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This is typical of scalping systems that have a 70-90% win rate and the average profit is quite small. In many cases, the commish and fees will turn such a system into a loser. Best solution IMHO: diversify with multiple instruments that are not correlated and multiple algos that are not...

Hmmm.....a bit strange IMHO....you are in IT but not creating a S&R algo ?

What is your logic for determining S & R ? Visual ? Algo ?

Still....a lot of manual effort...which is error-prone., Many platforms like Ninja Trader and Multicharts have an analysis module which outputs a vast array of trade statistics...no need to calculate them.

Wait ! Are you really doing anti-martingale ? "Anti-martingale strategy is to double the trade size on winning trades and halve the size on losing trades." What is your exact logic for changing the bet size ?

How do you plan on accomplishing that ? Does trading view support DLL or COM interfaces ?

Don't forget: you are going to get killed in taxes.

So the R-Factor is 0.20. Risk $20 to obtain $100. Expect to be stopped out....a lot.

Please, please, PLEASE....do not post the trades. Simply post the trading results and stats for the day. Net Profit, Avg Trade, % win rate, max drawdown, etc.

Bank in the Cayman Islands.

Trailing stops can really suck as they often get triggered in a PB. Then you watch to see how your trade could have made so much more. Setting the retracement amount is really important, but not easy to do.

You must statistically profile your exits and determine exactly how much money you are leaving on the table by taking an early exit. Then consider using a trailing stop that varies depending on current open position profit. This is a known as a rachet stop and usually works pretty well. Of...

There are several measures in Easy Language: Inputs: PriceValue(Numeric), SDevLen(Numeric): StdDevPAnnualized Variables: var0(True); StdDevPAnnualized = StdDev(PriceValue, SDevLen) * BarAnnualization; VolatilityStdDev inputs: Length( 30 ) ; Plot1( VolatilityStdDev( Length ), "VoltySDev" ) ;

Yeah, but it can really move baby. For daytrading, that's what you need.

That chart is wrong....margin is way off, and the min price move for the Emini is $5, not $25.

Are you saying we should write our own platform similar to NT8 or Multicharts or MetaTrader4 ? Are you kidding ? That is a monstrous endeavor. Best to learn your existing autotrading platform well and use their tech support for the intricate details of autotrading.

No, that's not the case...you can enter the information as soon as the trade is entered. What you are doing makes accountability almost impossible...no trading measures, stats, nothing but words. What you have is not a JOURNAL, but a DISCOURSE. https://www.dictionary.com/browse/discourse...

Why not just put the trades into a spreadsheet and attach it ? Symbol,EntryDate,EntryTime,ExitDate,ExitTime,EntryPrice,ExitPrice,NumContracts,NetProfit Easy-Peasy. I don't see this as being constructive for white-knuckle, discretionary swing trading.

What's kinda insulting ? BTW: IMHO your posting of trades needs to be separate from the miles, and miles of commentary. Why not get a Slack or Discord or Skype presence just for the trades ?

That is so cryptic.....LOL ! re: "5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)" WTF is the BRR ? Also, WTF is BTIC ?