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I doubt my advice would be much help to you. Back in October, you equated my trading to gambling, so I fear anything I'd say would be taken as gambling advice:
Ron, I am sorry to hear about your loss. I have reviewed WorldCupChampionships.com in the past. In my opinion, it is gambling and not trading. All their rankings are based on net return, without any considerations for drawdown. I would rather pick a trading …
I looked at the thread, and I can't say anything meaningful with the information provided.
You do ask about its performance compared to other strategies:
How does it compare to the goals you set up before starting development?
Do you have any form of reliable statistics telling you 5$ pr RT is a reasonable amount for market slippage and mishaps?
If it were my strategy and my testing, the performance report would have shown a loss of approx $130.000, since I use 25$ RT for slippage and mishaps on ES . (I got this number based on experience shared by @kevinkdog - I do not currently have enough statistics of my own)
My number for slippage assumes market or stop orders for entry and exit. If you employ limit orders correctly, you won't have slippage for those. If all your entries were limit orders done correctly, and all stop/market orders for exit, you could reduce the slippage by 1/2.
Ktrader, I agree that traders should use $25 RT for slippage and mishaps on ES if they are using market orders. With this strategy, I am using limit orders to enter and exit my trades; hence, I don't think that $25 RT should apply.
Are you using limit orders to exit your losers? What happens if the price runs away from you? Does your algo chase price down with limit orders? Also, are you assuming limit order fills on touch, or only if your limit price is exceeded?
Each trade is entered with a fixed stoploss and a fixed takeprofit. You are correct, I will need to re-run the test again using when limit price is exceeded.