Few will understand your post written in plain English? That's actually what I've been doing so far.
Index futures scalping
- Thread starter farmerjohn1324
- Start date
Few will understand your post written in plain English? That's actually what I've been doing so far.
by ignoring use of stop losses?
Anyway only forward live testing can answer that.
No. By finding an appropriate SL. You must not have understood the post.
When you lock in your 1 pt gain, have you studied the occurrences of getting another tick or two
If you are up a point does the market give you another tick or two before it goes back to breakeven
This alone would increase the return 25-50%
What's there to understand?
Have you defined anything yet other than 1 point profit. If you are looking for someone else to tell you, without doing the testing yourself, as a few have already mentioned its not a winning strategy for ES, to try to obtain 1 point with a 1 point stop or something along those lines.
If you hit 90% of the time better hope you don't take a 9 point or more loss on that 10th trade.
And that's not even accounting for trading costs.
I couldn't possibly test that without backtesting software.
And a "reverse" and a "backfill exit BE or Exit on small loss" also. You have 15% of system, and the easy part at that. All fixable if you realize it.
Can you say this more plainly please?
For the amount of investment and the amount of risk you accept it would not cost to much to hire someone to backtest
At least look at the last 10 trades and see if you could have taken an extra tick....