you do not have to ask volpri for anything. why ask for free help? just pay 400 usd and see the videos on gaps. problem here is that it is so simple, that it took me years to understand it. perfect targets perfect entries. it is much easier to believe markets are random than make the huge investment in time effort and emotional agony to understand that it is not.
that is why it is almost impossible to scalp consistently over a long period of time. while it is true that Rotter would laugh all the way to the bank at this statement....... i have been trying to follow in his footsteps and crying to bankruptcy
https://www.babypips.com/forexpedia/profit-factor https://corporatefinanceinstitute.c...olio return,portfolio return (or, volatility)
What function in excel do I use to compute standard deviation for my profit curve? Thank you for your help.
You should ask @volpri how he could scalp consistently over a long period of time, using Brooks. I scalp SPY/QQQ/names instead of ES futures. Zero commission, no margin interest and 1 tick bid/ask spreads most of the time.
You should probably use the sample standard deviation, since the trades are a sample to be extended in the future. https://www.perplexity.ai/search/how-to-calculate-standard-devi-Nufy.hoJQI2escmVC2KRBA
He has a journal detailing how he scalped ES futures. If you are a newbie day trader (like me) it is worth it for you to read his posts: https://www.elitetrader.com/et/thre...-trading-the-es-nq-ym-mes-mnq-and-mym.336259/ @volpri is a good man, willing to help and not asking anything in return. You need to find your niche, your own instrument but follow his general approach. Some like @SimpleMeLike criticized my results as meager profitability not worth the effort. You be the judge.
This is what I did: 1. Calculate daily gain/loss for day trading and SPY for an equivalent $50,000 initial capital. SPY is essentially buy and hold, day trading went flat everyday. 2. Used STDEV.S to compute standard deviation for both; 95 trading day for day trading and from 5-1-24 to 12-3-24 for SPY. 3. Day trading standard deviation for $50,000: $148.62 4. SPY buy and hold standard deviation for $50,000: $449.66 5. Sharpe Day trade (17.79 - 4)/148.62 = 0.093 6. Sharpe SPY (20.26 - 4)/449.66 = 0.036 Assumption: risk free rate is 4%; average daily gain of 0.13%, assumed compounding for 6 months is 17.79% gain in 6 months. That make sense to you?