You may want to read @Saltynuts' thread:
https://www.elitetrader.com/et/thre...nting-free-money-convince-me-im-wrong.355918/
https://www.elitetrader.com/et/thre...nting-free-money-convince-me-im-wrong.355918/
You may want to read @Saltynuts' thread:
https://www.elitetrader.com/et/thre...nting-free-money-convince-me-im-wrong.355918/
%%Short straddles, pure and simple.






,
/LOL\%%
HUH?? For a new trader?? HUH?? [Edit\ 100% right on great minds thinking alike,
/LOL\
Are you saying my mind is not great?%%
HUH?? For a new trader?? HUH?? [Edit\ 100% right on great minds thinking alike,
/LOL\

I know scalping is a life saver when there is not much happening in the markets. There are a lot of trading options in the M1 to H1 charts. Low time frames hold a lot of trading opportunities. Spreads are very important during scalping because slippage can ruin your trades.No there is no such thing as the best trading strategy because we have to remain flexible through the whole trading journey. If markets are stagnant then we can do scalping and we change our strategy according to the movement in the markets.
Hey thanks bud, could you give me details like the placement of sl, tp, eas, etc. I also wanna know how you define your support and resistance areas.View attachment 251465 Sure there is, buy stock index futures right before 3:00pm CST. Then sell before the market opens back up. You will make money while you sleep. Doesn't get any easier than that.
See the gap up on the open. Thats your profit.
I am all up for backtesting, using MT4 to go back as much as time allows me.I am a retired engineer, so after trying to wing it for several years I found a few books on quantitative trading. If I can't find a successful system by backtesting then I won't trade it. I am just beginning the quant learning, but I like what I see. It is systematic, statistically significant methods I look for.