Multicharts Trading Strategies by 1stChoiceStrategy.com

Q: What is strategy trading? Why to trade with Strategy?

Ans: Strategy trading involves using a predefined technical analysis rules and criteria to make Entry (Buy / Sell) and Exit (Stop & Profit) trading decisions. Trading strategy is used for manage trading risk, consistancy / decipline by removing human emotions (fear and greed) and lighting fast order executions to increase the odds of success.

Q: Can I practice trading without risking real money?

Ans: Yes, many brokers offer demo accounts where you can practice trading with virtual money. This allows you to test your strategies and gain experience without financial risk.

Q: How do I choose the right trading strategy?

Ans: Choosing the right strategy depends on your trading goals, risk tolerance, and market knowledge. After choosing strategy, sticking to your strategy is very important. Realistic goals with proper capital risk calculations helps sticking with strategy. Under your budget, monitor interesting strategies, how they perform in time and after satisfactory results, initaly can start with Micro S&P 500 Index Futures (MES) as it require low account size and after satisfactory results jump to E-mini S&P 500 Index Futures (ES).

Q: How to calculate required Money / Account size to trade strategy with One contract?

Ans: Go strategy report > Straegy Analysis tab > Max Strategy Drawdown for All trades, Let say if its $30,000 then (Choose one suitable approach; Conservative approach: $30,000 x 4 = $120,000 OR Moderate Approach: $30,000 x 3 = $90,000 OR Aggreasive approach: $30,000 x 2 = $60,000) + add (Broker required Margin) - Less (Current Max Strategy Drawdown) = Account size required to trade strategy with one contract. Excel Account size calculation file.

Q: Which symbol is recomended to trade E-mini S&P 500 Index Futures (ES) or Micro S&P 500 Index Futures (MES)?

Ans: Strategies are designed on E-mini S&P 500 Index Futures (ES) large historical data so E-mini S&P 500 Index Futures (ES) is recomended. But since both have identical moves, so for intial testing and due to low account size Micro S&P 500 Index Futures (MES) can also be traded.

Q: What to do when Future contract expire comes but have position in it?

Ans: Roll over futures contracts is done by manully exiting your position in expire contract and immediately taking same direction position in longer-dated contract. This roll over position is done on 2nd Friday of contract expire month.

Q: Why medium Frequency trading strategy having 8,000+ backtesting trades is only tradable with E-mini S&P 500 Index Futures (ES) and not with Micro S&P 500 Index Futures (MES)?

Ans: Big point value E-mini S&P 500 Index Futures (ES) $50 and Micro S&P 500 Index Futures (MES) $5 its percentage become 10%. Round Turn Commission: E-mini S&P 500 Index Futures (ES) $4.12 and Micro S&P 500 Index Futures (MES) $2.58 its percentage become 63%. So actually Micro S&P 500 Index Futures (MES) is paying 53% extra commission as compare to E-mini S&P 500 Index Futures (ES). As cost increases for Micro S&P 500 Index Futures (MES) it just won't get feasible.

Q: What is Backtesting Assumptions: Fill limit price exceeded by 1 points?

Ans: This setting make sures in back testing that 100% limit orders are filled. For example Buy Limit order is placed at 1200.50 price, so if market price go 1 tick below 1200.25 then buy limit order will be considered filled in back testing.

For Advance Traders & specialy for strategies 4,000+ backtesting trades:

In real world live trading, we do get fills on Limit order price which touch it & gets back, as ES market is highly liquid (high volume). To increasing this ratio of getting fill on limit order touch price is worth full as it increases significantly profit percentage, reduce draw down, brings stablity etc and this can be achieved with High speed internet connection, Rithmic Low Latency fast trading data feed to puts your orders first to get filled first, Faster processing dedicated computer located closer to exchange or in CME aurora data center. CME membership can save 50% plus exchange fees costs (check with your broker) and Higher monthly volume (contracts) can bring significant improvement in results. Strategy report at Limit order price with out 1 tick beyond limit price available on request.

Q: Can I trade my self Or Can you place orders in my account Or should I let 3rd party to place orders in my account?

Ans: We do not place client orders. Highly recommend you to place orders by your self as costs increases, if you get 3rd party assistance. Will guide you all the steps to getting started. Sitll if you decide to go through 3rd party, then License will be on One user name to run strategy, So you should get license, on your 3rd party order placement person name. You need to decide this before getting license.

Q: How can I setup SMS/Email/Push Alerts for auto trading workstation e.g. crashes/false or rejected orders/internet disconnection etc?

Ans: Follow this link for step by step guideline, or you can order desired requirements through custom programing.

Q: How to backtest Micro S&P 500 Index Futures (MES) data since its started in 2019?

Ans: Strategies are designed on E-mini S&P 500 Index Futures (ES) Large historical data but since Micro S&P 500 Index Futures (MES) is identical so strategies work on it as well so From Nov. 1997 Till May 2019 E-mini S&P 500 Index Futures (ES) data is used and onward Micro S&P 500 Index Futures (MES) data.

Q: Why E-mini S&P 500 Index Futures (ES) Futures out of so many markets?

Ans: The S&P 500 Index or Standard & Poor's 500 Index is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. The S&P 500 is considered one of the best gauges of large U.S. stocks and even the entire equities market because of its depth and diversity. Due to this E-mini S&P 500 Index Futures (ES) provide good liquidy, stability, good volume etc as compare to other markets.

Q: Do you provide any other Strategy anaylsis?

Ans: These reports are available on request;

• Majority of 200+ analysis available in Strategy report, Any skiped analysis required.
• Strategy Monte Carlo Anaylsis
• Strategy report at Limit order price with out 1 tick beyond limit price
• Strategy report with 1 minute bar magnifier backtesting percision
• Portoflio Correlation Analysis for more then one strategy.
• Evaluation of a strategy for profit reinvest & compound growth, Download
• Customized Strategy report with e.g. Either Long or Short single direction, desired commission rate, Customized trading sessions, Run strategy on provided customised data on any S&P 500 based alternavtive symbols (CFDs, ETFs, Equities), etc
• Custom Programming services are available to generate strategy report with custom code filtering implementations to any strategy e.g. volatility, drawdown, Any patterns, seasonal, specific trends or any other specified criteria

Q: Can you provide strategy in any other trading platform?

Ans: Successfully managing futures trading requires proper tools, Due to stronge SEF encryption built in protection, Top Realistic backtesting, Standard trading language, Multi broker & Multi data feed, C++ written architecture etc strategies are only available for Multicharts and not available for any other platform and Will not be convert to any other platform. Multicharts is also availble on subscibtion, But Life time license is recommended. With customized dll coding, Live Trading signals passing from Multicharts to any other tradign platform could be possible, but Not recomended and surely will increase order placement time, reduce strategy profits, loss auto trading featurs of Multicharts and make things further complex handle trades.

Q: Can suggest any introducing brokers (IB)?

Ans: My current broker is Trade Pro Futures ( Dorman) since 2016 and had no issue with him. You can contact Mr. Trey Lazzara for getting account in no time. On additional cost, He can also place strategy orders in your account.

Q: Payment methods?

Ans: Multiple payment options available.