u/frosty123454321

I’m mainly a prop firm trader right now, but have been searching for an algo that is simple and semi predictable that I can just run in the background.

This algo might just be that. These are the results over the last year, which is arguably it’s best time frame, but its still solid over the last 6 years as well and tracks relatively closely to buy and hold. I’m not going to spill the exact risk management involved, but it’s only got two types of trades:

#1. Go Long Every Monday at the same time every Monday. No Filters no nothing. Just go long with static risk to reward.

#2 Take every IB breakout with static risk to reward based on range size.

It’s stupid simple, and tracks relatively closely with Buy and hold, which you can’t do with prop firms, but with this, you can get similar results. Without holding overnight.

Crazy how stupid simple this is and it lowkey works 🤦🏽‍♂️

I hopped on the charts this morning, I usually like to let a few minutes pass after market open so I don’t get hit with stupid slippage and can get a little bit of a read on the market. I’m a scalper, so the first hour is my favorite because of the quick moves.

However I saw a decent setup at 9:30:30, took it it with 1 NQ, it went straight to TP for $400 in 1 second, closing me out at 9:30:31.

Clicking a button and making $400 in 1 second is just a wild thought, but that’s the dream right there.

Calling it a day there though because I’m coming off a rough day yesterday where I blew my lucid direct and this was my second day on my lucid flex funded, so all I need is three more $150+ days for a payout.

This is a long one, but just need some guidance and direction from people that have gone full time trading.

I just hit my seventh green day in a row on my Lucid Direct, which qualifies me for a payout and will put me at $6,707 received so far this month between all of my accounts with $861 spent on evals, netting me $5,846 and the month is only half over. I only have 1 funded right now because I blew my Topstep and lucid flex funded a last week, and have 4 active Evals, 2 are running an algo I Built and 2 are halfway passed.

I started day trading in December and have spent $13.4k on evals, indicators, training etc. since then, and I’ve made just shy of $11k in payouts, so i’m getting close to finally breaking even and being profitable on all of this. (From Feb 1 to today I’m profitable overall, but I went crazy with eval purchases in January with no payouts)

I also run my own marketing business from home as my “day job”, but it’s starting to suffer some since I’ve been focusing so much on trading. It’s still making enough to cover my basic expenses, but not much more than that. Some months are better than others, but it’s slowly shrinking since I haven’t been giving it much attention. I’ve been so focused on learning trading.

I say all of this to provide some background, but I still feel like I’m gambling.

I’ve bought trainings, indicators, and discord groups for VWAP, STD Deviation, OTE, ORB, algo trading, and I’m sure something else I’m forgetting.

I’m getting addicted to these payouts, and am ready to commit to this because I’ve got a glimpse of how amazing it is to make almost $7k in two weeks with just 3 accounts and really only trade for like 1hr/day.

My issue is that I’ve consumed so many strategies and understand the concepts of them all, but I haven’t really stuck to any one strategy long enough to gain conviction in it and put my faith into it. I want to be able to copy trade 3-5 accounts and then eventually even more, so I can turn that into $20k-$30k per month, but am so hesitant to do that without a set strategy.

I personally like scalping between 9:30 & 10:30 because I can catch 20-30 point moves with 1 NQ contract and make decent money quickly, but you can also lose it just as fast. I want to be able to trade for 1hr or so, make some money, and get off the computer and not think about it.

I’ve recently started using a renko chart and a basic renko reversion and breakout strategy based on ADX. I think I really like this combined with a standard candle chart so I can see the real price action and VWAP levels mixed with the noise free data from the Renko.

I need to do some analysis or testing or something to gain more conviction in my style, but also don’t know how to backtest Renko. I’m thinking about just scaling down to micros for next week just so I can test my strategy a little more worry free with no major risk to just collect data and notice structural patterns, but don’t know the best way to go about this.

How should I go about crafting the strategy that works for me while also testing it to make sure it can hold up to the test of time.