Looks like I finally made it!
why not just ask them?
hi - it looks very unrealistic for real execution. with this volume you would need to use an ECN broker and not one with a trading desk.
> But after two weeks of forward testing on demo the preliminary results are fully inline with the back tests.
As they should be
The challenge is forward running on live - hope it goes well
-BB-
Yes, this is kind of a short term strategy and timing is critical... can't wait for 10 minutes to open or close... train may be gone then.
The reason for the large number of orders is simple: after just 2-3 weeks of trading the order size is up at
50 lots, which is the typical limit of most brokers (at least for Alpari). From then on, in order to keep the risk up,
multiple 50 lot orders will have to be 'fired at once'. At the most extreme it would simultaneously fire off
up to 50 50lot orders... which would emulate one 2500lot order.
I have since revised my strategy a bit by limiting the max number of orders to about 8 (equal to one 400lot order),
and obviously this will result in steadily decreasing risk as the account grows.
I figure a 99.8% hit rate with 400lots (typical daily profit around $50K) is going to be more than profitable enough for my needs...
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Well... after about 9 months of intensive programming it finally looks like I've succeeded with a signalling system that really works.
This "unreal" graph is a backtest result. But after two weeks of forward testing on demo the preliminary results are fully inline with the
back tests... getting about 10-15% pr day with very minimal risk.
But getting results like this means I'll have to throw like 20-50 Lot50 orders at the broker within the space of one or two minutes!
(20-50 Open orders, and later the same number of Close Orders).
Anyone know if a broker, like Alpari, will accept such order bursts inside one or two minutes ?
Link to Tester Graph:
http://home.online.no/~eikarlse/temp/TesterGraph.jpg