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daily signals for trading profits / Analysis for Thursday the 28th February


smoke907

user
posts: 3
#10 - Sent: Thursday, 2008. February 28. 17:48 - [profile]
Wish I could help you, but I bet w/ the parameters you've set that they could be easily backtested on TradeStation or even Fibtrader.  If you did, you could probably find the "sweet" spot.  For example, what if you eliminated all signals that didn't show at least 40 profit? or 50? or 60?  Since you are using a daily close somehow, you could go back a long ways and give yourself alot of confidence you really had something.

[Reply to post #9]
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lexcorp

forum admin
posts: 9
#9 - Sent: Thursday, 2008. February 28. 15:11 - [profile]

Hiya. The number are the profit/loss for signals.

The last entry should read 60 and not 80. That's my mistake. I confused myself because i personally closed the trade with 8 handles profit and I took the numbers directly from my spreadsheet and posted them in the thread.

 

I trade with a spreadbet company.

6 handles is the same as 60 points on the DOW. 

 

 
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smoke907

user
posts: 3
#8 - Sent: Thursday, 2008. February 28. 15:03 - [profile]

I'm not understanding your numbers ----- are they the profit (or loss) targets or the maximum gain/loss?   i.e. thursday target 6pts (24ticks es or 60ticksSP)  but recorded as 80 in your series.

Not to complicate things but you might take a look at 30-yr Bonds (ZB) for the INVERSE relationship.  Not as prone to whips because the market is much deeper --- especially in overnite US  Don't let me sidetrack you, but you might want to take a look



[Reply to post #7]
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lexcorp

forum admin
posts: 9
#7 - Sent: Thursday, 2008. February 28. 14:18 - [profile]

WE HAVE LIFE!

I KNOW THE R/R LOOKS BAD. WHEN REDUCING THE STOP I'VE FOUND THAT THE VOLATILITY OF THE INSTRUMENT ALMOST GUARANTEES THAT ONE GETS STOPPED OUT AND THEN THE MARKET GOES IN THE PREDICTED DIRECTION.

THESE ARE THE RESULTS OF THE LAST 50 ODD DAYS. WE HAVE HAD 16 SUCESS DAYS IN A ROW WHICH MAKES ME NERVOUS OF A SYSTEM FAILURE DAY SOMETIME SOON, BUT WE'LL HAVE TO WAIT AND SEE.

87 5 151 85 30 24 30 30 30 30 30 -130 30 30 30 -150 60 30 60 80 60 80 60 60 -90 30 30 30 30 90 70 -150 30 30 50 30 -150 30 30 30 30 -110 80 80 30 30 30 30 30 30 30 30 30 30 30 30 30 60


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smoke907

user
posts: 3
#6 - Sent: Thursday, 2008. February 28. 14:08 - [profile]

Nice call ystrdy, but you're right ------ the R/R seems terribly out of balance.

Wish you the best and I'll keep following your updates.
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lexcorp

forum admin
posts: 9
#5 - Sent: Thursday, 2008. February 28. 09:50 - [profile]

CAN SOMEONE DO ME A FAVOUR AND POST SOMETHING SO THAT I KNOW PEOPLE ARE ABLE TO VEIW THESE POSTS.

 

CHEERS. 
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lexcorp

forum admin
posts: 9
#4 - Sent: Thursday, 2008. February 28. 09:17 - [profile]

OK, IT LOOKS LIKE OUR TARGET WAS HIT THIS MORNING AT 6.30 AM (UK TIME) GIVING US 6 HANDLES PROFIT.

 

THAT'S OUR WORK DONE FOR THE DAY. 
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lexcorp

forum admin
posts: 9
#3 - Sent: Wednesday, 2008. February 27. 22:00 - [profile]

MARKET JUST CLOSED AT 1379.1

 

SYSTEM HAS TRIGGERED SHORT WITH A TARGET OF 6 HANDLES.

 

SO SYSTEM IS SHORT HERE  AT 1379.1 WITH LIMITS IN TO COVER AT  1373.1
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lexcorp

forum admin
posts: 9
#2 - Sent: Wednesday, 2008. February 27. 19:26 - [profile]

I WILL BE USING THE S&P CASH PRICE FOR THE CALLS.

 

THE SYSTEM HAS MADE JUST OVER 1000 POINTS IN THE LAST 40 DAYS OR SO. THE TARGETS ARE USUALLY AROUND 3 HANDLES DEPENDING ON THE SIGNALS. STOPS ARE USUALLY AROUND 11 HANDLES.

 

DESPITE THE ADVERSE RISK TO REWARD RATIO, THE SUCCESS RATE THUS FAR HAS MADE THIS SYSTEM HIGHLY PROFITABLE.

 

I AM NERVOUS ABOUT DOING THIS BUT I HAVE BEEN ENCOURAGED TO DO SO AND FEEL I HAVE NOTTHING TO LOSE IN DOING SO. 

 
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lexcorp

forum admin
posts: 9
#1 - Sent: Wednesday, 2008. February 27. 17:17 - [profile]

THE SYSTEM TAKES ABOUT 10 MINUTES TO ANALYSE MY CUSTOM INDICATORS / PATTERNS AND, TAKING THE PRICE ON THE S&P AT APPROX 9.10 PM (UK TIME....10 MINUTES AFTER THE CLOSING BELL) GENERATES A TARGET PRICE THAT THE S&P SHALL TRADE AT AT SOME POINT DURING THE FOLLOWING SESSION (GLOBEX AND REAL TIME HOURS)

 AWAITING CLOSING BELL FOR NEXT SIGNAL:
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daily signals for trading profits / Analysis for Thursday the 28th February