Recent content by sidinuk

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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    The site was down due to server error for 1hr 43mins yesterday but is back up again now! When I get a chance I will update the backtest results and let you all know how it's been going, lately.
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    Hi Kiebert, Thank you for your comments. Unfortunately I haven't had time to update the results file for a while. I will try to get this up to date very soon.
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    Thanks for the comments skg83239, I'm glad it's given you some inspiration that is exactly what I wanted to achieve with the article. Good luck, let us all know how things go.
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    True to recent form, a losing week was followed by a winning week last week. Turning in a combined profit of $1,320 before commissions and slippage.
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    The system seems to be alternating between winning weeks and losing weeks. Last week we went down $880.00 after a profit of $3,175.00 in the previous week. Having double checked my figures for last week I misquoted, on the daily results page, ER2 on Monday, it actually triggered a long trade...
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    Yep, your absolutely right, NQ and ES do not perform so well. I think that is due to the small number of ticks in the average daily range compared to the other contracts. Average trading ranges have really tightened on those indexes over the last couple of years. Perhaps a .1 tick size on ES...
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    The system came back to winning ways last week. All contracts showed a profit for the week with ER2 ($1,240) and EMD ($1.010) being the best. Overall up $3,175 for the week. Note, I have altered the Thursday rule in accordance with a much more extensive back test which can be found here...
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    After a couple of winning weeks the system had a losing week last week, although it was a little mixed. NQ (up $110) and ER2 (up $50) were profitable but YM (down $300), ES (down $550) and EMD (down $660) turned in losers for the week.
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    The online trading system made a profit last week of $937.50 over the 5 contracts that we monitor, before commission costs. 11 winning trades out of 13 with the average winner being $87 and the average loser at $10. EMD (gained $330), YM (gained $245) and ER2 (gained $220) top performed...
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    bodemloze_put, yep your right, I had the flu last week and didn't post any comments - Of course I might have had more energy if it had made $3700 rather than lose it!! Basically, Wed 24 Aug, gave us a big reversal which caught the system long on all the indexes with a large opening range. It...
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    The example day trading system made a profit of $1,882.50 over the 5 contracts, before commissions last week. Good gains on Monday ($1,662.50) and Wednesday ($1,957.50) seeing us through. EMD (made $800) and ER2 (made $750) were the best performing contracts over the week, whereas YM managed to...
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    Money Management Trading Systems Day Trading & Scalping Developing a Trading Strategy Part 2

    The example day trading system made a profit of $312.50 over the 5 contracts, before commissions last week. Although we saw mixed performance, a gain of $1,090.00 on Tuesday was wiped out by a loss of $1,115.00 on Wednesday. EMD (lost $300) and ER2 (lost $90) were, again, the worst performing...
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    What Parameters Do U Use to Rate Ur System?

    I look at 12 month rolling profit to get an idea as to how consistently the system performs. Maximum/Average drawdown over the test period. Maximum/Average number of days drawdown between equity peaks.
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    Sierra Code for GBP/USD cash (spot?)

    Well, according to the Sierra Chart website it should be GBP.USD-CASH-IDEALPRO. However, I have just tried it and it doesn't seem to download anything for me!
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    Futures datafeeds

    Who do you use as a broker? I use Interactive Brokers and it is simple to subscribe to different exchanges for real time data. IB include realtime charts with their software or you can use Sierra Charts for a something a little more sophisticated.
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