Thanks for the chart EMT, you seen to be heading in the right direction. Check out some of these posts http://www.trade2win.com/boards/general-trading-chat/29598-useful-things-i-ve-found-net.html
EMT, Like frost said, make sure entry/exit is not on the same bar. Add the slippage. Add commission. Ninja will fill you at the close of last bar every time in backtest mode, not realistic. I suggest you turn on market replay mode and then run the strategies through that as well for a better idea of real-world, or if you setup an account with IB use their paper account and tie it with Ninja so Ninja places real executions, IB gives real fills, but no money changes hands. Do it for a few weeks, and I think you'll agree you will need to come up with a new strategy. However, if it works, then you'll feel better about using real money. GL.
Hey Guys, Thanks for all the replies. Although go back to page five and check out my post with the chart attached. Ive decided not to scalp and go for fewer trades with more profit. The chart i attached have some of my trading ideas, let me know if im on the right track. Cheers!
Smart money. Scalping will make your broker very happy in a short time unless your systems are very profitable. I don't trade in high numbers anymore, either. Quality above quantity. It all comes down to whether you can follow your own system rules. Without discipline, the best system will lose.
if, down the road, you decide that scalping is your style, i'd suggest you look into leasing a seat. high frequency scalping can work, but it will be a very tough go at retail prices. g/l