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PRECISION PROBABILITY INDEX WITH FUTURES, EXIT ALL TRADES BEFORE MARKET CLOSE
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How are you doing?
I am trying to use Ninjatrader 8. You happen to have the PPI for version 8 of Ninja?
Pls. email me the PPI if you have it. The same machine ID
P.S. You are right i have to set it with slow 15m time frame charts.
Ideas:Can you add some features for FUTURES only: close all positions at the market closes for Futures because we all use margins to trade futures and we must close all open positions.
<< ANSWER>>
NT8 is still a beta version, when it becomes an official version the files will all be converted. Anyone with a valid license who requests a new file for NT8 can have one.
You can do that already with the feature of the NT7 platform. See "order handling" > exit on close ( set to true or false)
but it will usually cause
1. More trades
2. Cutting of winning trades before their correct moment is due ( in efficient trading )
3. Extra commissions
It is not recommended to do this, please see this forum post for a deeper explanation
http://tradinggame.precisiontradingsystems.com/forum/2016/02/15/Precision-Probability-Index-with-E-Mini-SP-Futures-ES-/94
Trading futures by day with a small account is a recipe for a fast loss of that account. Usually the only time real money is made is by holding a winner for many days or weeks.
Worst trading quote ever = Nobody ever went broke taking a profit.
This is a bad quote because we all have losses and the big winners pay for them. Taking profits too early removes that cushion of safety and lets accounts suffer which could have otherwise done very well.
How are you doing?
I am trying to use Ninjatrader 8. You happen to have the PPI for version 8 of Ninja?
Pls. email me the PPI if you have it. The same machine ID
P.S. You are right i have to set it with slow 15m time frame charts.
Ideas:Can you add some features for FUTURES only: close all positions at the market closes for Futures because we all use margins to trade futures and we must close all open positions.
<< ANSWER>>
NT8 is still a beta version, when it becomes an official version the files will all be converted. Anyone with a valid license who requests a new file for NT8 can have one.
You can do that already with the feature of the NT7 platform. See "order handling" > exit on close ( set to true or false)
but it will usually cause
1. More trades
2. Cutting of winning trades before their correct moment is due ( in efficient trading )
3. Extra commissions
It is not recommended to do this, please see this forum post for a deeper explanation
http://tradinggame.precisiontradingsystems.com/forum/2016/02/15/Precision-Probability-Index-with-E-Mini-SP-Futures-ES-/94
Trading futures by day with a small account is a recipe for a fast loss of that account. Usually the only time real money is made is by holding a winner for many days or weeks.
Worst trading quote ever = Nobody ever went broke taking a profit.
This is a bad quote because we all have losses and the big winners pay for them. Taking profits too early removes that cushion of safety and lets accounts suffer which could have otherwise done very well.
