Yes. Every $5000 increase, i add 1 micro. Until i get to 10, then will switch to emini.Right now 4 micros, so it will take a while before i trade the emini.
Depending on which broker you use, once you reach a certain number of micros the commission/exchange fee math makes no more sense, and you'll notice that on the spread between your algo net and loss. Better to switch to 1 mini once you are ready to exceed that limit. For example, a few years ago I figured at AMP it was when you hit around 4-5 that a single mini was more efficient.t o Edit: Actually, it's evident on your graph now in looking at it, heh.
Given that the Nasdaq is up a whopping 22.48 % since the close on 17th Feb 2023, your algo's 21.25 % gain is pretty damn impressive. That's in 97 trading days. Many traders would sell their own mother for such a consistent return. Does the algo exclusively trade the Nasdaq ?
I do want it to outperform the ndx. At least by 20-30% for the year. Otherwise, what's the point of trading, I can just invest in qqq or something. But obviously I started the final Algo during this crazy equity runup. But, we still got the rest of the year to hopefully beat this mofo
Because you can scale with the ES with a small amount of capital relative to scaling up in the Q ETF.
I never trading ES again. Its slow moving, not right for this strategy. Runner up would be RTY or CL, and maybe certain volatile high liquid stocks like NVDIA or TSLA.