can anyone code this system
thx



The purpose of this thread is to present a simple trading system for beginners.

We will use the emini Russell2000 "ER2" Globex contract.
Its value to the trader is $100 per full point per contract.
It trades in .10 increments so each tick is worth $10.
If you trade with InteractiveBrokers your round turn commission is about $5.00.

To keep our risk low, we will only enter trades for the afternoon session. So Rule #1 is:

1). WAIT until 1:00 Central Standard Time.

The entry technique to use is a simple breakout method with which we look to catch an afternoon trend.
We will take a move either long or short whichever comes first.
The signals are derived by looking at moves AWAY from the day session opening price. This method is sometimes called "Opening Range Breakout". It has been "around" for many years. I first used a variation of it in 1989 on the S&P500 pit traded contract.
Larry Williams used a variation of it on the 30yrBonds and the S&P500 to pyramid $10,000 to over $1,000,000 to win the Robbins Trading Championship in 1986.

For this thread we will calculate the signals as follows:

2). Multiply the opening price of the day session by 1.0033 to get the buy signal.
3). Multiply the opening price of the day session by .9967 to get the sell short signal.

At 1:00 enter a buy stop at the buy signal price and a sell stop at the short sell signal price.
If the market is already past either signal it will become a market order with immediate execution. The remaining unexecuted stop is your stop loss. If the market is trading in a narrow range neither side may be executed and you may have no trade for the day. If your stop loss is hit you are done for the day. You will simply ride the position untill 3:00 pmCST and exit at that time.

4). Exit trade at 3:00pm if not stopped out.

Thats it.

what system, please post your idea.

Pedro echenagucia

its there now