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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Suresh who wrote (39559)10/28/1999 8:14:00 PM
From: Matthew L. Jones  Read Replies (2) of 44573
 
To any of you experienced e-mini traders:

I've been paper trading a system I developed to trade the e-mini S&P contracts for nearly 2 weeks. I've kept a log since Monday and hoped to get some feedback as to if the numbers were "normal" for trading this security.

1) All trades are 1 contract.
2) I use a 30 minute chart to draw support, resistance, key target points, etc., and use a 5 minute chart to trade. I am using a very simple 10EMA system along with stochastics.
3) Stop loss of 1 point ($50) until trade is 2 points ahead then trailing to 1/2 of gain (e.g., 3 points ahead, stop is 1.50 retracement of high of trade)
4) In four days I have done 27 round turns.
5) 21 winners, 6 losers.
6) Average loser $35.32. Average winner $219.64. These are gross numbers. Allowing for .25 ($12.50) slippage each way for market orders and $15 round turn all in commissions, net net of $179.64 winners and $$75.42 losers.
7) Risk reward ratio gross 6.20:1; net w/ limit orders 4.06:1; net w/ market orders 2.38:1.

Does this sound "normal"? On a trend following system like this would you advise this close of stops? Any thoughts or suggestions would be helpful given I have never traded the e-mini before-- only stocks and options. Thanks for your help. Thanks for the suggestions for brokerage firms as well. I plan on using both PFG and Zap per recommendations from this thread. Thanks again.

Matt
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