Here are the stats for a 4 day scalp test I ran. Real time sim trades.
I have a confession to make, they are all counter trend trades.
Gasp.
I know I know, I may have to turn in my turtle trading fan club membership.
Gross RR 1.73
Win Rate 62%
Net Average Trade $6.73
Winners 53
Losers 32
Total Trades 85
Net Income $571.98
Average Trades Per Day 21
Days 4
Average Daily Net Income $143.00
So where do I go now? Is this good enough to risk capital?
The "exceptional Irish trader" has been poking me in the eye with a sharp stick about this counter trend thing. He wants me to try a trend scalp. So the question is can a trend scalp work, and would it work better?
There is only one way to find out.
5 comments:
Your sample size is too small, not only in the number of trades but especially in the number of days. I would want a lot more data before buying the engagement ring.
LOL
You are right, however I don't trust sim trading for the entire test.
I always wonder about slippage with sim vs live.
Slippage in a scalp could make or break the trade.
After some sim results I want to go live and see how it compares to sim.
So no, I won't buy the engagement ring yet.
:)
i'd love to meet this 'exceptional irish trader'.
i bet he's a charming fellow - obviously very intelligent and blessed with extreme trading virtuosity.
Oh he is all that plus good looking and very humble.
Your concerns about sim vs. live trading are correct. I use IB with bracket trader. If I use my live IB account with BT on sim the fills are unrealistic. Using my IB sim account with BT live gives realistic results.
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