Does High Profitability and Low Drawdown Guarantee Profits?

High profitability and low drawdown in backtesting don’t guarantee future success. To ensure a strategy holds up, use walk-forward testing and incorporate solid risk management.

Tom Hartman

August 8, 2024

Can I Trade Using Discord’s Automated Nasdaq Signals?

You can trade using Discord’s automated signals by setting up a bot that sends the data through Zapier or Make, which formats it for execution on TradersPost.

Tom Hartman

August 7, 2024

Option to Exit All Positions at Trading Window End

A new feature is in development that will allow TradersPost users to automatically exit all positions at the end of a trading window, with an option to include post-market exits.

Tom Hartman

August 6, 2024

Will Selecting 100% Equity Send a $3k or $5k Signal?

When selecting 100% equity, TradersPost bases the trade on the total account value, including the market value of positions and available cash, so a $5,000 signal would be sent.

Tom Hartman

August 5, 2024

Will 100% Equity Orders Use Margin Funds Too?

When placing an order with 100% equity in TradersPost, only your cash balance is used, not your margin. To utilize margin, you need to specify an equity percentage greater than 100%, like 125%.

Tom Hartman

August 4, 2024

What Are Considered Acceptable Returns for an Automated Strategy?

Acceptable returns for an automated strategy should aim to match or exceed market returns (8-10% annually). Achieving over 20% consistently is difficult and often involves significant risk or leverage.

Tom Hartman

August 2, 2024

Why a Strategy Submits Only Entry Positions, Not Exits

A strategy may only submit entry positions if the correct setting for take profit and stop loss is not enabled. Make sure to activate the option to use the signal settings and verify if your broker supports bracket orders.

Tom Hartman

August 1, 2024

Are JSON Properties Case Sensitive?

JSON properties in TradersPost are currently case sensitive. TradersPost will soon implement case insensitivity to reduce errors, but for now, users should copy property names directly from the documentation.

Tom Hartman

July 31, 2024

Overcoming Large Bid-Ask Spreads for Futures with TradersPost

To manage large bid-ask spreads in futures trading, use limit orders to control entry prices, but be aware of the risk of incomplete fills. Market orders guarantee entry but can be costly due to slippage.

Tom Hartman

July 30, 2024

What Happens When an Exit Order is Rejected, and Is Another Order Sent?

If an exit order is rejected in TradersPost, a new order will not be automatically sent. You’ll need to manually resubmit or have your strategy issue another exit signal.

Tom Hartman

July 29, 2024

Interesting Data on TradingView to Filter Trades

Leverage unique data on TradingView like the VOLI Index, top NASDAQ constituents, and Federal Reserve economic data to filter trades and enhance decision-making. These indicators provide additional insight into market sentiment and trends.

Tom Hartman

July 26, 2024

The Importance of Tail Events in Trading

Tail events, while rare, have a significant impact on markets. Understanding these events and preparing through strategies like hedging or opportunistic trading can help traders manage risk and capitalize on extreme movements.

Tom Hartman

July 25, 2024

Approach to Automated Trading Strategies During Earnings Seasons

During earnings seasons, traders either incorporate these events into their strategies or avoid them to reduce volatility. Robust strategies should account for earnings data, but pausing trades is an option for reducing risk.

Tom Hartman

July 24, 2024

Why Position Sizing is Considered More Important Than Stop Losses in Risk Management

Position sizing is more important than stop losses in risk management because it prevents catastrophic losses, especially during volatile markets. Proper sizing helps traders avoid deep drawdowns, making it easier to recover from losses.

Tom Hartman

July 22, 2024

Why Are My Initial Take Profit and Stop Loss Canceled When Taking Partial Profit on a Bracket Order?

Taking partial profit on a bracket order cancels the original take profit and stop loss because the position size changes. To resolve this, submit new orders for the remaining position after each partial exit.

Tom Hartman

July 21, 2024

Why Does My Dashboard Show Enough Buying Power, But My Trade Gets Rejected for Insufficient Funds?

Your dashboard may show enough buying power, but trades can still be rejected due to insufficient margin. The dashboard reflects available cash, not the margin required by the broker for each trade.

