my current setup

Quote from John Merchant:

I recommend that you look into Interactive Brokers. The roundtrip per car is under $5. Adds up in the long run.

There are cheaper brokers than IB, but IB has some other advantages...
 
You really should look into a backtesting capability. E-Signal has a relatively affordable platform. I will have to think about it, but I believe that you have few enough parameters that you could optimize this system in short order. Given your forward testing results with seat-of-the-pants optimization, I think you could squeeze 2X out of it.
 
Now wait a minute. Are you telling us it is better to scale out than to scale in? I don't trade your time frame but that's counterintuitive to me. When trading on the scale of a session, morning or afternoon, it definitely is better to scale in. Ah, but you didn't tell us your typical trade duration. What is it?
 
sorry Joe.

I did not know you knew about ticks already.

Let's say I am more comfortable when the market is running
wild seeing it with ticks than minutes.
Gives you opportunity to scale out as you see weaknesses
as market slow down after a really fast run up or down.

Just a personal preference.
 
depending of market condition

trade duration

if trending: up to several minutes (20min to 45 min )

if not trending: a few seconds.
 
Dunno 'bout that. I like single tick charts, but when I tried tick intervals I couldn't get any sense for the velocity of price change, much less acceleration. It's a visceral kind of thing for me, ya know? I like to imagine I'm on a roller coaster, seated upright when price is falling and upsidedown when it is rising. Just not a visual guy I guess.
 
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