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Tips to going to live trading from a simulator
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Tips to going to live trading from a simulator

  #1 (permalink)
Just starting out...
north east, usa
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Zen-fire
Favorite Futures: NQ, TF
 
Posts: 16 since Oct 2009
Thanks: 128 given, 4 received

Tips to going to live trading from a simulator

Hi everyone. I have been trading on a simulator for the past couple of month on and off with different strategies/systems.

Could you give me some ideas / suggestions on how to test it out - and what data to keep on the system. I am averaging 28 - 32 ticks very quickly, but often give it back during flat periods.

I am trading the 6E, mostly for the hours. Kids keep me busy during the day :-( One concern i have is the volume for 6E at 2 - 3 am is a little light (under 25K contracts most days).

Any advise for someone with a decent trend following system but poor confidence :-)

thank you.

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  #2 (permalink)
Site Administrator
Manta, Ecuador
 
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nqemini View Post
Hi everyone. I have been trading on a simulator for the past couple of month on and off with different strategies/systems.

Could you give me some ideas / suggestions on how to test it out - and what data to keep on the system. I am averaging 28 - 32 ticks very quickly, but often give it back during flat periods.

I am trading the 6E, mostly for the hours. Kids keep me busy during the day :-( One concern i have is the volume for 6E at 2 - 3 am is a little light (under 25K contracts most days).

Any advise for someone with a decent trend following system but poor confidence :-)

thank you.

There is no quick solution, so I think you need to accept that as item #1 first.

The best advice I can possibly give you is to start a journal in the Journals section of the forum.

Spend a few minutes on the initial post, lay out your general rules for entry and exit (you don't have to give away secrets, but specifics help hold you accountable). Identify some of your strengths and weaknesses, and talk about what steps you will take to play to your strengths and minimize your weaknesses. Set some specific goals on a daily and weekly basis.

Then just sit back, and start posting to the journal once a day with your trades, why you took them, and what the result was. In two weeks time, you'll have a very clear picture of areas you need to improve on.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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  #3 (permalink)
Just starting out...
north east, usa
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Zen-fire
Favorite Futures: NQ, TF
 
Posts: 16 since Oct 2009
Thanks: 128 given, 4 received


Thanks for your advise Mike.

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  #4 (permalink)
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wny
 
Futures Experience: Intermediate
Platform: ninja, excel
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Posts: 86 since Jan 2010
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You can also consider trading an ETF that is highly correlated to your chosen contract and just eat the commisions but trade a much smaller size than min margin/risk would let you on the contract.
To me simulated trading is not bad at all tactically, but the biggest difference to me is not actually having to pay to play kind of changes strategies slightly.

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