Glatilliawmal
03-07-2016,
I waited quite a while to post.
I am interested in futures trading. I have been sim trading for about a year now trying to find something that works for me. I started using Think or swim and attempting to sim trade crude oil. I had no clue and tried a whole lot of technical indicators. Some of them actually worked occasionally. I figured out that crude oil wasn't for me and technical indicators are not "all that".
I started noticing people talking about orderflow and volume profile. I decided to learn about that and purchased a copy of Ninja, Jigsaw tools and the Rancho Dinero program. (I am not affiliated with anything mentioned. I didn't use the Gomi tools because of my intellectual limitations with software. Rancho seemed like it would be easier for me to implement)
I have been sim trading the 6E euro futures. I have tried the ES and bonds but they are too slow for me. I primarily use the Volume ladder, Volume profile and the reconstructed tape from Jigsaw as well as the DOM. I do have one oscillator on a second chart as a "crutch". On that secondary chart I am using a three tick Renko chart with the VWAP channel and a volume profile.
What seems to work for me is seeing large volume at the top or bottom of the volume ladder with no follow through. I get in and enjoy the stops being hit in the opposite direction.
I have spent quite a bit of time with the volume impression chart (Footprint, ladder or whatever you want to call it) and it is starting to tell me a story.
I have started becoming consistent in sim trading. I have an account set up and funded. My questions are this:
1) How many months of consistent sim trading before going live?
2) What can I expect in the real world? I know I am getting unrealistic fills in the sim trading. Should I expect half of what the sim account is producing? 75%?
I am interested in futures trading. I have been sim trading for about a year now trying to find something that works for me. I started using Think or swim and attempting to sim trade crude oil. I had no clue and tried a whole lot of technical indicators. Some of them actually worked occasionally. I figured out that crude oil wasn't for me and technical indicators are not "all that".
I started noticing people talking about orderflow and volume profile. I decided to learn about that and purchased a copy of Ninja, Jigsaw tools and the Rancho Dinero program. (I am not affiliated with anything mentioned. I didn't use the Gomi tools because of my intellectual limitations with software. Rancho seemed like it would be easier for me to implement)
I have been sim trading the 6E euro futures. I have tried the ES and bonds but they are too slow for me. I primarily use the Volume ladder, Volume profile and the reconstructed tape from Jigsaw as well as the DOM. I do have one oscillator on a second chart as a "crutch". On that secondary chart I am using a three tick Renko chart with the VWAP channel and a volume profile.
What seems to work for me is seeing large volume at the top or bottom of the volume ladder with no follow through. I get in and enjoy the stops being hit in the opposite direction.
I have spent quite a bit of time with the volume impression chart (Footprint, ladder or whatever you want to call it) and it is starting to tell me a story.
I have started becoming consistent in sim trading. I have an account set up and funded. My questions are this:
1) How many months of consistent sim trading before going live?
2) What can I expect in the real world? I know I am getting unrealistic fills in the sim trading. Should I expect half of what the sim account is producing? 75%?