Minifty

[vijayinvitesk]

Hi SS,

I have backtested NMA Swing System for the past six months, It gives an average of 11 points return per day. So even in the worst case scenario, the markets do not perform well over a period of time, the average may fall to maximum 5 points per day. Even that will give 150 points per month. So I think if you stick strictly to some system, you won't be in a loss.

As one of the members said, 50 % of my trading days , 90% of my trading weeks and 100% of my trading months end in a profit.

With Regards

My system gave average of 25 points per trade yaar. Dont go by just backtesting six months data. NOw i am trying to back test atleast for 2 years.

 

[sumosanammain]

Hi SS,

I have backtested NMA Swing System for the past six months, It gives an average of 11 points return per day. So even in the worst case scenario, the markets do not perform well over a period of time, the average may fall to maximum 5 points per day. Even that will give 150 points per month. So I think if you stick strictly to some system, you won't be in a loss.

As one of the members said, 50 % of my trading days , 90% of my trading weeks and 100% of my trading months end in a profit.

With Regards

First of all, which exchange do you trade on? it provides you 30 days of trading? 5 points *30 is 150 points

Secondly, its a sad way that you are measuring a system. You may have 10 days of loosing 10 points a day, and 2 days which give you 60 points per day. The question is, after 10 loosing days, will you have the discipline to enter a trade on day 11? On paper its easy to say " yes of course I will "

I would love to see your ledger with 10 points per day profits. Its still on paper, right? Thought so.

You argument that if you stick to a system for a long time, you will make money depends, will you drawdown 75 % before hitting a new equity peak? Do you have the mental strength to take such a dd?

Paper traders are a dime a dozen, dear, no offence to you.

 

[msa5678]

First of all, which exchange do you trade on? it provides you 30 days of trading? 5 points *30 is 150 points

Secondly, its a sad way that you are measuring a system. You may have 10 days of loosing 10 points a day, and 2 days which give you 60 points per day. The question is, after 10 loosing days, will you have the discipline to enter a trade on day 11? On paper its easy to say " yes of course I will "

I would love to see your ledger with 10 points per day profits. Its still on paper, right? Thought so.

You argument that if you stick to a system for a long time, you will make money depends, will you drawdown 75 % before hitting a new equity peak? Do you have the mental strength to take such a dd?

Paper traders are a dime a dozen, dear, no offence to you.

Hi SS,

Sorry you have misunderstood the averaging concept. My calculation was like this. Total points gained in 180 days = 1980 , So points gained per day = 11 points.

Well I did paper trading for a couple of months then swithched to real trading . I am trading Mini Nifty through Zerodha. And I think I can handle the drawdown for a couple of months. Regarding mental strength. Well it depends, if you are utilising 100% of your capital, then whatever mental strength you have will not suffice. On the other hand if you are trading with 10% of your capital with good discipline and money management. You don't need any mental strength.

Lastly, I would like to say that in my opinion 6 months of backtesting is enough, Come what ever situation, the average you are getting for 6 months period is nerver going to be reduced by more than half at any period of time.


I hope I have cleared my position.

Regards

 

[sumosanammain]

Hi SS,

Sorry you have misunderstood the averaging concept. My calculation was like this. Total points gained in 180 days = 1980 , So points gained per day = 11 points.

Well I did paper trading for a couple of months then swithched to real trading . I am trading Mini Nifty through Zerodha. And I think I can handle the drawdown for a couple of months. Regarding mental strength. Well it depends, if you are utilising 100% of your capital, then whatever mental strength you have will not suffice. On the other hand if you are trading with 10% of your capital with good discipline and money management. You don't need any mental strength.

Lastly, I would like to say that in my opinion 6 months of backtesting is enough, Come what ever situation, the average you are getting for 6 months period is nerver going to be reduced by more than half at any period of time.


I hope I have cleared my position.

Regards

Now the question is, if you never want to utilise more that 10 % of your capital, why do you have that much amount in your account in the first place?

 

[msa5678]

Now the question is, if you never want to utilise more that 10 % of your capital, why do you have that much amount in your account in the first place?

Hi SS,

I never said that I never want to utilise more than 10% of my capital. Trading needs to be done in phases. You have to do paper trade , then start practical trading with a portion of your capital and finally you migrate to be a full time trader with 100% of your capital.

Well I have expressed my opinions , it is up to the readers to make their own decisions.

Regards

 

[sumosanammain]

stopped out of shorts?

 

[vijayinvitesk]

No. Busy with some stuff. Today entered long at 5624.

 

[Noob_Trader]

Gap up opening today and SAR @ 5596

 

[vijayinvitesk]

I switched to Saint sir FLOW 30 method. Will be posting those trades from now on.

 

[sumosanammain]

I switched to Saint sir FLOW 30 method. Will be posting those trades from now on.

The last few trades were from Saints flow too dear, thats why I was teasing you about levels