Opening Orders - 2008

7 fills / 5500 shares

4 long / 3 short / + 245.00

...........................

backtesting on this strategy is a non entity...

just use small orders on a small group of stocks and work from there...

this works due to singular events on the opening...the exact thing you would filter out in backtesting...

just my 2 cents....
 
Quote from RhinoTrader:

i know this is a very simplistic approach but, if the entry really has any edge, it should play out. generally the favouable news events should average out the unfavouable news events over time. the time-out exit should have no positive or negative edge.
More...

good news gives you a small pop....

bad news beats you to death...they do not balance out...

little wins...very, and i mean very painfull loses...

trust me i know...
 
Quote from chiguy:

good news gives you a small pop....

bad news beats you to death...they do not balance out...

little wins...very, and i mean very painfull loses...

trust me i know...
More...

thanks for the feedback chiguy

irrespective of my broader back-testing findings, i will most likely try forward testing the strategy in small size. my office is negotiating equity trading comms etc now (we are primarily a futures house) and, once sorted we'll get the show on the road.

i'll let you all know how things progress. i enjoy reading this thread.
 
Ug. Unfortunately my wins today came on small positions and I was a bit too patient with the losers.

5 long, 2 wins 3 losses, -948, 3300 shares

On a three week slump with this strategy. Maybe March will bring better results.
 
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