I found that this scalp strategy works fine I scalp the ES 4/6 times per day (with 20 lots) -------------------------------------------------------- Min. 2 lots Stop/Profit Rules (Low medium price range): Profit_1 = 1,75 Profit_2 = 3,75 Loss = 2,25 Price Change 2,0 (when the first target is met) Stop Change 2,75 Winning trades +/- (75%) Losing Trades +/- (25%) as follows: A*) % of trades with both targets met = 25% B)* % of trades with one target met = 50% C) % of losing trades 25%. So I have: A*) (1,75 + 3,75) x 2.5 (25%) =13.75 points profits B*) (1,75 + 0,50) X 5 (50%) = 11.25 points profits C*) (-2.25) X 2.5 = -5.625 points profits Total profit per 10 trades with 2 lots: (13.75 + 11,25) - 5.625 = 19.375 19.375 x $50 = 968.75 Commission = 4,5 x 20 = $ 90 Net gain 878.75 Comments? Just curious to see what is your strategy
I made 464 trades since early April Of course you have to adapt the size of lots and/or stop, based on daily price range Personally, I reduced the number of lots when the range was wild, raising stops and profit targets
Yes My mistake Min. 2 lots Stop/Profit Rules (Low medium price range): Profit_1 = 1,75 Profit_2 = 3,75 Loss = 2,25 Price Change 2,0 (when the first target is met) Stop Change 2,75 Winning trades +/- (75%) Losing Trades +/- (25%) as follows: A*) % of trades with both targets met = 25% B)* % of trades with one target met = 50% C) % of losing trades 25%. So I have: A*) (1,75 + 3,75) x 2.5 (25%) =13.75 points profits B*) (1,75 + 0,50) X 5 (50%) = 11.25 points profits C*) (-2.25*2) X 2.5 = -11.25 points loss Total profit per 10 trades with 2 lots: (13.75 + 11,25) - 11.25 = 13.75 13.75 x $50 = 687.5 Commission = 4,5 x 20 = $ 90 Net gain 597.5
Wouldn't you be better off just going for target 1? If so a one contract strategy with you results would look like this: A. 1.75 * 7.5 (75%) = 13.125 B. -2.25 *2.5 (25%) = -5.625 13.125 -5.625 = 7.5 gain per contract as opposed to 13.75 gain for a 2 contracts or 6.875 per contract. I could be wrong here, check the numbers.
AS USUAL ALL BULL SHIIET , LETS SEE YOUR PL'S WHY WASTE YOUR TIME AND OUR TIME ON THIS BOARD IF YOU'RE MAKING SO MUCH F KING MONEY!!