YM Magic!

[TheTrue1]

IB margin requirements for 1 YM contract:

Out of hours: 6438
In ours: 3219


You can trade out of hours if you want to, but only 1 lot at present, when your account is over 13K you can trade 2 lots .

Same with intraday, when your account hits 13K you can trade 4 lots.
But if you start losing money you would have to drop back down to 3 lots again, then down to 2 lots if you hit 6.5K.

What you cant do is increase size when losing.

Thanks for the info. I will abide by those parameters.
One thing further...I noticed your mention of fees and the trading parameters at IB. Yet you have failed too mention my return using IB fees is +35%.

 

[SteveH]

Nice...I'm trying to get my risk reward ratio closer to that 2:1 but my win % always suffers.

It always will, algofy. The higher your risk/reward ratio is (e.g., 2:1 -> reward : risk), the lower your win % will be in the long-term. The relationship between those two variables is indirect.

I've only seen two instances of dislocations where the numbers can appear to "defy" the math for some time: in the crazy world of penny stocks and at the height of bubbles like the dotcom ('98-'00).

 

[userque]

You are welcome too check my statistics. Calculate the PF. And post it here.

No need. C2 is tracking and calculating it. An independent third party:

 

[southall]

Thanks for the info. I will abide by those parameters.
One thing further...I noticed your mention of fees and the trading parameters at IB. Yet you have failed too mention my return using IB fees is +35%.

Problem is slippage, as you are using paper trading account and not live trading a real account, C2 cannot track your order slippage properly.
Therefore i think the $14 C2 deduct from each trade is a good estimate for total transaction costs: commissions + slippage. Especially for your followers who will have even more slippage than you do.

 

[TheTrue1]

So you are providing stats ONLY for each week individually here, and not the cumulative stats. Individual week-only stats are nice to some, I guess. But I think most would be interested in the cumulative stats. I guess we can just check C2 for the cumulative stats.

I find this interesting. Thanks.

It is obvious you are checking the C2 cumulative stats currently. I am okay with that. Those stats will only get better with time. But you should also include a check of the account statistics and raw values. The weekly stat is simply a look at weekly performance. It is interesting too some.

 

[userque]

Problem is slippage, as you are using paper trading account and not live trading a real account, C2 cannot track your order slippage properly.
Therefore i think the $14 C2 deduct from each trade is a good estimate for total transaction costs: commissions + slippage.

Once he gets real-money auto-traders, C2 will be able to track/include slippage as it happens in those real money auto-traders' accounts.

 

[southall]

Once he gets real-money auto-traders, C2 will be able to track/include slippage as it happens in those real money auto-traders' accounts.

Do C2 allow auto traders to follow a paper trader?
Or must the trader being followed be live trading as well?

 

[TheTrue1]

Problem is slippage, as you are using paper trading account and not live trading a real account, C2 cannot track your order slippage properly.
Therefore i think the $14 C2 deduct from each trade is a good estimate for total transaction costs: commissions + slippage.

I am in agreement Mr. Southall. All C2 uses the C2 computation. I will meet my objective using those parameters. Slippage is present in all trading. I think, as you mentioned previously, the $14 considers slippage.

 

[TheTrue1]

Do C2 allow auto traders to follow a paper trader?
Or must the trader being followed be live trading as well?

Of the top 25 traders listed currently, i think 2 or 3 trade live accounts. Most subscribers on c2 follow paper traders in their live brokerage accounts.

 

[TheTrue1]

Do C2 allow auto traders to follow a paper trader?
Or must the trader being followed be live trading as well?

By far, most traders followed in live subscriber broker accounts are paper trading.