Mind and Machine Scalping system for risk-averse retirees (Mind and Machine Scalping system for ris)
As part of a non-profit community organization, I provide coaching to retirees for free. I offer a free, simple course on buying options for risk-averse investors.
But buying options is like buying a lottery ticket.
Older traders want something more - something that both stimulates their brains and gives them the opportunity to earn regular income since banks no longer pay any interest on savings bank accounts.
This system is the result of a year of manual trading by veteran traders.
It is suitable for those who are willing to invest a limited amount of time and monitor charts to trade stock index futures. There is a small risk involved. However, the trading method is relatively unintense and does not put pressure on time. It does not require any detailed technical analysis or the use of technical indicators.
The only requirements are to avoid trading during economic data releases and to stop trading during major geopolitical events like what's happening in Europe right now.
The simplicity of this system is based on the belief system that trading is all about making assumptions. Some use their own brains, some use borrowed brains (indicators). To me, the reality is that there are auctions, there are auctioneers (designated market makers), and there are participants.
Unlike other auctioneers, there are no fees for those who manage financial transactions. They have to earn it, so it's not neutral. Sometimes they join forces with bidder cartels and sometimes have to pay out of their own pockets to keep the market alive.
Essentially, their task is to keep the transaction process attractive enough for participants, just like a casino operator.
I use game theory in day trading (tracking the actions of a hypothetical market maker primarily based on size, not time), using minds and machines.
Mechanical planning is required to discover hypothetical favorable trading locations, and machines (EAs) are used to execute scalping trades at these locations.
Essentially, known volatility triggers matter. Requires chart reading.
It only takes 10 minutes to prepare before trading:
1. Take note of data release events that could be catalysts for volatility. The Forex Factory Calendar provides this information.
2. No analysis or forecasting of any kind is required.
3. Implement day trading and short-term scalping.
4. Attach an indicator that looks at the high, low, and median price action of the previous 2 or 3 days' highest prices.
5. Attach any dynamic indicator that divides the daily price movement into four quarters to study the mean reversion trend of the symbol.
6. Attached are two simple moving average indicators to give a bird's eye view of the highs and lows. For short ranges, the moving average can be 10, 20 or 40 periods, and for high ranges, the moving average can be 200 periods.
7. View the statistics generated for the last 1 minute bars of 1440 1 minute bars. Indicator is attached.
8. A simple sideways detection indicator will help to see the early formation of sideways areas. Indicator is attached.
This system will focus on leveraging skills and lean capital to generate part-time income by spending no more than 4 hours of your time.
Scalping with a non-directional bias requires keeping the brain active and helps spot points on the chart where price action has exhausted itself, and where the market appears to be taking a breather in terms of momentum and speed.
The trading system is basically aimed at risk-averse people who can accept small losses for larger profits rather than spending hours on a screen. This is a non-directional strategy, just watch the chart and wait for a sideways area to form. Trade planning needs to be done manually.
entry and exit
Entry size and equity loss are based on statistics from the previous 3 days.
The EA will draw pending orders based on these inputs.
Plan Like a Man, Trade Like a Machine is my core approach where I manually draw trades as needed (no preparation required) and limit myself to the role of the machine operator who will fire up the machine when his brain gives an entry signal by identifying a suitable consolidation or compression range point.
The machine cannot generate an entry signal. It is used only to execute transactions quickly.
The advantage of using a machine is that your brain still has control of the situation and you are free to understand how price movements affect the market and stimulate emotions. You have to thank the machine for giving you the freedom to think and set up trading charts.
Machines can help capture a large portion of the price range formed by price movements in tiny size increments that you cannot trade unless they reach a size where you can trade them in a cost-effective manner.
Index futures commission costs for two-way trading will never exceed two basis points per contract. You can even trade moves of 8 pips. This number easily covers transaction costs.
Retired Learner has been trading manually for about a year. The results of one year of manual trading on a fixed size grid are astounding.
I don't know Excel or any programming language. I got help from FF member BlueRain to help me create the statistical indicators.
The introduction of EA will help increase trading volume by at least 5 times and ensure that revenue targets are achieved within a short period of time. 80% victory is the goal.
It will help capture buy low, sell high (buy limit) and sell high, buy low (sell limit), with equity losses as a risk controller. Profit protection will be achieved through trailing stops.
Grid trading is an average down or average up game, and its risk is much lower than the risk of one-time trading.
When you count 1440 bars, each move within each minute generates between 0 and 30 points for the DAX index, and the daily moving average ultimately generates a total of 148 points from open to close in 1440 minutes of trading. Surprisingly, the length of one-minute price candles (up, down, and sideways) covered 21,265 points, and at the end of the day (1440) minutes, the average return was only 148 points, less than a quarter of the total of 21,255 points.
It can be compared to making homemade condensed milk - milk is boiled, simmered and concentrated into some kind of thick paste, making the condensed milk thick and creamy. Volatility is like boiled or simmered milk, and the daily average is the condensed milk.
You will be able to visually see how price levels zigzag, change direction at different times, not knowing whether prices are rising or falling, or getting lost in traffic (volume), but retirees, after a year of manual practice, are able to catch trades without being disturbed by so-called random price movements.
Smaller trades that may not be easily spotted by the naked eye and smaller range trades that may be termed "not worth trading" are discovered with some effort and eye fatigue on the part of the trader. Despite executing the trade manually, they still made a profit. Manually scheduling pending transactions and entering them quickly is a bit laborious.
