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  #1 (permalink)
Incognito
Rome Italy
 
Posts: 22 since Apr 2019
Thanks Given: 18
Thanks Received: 14

Hey guys,

I genuinely cannot figure out whether I should either aim for small/big profits, take a few/many trades and trade untill I reach my profit target or keep on trading as long as there are opportunities for one particular system. Basically, I have 2 accounts - 1 is my own and the other is a prop account. I have been trading the prop untill I reach my profit target with normal profit targets such as 2-4 pts and a max loss of 4pts. The other, I just keep placing trades for as long as the opportunities arise. I cannot backtest the system as there are too many variables involved and I have no knowledge on programming. If anyone would be willing to help me sort out this issue, I will gladly pay you for your services.

Unfortunately I'm ocd, so its really hard for me to settle.

Thank you.

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  #2 (permalink)
 
forgiven's Avatar
 forgiven 
ashville NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
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Incognito View Post
Hey guys,

I genuinely cannot figure out whether I should either aim for small/big profits, take a few/many trades and trade untill I reach my profit target or keep on trading as long as there are opportunities for one particular system. Basically, I have 2 accounts - 1 is my own and the other is a prop account. I have been trading the prop untill I reach my profit target with normal profit targets such as 2-4 pts and a max loss of 4pts. The other, I just keep placing trades for as long as the opportunities arise. I cannot backtest the system as there are too many variables involved and I have no knowledge on programming. If anyone would be willing to help me sort out this issue, I will gladly pay you for your services.

Unfortunately I'm ocd, so its really hard for me to settle.

Thank you.

Sent using the NexusFi mobile app

the system your trading , what platform is it running on and is the code for that system locked .


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  #3 (permalink)
Incognito
Rome Italy
 
Posts: 22 since Apr 2019
Thanks Given: 18
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I dont have any code. I use NT8
forgiven View Post
the system your trading , what platform is it running on and is the code for that system locked .

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  #4 (permalink)
 
forgiven's Avatar
 forgiven 
ashville NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 929 since Mar 2012
Thanks Given: 309
Thanks Received: 666


Incognito View Post
I dont have any code. I use NT8

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my bad, i read that post as you where running a algo and auto trading . as a general rule of thumb ,you should shoot for a 50% win rate . with your winning trades 2 times the size of losses . if you can do that your the A team. hope it help


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  #5 (permalink)
 Miesto 
Monte Carlo, Monaco
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
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Trading: Futures
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Incognito View Post
I genuinely cannot figure out whether I should either aim for small/big profits,

I would say this depends on your time frame (and what you call small or big). Maybe you should judge your trades in units of R(isk) (1R loss and 2 or more times R profit). Read Van Tharp for more on this subject.


Incognito View Post
take a few/many trades

This also depends on your time frame (and your time frame is determined by the amount you can afford to risk).


Incognito View Post
and trade until I reach my profit target or keep on trading as long as there are opportunities for one particular system.

You should take every trade conform your rules. More info via Mark Douglas.

Keep in mind this is my personal opinion and what I write isn't necessary true or the only way to look at things. Hope it helps. Good luck.


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