I have a simple question: what was your day trading system's ( on NQ100 futures ) biggest Profit Factor? I'm interesting in 2001 and 2002 results, because 1999/2000 was very easy. I've developed EOD systems with Profit Factor over 4.0 Now I wonder if it also works so pretty on intraday data. Any feedback appreciated. DT-waw
hi...I have a dumb question here. What do you mean by "Profit Factor" ? The same as "Net Prof : Loss Ratio" ?
4.0 is pretty good. intraday if you can get 1.5 is good imo 2.0 is fantastic, but that's just me. with systems anyway. what is your system broad style ?
Profit Factor = Gross Profit / Gross Loss My system is very simple. It works great on EOD basis ( i've tested it on swiss franc, eurodollar, nq, sp500, nikkei 225, cac40, japanese yen ) Long term trading is not for me. There are long periods with no profits. I'll be very satisfied with PF = 1.2 with day trading systems. I think NQ futures are the best instrument for daytrading, maybe DAX also. DT-waw
Okay...same thing Well, I'll tell you what. If I had an EOD system that gave a 4.0 over any sustained period with 40% or so winners I'd "Learn" to like long term trading...Lol That's Great! As far as intraday trading goes,I think you're being very realistic in expecting a 1.2 Some of the best systems I know of give only about a 1.4 or so. So,if you can pull off a 1.2 with say 45% or so winners,congratulations!
Breakout: EOD systems are good in terms of PF. But they are not good in terms of return. I attach optimization reports from Wealth-Lab.
By the way...if you want to email me your EOD system rules I'd be more than happy to help you beta-test it.
No offense...but,that's relative. To me,and a lot of people, 8% is a nice return,and that's very possible with an EOD system. By the way, thanks for the attachments. Very interesting.