Emintrader trading system

Hi Emintrader,

Thanks for sharing your interesting system with us!

I have a simple question I hope you can answer.

Is there a time of day after which you would not place a trade?

For example, if a stock hits the buy entry price 5 minutes before the close, I assume that you would not want to buy it, since there is so little time left.

What about 30 minutes or 1 hour before close? Does any of this matter? Or would you just execute the rules and buy regardless, and just sell at the market close?

Thanks for your advice!
 
2009-05-22:
HCBK : L5 = 1,6393%
MRVL: L5 = 2,0369%
RIMM : L5 = 2,493%
JNPR : L5 = 1,6771%
SCHW : L5 = 1,5808%


FSLR: L5 = 2,4941%
SKF : L5 = 3,8329%
 
Hi yrbium and thanks !

I give you my basic system. It is all mechanic. That's was my goal. After, you can add some other rules. And you are right, it is better to not place an order just 5 minutes before market close ! If it can be automated it is fine..

Your request is very interesting. Good question. This subject can be analyzed. Personnally i do not trade before 30 minutes of market close. But perhaps 1 hour is a better choice. I do not made enough research to give you more precisions.

Best regards!
Emintrader
 
Hi Emintrader,

Thanks for this wonderful system. Keep posting those L5 values.

I have a couple of question:
1. Can the stop loss be adjusted like making it a trailing stop order so as to limit the loss?
2. Can these L5 percentages be applied to the short side, by simply computing the prices for the short?

And a request, can you post the L5 values for a few more stocks? I can recommend a few if you indulge me.

Thanks a ton, buddy. Hope your trades go well.
 
Hi MegaDeth,

And thank you for your support !:) It is always a pleasure...


1. Can the stop loss be adjusted like making it a trailing stop order so as to limit the loss?
More...


YES...You can do all you want. You are free to adapt each system at your own habits of trading.


2. Can these L5 percentages be applied to the short side, by simply computing the prices for the short?
More...


YES


can you post the L5 values for a few more stocks?
More...


NO. Sorry...It takes me a lot of time to keep my journal alive.

Hope your trades go well too !!!:)
 
2009-05-25:
HCBK : L5 = 1,6393%
MRVL: L5 = 2,0369%
RIMM : L5 = 2,493%
JNPR : L5 = 1,6435%
SCHW : L5 = 1,5808%


FSLR: L5 = 2,3157%
SKF : L5 = 2,9328%
 
2009-05-27:
HCBK : L5 = 1,6393%
MRVL: L5 = 2,0369%
RIMM : L5 = 2,493%
JNPR : L5 = 1,6435%
SCHW : L5 = 1,5808%


FSLR: L5 = 2,3157%
SKF : L5 = 2,9328%
 
2009-05-28:
HCBK : L5 = 1,6393%
MRVL: L5 = 2,0369%
RIMM : L5 = 2,493%
JNPR : L5 = 1,6435%
SCHW : L5 = 1,5808%


FSLR: L5 = 2,3157%
SKF : L5 = 2,9328%
 
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