Recent content by AusTrader

Thats the luck of the draw. Some days a large range days, some aren't. You can't have it both ways and I don't think it matters in the longer term. However, if you run a simple test on any volatile stock or index. Simply buy the open and place a tight stop, say 20% - 30% of the average range...

Q3: No.

I hope I can help you out. I have been systems trading for 20 years - mainly TradeStation - but use spreadheets alot. What exactly are you after?

Read the opening chapter of Tiger Wood's "How I Play Golf". The parallels with trading are quite amazing.

Theoretically more winners will smooth the equity curve. In real life however a higher win rate tends to cause a lower avg win. Larry Williams is a good example. Win/loss ratio is low so you can do lots of good trading and then get thumped by one nasty loss. Better to go for 50% win rate with a...

Never risk more than 2% per trade. Aim for a system that has a higher win/loss ratio (ie greater than 1.5) and expect a win rate around 50%. The win/loss is important, then just trade with patience. Your 2% risk will ensure you stay in the game, the win/loss will ensure you have a mathamatical...

I trade the Australian SPI, Nikkei 225 on Simex and the Hang Seng. Watch out for slippage on the HSI, it can be cruel. The SPI and N225 are correlated to a degree. The HSI runs its own race. I use CSI data for all markets.