OmniTrader Forum OmniTrader Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


This message cannot be deleted. It is the first message of the thread.
Administrators or moderators may choose to delete the entire thread


 
Charlie F.

Regular
2525
Posts: 50

Joined: 11/26/2003
Location: Chester, CA

User Profile
 
Subject : RTX-3 Worksheet
Posted : 2/25/2014 11:31 AM
Post #31025

Thanks Nirvana for setting up the Trading Lab and posting the trades. Before using any new strategy the most important thing for me to know is what the net return looks like. As a general rule if commissions are over 20% of profits then I’ll pass as the average profit per trade is too low. This could be a result of not getting the big movers during the day even if the win rate is very good.

So here is a simple worksheet to help with that. Using a $25,000 account with 4X leverage allows for five positions at the 20% allocation used in the lab. MB Trading works with OmniTrader and has a flat rate of $4.95. Others maybe lower but this is a good number to use for evaluation.

Looking at the trades from yesterday RTX-3 showed a profit as well as a 75% win rate. Most of the profits were given to the broker making the return much lower than one would like. Just something to thing about...Charlie

Attached file : RTX-3 02-24-14.jpg (101KB - 721 downloads)
Attached file : RTX 3.xlsx (11KB - 709 downloads)

Deleting message 31025 : RTX-3 Worksheet


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.