Indeed, my conclusion is that OP has no real viable system. He should stop everything and go back to the drawing board to build a real and profitable system before doing anything. Earn to trade or any similar thing is just a waste of money.
If he wants to try something, he should open an account at Ninjatrader for less than $1,000, receive free realtime datafeed, and trade just one contract MES till he can proof his consistency. With $1,000 he can lose about 100 points (plus commission) before he reaches the $400 minimum account he needs to trade. If he loses indeed 100 points he should ask himself if trading is a good decision. and at that point he only lost $600 in total.
If he has a job to pay the bills, he can continue this Ninjatrader experiment for a long time as he has only his losses to pay, no datafeed or anything ealse (except of course commission). That's the cheapest solution.
When I see the statements he posts, I arrive to the following conclusions (based on data that is sometimes confusing and maybe not correct because of that confusion):
First attempt:
he made in 12 trading day $396.13 net profit (after commissions) in 253 contracts. So that's $1.57 per contract, close to zero, and confirms that his system does not work at all.
Second attempt:
he made in 35 trading day $2762.04 net profit (after commissions) in 560 contracts. So that's $4.93 per contract, close to zero, and confirms that his system does not work at all.
Third attempt:
he made in 22 trading day $4,862.6 net profit (after commissions) in 1,294 contracts. So that's $4.52 per contract, close to zero, and confirms that his system does not work at all.
It is not clear which contracts he traded, ES or MES, so I have to show the real results if trading:
- ES: 2,170 contracts in total for $8,020.83 ,net profits. At $50 per point that means he made average $3.696, or 0.07 points per contract. That is basically ZERO.
- MES: 2,170 contracts in total for $8,020.83 ,net profits. At $5 per point that means he made average $3.696, or 0.75 points per contract. That is basically ZERO.
thumbs up for Virtusa:
So, Self, in your 10+ years of trading career, have you ever looked at your results in this way? Have you done any stat analysis of your strategy?