Here it is Jeff, I'm glad to contribute in any way that I can. I've spent a lot of time on it and have been using it for a while to measure my progress against expectations. If anyone can suggest improvements I will add them.
Here's how to use it:
Accounts tab - fill in all your account details. only fill in blue fields, the rest are calculated
Strategies tab - you can see all my current (green), past (red) and in testing (yellow) strategies. The red ones stopped working, due to curve fitting and/or changing market conditions. There were many more, I ran out of room so I deleted a lot. This is why I do not try any automated strategies any more! The only thing you need to modify on this tab is the one on the right marked "Sim" that's the one used for the simulation. I do this so that I can copy/paste a strategy to the sim column to test it out and i can go back and forth to compare.
I put a $75 risk for a 1 pt gain with 2 trades a day in the sim column.
Simulation - this is all calculated with the data in the account & strategy tab (sim column). You can see that just 2 pts/day every day would result in a million dollars easily. My goal is no longer to make thousands with swing trading, it's just to make 2 pts/day consistently.
Let me know if you have any questions. The most important part is the trade & account risks on the accounts page. Those are what keep you from blowing up. If you only risk 1% per trade and you have a winning strategy your risk of blowing up is 0. The traders who blow up risk all of their account and the black swan comes along and wipes them out. I've had 3 black swans that almost wiped me out. They're not as rare as you think. I had risked a lot more than 1% of my account. This is why I don't do that any more.
The following 4 users say Thank You to cunparis for this post:
Jeff, I wanted to thank you for all your hard work. I just noticed this chart for the 6E for the first time. I would like to know if you are using the sane template as the one for the ES (AYN ES WIZ.xml). Also what settings would you recommend for 6E. I would really appreciate if you could point me to the right direction in downloading the latest indicators for this template. Also what is your exit & stop loss strategies for both ES and 6E. Sorry for the number of questions.
I'm still debating on the "and quit" part. I give you an example: Friday I was quickly up $150. My wife wrote me on gtalk to ask how it was going and I said "up $150, according to Jeff I can quit now". But I didn't quit. At one point I was up $700. I finished up $550. Thursday was around $450.
If one quits at $150, how will they know if they are capable of doing more?
So my current idea is to fix a daily goal which for me is so far just 8-10 ticks. Once I get that I go to simulator. If after a week I find myself finishing above my goal (real + sim) then I increase my goal by a small amount and repeat. Sowly I will increase my goal, say 4 ticks at a time.
At some point I should find that I'm maxing out. Since this process would take 5+ weeks it should be consistent.
In any case I set a time stop of 11:30am NY Time for my kids.