regarding these question.. yes, the points total per trade on the FTSE is small (NQ is another matter, and i might well have to move over to that fella for bread and butter trading)
however, looking at the numbers objectively, and realistically.
since jan 1997 we have 10,614 points from 2,000 trading days.
not that great an average...
BUT 1300 of those days had roll over trades, and 700 were SAR trades.
assuming a spread/costs of 4pts on the roll overs (conservative considering current SB pricing models)
that is 2,800 costs, less 1,000 points (approx 0.50 points per day cost of carry)
total trading costs 3800
therefore profit is nearly 7000 points net of costs since 1997.
conservative estimate.
thats not too bad is it?
also, trading with futures would reduce the SAR costs further.
this is also on the FTSE, which is one of the least profitable ones i have tested thus far.
also, i should mention, i havent coded in a stop for the SAR part of things. doubtless a stop for that would improve things somewhat, as they tend to do so for trend-following systems.
FC