yamantaka Posted September 14, 2013 Report Share Posted September 14, 2013 Jane, I'm a systems trader. I don't think the bigger picture version as you've shared above would easily lend itself to automation since it involves a wee bit of discretion. However, your earlier no indicator version would. Do you have any interest in working with me to develop that into an auto-trader? Quote Link to comment Share on other sites More sharing options...
yamantaka Posted September 14, 2013 Report Share Posted September 14, 2013 @wcicom, you are incorrect. Each ES tick is $.125, not $.25., but your point about slippage is well taken. In truth a trader who buys ask and sell bid is losing a whopping 50% in slipppage on a one point ES trade. I think scalping ES without leasing a seat on the CME is a money losing proposition after all costs are factored in. Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted September 14, 2013 Author Report Share Posted September 14, 2013 Hi yam. would love to. i used to be a very good easy language programmer, specialized on butterflies and condors etc on the euro. Had 26 computers running 24/7 optimizing the results, oh well , that is history now lol. image-------///// http://imageshack.com/scaled/800x600/836/7vdk.jpg-------///// Traderbeauty-Jane wizard101 1 Quote Link to comment Share on other sites More sharing options...
Guest mroussos Posted November 3, 2013 Report Share Posted November 3, 2013 Friday was a great day for sure Where can I find that divergence indi thanks Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted November 3, 2013 Author Report Share Posted November 3, 2013 Hi Mroussos You can use any divergence indicator- it does not make a difference at all. Remember- a div is only a potential for a future reversal or a retracement, its not a guarantee; so do not make a usual mistake that we all mak- meaning- you see a divergence and you swear that the market is going to retrace and guess what- it just continues and take you out. To my humble opinion- dont waste you time with indicators, check you fibs on top of the indicators and if you see a divergence right when the fib extension is 1.272 or 1.618 then take it , but keep in mind that this is just a retracement. If the fib is less that 1.272 then this is either a symmetry with a retracement equal to the last leg or a reversal. But as long as the fibs are 1.272 or more then most likely the trend continues. Traderbeauty-Jane Quote Link to comment Share on other sites More sharing options...
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