Trading after 10:00am ES, 3 contracts.. multi-year backtest.. using 'last' trades recorded. -SL 16 ticks per contract -TP 16 ticks per contract -exiting on the close each session -using volatility as a trigger -trend filter
To sustain, costs in running.. 30K account. Drawdowns.. annual.. plus returns. Intraday margins are pretty low.. running 400 per..
Toby something or other wrote a book on Opening Range Breakouts in the 1970's. Last time I checked it was selling for $500 and up...
@motif just where did you learn that....! you really do not need to ask anyone to show any bank acct, brokerage acct or irs verified tax return.... don't even have to ask anyone to SHOW ME THE MONEY.... just show me your trading screen and where you entered and existed.... I'll say, motif, you are one of the smartest cookies to date.... LOL Ahh Soo.... with all due respect, really.
@TheRumpledOne alright, you said you have proven it 4 ways, maybe even 5 or 6 ways: but you and several others might have already forgotten the 7th way and it is the only way.... in trading....; with all due respect to all claiming to be consistently profitable traders.... sim or otherwise.... LOL you really do not have to waste much of your time at all, you do not even have to .... SHOW ME THE MONEY.... in trading: if you can, or if you care to, just show us your trading screen with the automated marked up of your entries and exits.... that is all you really really need, in order for us.... to show you proper and due respect and homage as being consistently profitable.... you or anyone else claiming to be consistently profitable, surely won't need your lawyers' approval, nor your acct permission now, do you.... to just show us eager beavers your live trading screen, but hopefully not your after the fact marked up pages with insertions and all....? with all due respect to every trader, trading live or sim ....
I tested the principle on DAX futures using only RTH data. It did not hold. Opening price was within high/low only 49% of the time. Any ideas why? Thanks in advance