ASX day trading system!!!

J

jonnysharp

Hey guys,

can ANYONE with Tradestation or something similar please test the following and post the results;

Market: ASX200 index CFD (mirrors the actual movements)

Entry: If the Dow closes above its open, go long ASX200 on open (for example if the Dow closes above its open on Tuesday U.S time, go long ASX200 Wednesday Australia time -> because Australia is ahead of the U.S in time, e.g. on Tuesday U.S time the Dow would close at 6.30AM on Wednesday Australia time)

<opposite for shorts>

Stop Loss: 8 pts

Profit Exit: 4 pts

Bet Size: Risk 1% of A/c

<Exit position at end of day if exit or stop has not been hit>

I'm sorry I don't have testing software, but I've noticed that the ASX200 closely mirrors the DOW's movements!

Results would be great!
THANKS a heap!

Regards.
jonny.:D
 
Here's a correlation. Symbols, in case it doesn't post, are YAP and DJI.

Be interested to hear what you learn. Might also want to test an 8 or so point target. The 4, which I have used for other reasons, seems like it's within the realm of noise, if that matters - I know little about trading systems.

Geo.
 
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