Intraday Dow, Sp500, Nasdaq and Nasdaq100
- Thread starter dan05
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Hello Dan and good morning from edinburgh.
I came acroos your thread while looking for info on the programme you discuss and would like to say a big thanks for your objective assessment and close monitoring which I found extremely helpful.
From your reports it would appear to be reasonably steady and sometimes amazingly accurate with its daily predictions. The main downside would seem to be on the big-news days where if there is any unpredictable data it scuppers the system for a while.
As you have been studying the system for some time now would you care to give me your overall impression of it in terms of ease of use, timing of predictions in relation to market (would probably start using it with the FTSE), system's suggested stops etc., and overall profitability.
If anyone else on the thread has any comment or advice it will be welcome. many thanks in advance.
I came acroos your thread while looking for info on the programme you discuss and would like to say a big thanks for your objective assessment and close monitoring which I found extremely helpful.
From your reports it would appear to be reasonably steady and sometimes amazingly accurate with its daily predictions. The main downside would seem to be on the big-news days where if there is any unpredictable data it scuppers the system for a while.
As you have been studying the system for some time now would you care to give me your overall impression of it in terms of ease of use, timing of predictions in relation to market (would probably start using it with the FTSE), system's suggested stops etc., and overall profitability.
If anyone else on the thread has any comment or advice it will be welcome. many thanks in advance.
Hello dunedin, hello edinburgh !
Thank you for your kind words. In fact the board has been very helpful to me during my due diligence process.
Your view of the system is correct. The impact of news on the market disturbs its inner dynamics during some time. After a while the market recovers the intrinsic dynamics which this system predicts. As you might imagine, depending on the type of news, the market disruption could me mayor or minor. For example, after the US presidential elections apparently several big market players started building large positions. This attitude did not respond to the market dynamics. It took the system 4 days to recover the normal prediction quality. As another example, generally every time there is a FOMC meeting, the system predicts the right way all the path till 10 minutes aprox before the announcement. During the announcement there are big oscillations and some times, the market incredibly ends at the same prices predicted 6.5 hours before. With certain FOMC outcomes, the market not only never recovers, but disturbs the inner dynamics for the next day. Eg. When the FED stopped rising the rates.
With respect to your questions.
1. The suggested Stop loss of the system, is to use the same level of the expected profit. Some times, this might me too large, and you will find yourself supporting too much heat. I tend to use, half of the predicted profit, but Iâve some time get stopped due to a large oscillation, and then the market recovers to the predicted path, and auto system makes money, and my tighter stop loss management computed a loss. Basically the system does not fear! And the odds and statistics are on its favor. But as you might have noticed from the results published by the company drawdown are some time too large for some pockets. Any way this is more a money management problem than a market prediction problem.
2. The overall profitability has been amazing so far. Iâve been able to achieve aprox an average of 16% monthly. I could do better with greater leverage, basically buying more contracts. But so far so good for my system due diligence.
3. With respect to FTSE, Iâve seen better prediction for Europe than for the US. It seems that Europe is a less disturbed market, and tends to follow the basic market dynamics.
Any other user that trades tradingpro.com Europe signals might have a better opinion than my self.
Last but least, the rumor with respect to www.tradingpro.com suspending their signaling service was confirmed by the company with an email to their users. On OCT 1, they will limit the number of users the their current user base, and only offer an eSignal Add-On, that does not provide you with the direct entry/exit trades. Iâve been testing the AddOn for some time, and it is great if you are a TA Trader, as you will be able to add your own studies and anticipate when they are about to fail, or even identify fake signals but it will be more expensive than current service. You will no longer have access to trades as I post them. Anyway this could or could not be an advantage for your own trading style.
Hope this information helps you.
Have a nice trading day.
Dan
Thank you for your kind words. In fact the board has been very helpful to me during my due diligence process.
Your view of the system is correct. The impact of news on the market disturbs its inner dynamics during some time. After a while the market recovers the intrinsic dynamics which this system predicts. As you might imagine, depending on the type of news, the market disruption could me mayor or minor. For example, after the US presidential elections apparently several big market players started building large positions. This attitude did not respond to the market dynamics. It took the system 4 days to recover the normal prediction quality. As another example, generally every time there is a FOMC meeting, the system predicts the right way all the path till 10 minutes aprox before the announcement. During the announcement there are big oscillations and some times, the market incredibly ends at the same prices predicted 6.5 hours before. With certain FOMC outcomes, the market not only never recovers, but disturbs the inner dynamics for the next day. Eg. When the FED stopped rising the rates.
With respect to your questions.
1. The suggested Stop loss of the system, is to use the same level of the expected profit. Some times, this might me too large, and you will find yourself supporting too much heat. I tend to use, half of the predicted profit, but Iâve some time get stopped due to a large oscillation, and then the market recovers to the predicted path, and auto system makes money, and my tighter stop loss management computed a loss. Basically the system does not fear! And the odds and statistics are on its favor. But as you might have noticed from the results published by the company drawdown are some time too large for some pockets. Any way this is more a money management problem than a market prediction problem.
2. The overall profitability has been amazing so far. Iâve been able to achieve aprox an average of 16% monthly. I could do better with greater leverage, basically buying more contracts. But so far so good for my system due diligence.
3. With respect to FTSE, Iâve seen better prediction for Europe than for the US. It seems that Europe is a less disturbed market, and tends to follow the basic market dynamics.
Any other user that trades tradingpro.com Europe signals might have a better opinion than my self.
Last but least, the rumor with respect to www.tradingpro.com suspending their signaling service was confirmed by the company with an email to their users. On OCT 1, they will limit the number of users the their current user base, and only offer an eSignal Add-On, that does not provide you with the direct entry/exit trades. Iâve been testing the AddOn for some time, and it is great if you are a TA Trader, as you will be able to add your own studies and anticipate when they are about to fail, or even identify fake signals but it will be more expensive than current service. You will no longer have access to trades as I post them. Anyway this could or could not be an advantage for your own trading style.
Hope this information helps you.
Have a nice trading day.
Dan
Hi Guys,
Please find attached the results for the day.
Not bad so far.
Please also consider that I've included the Russell in the Stats, and will be including it from now on.
Take care.
For the Swing traders check this thread I've started on the 15 th.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=76902&perpage=6&pagenumber=1
Please find attached the results for the day.
Not bad so far.
Please also consider that I've included the Russell in the Stats, and will be including it from now on.
Take care.
For the Swing traders check this thread I've started on the 15 th.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=76902&perpage=6&pagenumber=1
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