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Challenge: SIM Millionaire in 20 Days


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Challenge: SIM Millionaire in 20 Days

  #31 (permalink)
ionutbbb
Cluj-Napoca
 
Posts: 2 since May 2021
Thanks Given: 2
Thanks Received: 0

Hi IcedFrosty, nice job but I can't find the indicators that you mention in the MT5 marketplace. Thanks

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  #32 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 550

On June 13th, my mother took 17 round trip trades of MNQ for a total gain of -9.49% over the previous day's account balance.

-2.99 average tick per contract with total volume of 4,000 contracts



Day's Starting Balance: $62,951
Day's Ending Balance: $56,978

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  #33 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 550


Below is the equity curve after 8 of 20 days SIM trading starting with a $10,000 account balance...


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  #34 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 550

On June 14th, my mother took 129 round trip trades of MNQ for a total gain of 42.89% over the previous day's account balance.

1.18 average tick per contract with total volume of 41,566 contracts



Day's Starting Balance: $56,978
Day's Ending Balance: $81,418

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  #35 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 550

Below is the equity curve after 9 of 20 days SIM trading starting with a $10,000 account balance...


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  #36 (permalink)
 
cdnftrstdr's Avatar
 cdnftrstdr   is a Vendor
 
Posts: 106 since Apr 2020
Thanks Given: 86
Thanks Received: 178

Fantastic results. Quick question, I looked and I don't think it was asked, out of curiosity, why the micro NQ? By my math using this last days results it looks like she trades on average 300+ contracts per trade (41.5K contracts traded / 129 RT's).

Just curious your thoughts and feedback. As well would you/she in the "real world" trade the regular NQ even just to reduce commissions if anything, or is the strategy based on having the ability to scale in/out quite a bit, so having 300 mnq works better than 30 nq?

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  #37 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 550


cdnftrstdr View Post
Fantastic results. Quick question, I looked and I don't think it was asked, out of curiosity, why the micro NQ? By my math using this last days results it looks like she trades on average 300+ contracts per trade (41.5K contracts traded / 129 RT's).

Just curious your thoughts and feedback. As well would you/she in the "real world" trade the regular NQ even just to reduce commissions if anything, or is the strategy based on having the ability to scale in/out quite a bit, so having 300 mnq works better than 30 nq?

She typically trades with about 10 tranches using around 7 tranches in the first batch and around 3 tranches in the second batch. Beginning the challenge with a $10,000 starting balance would be difficult to use NQ and still have enough margin for 10 tranches. She plans to keep using the micro NQ for the duration of the challenge even though the commissions are roughly double those of NQ.

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  #38 (permalink)
 Pley 
Yuma, AZ
 
Experience: Intermediate
Platform: Tradestation, NT8, SC
Broker: Tradestation, AMP, Ninja
Trading: MNQ
Posts: 16 since May 2016
Thanks Given: 6
Thanks Received: 18


ionutbbb View Post
Hi IcedFrosty, nice job but I can't find the indicators that you mention in the MT5 marketplace. Thanks

Only in NT8, not in MT5.

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  #39 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,175
Thanks Received: 6,020


icedfrosty View Post
On June 14th, my mother took 129 round trip trades of MNQ for a total gain of 42.89% over the previous day's account balance.

1.18 average tick per contract with total volume of 41,566 contracts



Day's Starting Balance: $56,978
Day's Ending Balance: $81,418

So if i understand. She's mostly at break even if you add the commission?

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  #40 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 550



trendisyourfriend View Post
So if i understand. She's mostly at break even if you add the commission?

Not exactly...commissions are included in all PnL stats...

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Last Updated on November 5, 2023


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