Index futures automation

Can a fully automated trading strategy work in the long run?

  • YES!

    Votes: 56 67.5%

  • Hell naw.

    Votes: 14 16.9%

  • I don't know, I got my own trading to worry about.

    Votes: 13 15.7%
  • Total voters
    83
hilmy83 said:
I want to go back to daily updates just so I can have some motivation in maintaining the journal. No trading on US holidays.

As indicated before, I'm trading the full size Dax (fdax), trading 1-5 contracts. Goal is $1000/day.

Main strategy is basically building position (not always just averaging down when price goes against me). Once I hit my $1000, I'm out.

I know a strategy built around pnl is not "text book" approach, but I just want to cash in everyday and be consistent at it.


Lets see how it goes from day 1 today:
Cumulative $1114

View attachment 343901
More...

Miscalculated my pnl target.

Cumulative $1904.83

upload_2024-7-15_8-45-21.png
 
hilmy83 said:
I want to go back to daily updates just so I can have some motivation in maintaining the journal. No trading on US holidays.

As indicated before, I'm trading the full size Dax (fdax), trading 1-5 contracts. Goal is $1000/day.

Main strategy is basically building position (not always just averaging down when price goes against me). Once I hit my $1000, I'm out.

I know a strategy built around pnl is not "text book" approach, but I just want to cash in everyday and be consistent at it.


Lets see how it goes from day 1 today:
Cumulative $1114

View attachment 343901
More...
What is the value of each trade?

In my paper exercise, each trade (either long or short) is $60-$70K and my daily profit is on average only $100. I am embarrassed. :(
 
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