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Future names
- Thread starter alesanti
- Start date
Quote from Surdo:
How are you trading a contract that does not have ANY volume?
Use NQ or stop wasting your/our time.
I was asking in this forum what contract should I trade if I have predictions on NASDAQ.
Unfortunately life is always like this, I have an excelent system that predicts the Nasdaq, but the nasdaq itself cannot be traded.
I wasn't able to trade anything because I couldn't decide to trade NQ using the NASDAQ.
Please understand my struggle, this system has also predictions computed for the NASDAQ100, which surely I should use to trade the NQ, but the historical performance of the predictions on the Nasdaq index is much better than the Nasdaq100. frankly, I cannot decide myself about what to do.
Is it said that "When one hesitates, stay flat is a position".
alesanti,
Whom is your current data provider that your testing your system on whatever data???
Also, you said it yourself...the system was designed for anything.
With that said, for example...if you get a trade signal in the Russell 2000 Index...
You take the trade in ER Emini.
Therefore, regardless to what type or which Nasdaq Index your using...
A pattern signal in the Index means you take the trade in NQ.
Now...if you desire to trade something that's low volume...then do it.
Regardless to what we may think your talking about (which symbol)...
The one person that knows what your symbol is...
Your Broker.
Give your broker a call and he/she can better help you with the symbol indentifications which may be different than the symbol indentifications by your data provider unless your data provider and broker are the same.
Mark
Whom is your current data provider that your testing your system on whatever data???
Also, you said it yourself...the system was designed for anything.
With that said, for example...if you get a trade signal in the Russell 2000 Index...
You take the trade in ER Emini.
Therefore, regardless to what type or which Nasdaq Index your using...
A pattern signal in the Index means you take the trade in NQ.
Now...if you desire to trade something that's low volume...then do it.
Regardless to what we may think your talking about (which symbol)...
The one person that knows what your symbol is...
Your Broker.
Give your broker a call and he/she can better help you with the symbol indentifications which may be different than the symbol indentifications by your data provider unless your data provider and broker are the same.
Mark
This was the result of the system on the NASDAQ index today
Date Type Target Gain Entry Time Exit Time Entry Value Exit Value P&L Cumm. P&L
07/18/2006 Short 19.81 10:15 11:25 2041.17 2025.32 15.85 15.85
07/18/2006 Long 5.5 11:25 12:25 2025.32 2028.08 2.76 18.61
07/18/2006 Short 14.33 13:05 13:55 2022.85 2015.45 7.40 26.01
07/18/2006 Long 14 13:55 14:40 2015.45 2031.91 16.46 42.47
07/18/2006 Short 9.5 14:40 15:55 2031.91 2040.67 -9.50 32.97
This was the result on the NASDAQ 100 index:
Date Type Target Gain Entry Time Exit Time Entry Value Exit Value P&L Cumm. P&L
07/18/2006 Short 15.05 10:15 11:35 1468.63 1460.53 8.10 8.10
07/18/2006 Long 6.75 12:40 12:55 1461.80 1460.53 -1.27 6.83
07/18/2006 Short 11.25 12:55 13:55 1460.53 1449.56 10.97 17.80
07/18/2006 Long 9.25 13:55 14:40 1449.56 1462.12 12.56 30.36
07/18/2006 Short 8 14:40 16:00 1462.12 1471.05 -8.00 22.36
So, the Nasdaq prediction give 32 points, against 22 points of the Nasdaq100, so should I trade the NQ using the Nasdaq or the Nasdaq100 prediction?
Date Type Target Gain Entry Time Exit Time Entry Value Exit Value P&L Cumm. P&L
07/18/2006 Short 19.81 10:15 11:25 2041.17 2025.32 15.85 15.85
07/18/2006 Long 5.5 11:25 12:25 2025.32 2028.08 2.76 18.61
07/18/2006 Short 14.33 13:05 13:55 2022.85 2015.45 7.40 26.01
07/18/2006 Long 14 13:55 14:40 2015.45 2031.91 16.46 42.47
07/18/2006 Short 9.5 14:40 15:55 2031.91 2040.67 -9.50 32.97
This was the result on the NASDAQ 100 index:
Date Type Target Gain Entry Time Exit Time Entry Value Exit Value P&L Cumm. P&L
07/18/2006 Short 15.05 10:15 11:35 1468.63 1460.53 8.10 8.10
07/18/2006 Long 6.75 12:40 12:55 1461.80 1460.53 -1.27 6.83
07/18/2006 Short 11.25 12:55 13:55 1460.53 1449.56 10.97 17.80
07/18/2006 Long 9.25 13:55 14:40 1449.56 1462.12 12.56 30.36
07/18/2006 Short 8 14:40 16:00 1462.12 1471.05 -8.00 22.36
So, the Nasdaq prediction give 32 points, against 22 points of the Nasdaq100, so should I trade the NQ using the Nasdaq or the Nasdaq100 prediction?
