this works with 'demo SB' - would it work with DMA?

[johnnn]

I've got a demo SB account with City Index, and my system enables me to scalp the Dow and make about 0.5% per day, doing 30 trades of about 0.08% of my bankroll per point, getting in and out usually within 5-30 seconds, rarely taking as long as 5 minutes. Compounding the return would quadruple the bankroll within a year. Where any idea of doing this sort of thing is concerned, I'm aware that SB is basically a con. I.e. no-one can possibly do this for real with an SB account. And CI has only a 1-point spread on the Dow anyway, whereas with DMA I think (??) you'd be looking at the equivalent of a wider spread. But can someone please tell me - given the above, is it worth my while trying DMA?

If so, who would people recommend - InteractiveBrokers or Prospreads or some other firm?

And is there somewhere that accepts guaranteed stop loss orders at the same time as your buy or sell order, so you're protected against disconnections etc.?

Thanks!

John

 

[rc450]

how's it look if you add 1tick to the spread.... there's the answer!
how bout firing up a dma demo?

 

[johnnn]

Going by the figures with CI, the edge would fall to a third of 0.5% with a 2-point spread, doing 30 trades per day, but even that compounds to about 50% annual profit, and doing more trades per day would be feasible using the system. Who would you recommend for DMA? Preferably where I can open a decent demo account without paying up-front and if possible with a spread type of interface because it suits my style (although not essential). Thanks!

John

 

[pboyles]

Try Global Futures for a free dma demo account.

 

[rc450]

have you tried this system on eur/usd or other markets where a 1 pip spread is the norm, worth a try as the spread on the dow will eat some of your profits.

i think velocity and amp futures (along with others) offer demo accounts although they might only be for a limited time period.

 

[johnnn]

Thanks rc and pb! The system doesn't seem to work with EURUSD - too much volatility I think. With the Dow, I'm avoiding the volatility spikes (on the Chaikin 10/10 measure), most of which last for <=10 minutes. Meanwhile the French CAC40 isn't volatile enough!