Grunt Work

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.