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Challenge: SIM Millionaire in 20 Days


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Challenge: SIM Millionaire in 20 Days

  #61 (permalink)
 RADO 
Melbourne, Australia
 
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Interesting thread! Perhaps you can post up some screen shots of your chart with reasons for entry & exits. Just posting results doesn't really help anyone apart from self gratification.

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  #62 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
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RADO View Post
Interesting thread! Perhaps you can post up some screen shots of your chart with reasons for entry & exits. Just posting results doesn't really help anyone apart from self gratification.

Great idea!

My mom uses a 5-minute anchor chart and a 1-minute trigger chart...and sometimes a tick chart. She leans heavily on the MACD (with standard settings) for entries and moves her stop-loss to break-even quickly using the TickHunter EA BE+ button. Below is a screenshot of her primary chart layout on MT5.


I use a 15-minute & 5-minute anchor chart and a 1-minute trigger chart. Below is a screenshot of my primary chart layout on MT5.



When evaluating the markets, I look for Energy, Direction, and a Good Price. In the screenshot below, the thick line with the #1 is the 89-EMA...the other thick line #2 that sometimes goes flat is a 42-Donchian channel middle line (I call it the PowerLine). I use the 89-EMA and the PowerLine on the 15-minute, 5-minute and 1-minute chart to determine the "macro & micro trend" direction. When both lines on the 1-minute chart paint green, I mostly take bullish trades. In this example, I took 1 sell and 8 buy trades.


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  #63 (permalink)
cmtn0113
Providence RI
 
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You guys still at it?

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  #64 (permalink)
 
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 michaelroth 
Gillette Wyoming
 
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icedfrosty View Post
Have you ever heard of the ZombiePack2 collection of indicators? It's free and contains source code.


Going foward, I plan to enter trades only after the SetupWave shows at least 1 strong blue wave...validating that the market has enough "energy" for me to properly "fast scalp" for this SIM challenge.

I love this. I'm currently working on step forward testing zombie set ups, and now will include this update in my zombie practice sessions. Good work you!

Day trading, so easy a caveman could do it.
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  #65 (permalink)
 
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 michaelroth 
Gillette Wyoming
 
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icedfrosty View Post
Ok...we are going to change this up a bit...my mother doesn't want to be the only one participating in the challenge...she has asked me to join her in the challenge!!?!?!!

Yikes...feels like a lose if I win and lose if I don't win kind of situation. Anyhow, who can say "no" to their mom? So, I am going to join the challenge...both of us will start with a $10,000 SIM account, both on MetaTrader 5(MT5), using any indicators we like. The goal will be to make an average of roughly 30% compounding daily over 20 days to reach the 1 million dollar challenge target. I hope you enjoy.

Who will be first to complete the SIM Millionaire in 20 days? Pro vs Retail...the challenge is on!!!

Just for the record I'm on team mom. Not hating.

Day trading, so easy a caveman could do it.
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  #66 (permalink)
 
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 icedfrosty 
Dallas/Texas/US
 
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Well, there was the sound of boOOooom on the SIM accounts....and then a crater remained...


Since we will be starting the challenge over...going forward if one of us "boOOooms" an account only one person will start over. Previously, we were planning to keep the two of us on the same day...but now we will race to the 20 day mark and if one of us must reset then only that person will go back to the starting point of Day 1.

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  #67 (permalink)
 
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 icedfrosty 
Dallas/Texas/US
 
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Day 1, I took 11 round trip trades of MNQ for a total gain of 32.12% over the starting account balance.

My Starting Balance: $10,000
My Ending Balance: $13,212

10.07 average tick gain per contract with total gain volume of 638 contracts (commissions included)



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  #68 (permalink)
 
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 icedfrosty 
Dallas/Texas/US
 
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Day 2, I took 9 round trip trades of MNQ for a total gain of 34.26% over the starting account balance.

My Starting Balance: $13,212
My Ending Balance: $17,738

8.71 average tick gain per contract with total gain volume of 1040 contracts (commissions included)



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  #69 (permalink)
 
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 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
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Thanks Given: 70
Thanks Received: 550

Below is my Day 1 PnL for the 11 round trips:




Below is my Day 2 PnL for the 9 round trips:




Hopefully, this provides a bit of insight into the distribution of wins and losses when I "fast scalp"...

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  #70 (permalink)
 
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 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


Today, I pushed a new build of the ZombiePack2 for NT8 to FIO. In the update I have completed the Zombie21 collection (Zombie21Candles, Zombie21EMA, Zombie21MACD).
Using the Zombie21MACD, you can match my mom's look for her favorite indicator. Below is a screenshot:



1) Zombie21SetupAlerts - ShowEnergyStack enabled (previous named SetupWave)
2) Zombie2NetPriceChange
3) TickHunter (not part of the ZombiePack2 but available on FIO)
4) Zombie2BarTimer
5) Zombie21MACD
6) Zombie2PriceInfo
7) Zombie21EMA (gray and purple ribbons plus 200-EMA - based on GMMA)
8) Zombie21Candles
9) PriorDayOHLC - show close enabled - built-in indicator
10) Zombie21SetupAlerts - ShowZombieSetups & ShowHalfLifeSetups enabled

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Last Updated on November 5, 2023


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