Tom Hartman

July 20, 2024

Assessing the Value Provided by Signal Groups

Signal groups offer learning opportunities and exposure to different market perspectives. Traders can gain insights into risk management and trading strategies but should be cautious of market unpredictability and always test signals before committing real funds.

Tom Hartman

July 19, 2024

How to Leverage Trading Knowledge to Make Money Elsewhere

Discover how to leverage your trading knowledge to create additional income streams beyond the markets. This post explores arbitrage opportunities, transforming goods for profit, utilizing risk management principles, and alternative investments. Apply your trading skills to make money in diverse and innovative ways.‍

Tom Hartman

July 19, 2024

Coding for a Trailing Stop That Activates After Reaching a Profit Target

To set up a trailing stop that activates after reaching a profit target in Pine Script, create a stop loss variable and update it once the price hits the profit level, using strategy.exit to dynamically adjust the stop loss.

Tom Hartman

July 18, 2024

Strategy Execution Timing: Completing Trades in Stages

Learn how to effectively manage and execute trading strategies in stages with this guide. Discover the benefits of staged execution, practical steps to implement it using TradersPost, and key considerations for maximizing returns and managing risk.

Tom Hartman

July 18, 2024

How to Start Trading and Make Money with Zero Knowledge

Embark on your trading journey with zero knowledge by following this comprehensive guide. Learn the basics, practice with paper trading, develop a solid trading plan, and start trading with real money while managing risk and continuously improving your strategies.

Tom Hartman

July 18, 2024

Key Considerations When Evaluating a Strategy Sold by Others

When evaluating a strategy sold by others, focus on understanding the thesis, checking its robustness over time, and ensuring it doesn’t rely on excessive leverage. Compare it to a buy-and-hold approach to assess if it truly adds value.

Tom Hartman

July 17, 2024

AGI’s Impact on the Future of Trading

Explore the potential impact of Artificial General Intelligence (AGI) on the future of trading. This comprehensive guide discusses how AGI might influence market volatility, trading strategies, and the role of human traders, along with ethical and regulatory considerations to ensure fair and beneficial market practices.

Tom Hartman

July 17, 2024

Evaluating Strategy Viability with Sharpe Ratio: A Comprehensive Guide

Tom Hartman

July 17, 2024

Use Limit Orders to Exit Positions for Better Control

Limit orders offer control over exit prices but may remain unfilled in illiquid markets. Using a combination of market orders, multiple exit signals, or trailing stops can help ensure better exits.

Tom Hartman

July 16, 2024

Placing Orders with OCO using TradersPost

Learn how to utilize Order-Cancel-Order (OCO) functionality in TradersPost to automate your trading strategies and manage risk effectively. This guide provides step-by-step instructions for setting up OCO orders, ensuring you can capitalize on market movements with ease.

Tom Hartman

July 16, 2024

Exceeding Position Limits: Shorting, Flattening, or Rejection Explained

Understanding position limits in TradersPost is crucial for effective trading. This guide explains how exceeding limits can lead to shorting, flattening, or trade rejections, and provides practical tips for managing these scenarios.

Tom Hartman

July 14, 2024

Forward Testing vs. Backtesting: Enhancing Your Trading Strategies

Forward testing can sometimes outperform backtesting by providing real-time validation of trading strategies in current market conditions. Learn how to effectively combine both methods to enhance your trading strategies and improve performance.

Tom Hartman

July 12, 2024

How to Use Trailing Stops on Options

Trailing stops are crucial for managing options trades by protecting profits and limiting losses. Learn how to use trailing stops effectively, ensuring your broker supports this feature, and integrate them into your trading strategy for better outcomes.

Tom Hartman

July 9, 2024

Troubleshooting Webhook Issues in TradingView: A Comprehensive Guide

Webhook alerts in TradingView are critical for automated trading, but occasional failures can disrupt trading strategies. This guide provides steps to troubleshoot common webhook issues, ensuring reliable and timely alert delivery to TradersPost.

Tom Hartman

July 8, 2024