Quote from alesanti:
This was the result of the system on the NASDAQ index today
Date Type Target Gain Entry Time Exit Time Entry Value Exit Value P&L Cumm. P&L
07/18/2006 Short 19.81 10:15 11:25 2041.17 2025.32 15.85 15.85
07/18/2006 Long 5.5 11:25 12:25 2025.32 2028.08 2.76 18.61
07/18/2006 Short 14.33 13:05 13:55 2022.85 2015.45 7.40 26.01
07/18/2006 Long 14 13:55 14:40 2015.45 2031.91 16.46 42.47
07/18/2006 Short 9.5 14:40 15:55 2031.91 2040.67 -9.50 32.97
This was the result on the NASDAQ 100 index:
Date Type Target Gain Entry Time Exit Time Entry Value Exit Value P&L Cumm. P&L
07/18/2006 Short 15.05 10:15 11:35 1468.63 1460.53 8.10 8.10
07/18/2006 Long 6.75 12:40 12:55 1461.80 1460.53 -1.27 6.83
07/18/2006 Short 11.25 12:55 13:55 1460.53 1449.56 10.97 17.80
07/18/2006 Long 9.25 13:55 14:40 1449.56 1462.12 12.56 30.36
07/18/2006 Short 8 14:40 16:00 1462.12 1471.05 -8.00 22.36
So, the Nasdaq prediction give 32 points, against 22 points of the Nasdaq100, so should I trade the NQ using the Nasdaq or the Nasdaq100 prediction?
The NASDAQ Composite is larger than the NASDAQ 100, of course u gonna gain more.
Is like saying i made 100 points in the dow, but only 10 is the S&P.
but anyway, since u are so rich, u might as well create ur own NASDAQ composite by buying/selling all the 3300 stocks.
Quote from Surdo:
Just use the NQ, and post entry/exits in NQU06 values.
The $COMPX is a BS index and represents many NON Tech issues.
Ok, thank you Surdo, I will trade the NQ using the trades generated on the nasdaq. Besides I would like to know what a BS index is and what do you mean by NON tech issues. Can you ellaborate it a bit more so a newbie like me understand better?
Quote from alesanti:
I was asking in this forum what contract should I trade if I have predictions on NASDAQ.
Unfortunately life is always like this, I have an excelent system that predicts the Nasdaq, but the nasdaq itself cannot be traded.
I wasn't able to trade anything because I couldn't decide to trade NQ using the NASDAQ.
Please understand my struggle, this system has also predictions computed for the NASDAQ100, which surely I should use to trade the NQ, but the historical performance of the predictions on the Nasdaq index is much better than the Nasdaq100. frankly, I cannot decide myself about what to do.
Is it said that "When one hesitates, stay flat is a position".
ok, ok... look at the big picture: are you being disadvantaged by trading Nasdaq100 instead of the NASDAQ???
By how much ???
Are you going to tell us that you are going to cry because you could have made $xxx more by trading a non-existant contract ???
Why don't you put copper through the system and test the outcome for the past 2 years??? You might like the performance better than the NAZ.
Tums, as I posted before, the system did today 32.97 points on the nasdaq index, at $20/point is 659 dollars per traded contract. On the nasdaq 100 index is 22.86 points, or 457 dollares per contract. I think that the difference is huge. Besides, in the past 4 months (this is the track record I have) the behavior of the prediction system on the NASDAQ was very steady, whereas the same system on the NASDAQ100 was choppy, with big drawdowns.Quote from Tums:
ok, ok... look at the big picture: are you being disadvantaged by trading Nasdaq100 instead of the NASDAQ???
By how much ???
Are you going to tell us that you are going to cry because you could have made $xxx more by trading a non-existant contract ???
Why don't you put copper through the system and test the outcome for the past 2 years??? You might like the performance better than the NAZ.
Take a look at the pictures of the gains:
http://200.110.130.2/cgi-bin/tradingpro/trades-hist.cgi?index=nasdaq
and compare with this chart:
http://200.110.130.2/cgi-bin/tradingpro/trades-hist.cgi?index=nasdaq100
Maybe they have some problem with the trading system on the N100.
Anyway I am thinking in what Nasdaq5048 said, that the Nasdaq pays more in points because it is a larger index. So in percentage should be the same. But what I should compare is the NQ values analyzed for the trades generated for both indexes. Unfortunately I don't have the historical data of the indexes to compare.
Any idea where that data can be obtained to perform a backtesting?