how does this system looks?
- Thread starter fgptrader
- Start date
At an average trade of about $25/contract and 2.5 trades a day, you may not be able to quit your day job with this system
I see you've included commissions (good), but what about slippage? This could eat significantly into your $25 on the ES with a $12.50 tick.Does your 3 month test period include the most recent 3 months (i.e. post 2/27 context)? How does your system perform in other 3 month periods?
Maybe you can get a little more bang per contract on another index (e.g. ER2).
Steve
I would not use that system with real money! You need to account for $30 per contract slippage and commission as a general rule! Actually most of the time itâs $12.50 slippage and then the commission on the es..
Here is what I am running on 90 days back test and this is without commissions on tick data.
Total trades: 36 (ES, 3month period)
Total win :80.56%
Ave. win : $101.29
Ave. loss : $35.71
Gross Loss: $250.00
Gross Profit: $2937.50
Net Profit: $2687.50
I forgot to add that when back testing a day trading system the results should be consistent every month as far back as you can go. If they donât you just found something that is a that does not work long term and soon the system will start loosing.