Scalping - TOS Paper Trade Results

Discussion in 'Trading' started by ironchef, Dec 3, 2024.

  1. ironchef

    ironchef

    :thumbsup:

    Yes, no secret source, just a lot of screen time and practice. If I can do it you can too.
     
    #121     Dec 27, 2024
  2. ironchef

    ironchef

    Yes @IllicitTrader I will continue live trade with small size and gradually scale up if the results continue to support the thesis.

    I am also going back to Sim, this time work on the other extreme: Hunting, looking for the methodology for trading higher time frame, higher R:R, and "let profit runs", something @SteveH said in many of his posts.

    So many of you supported that thesis, it cannot be wrong.
     
    Last edited: Dec 28, 2024
    #122     Dec 28, 2024
  3. Bad_Badness

    Bad_Badness

    Good work.

    But be aware that holiday time trading is a different animal because all the larger players A teams are gone and the B teams are in charge.

    So as we start the new year, Jan should be a new base line for sim, live, fills and price action.
    I.e. take all the data so far and table it for reference and start over in Jan. Then you can compare them if you like, but don't assume late Nov and Dec trading action is comparable to Jan action.

    It might work to you favor even.

    Best of luck.
     
    #123     Dec 28, 2024
    ironchef likes this.
  4. ironchef

    ironchef

    Thanks, I know my limitations and will be monitoring things carefully.
     
    #124     Dec 29, 2024
  5. ironchef

    ironchef

    Completed 11 days of live day trading. 10 winning days and 1 losing day, positive expectancy. The live results are better than TOS sim.

    I think it is because live trades are executed almost instantaneously (according to Schwab << 20 msec) whereas sim has a built-in lag in execution (according to TOS up to 8 sec) which makes short time frame scalping inaccurate. I couldn't effectively execute tick by tick trades (like @VSTscalper's approach) or sub min scalping with TOS sim.
     
    #125     Jan 3, 2025
    NoahA likes this.
  6. ironchef

    ironchef

    Last 11 data points were live trades (~$1K per trade), normalized to match the $50K sim Acc.

    upload_2025-1-3_18-9-53.png
     
    #126     Jan 3, 2025
  7. ironchef

    ironchef

    Update.

    5 weeks live, including today. $1K per trade, but for comparison I scaled the chart to match the $50K Sim.

    upload_2025-1-24_8-1-30.png

    I am using @volpri's method, including some averaging down trades, win rate = 70%, average profit rate = 0.4%.
     
    #127     Jan 24, 2025