of picture perfect setups

[tired plume]

here comes the setup, if we cross the 50.

[austere viper]

Took the 10, but the underlying trend is still up so would trail the SL. It consolidated a bit and then turned higher again. The market runs, rests, runs. If it helps visualize the trend stick a volume weighted moving average, keep it simple at 20. Lux gave two TP one was 8pt, one was 17pt.

Right now look at 4128, if it gets above that it should turn higher, but it has bounced off many times, let’s see

[barren lintel]

You using the default tp/sl setting in Lux? By default its set to 5

[remote juniper]

Is there a video on the quant strat ?

[austere viper]

No just pointing out when it prints ‘X’ as a TP spot

[ancient marsh]

Late day ramp maybe, long nq on the signal

There's the +20

[past jungle]

Nice, 3/3 for me today on the quant strat. calling it a day and heading to disneyland LOL

[random sage]

5/5 today !!! 1/1 for me tho lol too damn busy

[austere viper]

NQ fired for 20+ point quick move

Anyone notice NQ ran to longer term demand after open, reversed and drove towards overnight supply and stopped!! Market structure is easy to see after you have watched it for a long time.

[tired plume]

hey to anyone using the quant strat, are do you have LUX set to short-term or mid-term? i know it was originally mid-term but maybe some folks switched to short-term after the big LUX update. thanks! i've been testing it both ways, short-term seems to change the candle color better above and below the 50EMA (which i believe was the point) but mid-term might give safer/more consistent signals.

[ancient marsh]

I use mid

[tired plume]

also, are most using 50EMA or SMA? i assume EMA but just confirming. also, not looking for a LUX buy/sell signal, just candle color change, correct?

[hearty rivet]

Much obliged ,friend!

[random sage]

SMA and the signals are just extra confirmation

[tired plume]

thank you!

[night flicker]

how are everyone today?

[outer maple]

Do you typically wait for a 15-30 minute opening range to establish before entering or is it more situational depending on trend/strength? I just see so many early fakeouts. Waiting & watching has kept me out of many 'bad' trades but I've also missed some that just keep running too. I guess opportunities are always going to be there is my thinking so why risk it.

[gritty crane]

Was busy today and did not do much with the markets, looking at potential @nimble vale trades. Did anyone take the following short at the time 15:25. It looked valid to me

[night flicker]

today was a 3/3 day.. 100% wr total 60 points profit on Quant strat

[gritty crane]

Nice

[night flicker]

did not trade today, but it was a good day to follow the strat

if you need me to share the trades I have no problem in doing so

I think anyone who is interested in the strat has enough information to understand it top to bottom

[ivory crater]

Can you please share once?

[night flicker]

in the last one I would've entered in the third candle because ADX consolidated so we would want to see another rising ADX and then enter

[celest epoch]

wrote a really quick script to identify the triggers for quant strat, this doesn't check if rsi / adx is rising but thats easy enough. feel free to give suggestions.

// © chud575

//@version=5
indicator("QuantThis Strat", overlay=true)//, margin_long=100, margin_short=100)

adxlen = input(14, title="ADX Smoothing")
dilen = input(14, title="DI Length")
dirmov(len) =>
    up = ta.change(high)
    down = -ta.change(low)
    plusDM = na(up) ? na : (up > down and up > 0 ? up : 0)
    minusDM = na(down) ? na : (down > up and down > 0 ? down : 0)
    truerange = ta.rma(ta.tr, len)
    plus = fixnan(100 * ta.rma(plusDM, len) / truerange)
    minus = fixnan(100 * ta.rma(minusDM, len) / truerange)
    [plus, minus]
adx(dilen, adxlen) =>
    [plus, minus] = dirmov(dilen)
    sum = plus + minus
    adx = 100 * ta.rma(math.abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
sig = adx(dilen, adxlen)
// plot(sig, color=color.red, title="ADX")

ma50 = ta.sma(close, 50)
rsi = ta.rsi(close, 14)

longCondition = close > ma50 and rsi > 50 and sig > 25
// if (longCondition and strategy.position_size <= 0)
//     strategy.entry("Long", strategy.long)
// else if (not longCondition and strategy.position_size > 0)
//     strategy.close("Long")

// // shortCondition = ta.crossunder(ta.sma(close, 14), ta.sma(close, 28))
shortCondition = close < ma50 and rsi < 50 and sig > 25
// if (shortCondition)
//     strategy.entry("Short", strategy.short)
// else if (not shortCondition and strategy.position_size < 0)
//     strategy.close("Short")

//barcolor(longCondition ? color.green : shortCondition ? color.red : na)
plotshape(longCondition and not longCondition[1], "Long", shape.triangleup, location.belowbar, color.lime, size = size.small)
plotshape(shortCondition and not shortCondition[1], "Short", shape.triangledown, location.abovebar, color.red, size = size.small)

also is this strat trying to grab 20 ticks? or 20 points / 80 ticks?

[past jungle]

Awesome! 20 points @celest epoch

[random sage]

I go 60 and 90 ticks for my take profits, move 90 to break even once 60 hits, 45 stop loss

[nimble vale]

That is awesome @celest epoch

[austere viper]

I don’t but no reason you can’t, there are guys who simply set an ORB with the first minute or five minutes, scalp it above or below, take two and run the second. If the trend is already heavily sloped down or up then I would enter if there was a signal I was not there for.

I’m not in my office right now so I quickly placed trades from my personal account onto TV, I trade on TradeStation using algo so they fire quicker, it’s a signal very close to LUX, it’s literally within a candle each time of LUX

NQ 148.25 points, it takes a percentage so each trade executes different lot size, on average 5-10 lots.

ES 28.25pts, lot sizing today was 20-30

ZC 8.25pts 100 lot

ZN 10pt,

[outer maple]

🔥

[outer maple]

Thank you for the feedback. ^^^ Incredible day btw. 💪🏼

[random sage]

Everybody eating 😈

[random sage]

So the quant went 5/5 as i can see and all hit TP2 of 90 ticks, if i was able to look at the charts all day id be up 3600$ (probably woulda stopped after 2 trades tho cuz I woulda hit my profit goal and shut er down)

[sweet lake]

Guys do you think USOIL.F is gonna go bearish anytime soon? It's left a massive 300 pip gap on week open

[paper lake]

@night flicker hi can you please send me the quant strat? Im new to this

[viscid torrent]

Hey @night flicker hope you are well! The wavetrend indicator I am trying to set an alert for when the bar colour turns blue. I can see in the indicator settings that this is under "kumo implied historical volatility" but when i set an alert there is no option for this. How have you set up your alert for this or are you manually checking based on when you get buy / sell signal?

[pure shadow]

Hey guys 👋! I am pretty new to this premium (1week). When you guys talk about these strat, I see it a little different than the premium indicators from lux. How do I learn to use them? I am not yet comfortable taking ES so just playing with mes here & there but not consistent yet.

[night flicker]

I placed alerts on strong sell / buy since you dont enter on wavetrend change but on strong signals

I don’t use the strat sine the og one works better as it seems

I will keep monitoring both though and we will see

[viscid torrent]

yeah i was just thinking of automation. does not seem that you can set up an alert for when the colour changes to blue on wave trend. any idea?

[night flicker]

with the new algorithm, strong signals will always mean also color change, you can enter on strong signals, it will always be a valid signal (if all is correct) but you will miss a few trades

but that is how automation is.. missing a few trades to make it automated is worth it sometimes imo

[frosty oracle]

@night flicker Which strat do you mean?

[steep tinsel]

no, there's no way to set it blue

and there's no point in setting an alert when it turns blue - as the strong sell/buy is blue on the wavetrend with 6.0