sierra chart automatic trading is cool

it works..

i have to say i am really excited about the pace i am moving forward in acsil coding, i start to like automated trading more and more every day..

currently, i have been running some tests on e-mini russell for 1000 days back with different inputs in one of my automatic trading systems written in sierra chart.

it is fascinating to me that i, as a non-programmer, can (quite easily) write a simple study, an indicator or a complex algorithm that will do all the job.

of course that so far i have written only quite an easy pieces of code, but it does not matter. they all do what i want them to do and that is what counts.

everything starts from simple and easy tasks. the more sophisticated ones will come late.

and i am sure they will come. and i am really looking forward to it. 

honestly, i´m so excited that i started with c++ acsil coding.

at first it seemed quite difficult, messy, and not for me to digest. but after some time, it is manageable. it is so stimulating and it is really a great fun.

so here is the deal. 

in case you are sort of hesitating if coding in acsil and sierra chart automatic trading is for you or not, this is my answer: go for it, it is amazing!!

acsil coding..

building an extremelly simple-idea aos for trending markets

hmm.. bad luck

as i said yesterday, today i planned to trade with a bigger possition of 6 contracts but was little bit unlucky, because i did not get the fill of all the 6

here i was clicking to take short, on a nice orderflow exhaustion of buyers. it was quite clear that the price does not have enough power to move so i was not hesitating..

but the price slid down really quickly and filled only 2 contracts out of 6.

first contract was closed on target within a couple of seconds to make risk free trade as usual, the other one let little bit further on a volatile target.

it was quite a nice catch of the local high with absolutely precise timing entry and virtually no drawdown

feelling really unlucky for not being filled with all the 6. it could have been a nice profit

just one short

this was the only entry i did today, probably the last time with small position of two contracts only. 

from tomorrow i will start with 6 again because with 2 it is like a demo version

today..

nq was in a good setup for buying.

at first i tried with two contracts i but i hit only one target and the second one ended up on stoploss - very precise.. after i was stopped out, the price went up.

the second trade was a mistake, i was able to open only 1 contract so i closed it on be. 

the last trade was a good one. long after the sellers' exhaustion. a good timing entry.. 

result 500 usd

and yeah, it still moves up. today it was quite observable that nq will rise.

also on depth of market we could see bigger quotting limits on sell side being eaten by agressive market orders. this is a good environment for a bigger player to buy without slips

later in the evening

on friday, later in the evening, there was this situation that offered a good short setup for nq nasdaq. this is 30 minutes timeframe that i use for a long term planing if necessary.

from all the four markets, only nasdaq broke the daily low, the other three did not. it creates a pressure buying, because nasdaq looks to be cheaper and dis-correlated.

i was waiting for an orderflow timing to jump into short trade and speculate against these buyers who were trapped. this is the closed trade

this was the second trade on friday. the first trade was a loss at 9:00 - i did not notice there was a report at 9:00 and took long one minute before it.

as soon as i opened the long position, the price dropped, so i had closed 200 usd loss. it was one of the quickest loss ever.

my mistake to open the trade right before the announcement report.

daily result is here.

still volatile, but readable

the volatility in us indexes is still high but the market seemed a little bit more readable today. there was an intermarket scheme that i know as a good setup for long entry.

it happened in nasdaq some 15 minutes after open. i took a long trade right here. as you can see, i went into a little drawdown, because the volatility is still very high, i am not able to catch the reversal very precisely

i am opening only two contracts to eliminate the risk. i hit both the targets. the first one was closed here, making it a risk-free trade, the other was after the breaking of the daily high.

the second trade today was dow jones short after an orderflow gradation with confirmation of low heat entry.

both of the targets were closed at the level of fist one. i had a feeling that today the price will go up so taking shorts was not the most comfortable.

the result is 650 today is enought, i did not want expose to it any longer