Search results

Another great software is Genesis Financial Trade Navigator. They have a tick-by-tick replay for futures, stocks and forex for any day and timeframe you choose. Their website: http://www.genesisft.com. They do offer a $9.95 trial: http://genesisft.com/Products/product_info.asp?ID=77...

There are a few factors that you need to consider when determining the period for backtesting your trading system: Trade frequency How many trades per day does your trading system generate? It's not important how long you backtest a trading system; it's important that you receive enough...

NOT fully specifying entries, exits, stops and profit targets is the No.1 reason why traders fail. Having a trading system means having a pre-defined set of rules you have developed to guide your trading. You probably have heard the saying “Let your profits run”. Unfortunately most traders...

Dear chovi, I used many different trading platforms to automate my trading strategies, and in my opinion Strategy Runner is the most reliable. Here are a few pros and cons: Strategy Runner is server based, running directly on the PATS-Server of your broker. I don't know your personal IT...

You might want to take a look at Portfolio Merge: http://www.portfoliomerge.com/ It's reasonable priced, and I am happy with its reports and features. Markus

Yes, exactly. If the system uses a 100-period moving average then you should test it with 85, 90, 95, 100, 105, 110 and 115. It should still be profitable and variances between the results should be rather low. Take a look at the picture below. The underlying system uses Bollinger...

1. Look at the rules You can eliminate almost all losers by adding enough rules. Simple example: If you see that on Tuesdays you had more losers than on the other weekdays, you might be tempted to add a “filter” that prevents your system from entering trades on Tuesdays. Next you find...

Ardit, since you "insist" on an answer, here are my 2 cents: The first figure to look for is the Net Profit. Obviously you want your system to generate profits. The next figure you want to look at is the Average Profit per Trade. Make sure this number is greater than slippage and...

Dear Vinny, The plan is to stop selling the system when Rockwell has 100 subscribers. Purchased systems are deducted from the number, i.e. if 40 systems are sold, then only 60 systems will be leased out. Once the 100 subscribers have been reached the system will no longer be offered to the...

Dear Nana, 1.) The strategy is programmed into a DLL which resides on the PATS-Server of your broker. So you don't have to have your computer running all the time to trade the strategy; it'll trade whether you are online or offline. Of course you can log in and check the current orders...

There are a few factors that you need to consider when determining the period for backtesting your trading system: Trade frequency How many trades per day does your trading system generate? It’s not important how long you backtest a trading system; it’s important that you receive enough...

Basically there are only four exit rules: A fixed dollar amount (e.g. $1,000) A percentage of the current price (e.g. 1% of the entry price) A percentage of the volatility (e.g. 50% of the average daily movement) or A time stop (e.g. exit after 3 days) We all know that a fixed dollar amount...

Wouldn't that be great: You just subscribe to MRCI's services for $30 per month, then based on their "strategies" you tell your broker when to enter and when to exit a trade, go on a 4-week vacation and collect the money at the end of the month? :D That's a little bit too simple, isn't it? :)...

Yes, IMO the argument is wrong! Examples: A wheat spread could be profitable 14 out of 15 years, but if in the current year some tornados threaten the crop, it may behave counter-seasonal. A Heating-Oil Spread could be profitable 15 out of 15 years, but if a war threat drives prices up...

Pretzel, let me quote MRCI: When you read Moore's "Spread Portfolio" you should keep in mind that no trade management techniques are applied no consideration of money management / position sizing none of the trades were filtered in any way Take a look at the "losers" in the portfolio...

That's a fantastic move if you were long Wheat. But what, if you would have been short Wheat? That may sound strange, but maybe you are trading reversal bars; you saw one yesterday and decided to go short...? GoldTrader's Chart illustrates a good point: How to reduce risk trading spreads...

Backwardation, good choice! :) Did you take the spread? The support level was at 69.25. The spread closed at 76.5 today (see attached picture). That's a nice profit of $362.50 in just 4 days. The margin for the spread is $473, i.e. you would have made 76% based on your margin. Very...

Backwardation, GoldTrader, just for fun: I am holding the other side of the bet :) I will enter SX3-SN3 if it closes above -69.0 tomorrow (05/07/03). Markus

GoldTrader, excellent list of do's and don'ts. Thanks for your contribution. Markus

wavetrader, Usually I want to see a daily volume of 1,000 or more contracts in each underlying futures contract. Let's take an example from Thursday, May 1. I took the volume information from the CBOT website (see attached picture). Though September Soybeans have a volume of 1,413...