as for fills, remember that you will ALWAYS get filled on a loser, but not nearly so on the winners. I agree with bitstream, just give it a try. W
bitstream is right, what you're accepting as truth in the equation without examining the absurdity of it is the underlying tenet of scalping.You have to have a win/hit rate of nearly 100% since the expectancy is capped at such a small #. Round #'s of $5 commission and $12.50 for the quarter point mean a win is worth $7.50 and a loss cost $17.50, one loss effectively wipes out 3 wins. You can literally almost never be wrong, something you're glossing over as do-able, it's not. Firms that do this use algorythmic trading, size and very low commission. Your bet will be talking directly to their bet.
Time will tell, time will tell. I have heard that lack of plan and discipline will make even the best of traders into fecal matter. As for advice: I never ignore it I just not always take it.
It has nothing to do with guessing. Opening an account and trying it out would the easy part. I need more time, but when I am good and ready I will give it a try.
I am glad you gave it a try. How did it look when you put it to test in real life???? Can you provide more details???? Inquiring minds want to know.
Thanks for the tip, but I have invested too much time watching, analyzing and researching ES to switch to E7 now. I want to see if this will work in ES market. Nevertheless, thank you for your input, maybe in the future I look into E7.
Thank you for seeing it from my angle. I am not a veteran trader and I have not wet my feet at the fountain of trading yet. So maybe my system is full of ... hot air, but thisis what I have been able to come up with so far. Maybe, once I have a couple of years of trading behind me and my nick will have couple thousands responses next to it, I too would look at my post with a smirk. As for now, from the charts of it, it looks like it could make $$$$$$$.