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Am I doing something wrong? Making money can't be this easy...
- Thread starter tycoonman
- Start date
\Quote from tycoonman:
Hey guys,
Novice trader here. I am using OEC's demo platfrom and trading the ES mini in demo account. All im doing is finding trends (which are very easy to see) and just riding them for about an hour to two hours at a time for 1 contract (so that I simulate what im planning starting with when I go live). Anyhow, i'm making $200-$300/contract...wtf??? Also, trading one contract only requires $2500. I have my limits/stops set-up.
It can't be this easy. What am I missing? Is there something very different when you go live that demo accounts don't give you? This is not meant as some cocky thread. I am really confused/concerned so that when I go live, I don't blow up in 15 minutes with my $5,000 account.
Thanks in advance for the help guys...
the market maker is training you to lose money on real. be careful
Quote from pspr:
Don't change you method but demo, demo, demo until you can do it in your sleep before going live.
yah but apparently due to fills the bid are skewed when you go live.
is there anyway to replicate real-time trading in a demo account?
ill give ninjatrader a shot. are there any other efficient backtesting systems?
OEC's demo is very realistic.
With that said, any demo has limitations. OEC's is nice b/c it does not fill your limit orders if just touched, there is some delay mimicking the queue.
Someone on TL asked a similar question awhile back and I did a test on the Russell.
Click here to see it.
If you want to guarantee a fill on a limit order, place your entry/exit 1 tick above/below where you want to be filled in real-time.
Example: you want to buy the ES @ 1310.00 with a limit order. Place your buy on OEC @ 1309.75. If price touches 1309.75, your 1310 limit order is guaranteed to be filled.
This only applies to limit orders. If you enter via buy/sell stops then price just has to touch your level to trigger your order if using a standard buy/sell stop market order.
With that said, any demo has limitations. OEC's is nice b/c it does not fill your limit orders if just touched, there is some delay mimicking the queue.
Someone on TL asked a similar question awhile back and I did a test on the Russell.
Click here to see it.
If you want to guarantee a fill on a limit order, place your entry/exit 1 tick above/below where you want to be filled in real-time.
Example: you want to buy the ES @ 1310.00 with a limit order. Place your buy on OEC @ 1309.75. If price touches 1309.75, your 1310 limit order is guaranteed to be filled.
This only applies to limit orders. If you enter via buy/sell stops then price just has to touch your level to trigger your order if using a standard buy/sell stop market order.
How long have you been demo trading? Likely you just hit a hot streak. The market has a way of making horrible traders feel very smart for a while.
Quote from frostengine:
How long have you been demo trading? Likely you just hit a hot streak. The market has a way of making horrible traders feel very smart for a while.
lol been about two weeks. lost first couple days. Then started avging $100-200/contract since. my contracts last about hr-2hrs on avg.
don't be mad cause you suck dude.