January 18, 2011
- in Uncategorized by schooloftrade
Automated Trading System euro, crude oil, gold and Russell futures
We had another great day for our discretionary trading in our live trade room, but lets see how our auto trader did the past few days.
The euro is one of our favorite markets and you can see by these results that we can use this on any timeframe you want.
See this first example…we used a 21range chart for this automated strategy in NinjaTrader 7
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| Euro 21 Range |
As you can see we had almost all winners, but remember losses WILL happen on this auto tradr even though we don’t see any here. We don’t care too much about TODAY’s results, we watch the long term profit and loss.
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| Click To Enlarge |
As you can see from these numbers we have removed the two biggest concerns for an auto trader
– Over trading
– High risk/reward ratio
Look closely, we only take .75 trades per day (awesome) and we have a 30 tick stop with an 80-tick target.
Bottom line….its going to take a LOT of losing trades to give back the money you earned already, and with very FEW trades per day, you don’t have to worry about going BROKE by paying it all to your broker in the form of commission.
Gold is one of our favorite markets to trade, and the auto trader is no different.
This why I love this auto trader.
You can see plenty of losses on this chart (they certainly will happen) but look at the 30 day results, still very impressive.
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| Golg 21 Range |
We took 4 losses on this auto trader and 1 winner the past 2 trading days. Normally this would wipe you out, or at least kill your confidence, but when you realize that 4 losses = 1 winner all of a sudden this isn’t that bad J
Check out how LOW the drawdown is, how FEW trades we take each day, and of course this is the results for EVERY CONRACT for every 30 days.
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| Click To Enlarge |
Does that say less than 1% drawdown? Yes it does.
That is how a day trader keeps their confidence to use an auto trader….no over trading and no big drawdown.
Im excited to see how we do tomorrow! See you in the live trade room @ 745am EST
