The trade/day is average stat for day of the month I have losing trades. I just modify my strategy to end profitable or breakeven for the day. ORB is the way
'I just modify my strategy to end profitable or breakeven for the day.' This doesn't make sense to me. EDIT - I'm not doubting your published results, I just don't understand how one can modify a systematic trading strategy to prevent a single negative day's P&L..
When the trade goes the wrong way, the bot just reverses position. It manages where it reverses,and how to set new tp accordingly.
'When the trade goes the wrong way, the bot just reverses position. It manages where it reverses,and how to set new tp accordingly.' OK. It seems you have invented a money machine. Surely must be tempting to beg, borrow or steal a large amount of capital and just let this system trade with it.
It was fun while it lasted. Now back to the grind It only makes 3-4% a month. I wish i had a 250k account to make it worthwhile. But I'll be patient and let my tiny account grind it out. Unless someone wants to buy the IP/algo outright for 250k I think the Algo is scalable to 500k before slips become an issue.
'It only makes 3-4% a month.' Many funds/traders would sell their own mother for a consistent return like that.
While I was on vacation, I saw that the algo did not take trades on Monday. It was also the first day with September contract. Apparently, I needed to reset the algo when adding a new chart. So Monday's trade was a scratch as I was testing it out to make sure there were no other issues. All other days including today, traded as normal. NDX is running away from me. This bastard is closing strong this year.
'NDX is running away from me. This bastard is closing strong this year.' NDX is up 38.81 % so far in 2023. That is pretty amazing. But we are still less than halfway through the year. Anything can happen. Your results are very consistent. I'd continue to run your money printer. Quick question - how many SPX and NDX points net has the system produced so far ?
This is a futures trading algo, but i only trade mnq for now. I don't really pay attention to ticks, but based on quantanalyzer (some of the positions are per average entry so the numbers don't quite round to quarters)