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Here is a very brief summary of my process. 1. Use an equal distance stop/limit exit and just look at win rate to test strategies. I identify a win rate that random entry (with same exit criteria) can only achieve 2% of the time via 1000 simulations on the same data set. Let's say it is 70%...

Check out my journal. https://www.elitetrader.com/et/threads/adventures-in-automation.329052/

Exit 2 ES at 2936.75 -$2808.20 Will post July results later today.

I am using the concept of max positions per strategy and max positions across a group of strategies to limit risk. As for strategy degradation, I reconstruct my strategy portfolio at least once a quarter and poorly performing strategies are weeded out automatically in favor of better performing...

That is a very relevant piece of information. Automate some strategies and keep your day job. That is essentially what I am doing (running a business while strategies are running unattended).

Follow my journal. I post actual account statements once a month. https://www.elitetrader.com/et/threads/adventures-in-automation.329052/

I have seen the same screen shots everyone else has. I suppose it could be a big elaborate scheme...but his knowledge of the subject matter indicates otherwise.

destriero is a pro and those numbers are likely accurate.

You could be right! Let's see how my strategies hold up. I already have done quite well for the year so a bit of heat is not bothering me.

Busy couple of days. Long 2 ES at 2964.75 for 15 min bar strategy. Trailing Stop at 2936.75 Limit at 3015 Exit after 80 bars

You never mentioned a dollar amount in your original post. 50 to 100k is theoretically a sufficient amount if you have great skills. I am trading fully automated with about $110,000 and have no intentions on trying to live off of profits from my trading account. Each situation is different...

Well..that was swift. Thanks Trump! Exit 1 ES contract 2984.50 -$1304.10 Currently flat.

Man...I hope you forgot to add some zeros to those numbers. You can't be serious about going full time with $1460.

How much capital do you have to trade with?

Long 1 ES at 3010.50 for 15 min bar strategy. Trailing Stop at 2981.50 Limit at 3077.25 Exit after 5 bars This strategy also signaled at lower prices but the distance of the stop at that point in time exceeded my 1.75% of account balance so the trade was skipped.

Exit 1 ES Contract at 3007.50 +$583.40

Signal infrequency is the reason.

I follow a similar approach as laid out in the article but I have tools and approaches to help in the effort. I am currently trading 135 unique strategies in a portfolio where it would not make sense to trade any of the strategies in isolation. That being said, I have developed approaches to...

Exit 1 ES contract at 3003.25 +$1070.90

Long 1 ES at 2995.75 for 30 min bar strategy. Trailing Stop at 2958.75 Limit at 3027.75 Exit after 8 bars