sevensa

Yep. For NYSE use symbol TICK-NYSE and for the Nasdaq use TICK-NASD.

That depends on the type of system, doesn't it? If your system is a trend following system, then you probably should change it if the market is "making nice trends" without you as you have mentioned above. How are you going to be profitable if you are not looking for an approach to buy low and sell high? Sure, you should not expect to be right every time and you should have an appropriate plan in place when you are not, but your approach still should be to buy low and sell high.

I don't really understand what you mean with the section I have marked in bold. Can you maybe explain this a bit better? I see the markets making nice trends without me all the time and don't need a lot of training to see that. Much to my dismay, it just happens even with no effort on my side at all.

I did everything online and was a breeze. I never had to call them in the couple of years I have been using them. If you want to use another trading platform yes. You don't HAVE to and IB has a fairly decent booktrader. I am not sure if this is really a bad thing. If you do less than $30 in commissions in a month, then they charge $10, otherwise it is free. You don't have to be a very active trader to get to $30 a month in commissions. They also provide backfills for their data. Zen-Fire/Mirus doesn't. I can't speak to that. Never happened to me. You don't need to want to trade everything under the sun. Maybe just Euro Stoxx, Kospi and ES/YM/NQ. Why wouldn't you want the flexibility to trade different uncorrelated international markets? What do you do when you miss a few days and need backfill data?

Care to expand on this statement and how you came to this conclusion? Why would risk depends on the type of trading you do and not about how you manage risk and use position sizing, regardless of the type of trading you do?

And I have sent an e-mail inquiry once to Mirus and never heard back from them. On the other hand, never had any issues with IB. I am not sure how you can recommend Mirus to everyone without knowing the markets they want to trade. The markets available through Mirus is very limited compared to IB. If one's criteria is to use brokers no one had issues with before, then you can stop looking and save yourself the time.

What exactly is wrong with IB? I've been using them for years and is very happy with them.

You really seems to be pushing Mirus quite a bit on here today. Are you affiliated?

Looks a bit overkill to me to need all this if your trading is done EOD and you are planning to hold for weeks.

Yes, this is an excellent idea to buy at 450 and sell at 750 two weeks later. This is 66% in two weeks. Assuming of course it does go up 66% in two weeks. I assume you did your research and found that 66% return in two weeks for the total stock market is completely reasonable and realistic?

Well, that is just how the market works. It doesn't know about your plan or what you think it should do and will do what it do. That is why you need to have a clear plan telling you why and where you will enter and where you will be wrong and what you will do when you are. Buying just because you feel it is low is not a real plan.

Yes, buying low and selling high is always a good way to go. Or selling high and buying low. The problem is identifying low and high realtime.

You can use Ninja with IB also. So from a charting/trading execution platform there is probably very little difference, unless you want real tick charts which IB don't provide. It is just fine for any time based charts. I don't know what Amp does, but I am happy with what I get from IB.

Have you tried Google to find the definitions? I found a gazillion hits.

I think you don't understand the logic of "if, else if, else if" and assume that that because the last "else if" will almost always be true, that F3 will almost always be used. Once the first "if" is true, the "else if's" are not evaluated hence the use of "else". The system is similar to an OR type breakout system based on a fraction of the previous day added/subtracted from the high or low of today after 10:15. on the OR compared with a fraction of the previous day.

Why don't you just copy and paste it into the editor and create one yourself?

On the surface this looks like a simple question, but if you think about it, this is a very vague question. The best software/indicators would be those that meet your needs the closest. To determine what the best one will be for you, you need to indentify what your requirements are. What is the best for someone else, is not necessarily the best for you. This is like asking what is the best car. If you are looking for something to do off-roading on weekends, then a luxury sedan is probably not the best carl although it might be the best car for other things.

So, what happened after the first two days? Are you trading from your yacht now?

It tells me that for every $1 I had in the beginning of the calculated period, I now have $2.15. In other words, each dollar returned 115%. Here is an example: 12 months ago you had $100 in your account and today you have $215. SCAR = ((215 - 100)/100) + 1 = 1.15 + 1 = 2.15 Return on Account = (215 - 100)/100) * 100 = 1.15 * 100 = 115 The only difference is that for SCAR you add 1 to 1.15 to get 2.15 and in case of ROA you multiply 1.15 with 100 to get to percentage return of 115. Why do you think adding 1 instead of multiplying with 100 gives you more information? Talk about missing the point. We have said it is virtually the same thing than return on account and doesn't give you additional information. Please read the previous posts again. There is no reason to come with personal attacks because we have shown you that mathematically SCAR ratio is virtually the same thing as Return on Account calculated over the specified period. Math is math. What does that have to do with anything? Just because someone made 82% last year doesn't mean he what he say about math has more credibility or that someone who didn't, has less. If you stop believing whatever that guy is telling you because he made 82% and look at the math, you will see yourself.

I got an error also for those two you mentioned. However, the one from Dan Gramza is available on the CMEGroup's site under the Search link I have provided earlier. There are also two other Market Profile webinars, one of them by Tom Alexander, which might be the same one you are looking for. When you click on the link, filter by Topic and then expand Technical Analysis section and you will find the Market Profile webinars grouped together there.

Which ones did you try and didn't work on the original link from SoulTrader? I just went there and randomly clicked on some of the archived webinars and they have all worked for me.

You can find them on the CME's website now since the CME and CBOT have merged. This is the main link: CMEGroup Education The event calender: Event Calendar To search for old webinars: Search

A plan at minimum should clearly define your trading strategy, i.e. what you are going to trade, how much you will risk, why and where you will enter a trade, where your stop loss would be and how you will take profits. If you follow this plan with one contract and you are not profitable, then doing another year of sim trading is not going to turn this into a profitable strategy. You will need to come up with a new strategy and a new plan then.

I am not really sure what you are trying to say here. In the first paragraph you say that if you use discretion, then you don't really have a plan. In the 2nd paragraph you say that the only way to beat the market is to use discretion, but based on your first paragraph this means then that you don't have a plan. So are you saying that the only way to beat the market is to trade without a plan, or what are you trying to say? I am also not sure I agree that every trading plan can be fully automated.

Your logic in reversing the orders is incorrect. You are using a stop order for your sell short. That means that your stop order will be executed any time price is below the high of the last 20 bars, which is pretty much always. If you want to go short at the highest high of the last 20 bars, you need to change your Sellshort line to: SellShort ("Short") next bar at HighestFC (Price, Length) +1 point limit;