Results for the week ending July 18th: (live accounts, 1 contract each)
- Basic TM (v04, all patterns): 3 losses ; net -1910
- Alternate TM (v05, patterns 151+152+153+154): 1 win ; 1 loss ; net -390
Not a good week, especially for the BasicTM. I was running v05-beta on my AlternateTM account, which got out of the last trade sooner than v04, and saved about 300.
Upon close inspection of price-action following the Long entry overnight Friday, I did find that the immediate price-reaction up did reach the level required for the BasicTM exit, but the volume traded in that reaction wasnât enough to validate a bona-fide trend-change, which is used as dynamic exit-signal (the volume filter is a protection against the famous & numerous spikes in CL). This is a âday-oneâ issue which went unnoticed until today â there were only similar 5 occurrences in the 7+ years / 1600+ trades (pattern 151 only) backtest.
I have fixed that issue in v05.b which was released Friday evening, adding a specific dynamic-exit signal which in the future will ensure the same trade would be exited as soon as the volume condition is met, and price is seen having reached or exceeded the level required before the volume condition was met.
In consideration for this software bug and its impact on that tradeâs outcome, I have decided to provide one month of CL151 subscription free of charge for all current CL151 clients.
On the bright side, I did release Friday CL151 v05, which adds 2 new patterns (302 & 152), 1 new filter to patterns 150 & 151 each, and 1 "early-exit" signal when a CT trade sees a strong trend develop against it. This new version achieves higher performance metrics than v04 on a higher trade count. The website has been updated with v05 information.
Have a good week-end,
Dominique
- Basic TM (v04, all patterns): 3 losses ; net -1910
- Alternate TM (v05, patterns 151+152+153+154): 1 win ; 1 loss ; net -390
Not a good week, especially for the BasicTM. I was running v05-beta on my AlternateTM account, which got out of the last trade sooner than v04, and saved about 300.
Upon close inspection of price-action following the Long entry overnight Friday, I did find that the immediate price-reaction up did reach the level required for the BasicTM exit, but the volume traded in that reaction wasnât enough to validate a bona-fide trend-change, which is used as dynamic exit-signal (the volume filter is a protection against the famous & numerous spikes in CL). This is a âday-oneâ issue which went unnoticed until today â there were only similar 5 occurrences in the 7+ years / 1600+ trades (pattern 151 only) backtest.
I have fixed that issue in v05.b which was released Friday evening, adding a specific dynamic-exit signal which in the future will ensure the same trade would be exited as soon as the volume condition is met, and price is seen having reached or exceeded the level required before the volume condition was met.
In consideration for this software bug and its impact on that tradeâs outcome, I have decided to provide one month of CL151 subscription free of charge for all current CL151 clients.
On the bright side, I did release Friday CL151 v05, which adds 2 new patterns (302 & 152), 1 new filter to patterns 150 & 151 each, and 1 "early-exit" signal when a CT trade sees a strong trend develop against it. This new version achieves higher performance metrics than v04 on a higher trade count. The website has been updated with v05 information.
Have a good week-end,
Dominique