Anyone interested in trading my ES scalp system on real account?

[MRWSM]

Quote from lindq:



Go here and enter the NET results of your backtesting, after commish and splippage. It will present an equity curve.

http://hquotes.com/tradehard/simulator.html

Ok, I tried that. I got 494 max value, now what does that represent?

 

[MRWSM]

Quote from a34567:

For a good day trading system, what should be its win/lose ratio, max win/lose, average win/lose and number of trades per day?

I just created a system and want you guys give me a idea about its outcome.

========= SUMMARY =======================
Date: 2003-06-04 to 2003-06-20
Number of Trades: 151 ( 75 round trips )
Winning Trades: 55 Largest: 230 ( 0.76% )
Average: 99.28 ( 0.33% )
Losing Trades: 20 Largest: -496 ( -1.59% )
Average: -89.94 ( -0.29% )
Profit: 3661.7 ( 12.12% )
**********************************************

,

Distribution strategy?

 

[a34567]

Win/loss distribution.

 

[trend456]

Quote from a34567:

I am confused. What's the difference between win/loss ratio and win probability? I think they are the same thinng, right?

JS

..............

What?:eek:

Time to study!

trend

 

[trend456]

Quote from EricP:



I agree with the other comments here, that if this system trades 20 times per hour, then it is impossible to adequately backtest this system with a program like TradeStation or WealthLab because you cannot adequately simulate order executions with that short timeframe.

That said, as a hedge fund manager utilizing 100% automated systems, I am always interested in finding and implementing new systems for our trading in any market. If anyone has a system that they are unable to fully utilize due to capital limitations or inability to automate frequent signals, then please PM me and we can discuss the possibility of working together in some mutually beneficial manner.

-Eric Patterson

Eric,

Do you trade systems that trade more than 20 times per hour? How often do you get signals with systems you are currently trading?

I can sell some sysems I've developed in the past. PM me if u are interested and we'll go from there. It's not going to be cheap....

trend

 

[EricP]

Quote from trend456:



Eric,

Do you trade systems that trade more than 20 times per hour? How often do you get signals with systems you are currently trading?

I can sell some sysems I've developed in the past. PM me if u are interested and we'll go from there. It's not going to be cheap....

trend

I have had days with over 2500 trade executions, although I currently average about half of that. I have many systems that make a huge number of trades per day, while others only trade a few times per month.

It's all about having systems with positive expectancy, coupled with diversification of many systems to offset the inevitable losing streaks in others. Also important, of course, is following your systems without hesitation or second guessing. This is made much easier, I've found, with automation. It's becomes tough to second guess a trade when it's already entered. For me, I don't know about a trade until it's already executed. The trade is entered first, and I see the execution after it's completed.

Some of the benefits of this style of trading is the ability to simultaneously trade numerous systems, and numerous securities on any given system. Some people prefer manual trading, and it works well for them. I could never go back to manual trading after seeing the power and benefits of trade automation these last 4 years.

-Eric

P.S. I'll send you a PM and we can chat a little more about this in private, if you'd like.

 

[a34567]

A very good concept. Can you talk a little bit more about that?What kind sub-systems do you put together?

Thanks
JS

 

[trend456]

Quote from EricP:



P.S. I'll send you a PM and we can chat a little more about this in private, if you'd like.

No problem. PM me anytime.

Good trade.

trend

 

[ColdLogic]

Quote from EricP:



I could never go back to manual trading after seeing the power and benefits of trade automation these last 4 years.

Truer words have never been spoken.

For me, exclusive use of automated systems was the "big breakthrough" toward consistent profits.

 

[JT47319]

Quote from Alligatortrader:

Hi,

I just developed a scalp system on the S&P E-Mini. It makes huge profits in backtesting, trading about 20 times per hour. It could be a system, designed to trade for a living. But the problem could be the small average trade. If it works, one could make about 300-500$ per day- ex commissions and slippage.

Right now I am too busy to trade it myself and would give it to an active emini trader to check it out on a real account. You would need a tradestation and a low commission broker like IB.

Please send email @ artland@gmx.de

So why not just employ a "robo" broker? or an auto execution platform?