Post Tagged with: "Euro Futures"

Step One In Building An Intraday Trading System

September 26, 2016 5:00 am7 comments

If you have been reading System Trader Success for a while you’re probably familiar with how I develop trading systems. The very first step is to come up with a simple idea to act as the seed or core of your trading system. I call this your key concept. This key concept is a simple observation of market behavior. This observation does not need to be complex at all. In fact, they are often very simple. For example, here is a key concept: most opening gaps on the S&P market close if the gaps are less than 4 points. This key concept is very simple, and testable. It is from such observation that I’ll often start to build a trading […]

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Most Popular Articles For 2014

December 29, 2014 5:00 am0 comments

mzns the year winds down, it’s time to take a look at the top five most popular articles for 2014. I determined the top five articles based upon the number of views the article received. So let’s get going by starting with the 5th most popular article for 2014… Number 5 RSI And How To Profit From It This is a popular article as it was written back in 2012. It demonstrates two very simple trading models to trade the S&P buy being into short-term weakness. This article was updated in 2013 which also made it to this list (see below). But we are due for an update in 2015 as many people will be wondering how this trading model did […]

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Is This Market Worth Trading?

May 26, 2014 5:00 am2 comments

Before trading a particular market it might be a good idea to first ask, how much potential profit can I squeeze out of the market? This would then lead to an even more important question, is this market worth trading? But how do you answer these questions? There are many ways to estimate potential profits, but a rather simple idea I recently discovered was found in the June 2012 issue of Technical Analysis of Stocks and Commodities. The article is called “First, You Design The System”‘ by Sunny Harris. Calculating Potential Annual Salary In the article Sunny proposes the idea of tracking all ideal trades on your preferred trading time-frame over one year. For example, let’s say you’re trading a five-minute […]

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Testing A Euro Currency Futures Scalping Strategy, Part 3

February 10, 2014 5:00 am13 comments

In the previous article, “Testing A Euro Currency Futures Scalping Strategy, Part 2“, we discovered a time based filter really improved the performance of the system. By eliminating the unproductive times to trade nearly all aspects of the system were improved with only the smallest cost of annual return. In this article I want to look at another filter which will really help to improve performance. So, lets try to improve this Euro Scalping Strategy. Early in this series we tested the idea of implementing a bull or bear market regime filter. In the end, this did not help too much and the filter was abandoned. Another method I like to use to divide the market is volatility. Markets naturally cycle between low volatility and high volatility. Maybe our trading system performs better in high […]

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Best Times To Day Trade

January 27, 2014 5:00 am2 comments

If you are developing a trading system to trade intraday charts you might want to know when are the best times to day trade. This article is aimed at those who enjoy opening and closing a trade within a day. That is, those of you who are day traders that end the day with your trading account flat. We’re going to hit a very basic but necessary edge that just may help you narrow down when you should be trading and when you should step aside.  I’m a big believer in knowing when not to trade. Stepping aside and not opening a position can be a great thing for both your account and your sanity.  In this article I’m  going […]

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Testing A Euro Currency Futures Scalping Strategy, Part 2

January 13, 2014 5:00 am5 comments

This is a second part of examining a scalping strategy for the Euro currency futures. In the first article, Testing A Euro Currency Futures Scalping Strategy, we introduced a simple shorting concept. As a quick review here is what we started with. The strategy is based upon a 1% price envelope below the current price on a 5-minute chart. When price closes beyond the envelope a long trade is opened. The trade is closed when price returns to the envelope. Below is an image of the system with a trade example. Notice there are times when price touches the lower bands and no trade is entered. Price must close below the band to trigger a trade. We concluded the first article with a look at adding […]

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Low-To-Close Euro Edge

October 28, 2013 5:00 am5 comments

I was recently looking at a daily chart of the Euro when I noticed something that has always been there but it never really caught my attention. Below is a chart of the Euro future contract. The days are not important. Look at each candle. Notice anything? Nearly all the days have pronounced tails. It’s also true they all have wicks, but for the sake of simplicity let’s just look at the tail. The tail of a daily candle is the “wick” below the candle. Suddenly one thing stood out at me: the daily close if often well above its intraday low. This got me thinking if I could buy near the daily low I might just have an edge […]

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Firststrike Trading System

August 26, 2013 5:00 am6 comments

Every once in a while you run accross a free trading system while surfing the web. Often I don’t spend much time with these systems since, more often than not, most turn out to be worthless. I decided to look into this system because it was a breakout method that was designed for the FOREX market. Breakout methods can have some validity and the rule base for the system was simple. In short, this system was very simple and to me, it just might be worth looking into. If this system does not do well, perhaps a few simple tweaks may make it worthwhile. If all else fails, it will be an exercise in properly modifying and testing a trading system. The system is called Firststrike and […]

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