I have not been commenting much on this thread as I am now in the process of writing a second system based on this concept. The strategy seems to be performing within expected ranges thus far.
I put a FREE system on collective2 last week to monitor the trades/progress. Today marks only the third trade taken in the system since putting it up. 2 small losers and 1 very large gain. The gain today was bigger than it should have been. A glitch in program code caused it to open double the # of contracts that it should have. So the profit should only be half.
I will continue to leave this system running for a while to gauge how this type of system performs going forward. At the same time I will continue working on a "basket" of similar systems built around different instruments. The next system is targeting ES.
I will continue posting updates periodically concerning performance, and tweaking ideas. As well as answer questions. However, if you want to know most day to day statistics refer to the system page.
Link: http://www.collective2.com/cgi-perl/system50408036
I put a FREE system on collective2 last week to monitor the trades/progress. Today marks only the third trade taken in the system since putting it up. 2 small losers and 1 very large gain. The gain today was bigger than it should have been. A glitch in program code caused it to open double the # of contracts that it should have. So the profit should only be half.
I will continue to leave this system running for a while to gauge how this type of system performs going forward. At the same time I will continue working on a "basket" of similar systems built around different instruments. The next system is targeting ES.
I will continue posting updates periodically concerning performance, and tweaking ideas. As well as answer questions. However, if you want to know most day to day statistics refer to the system page.
Link: http://www.collective2.com/cgi-perl/system50408036