When I rebooted my Tradestation the ES shorts workspace shows a
1st entry short on one of the Hi Mid Lo systems, see images. I have
2 versions of this system, this one has the much lower profit
factor over the other one that didn't trigger i.e. a 7 PF vs a 70
PF. The one that triggered does a lot more trades but overall
has a decent profit curve.
Futures are up slightly with ES up about 9 points. We have big
news on Wednesday of course with the FOMC, the market is either
gonna pop hard or drop.
I will go ahead and issue this as a trade for the website but
only as 1/2 position size, meaning 1 MES contract only instead of
the normal 2 contracts. It's late late in after hrs to trade normal
ETF's (though If you have an IB account they now allow ETF's like
SPY to be trading now and all night long. I assume most of
you will not be doing this trade, only those of you who trade the
ES/MES futures.
yeah that's close of ES bar - again guys realize that is the
worse version of the system, so hopefully anyone who took that did
it small. It should take a 2nd entry. The other one that has the
much better stats is not taking a trade, nothing else is
ES system short
Posted by matt on 20th of Mar 2023 at 08:49 pm
When I rebooted my Tradestation the ES shorts workspace shows a 1st entry short on one of the Hi Mid Lo systems, see images. I have 2 versions of this system, this one has the much lower profit factor over the other one that didn't trigger i.e. a 7 PF vs a 70 PF. The one that triggered does a lot more trades but overall has a decent profit curve.
Futures are up slightly with ES up about 9 points. We have big news on Wednesday of course with the FOMC, the market is either gonna pop hard or drop.
I will go ahead and issue this as a trade for the website but only as 1/2 position size, meaning 1 MES contract only instead of the normal 2 contracts. It's late late in after hrs to trade normal ETF's (though If you have an IB account they now allow ETF's like SPY to be trading now and all night long. I assume most of you will not be doing this trade, only those of you who trade the ES/MES futures.
Looking like a potential second
Posted by focus175 on 21st of Mar 2023 at 03:57 pm
Looking like a potential second entry today Matt?
yeah that's close of ES
Posted by matt on 21st of Mar 2023 at 04:11 pm
yeah that's close of ES bar - again guys realize that is the worse version of the system, so hopefully anyone who took that did it small. It should take a 2nd entry. The other one that has the much better stats is not taking a trade, nothing else is
I'm not seeing a 2nd
Posted by matt on 21st of Mar 2023 at 05:16 pm
I'm not seeing a 2nd entry on that ES system, which is odd
I entered this position at
Posted by patellee on 21st of Mar 2023 at 11:46 am
I entered this position at the highs this morning so have a little bit of buffer. I always stick to system.