Only robots (EAs) can help execute trades quickly - like a machine gun firing bullets. This is not a martingale trade. Trading a fixed lot size. There certainly won’t be a multiplier effect – like doubling or tripling what the martingale requires.
But buying options is like buying a lottery ticket.
Older traders want something more - something that both stimulates their brains and gives them the opportunity to earn regular income since banks no longer pay any interest on savings bank accounts.
This system is the result of a year of manual trading by veteran traders.
It is suitable for those who are willing to invest a limited amount of time and monitor charts to trade stock index futures. There is a small risk involved. However, the trading method is relatively unintense and does not put pressure on time. It does not require any detailed technical analysis or the use of technical indicators.
The only requirements are to avoid trading during economic data releases and to stop trading during major geopolitical events like what's happening in Europe right now.
The simplicity of this system is based on the belief system that trading is all about making assumptions. Some use their own brains, some use borrowed brains (indicators). To me, the reality is that there are auctions, there are auctioneers (designated market makers), and there are participants.
Unlike other auctioneers, there are no fees for those who manage financial transactions. They have to earn it, so it's not neutral. Sometimes they join forces with bidder cartels and sometimes have to pay out of their own pockets to keep the market alive.
Essentially, their task is to keep the transaction process attractive enough for participants, just like a casino operator.
I use game theory in day trading (tracking the actions of a hypothetical market maker primarily based on size, not time), using minds and machines.
Mechanical planning is required to discover hypothetical favorable trading locations, and machines (EAs) are used to execute scalping trades at these locations.
Essentially, known volatility triggers matter. Requires chart reading.
It only takes 10 minutes to prepare before trading:
1. Take note of data release events that could be catalysts for volatility. The Forex Factory Calendar provides this information.
2. No analysis or forecasting of any kind is required.
3. Implement day trading and short-term scalping.
4. Attach an indicator that looks at the high, low, and median price action of the previous 2 or 3 days' highest prices.
5. Attach any dynamic indicator that divides the daily price movement into four quarters to study the mean reversion trend of the symbol.
6. Attached are two simple moving average indicators to give a bird's eye view of the highs and lows. For short ranges, the moving average can be 10, 20 or 40 periods, and for high ranges, the moving average can be 200 periods.
7. View the statistics generated for the last 1 minute bars of 1440 1 minute bars. Indicator is attached.
8. A simple sideways detection indicator will help to see the early formation of sideways areas. Indicator is attached.
This system will focus on leveraging skills and lean capital to generate part-time income by spending no more than 4 hours of your time.
Scalping with a non-directional bias requires keeping the brain active and helps spot points on the chart where price action has exhausted itself, and where the market appears to be taking a breather in terms of momentum and speed.
The trading system is basically aimed at risk-averse people who can accept small losses for larger profits rather than spending hours on a screen. This is a non-directional strategy, just watch the chart and wait for a sideways area to form. Trade planning needs to be done manually.
entry and exit
Entry size and equity loss are based on statistics from the previous 3 days.
The EA will draw pending orders based on these inputs.
Plan Like a Man, Trade Like a Machine is my core approach where I manually draw trades as needed (no preparation required) and limit myself to the role of the machine operator who will fire up the machine when his brain gives an entry signal by identifying a suitable consolidation or compression range point.
The machine cannot generate an entry signal. It is used only to execute transactions quickly.
The advantage of using a machine is that your brain still has control of the situation and you are free to understand how price movements affect the market and stimulate emotions. You have to thank the machine for giving you the freedom to think and set up trading charts.
Machines can help capture a large portion of the price range formed by price movements in tiny size increments that you cannot trade unless they reach a size where you can trade them in a cost-effective manner.
Index futures commission costs for two-way trading will never exceed two basis points per contract. You can even trade moves of 8 pips. This number easily covers transaction costs.
Retired Learner has been trading manually for about a year. The results of one year of manual trading on a fixed size grid are astounding.
I don't know Excel or any programming language. I got help from FF member BlueRain to help me create the statistical indicators.
The introduction of EA will help increase trading volume by at least 5 times and ensure that revenue targets are achieved within a short period of time. 80% victory is the goal.
It will help capture buy low, sell high (buy limit) and sell high, buy low (sell limit), with equity losses as a risk controller. Profit protection will be achieved through trailing stops.
Grid trading is an average down or average up game, and its risk is much lower than the risk of one-time trading.
When you count 1440 bars, each move within each minute generates between 0 and 30 points for the DAX index, and the daily moving average ultimately generates a total of 148 points from open to close in 1440 minutes of trading. Surprisingly, the length of one-minute price candles (up, down, and sideways) covered 21,265 points, and at the end of the day (1440) minutes, the average return was only 148 points, less than a quarter of the total of 21,255 points.
It can be compared to making homemade condensed milk - milk is boiled, simmered and concentrated into some kind of thick paste, making the condensed milk thick and creamy. Volatility is like boiled or simmered milk, and the daily average is the condensed milk.
You will be able to visually see how price levels zigzag, change direction at different times, not knowing whether prices are rising or falling, or getting lost in traffic (volume), but retirees, after a year of manual practice, are able to catch trades without being disturbed by so-called random price movements.
Smaller trades that may not be easily spotted by the naked eye and smaller range trades that may be termed "not worth trading" are discovered with some effort and eye fatigue on the part of the trader. Despite executing the trade manually, they still made a profit. Manually scheduling pending transactions and entering them quickly is a bit laborious.
Only robots (EAs) can help execute trades quickly - like a machine gun firing bullets. This is not a martingale trade. Trading a fixed lot size. There certainly won’t be a multiplier effect – like doubling or tripling what the martingale requires.
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