Futures Trading Strategy

[ashantt]

What do the pros think of this Crude /CL trading strategy?

Enter a 25 contract trade for a 0.03 move, with a trail stop at 0.08?

 

[NetTecture]

THat is not a strategy, you know.

 

[candletrader]

Quote from ashantt:

What do the pros think of this Crude /CL trading strategy?

Enter a 25 contract trade for a 0.03 move, with a trail stop at 0.08?

It's a great strategy. You will make a million a year with it.

 

[mickmak]

you have got to be kidding me if you think this is a strategy!

This is OK if you have a entry and exit criteria based on market events or other information. Just saying my strategy is limit at 3 ticks and stop at 8 ticks on CL is efn stupid. Sorry. But it is.

 

[ashantt]

Quote from mickmak:

you have got to be kidding me if you think this is a strategy!

This is OK if you have a entry and exit criteria based on market events or other information. Just saying my strategy is limit at 3 ticks and stop at 8 ticks on CL is efn stupid. Sorry. But it is.

Sorry, I forgot to mention its based on a clear entry indicator.

 

[EliteThink]

If you do it 22 minutes after the open, it will win every time.

 

[[Proximo]]

Sounds brilliant.

You must of spent a lot of time and research coming up with that system.

 

[ashantt]

Quote from EliteThink:

If you do it 22 minutes after the open, it will win every time.

Thanks Net, Mick!

Others can suck it.

I've been successful 75% of the time so far. Just to let you know, I get the entry signal once or twice a day only. (I'm not overtrading like most you) And I've brought the trail stop to 0.05 and the exit to 0.02. Works like a Swiss Clock!

Good Day and Good Trading!

 

[mickmak]

Once you find that entry, this is not an unreasonable bracket for CL. What's your max draw down?

 

[JPope]

Looks like the easiest way to make 150k a year I've seen on ET. I'll start today...