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walter, The way I am looking at my reward/risk is the profit factor. For instance I am dividing the average win divided by the average loss..... That number currently sits at around 1.98... so close to a 2 to 1 reward/risk ratio... When I add in hard stops, depending on how big of a hard stop...

Just looked back at some of my testing data. A trailing stop decreases the expectancy to only 1/5th of what it is without one, and takes a big hit on the reward/risk as well as decreasing overall profit by about half. All hard stops decreases expectancy by only about 20 dollars per trade...

Another day in the books. Today the bot made $40 after comish. No where near yesterdays great day, but in the green. So very pleased with performance thus far. Yesterday was way out of the norm from historical testing, but within limits of past events. Today was a more realistic day. I checked...

I have had a few Pms concerning what software I am using for my automated trading. The answer is I am using a custom designed application that I created. For more information about this program refer to this thread I started a while back...

After a great start today, I feel very confident running in my live money account tomorrow. The big win today gives me a fairly big cushion to work with incase I run into a draw down period. However, historically wends has shown to be the #1 day of the week with tuesday being the #2 day of the...

WOAH! Great day.... The bot made 2 trades, first was a short trade this morning that it closed out even.. it stoped and reversed here and ended up gaining almost 15 ER2 points....Feeling REALLY good about choosing today to go live... Net for day: $1,450.40 on two trades....

I have been debating this for months, but today I finally did it. I put my auto trading bot live. Not only live, but fully unatended in my real money account. The bot is trading 1 ER2 contract at a time. The purpose of this thread will be two fold. #1 will be a place for me to record...

Agreed..... market should be very green on the csco news considering lately it hasnt taken ANY news to run it up..... markets have even been running on bad news... if good earnings from csco cant keep the market green... might mean bulls are running out of powder..... Next 30 min will tell...

DeferMark, A suggestion... acording to your system your largest draw down is somewhere in the neighborhood of 1k per contract correct, and you are currently up 7K from this system. You should begin trading 2 contracts. If your equity drops by more than 3k from where your at go back to 1...

Congrats on the good system.... This gives me a lot of movitivation for going live shortly with my own system.

I have a few questions about options. Ok, I know for a covered call you own the stock and then sell a call at some strike above the current stock's price. If the stock is above this price at expiration you sell it at that price. What is the margin requirments for this? I am assuming that...

Yes I am ;) good chance this may be the low the day... and may start to pick up some towards the end of the day... but I think the market made a turn today, showed weekness it hasnt shown in a while.. which could be a signal to more weakness in the comming weeks..... I purchased some shares of...

Watching for 12100 on the dow... cross below that and I am going to take it as a que to go short.......

If we fall back through 12100 on the dow I am opening some shorts because I think it will signal a correction... Several days now it has been opening lower, then rallying off of that low and finishing green.... it started to do the same thing today, but if the bulls can not get enough steam to...

Hopefully today is finally the day for the pullback... I mean its becomming painfully obvious the economy is slowing and that soft landing may not happen.... there is only SO long the market can continue to ignore the bad news.. at some point it will reach a critical mass and everyone will run...

I did not run into any technological problems as the applicatoin is looking and running great.... and continuining to get better everyday. I did run into several delays however. One delay is I need to incoporate to do this thing right and I have been dragging my feet on that, mostly due to...

Saying 70% before commision and slipage means absolutely nothing.... you can have a system yielding 1000% and once slippage and commisions are figured in you may have a negative expectancy.... Also, unsure what you are using for your backtesting, but watch out for the "using future data"...

I think the top is in just like I thought... yesterday tried to penetrate 12000 and couldn't, then pulled back into the close.. then gapped down today.... I think this is the pullback, probablly will only last a few days, but i'm just glad its finally here.. I think...

I am not one to usually pick tops, but this one seems too clear to me. I believe right where we are standing is the top at least for the next few weeks. Its quite possible we will penetrate 12,000, or the current high of the day may be as close as we come. I think this rally is severly...

All I can tell you is to keep at it..... it can be very discouraging... but there are profitable strategies you can stumble on.. if you simply plug in strategies you found in books and try to tweak them your going to be in for a long hard road... think creatively and out of the box.... try...