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So basically, it's 600 pages of the blind, leading the blind. Ok, thanks for the briefing. Carry on

He's in bullshit, unless he's posting monthly broker statements. How can I take 600 pages of this seriously?

How about some monthly broker statements? Your selling the dream here.

Seriously though, if you ran a forward test using the coin with even bet sizing, and just put a stop loss at high/low of first hour and set exit on close, I wouldn't be surprised if it outperformed 99.99% of intraday traders.

Here is the secret: 1. Wait an hour after US market open 2. Flip a coin 3. Heads go long/Tails go short

“I never overrode the model. Once I settled on what should happen, I held tight until it did.” -Jim Simons See between 49:00 and 50:00

Yes. Volatility as a function of time. Now go build some rules around it :)

And hopefully not double life

It’s cool stuff, but it’s all curve fitting. No shortage of that. If I were a vendor, I’d look to handicap specific markets monthly, and offer to clients strategies based only on walk-forward simulation on real-time data, which then become historical stats. I wouldn’t take seriously anything...

No, because the win rate decreases as you increase reward ratio. You can however enjoy a favorable R:R ratio with high odds just buying/holding the S&P. The total risk would be your total starting balance (ex. 10k), and reward the total account balance at X point in the future. Disadvantage...

Has nothing to do with skill, which is definitely required, but more with market mechanics. Without a microstructure edge, market manipulation, or illegal act, even the most lethal retail trader has that ceiling. Run a million trade simulations in multiple markets and scenarios like I did for...

Or grab some balls

The missing piece is the strategy. One seasoned trader with a verifiable track record would be worth more to OP than a team of 20 programmers and academics spinning their wheels. Best starting point would be to find a willing trader, put up equal risk capital and form a partnership. Good luck

Here is the return of tick scalping futures from your moms basement:

That’s what most neophytes think. In reality, markets aren’t that generous due to noise. If you do get that 5k for 1k risked, it won’t be more than 20% of your trades. Like I said, in efficient markets this stuff is proportional.

Doesn’t matter. You risk 1K to make at least 1K. You risk 1M to make at least 1M. It’s nearly proportional in liquid/efficient markets. If you choose inefficient markets you face liquidity risk. No free money

Unlimited money flow=Unlimited Risk It’s a double edged sword

By using broad concepts. You won’t be scalping it for a tick like 99% of ET dreamers.

Put a hole in your pocket