Recent content by Kovacs

Ninjatrader will provide you with information regarding average win/loss, profit factor, MAE/MFE/ETD, average time in markets and a slew of other information for each trade or for any period of time you designate. I find this information extremely useful. But now my prop firm is switching to...

How much data do I need?

The problem is my profit factor on the long side is 1.0, while my profit factor on the short side is 4.0. I kept mistiming the epic rally we were sure to have, and when it finally came, I missed both of them.

It's working out to an average of 12 trades/day. Results were developed from the last 30 live trading sessions (I was paper trading prior to that).

Winning percentage: 69.77 Average winner: 4.15 Average loser: -6.26 My average winner is lower because my scratch trades tend to be 1-2 ticks in the money to cover commissions.

I'm using SierraChart with MyTrack as the data provider. In Canadian dollars, I pay $20/month for SierraChart (lvl2 membership) and $50/month for MyTrack (real-time nyse and amex entitlements are a dollar each). If you want real-time CME data for ES, it's an extra $10.