|
|
Post by Segwin on Jun 2, 2015 9:13:28 GMT -5
Allen, do you have a video showing how you use the ATM?
I have NT installed and trying it out on a demo account. While I can see it's value 1K is a lot of money.
Thanks,
Terry
|
|
|
|
Post by traderAllen on Jun 7, 2015 10:02:55 GMT -5
You should not consider purchasing anything until you are a profitable trader. At that point once you're making money month over month you will want the most professional trading platform you can afford. At this point being profitable you will be spending lots of time at your trade desk and are not going to want to be frustrated when something doesn't work right. Or you screw around and miss an entry on a great trade.( although even I still do that occasionally) that is where the ATMs come in handy. With one click the order goes in along with your stop loss and profit target. I can quickly change from one ATM to the other based on market conditions or a certain trade setup. If the swings and breakouts are moving 10+ ticks also like the ATM to maximize that. If the breakouts and swings are weak I made grab one that only looks to target three or six. Want I'll leave it on my default of 3,6,9 while I'm still assessing the market.
Still the point is once your trading profitable month over month that's the time you would consider purchasing NT. I can tell you that was a joy to be able to take the money out of my trading account from my trading profit to purchase ninja trader. Therefore didn't cost me a dime. I did the same thing when I upgraded to multi-broker.
Focus on your trading, your goal at first is to end the day breakeven. If you can do that your well ahead of most aspiring traders. Once you are breakeven trader then you work on fine-tuning your method, study your Journal looking for errors that you made. Correcting those errors should give you a slight profit. Then you work on fine-tuning your work to move you to profitable trader status.
|
|
|
|
Post by Segwin on Jun 8, 2015 15:46:18 GMT -5
Thank you Allen. You spent a lot of time writing the response and I appreciate that.
About 3/4 the way through Bob's book and watching your videos. I have to go in for minor surgery on my left hand tomorrow so I will be home for a few weeks which should give me ample time to finish up and start putting things in place.
Thanks again,
Terry
|
|
john
New trader
Posts: 25 
|
Post by john on Jun 8, 2015 17:13:42 GMT -5
Hi Terry,
As a beginner that seems to be at the same stage as yourself I am keen to see your progress. Good luck with it all.
Cheers,
John
|
|
|
|
Post by Segwin on Jun 8, 2015 18:12:13 GMT -5
Thanks John, best to you as well. Perhaps we can help each other a bit as we proceed.
My wife is interested in seeing me succeed as well lol.
|
|
|
|
Post by traderAllen on Jun 8, 2015 23:18:05 GMT -5
My wife is interested in seeing me succeed as well lol. I understand you're saying that in jest. But I can tell you from personal experience if you'll have support from your spouse you don't stand a chance in hell of succeeding in the currency trading environment. There will be days when you will laugh and be happy and there are days we just want to cry. You'll do everything right and the market will slap you down. It's very important to have an understanding spouse that supports your endeavor. |
|
|
|
Post by Segwin on Jun 9, 2015 11:10:23 GMT -5
That statement was tongue in cheek as you picked up on.
She does support me as I her. 29 years on 6/7/2015. Seems like yesterday though.
|
|
|
|
Post by photize on Jun 10, 2015 4:43:04 GMT -5
Thank you Allen. You spent a lot of time writing the response and I appreciate that. About 3/4 the way through Bob's book and watching your videos. I have to go in for minor surgery on my left hand tomorrow so I will be home for a few weeks which should give me ample time to finish up and start putting things in place. Thanks again, Terry Good luck with the surgery , give us a shout when your back Pho |
|
|
|
Post by Segwin on Jun 10, 2015 10:08:29 GMT -5
Thanks Pho - surgery went fine, now all that's needed is time to heal. Allen, what are your settings for the ATM? I know you have a 3,6 & 9 take profit but unsure about the rest. I've attached a picture showing the areas I'm interested in. Thanks much, Terry  |
|
|
|
Post by traderAllen on Jun 10, 2015 10:44:59 GMT -5
 it should be like this or something close for a new trader |
|
|
|
Post by Segwin on Jun 10, 2015 15:10:47 GMT -5
Thanks Allen!
|
|
|
|
Post by traderAllen on Jun 11, 2015 1:27:35 GMT -5
this is what your trade should look like.  Had I been watching this trade which I was not, I was in the kitchen talking to my wife. I would have had the option of letting the first two halves of the take out their targets. Don't fool with these, but the remaining third I could drag of the profit target in case I get a runner, with no worry of ever getting a loss since my stop was already moved to breakeven +2 automatically. |
|
|
|
Post by Segwin on Jun 14, 2015 11:02:29 GMT -5
hello Allen, Hope you can help me with a ATM NT question. In the picture you can see that I have my profit and stop loss configured. However when I try to test it on a replay the candlestick blows right through all 3 targets without filling them and then closing them out? Any idea on what I'm doing wrong? Thanks! Attachments:
|
|
|
|
Post by traderAllen on Jun 14, 2015 12:21:27 GMT -5
Should be able to go to the options tab under tools go to simulator tab and other miscellaneous check the box "enforce immediate fills" and that should make it work. Currently your ATM is trying to fill 1000 unit order one take a time
|
|
|
|
Post by Segwin on Jun 14, 2015 17:31:41 GMT -5
Thanks much Allen, will try now.
EDIT: Works great Allen, thanks.
|
|
