NQ futures day trading systems

Originally posted by Commisso


Navigator,

My trading is discretionary, but FWIW, here are my last period trades (every 100 is a period)...

% Profitable = 43%
Avg Win / Avg. Loss Ratio = 3.3 to 1
Expectancy = .85R (before commission)
Oh and I'm averiging a little over 5 opps per day...

PEACE and good trading,
Commisso
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Thanks for the info. Your Avg Win/Avg Loss, is that 3.3 or a range from 3.3 to 1? If it's 3.3, that's awsome... net of commissions, right?
 
Originally posted by savage
Hey All,

I've had some good trades trading 1 contract of NQ and am averaging a little less than $300/day profit on 1 contract. It's very tempting to multiply that by 5 and start trading 5 contracts. Please give me some advice, preferably from those who trade futures now, on when it is wise to start uping the # of contracts traded.

Thanks,

Savage
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$300 average per contract on a one lot is damn impressive. That's $75,000 a year and 3/4 mil if trading 10 lots. In regards to increasing your size, that depends on how much capital you have at risk and your risk tolerance level.
 
Originally posted by savage
Hey All,

I've had some good trades trading 1 contract of NQ and am averaging a little less than $300/day profit on 1 contract. It's very tempting to multiply that by 5 and start trading 5 contracts. Please give me some advice, preferably from those who trade futures now, on when it is wise to start uping the # of contracts traded.

Thanks,

Savage
More...

The jump from 1 to 5 contracts is extreme. Try moving up to 2 contracts and see if you can still average $300 per contract. Then move to 3, then try 5.

Take one step at a time!
 
Originally posted by Commisso
Nav,

My avg win is 6.6pts / My avg loss is 2.2pts
This is all before commissions...

PEACE and good trading,
Commisso
More...

So the avg win/loss ratio is 3.0 before and closer to 2 after commissions at the worst... that's still very impressive for a daytrading system. Can you do this consistently and for how long?

Profit factor of around 1.5 net of commissions I think. Nice...

Anyone else? I see lots of obsticles of doing this but wouldn't it be nice if a group of us could pool our systems together to create a diversified portfolio of daytrading system in a pool. I bet we would have an equity curve that's much smoother than any one system and beat the pants off of any hedge funds out there.
 
I've been trading the NQ emini for a whole month now with 1 contract, and have found the slippage to be very negligible. As I increase contracts, I'm interested to hear at what point slippage becomes more of a factor. My stats for 1 contract over a few hundred trades is as follows:

This is using a stop market order @ IB (pseudo limit order)...

80% of the time I get the actual stop price
15% I lose 1/2 point ($10)
5% I lose 1 point ($20)

Can anybody share their experience in general with more contracts? I know most people use limit orders, so maybe an idea of what % of contracts don't get filled, etc. Thanks. My goal is to trade 5-10 contracts on a consistent basis, and am wondering what the general degradation will be on the fills.
 
My experience with IB over the last 3 days is that I lose about 0.5 points on executions. It kindof pisses me off but I wonder if I would have even gotten an execution if I would have enter a limit order. I have been only entering market orders as an experiment because the NQ is liquid enough to get quick fills.

Savage
 
I wonder if the stops are placed on Globex yet @IB? That might be why I've been getting filled so well vs. a manual market order through IB?
 
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