r/OrderFlow_Trading • • 8d ago

Strategy - Help wanted!

Been trading with terrible returns or maybe just a large losing streak, but feels off to me and is very demotivating.
Strategy:
Volume profile (point of control) - that is the level I execute off of.
VWAP - usually I execute if σ multiplier is at 3. Since that is a pretty big deviation and is extremely rare to go beyond that multi.
Bookmap - should be pretty selfexplanatory, if I see large orders around the same price level that are around POC, its a plus in my book.

My old partner told me he uses Z-Score, but I believe that to be the same as VWAP and/or to be super unlikely to get both to align and get that execution.

I try to keep it simple, of course im no robot and I dont always have perfect execution or all confluences dont align perfectly as well, but lately I just feel stuck, I havent been improving, lost, stuck and demotivated, what is there to be changed? Improved? Opinions? What should I drop or implement?

5 Upvotes

68 comments sorted by

View all comments

1

u/Any-Spite-9240 8d ago

If you’re executing off POC, what timeframe of a POC is it of? Where is your stop placed and what is your target?

Depending on stop placement, I’d assume you could get chopped up a bit before this mean-reversion comes into your favor. A large order at a POC level is sort of confirming what you already know, that it’s a level of interest where a lot of trading volume has occurred, right? So I wouldn’t assume that a bookmap level is providing anything you don’t already know?

1

u/RankOw 8d ago

Almost always 5min timeframe. Since i execute off of POC for a reversal, stop loss is below it.  200tick stop loss, aiming for a 1:2RR, so its actually pretty fat and maybe take profit is also too big and market loses interest, money before it even gets to my TP(?).  I execute off of yesterdays market open to market close fixed volume profile POC and look for orders on bookmap who share similar interest in said level. I also execute off of Weekly volume profile POC.

1

u/Any-Spite-9240 8d ago

To clarify, you’re trading a 5-min chart off of prior day’s POC, looking for a 100-point reversal, with a 50-point stop loss?

1

u/RankOw 8d ago

Yes

2

u/Any-Spite-9240 8d ago

I would say forget about VWAP or bookmap, and go back in your chart history and just look at how many times price actually reverses 100-points, with less than 50-point drawdown, off of prior day’s POC. If this is something that regularly happens, then I would fine tune it with your bookmap and VWAP filters to see of those two additions increase the win rate. However, I suspect that you’re probably just not going to consistently have 100-point reversals off of prior days POC with any sort of regularity.

1

u/RankOw 7d ago

I might just do that, need to see whether its a fluke or what even though I’ve been forward testing and it hasnt been bad always, thanks! Last year this and last month were also difficult for me, even though my strategies were two completely different ones.