Thank you cat for your response. What are your views on developing intra-day swing trading (1 to 2 trades per day for big daily moves), scalping (many trades per day for 8 or less ticks), and swing trading (holding trades over night for bigger ...

How do you trust the historical back testing data

Thank you hanover.

How To Develop Winning Automated Trading Systems

Thank you cat for your comments and very good response. Can you please go into detail a bit regarding "forward testing your backtest results"? Does this mean you forward test for about a few weeks, then back test those few weeks and compare the ...

How do you trust the historical back testing data

Good questions MaxenshteinD, "Why do traders think that they will win ?" I believe I will win because I know I need to find an edge/strategy(s) that I have proof that worked in history. And i will not trade real capital until this is done. I believe ...

Why do most traders think that they will become profitable?

Thank you Madinvestor for your comments. Yes, forward testing does make more sense; however, most system developer depend +4 years of historical back testing using software simulation to have an idea if the strategies has odds of profitability, ...

How do you trust the historical back testing data

Thank you Copernicus for the reference. I will look into Kevin's book (and few other books) as starting point as well as listen to podcasts as driving to and from work.

How To Develop Winning Automated Trading Systems

Thanks KarlKraus, You are 100% correct. I can definitely state that my first experience in trading set the tone.

How To Develop Winning Automated Trading Systems

Thank you Quickly, You are correct, I tried manually trade via my own un-proven trading method that I did not back test and traded with no discipline and consistency. I also lost money follow an experienced trader on the website trader room. All ...

How To Develop Winning Automated Trading Systems

Thank you saklas for your response My strategies will be for smaller time frame charts or intraday trading, so granularity or price movement inside the bar (3 min to 5 min) will be important. For this type of resolution I plan to use NinjaTrader 8 ...

How To Develop Winning Automated Trading Systems

Thank you pauljherrera, You are correct. I now count breakeven trades that results in a lost (due to commission fee) as a LOSS in the loss column of my spreadsheet. I would like my back testing and journal data collection to be as realistic as ...

Are Breakeven Trades Considered A Loss For Stats

Tpak, great simple advice. My question is why "always develop a system in which you have a better risk to reward ratio"? I would think a lower risk to reward ratio, and high win ratio would also results to profitability as well. Just curious you ...

What Would You Do Differently Today for Better Trading Results?

Hello, What I slowly learned last week: 1. Having a proven trading system the utmost requirement to trading. 2. Collecting the right data when journal is 2nd utmost requirement to trading. 3. Knowing your system drawdown is the 3rd utmost ...

What Would You Do Differently Today for Better Trading Results?

DonPato, Thanks for response, I apologize, I removed data cause it was poorly documented, but accurate. The data we are discussing is not live data, its manually visual backtesting. Commission is included in the price. I am getting a account with ...

Evaluating R:R and Expectancy of Two Systems

Hello, In the above example: 1. What does "$12,500 per position" means? 2. How was $3,125 calculated? Thanks

What is Expectancy?

Thank you so much DonPato for responding. One of my biggest weakness so far in my trading journey is stats and proper stats collection. But I am learning. I believe my calculations in the first post are incorrect. I attached spreadsheet for ...

Evaluating R:R and Expectancy of Two Systems

Thank you hilmy83, I understand now. Yes, my b/e trades cost me commission. Should I consider this as an actual trade loss and include in the Loss column? Should this Loss (from a B/E trade be included in the Loss Ratio)? Thank you,

Are Breakeven Trades Considered A Loss For Stats