|
North Carolina
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011
|
1. It sounds like and maybe I am misunderstanding: you don't really have a system. A system is something programmed that can be backtested. While it would be nice to have an empirically validated and sound trading methodology, I do think that it is probably more likely that one could develop themselves into a high level discretionary trader who could pass the TST/Oneup tryouts on a good run then it would be that someone could develop an empirically validated, backtested, and properly validated day strategy that could pass such requirements because it is notoriously difficult to make day trading strategies that perform.
As such, I think it is probably more reasonable to accept that you do not have a system but rather have discovered a pattern that is working in current markets. What is important in these situation is monitor the performance and don't stop thinking because there a risk that a discretionary trader discovers a simple trick or gimmick (aka system) that works and for a time they become very consistent and as result they end up short-circuiting their normal "market cognition" and then the gimmick quits working.
2. Be careful of what you share. Based on my experience, I would be very skeptical of any hedge funds, prop firms, prominent authors and vendors--etc. who would be interested in your rules.
3. I am surprised you think that being out of the market 1 minute before and after a report isn't sensible. If you have a strategy that can consistently trade reports then it would be advised to simply fund your account and trade it.
4. The best practice if you want to develop the systems additionally might be to analyze your performance so far and/or try to program a simplified proxy strategy using Ninjatrader or Tradestation. Also, you should probably look at the conditions of the market such as volatility and ATR to get some idea of which conditions are favorable.
5. On the frequent trading strategy, if you can identify a variable that corresponds with the profit factor you might be able to reduce the trade frequency.
|
