Long ES @ 1396.25, Target 1406.25, Stop 1386.25.
Not looking like a winner today, unless Big Ben announces QE3.
Not looking like a winner today, unless Big Ben announces QE3.
A Very Simple System...
- Thread starter keeptradin'
- Start date
Quote from keeptradin':
Long ES @ 1396.25, Target 1406.25, Stop 1386.25.
Not looking like a winner today, unless Big Ben announces QE3.
Covered ES Long @ 94.25, -2. Cumulative P/L: -2.75. (Twelve trades).
Thought it would be worse than it was today, low volume/narrow range on the last day of the month. Tomorrow should be busier.
Your system is a little too simple. You need to add something to it to give yourself an advantage, or you will just always end up breaking even. (buy hey...with that system at least you are doing better than most traders!) 
I would suggest maybe increasing risk/reward ratios, so that when you do win, its more than you lose. Or forget about the buy on open and do a little trend following to give you a bit of an advantage. Sell on open if there is a trend reversal from an uptrend. Your system right now gives no advantage. In fact if you just bought & held, you would be up 16 points already. Good luck.
I would suggest maybe increasing risk/reward ratios, so that when you do win, its more than you lose. Or forget about the buy on open and do a little trend following to give you a bit of an advantage. Sell on open if there is a trend reversal from an uptrend. Your system right now gives no advantage. In fact if you just bought & held, you would be up 16 points already. Good luck.
Quote from peilthetraveler:
Your system is a little too simple. You need to add something to it to give yourself an advantage, or you will just always end up breaking even. (buy hey...with that system at least you are doing better than most traders!)
Thanks, I have been working on implementing some of the suggestions you have given, as well as those from others.
I decided that I would trade it for one month with the original parameters just to see what happens. After that I will add some of the filters and tweaks, and see where that goes.
Oh, and thanks for not calling it "stupidly simplistic" as others have done, it is an experiment and nothing more at this stage.
Long ES @ 92.75, Target 02.75, Stop 82.75.
Covered ES long @ 02.75, +10.
Cumulative P/L: +7.25 (Thirteen trades)
Stronger than expected PMI numbers really squeezed the shorts today.
Looks like the "talking heads" missed it completely this time:
http://www.businessweek.com/news/20...dot-probably-expanded-at-slower-pace-in-april
Your simple system is crushing, just humiliating a more complicated algo I keep track of. What is your secret? You must have the Holy Grail.
Nah, you've gotta be a CTA to get ahold of that...
Days like today make me think adding a trailing stop to maximize profits is the way to go. We've been getting an unusual number of straight up/twenty point days lately, and the VSS has been giving up alot of upside with a ten point target.
Thanks Beau, I think you've made your point.
Looking forward to those YTD numbers for your "Quant Master" system after your "Awesome April". All the stuff I can find curently shows you're doing worse than this "bullshit" system YTD, and much worse than buy and hold.
(Note to MODS: this is a HYPOTHETICAL example, and in NO WAY indicates the performance of a particular fund)
"Manager/Dow Jones U.S. Moderate Index/S&P 500
Past 30 days:-9.4%/0.0%/-0.7%
Past 90 days:1.5%/4.1%/6.5%
Since Inception:-15.8%/6.5%/ 6.1%
2012 (YTD):-12.0%/8.0%/11.2%"
I would post links, but I'm sure you would immediately petition to have them deleted...again.
Just remember, YOU brought the hate to the thread, and continue to bring it with your profanity and insults. I am only responding in kind. It's the Golden Rule....and Karma.