tradewithraja bot last version needs to educate,

[Kirua]

15 minutes ago, Ninja_On_The_Roof said:

They actually use this setting to trade or it is just there then you need to put in your own to fit your risk tolerance?

 

I didn't now, i just opened it and see what are the default setting. maybe it's better in MNQ. i wait maybe someone here have a good config.

[Ninja_On_The_Roof]

21 hours ago, Liwulong said:

Based on the developer, when the channel crosses above the cyan line, which is the MA, enable long only

When the channel crosses below the MA line , enable short only.

When the MA is inside the channel, do not take any trade or trade from the top to the bottom of the channel and vice versa. This is a bit risky though since market is expected to be ranging at this time. There are different setups to trade. 

Do not take trades when price is outside the channel, It is considered to be overextended at this time.

There is trend setup, band setup and i think the semi-auto way i shared above. Leaving it to run after market open might work for a while, as well as any other bot. 

The thing i like the most about TWR is the support and resistance indicator.

 

 

The volume pressure might be helpful.

[Ninja_On_The_Roof]

1 hour ago, Kirua said:

I didn't now, i just opened it and see what are the default setting. maybe it's better in MNQ. i wait maybe someone here have a good config.

Granted that it is cool to have templates but to me, someone's else settings might not be the right one for you. Everyone has their own risk of tolerance, pain threshold and capitals.

They might be able to have a huge stoploss that doesnt mean you can too.

We all need to adjust the settings accordingly and not by someone else's.

Just my humble 3 cents.

[Kirua]

2 hours ago, Ninja_On_The_Roof said:

Granted that it is cool to have templates but to me, someone's else settings might not be the right one for you. Everyone has their own risk of tolerance, pain threshold and capitals.

They might be able to have a huge stoploss that doesnt mean you can too.

We all need to adjust the settings accordingly and not by someone else's.

Just my humble 3 cents.

Yes, you're absolutely right, but I'm basing this on the fact that everyone now goes through Prop Firms and has accounts with a minimum of 50K, so I think everyone has those basics. Maybe I'm mistaken.

[Liwulong]

6 hours ago, Ninja_On_The_Roof said:

They actually use this setting to trade or it is just there then you need to put in your own to fit your risk tolerance?

 

I think GC settings is like 25 TP 50SL

 

[Ninja_On_The_Roof]

16 minutes ago, Liwulong said:

I think GC settings is like 25 TP 50SL

 

That's more like it.🤗

 

[Kirua]

18 minutes ago, Liwulong said:

I think GC settings is like 25 TP 50SL

 

More better i think with MGC, MNQ. i tried MNQ today with 5 contract. and it was clean. i will try this week to run it everyday 9:30 to 10 or 11. with 500 daily win. and we'll see

[Ninja_On_The_Roof]

6 minutes ago, Kirua said:

More better i think with MGC, MNQ. i tried MNQ today with 5 contract. and it was clean. i will try this week to run it everyday 9:30 to 10 or 11. with 500 daily win. and we'll see

Try 20 ticks for TP.

And 40 ticks for SL.

Unless you are swinging trades, there is absolutely no need to have a 100 ticks stoploss.🤗

Bite a small piece one by one. Going for a home run move would eventually blow up prop firm accounts. Especially with the intraday drawdown rules.

Today was a great day for ES, out of the gate. Awesome drop! 

That's all that we need. 

 

Edited 1 hour ago by Ninja_On_The_Roof

[Liwulong]

I think the band trades are 100SL/100TP. Only one trade per day and you done. They use a 40/10 NinzaRenko.

Edited 1 hour ago by Liwulong

[Ninja_On_The_Roof]

15 minutes ago, Liwulong said:

I think the band trades are 100SL/100TP. Only one trade per day and you done. They use a 40/10 NinzaRenko.

Well, at least they go for 1:1 ratio😂