About Performance Stats and Trading

Originally from ticket #881.

MicroTrends does not supply performance stats, I would not believe any
stats from anyone at all ever! - unless they are proven from a live account
and are NFA compliant and checked. Even then you need to know the capital used and have access to executions history. What happened in that trading - was it luck or consistency?

MicroTrends is not regulated and cannot offer advice on how to trade as such - only how to learn to use software as a tool within your trading and to see why or what can be profitable or not. The usage of it is down to the trader.

I can tell you that in the right hands many of the strategies can work well
with popular Forex and Futures markets but for most the experience, skill and patience, capital required to be successful is the issue not the system.

The best idea is that you use a system to suit your psyche, gather/ test
your own stats in real-time - for that reason all strategies are free for
sim trading -so traders can learn how to trade mechanically and see the
results first hand.

To trade professionally if that is your aim - you really need to find your
own parameter sets/ gather stats and settings to trade with, you need direct proof and experience of a systems natural profile to trade it and understand you winning runs, consecutive losses/wins, drawdown's, win ratio, risk reward, expectancy and capital required to assess it as viable for you and to stick with it. Even better to diversify systems, parameter sets, time series and instruments.

Most Traders tend to start out with a trend following system,
single,double,triple crossover MT2- crossovers are very popular -
perhaps the ES tick chart 144, 196, 256, 512, 987 with a short target and running target could suit you. Or perhaps a 60min chart.. For mean reversion High to Low strategy such as the MT3 can work for you on a 5min,10min, 30min, or a renko 10, range 10 chart around high energy times of trading times etc..

There are some who report that they think the MT2 is great and it works for them, there are others who struggle and give up. So it's really a personal journey - all we do is faciliate that and offer support on how to use the technology features. For example you might want to scalp or to let winners runs and only trade during high volume at the open etc.

Personally I run the MT3 over a basket of Futures and Currencies as I love hitting a home run trade that goes from the low or high for the whole of the expected daily ATR. However the win ratio is very low around 30% to 35%- but risk reward very good - 99% of traders cannot stick with it. Most opt for more signals/filters and tighter targets - I am not sure how profitable it is waiting for too much confirmation or trading short targets but some prefer that method. So again you can have a winning system but it cannot be used for all traders the only way to know is to drive it yourself over a period of time with a parrallel test of markets and parametersets / time series - then assess if that's viable weekly/monthly.

The MicroTrends NinjaTrader Framework provides you with most if not all of the popular ways to trade and many more ways too. . For advanced traders the MicroTrends NinjaTrader framework allows you to mix and match many strategies/signals, weight them over multiple time frames, apply filters, nuances and consolidate them into 1 signal.. That is sophisticated and can be fairly complex, sometimes just 1 pattern on 1 chart is the best solution..

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