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How will you backtest your strategy? Or will you forward test in sim?

rajesheck, Your stop loss for every single trade will avoid a sudden reversal opposite of your entry. The loss per trade should be already calculated before placing the trade. Unless, i am confused, I don't believe there is away to "reduce the losses in every single trade" a loss is a loss...

Hello, Are you referring to never lose money over the long term of your trading career or never lose money per trade? Honestly, I do not like the phrase "never lose money" because every trader loses money on a trade. You should test your strategy in sim mode for a month and review the...

Hello, You have a nice system here and I can appreciate the effort.

Thanks CY JACK and good response

Thanks for your reply. I agree with you. I like all in and trailing a winner. I will back test.

yes, i am working FT now. And I agree with you on your decision.

trader99, lol, i have 0 years of profitability because I never took the time to program and backtest my method. Just day to day trading or discretionary trading. I am in central time zone. I meant to say after 1-3 years of profitability.....

Trader99, Good decision. I am in the same situation as you. I work in corporate and trade at work at times. And it is a huge challenge. So I am currently in the process of learning to program to back test my system and consider trading automation in the future. I will not be quitting my 9-5...

Hello, I personally would not quit my full time salary position unless I am making 3-4x times a year trading. I love intraday trading, but it is a bit stressful trying to figure it all out. I would continue working fulltime and trading like you are doing now. Your current trading profit is...

Algofy, And that is exactly what I am doing. Teaching myself to code what I believe will make me money trading futures. This way i can backtest a strategy then trade it manually or automation wise if I choose knowing the chances of it working.

Hello, I have been trading manual for about 3 years now. Its not dead at all. I am not as sucessful as I want to be, but that is my own fault. I believe if you have a well back tested strategy, you can trade manual. Besides who has the money for automation trading. I prefer manual systematic...

Thank you very much

I like the change cause it allows small time traders like myself to access another trending market.

Thanks, Where can I find a replay of Strategy Builder 301 ?

Algofy, Do you believe that system on sale on the internet are no good or will eventually get saturated? From your years of trading experience? Thanks,

Thanks Deuteronomy_24_7, What stop loss range do you recommend? I am also testing 22 tick stop placement.

Thanks algofy, Yes, I agree. I will stick to stop market order when exiting.

Sorry, use stop market to enter trades as well. I put in at 50.20 and order filled at 50.24. I can avoid this by using a stop limit order where i choose the range of ticks i will enter or bypass the trade.

Thanks, http://prntscr.com/deqliv I notice that CL has a 0.50 stop loss protection order. I sure hopes this never happens to me. Currently, I do not trade around news times or market opening to prevent fast moving prices. Especially crude oil inventories days.