I have decided after some thought to provide for free the current strategy that I use for my trading firm out of the hundreds that I have developed before. It has been tested, in-sample, out-of-sample, and run through Monte-Carlo simulations.
I am doing this for three reasons. The first is that I want to offer something to futures traders who have consistently lost money but will continue to trade regardless to consider testing and using it if they find it suitable.
For this purpose I have removed most of the adjustability of the strategy to prevent people from destroying their accounts from constantly changing the strategy parameters. Instead, I will update the strategy if market conditions change to the point where it is necessary to do so.
The second reason is because I want to potentially interest people who may have job or internship opportunities to offer relating to automated systems development, testing, or management. As I am currently a 4.0 undergraduate student due to graduate in mid 2024.
The last reason is that I hope that any experienced traders or coders will share a way to improve the strategy if they are willing to take the time to do so.
Regarding the strategy, although in the past year it has been profitable, I do not make any guarantees or claims to the likelihood of its future performance. I am not responsible for any losses incurred from the use of this strategy. Please test in in sim first. Use it at your own risk.
It is an intraday momentum strategy designed solely to trade on the MNQ futures contract on a 15 minute RTH chart. The trading hours template must be set to 8:30-15:10 CST on weekdays. This strategy runs in NT8. You will have to re-enable it before 8:30CST every day. It will take a maximum of 1 trade a day but it will not do so everyday.
The strategy will start with a small position size and adds only to winners while trailing the stop to lock in profits. It is designed to lose small and relatively frequently, and win large and occasionally. This is to protect your capital. I urge you to let the edge play out over a large sample size. Losing trades are always inevitable and part of the normal distribution curve.
This is my recommendation for what you should enter in the strategy parameter to scale it to how much money you want to dedicate to it:
Account>25k: 1
Account>50k: 2
Account>75k: 3
etc.
Do not attempt to use this strategy without a 25k minimum trading account. I will post the backtest results and attach the strategy file to this post. The results in the photos include the impacts of commission and slippage.
Please do not share or disseminate this strategy publicly. Discuss questions or comments in this thread and I hope this will be useful to someone.