Simple System for Beginners

Quote from Samson77:

Well I wasn't watching for 4:00 precisely but that was +$200 (paper) for me with it today......-$5 net $195.

:D
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Do some creative adjustments (like trailing stop, averaging etc) and you'll get some pretty good results. We use similar method in one of our funds.
 
Quote from Samson77:

Well I wasn't watching for 4:00 precisely but that was +$200 (paper) for me with it today......-$5 net $195.
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Hey, you beat the Jackalopes. $200 is $200 :)
 
Also, if you use 12:00 price instead of open you'll get better results. (You do need to optimize those Entry numbers though)
 
I couldn't help but notice that the stop 0.0066 x open price yields around $350 exposure/contract right now. Not a great r/r unless the w/l is significantly better than 50% I'd think...

Questions would include:

What time do you want to use for the open?

Why 0.0033 as the band setting?

What does the total avg. range after 1pm central look like? -- I don't have any intraday on this handy.

Seems like it would be highly correlated with all equity indices. Any thoughts on how it plays out with bonds/currencies/commodities?
 
abogden,
are you using 12:00 central to measure from or eastern?
For example he was taking the entry at 1:00 central, are saying measure from the 12:00 central time or eastern?
thanks

Pierson
 
Another good question, Pierson...Thanks for clearing up the cut-off time..:)

Michael B.



Quote from pierson:

abogden,
are you using 12:00 central to measure from or eastern?
For example he was taking the entry at 1:00 central, are saying measure from the 12:00 central time or eastern?
thanks

Pierson
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Has anybody looked at the YM?

Michael B.



Quote from pierson:

On this method, is there any time you stop looking for entries? For example if it gets to be 2:56 and you would exit and 3:00 would you still take it? How long have you been watching/trading this method for?

I went through and tested this method by hand on the nq for July and August...i'm sure i'm off by a few points because it was just a quick hand backtest.

July -23 points
August +48 points

I wonder how the performance on the NQ compares with other markets. I will try to go back and see how it did on a couple more months if i get some time this week.

Thanks,

Pierson
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Also you may want to test using limit orders two points back from the trigger price. You'll get less trades you may end up taking more on each trade.

Runningbear
 
Quote from AnomalyResearch:

Any System advocated by a "teacher" could be evaluated by the following matirix:

Blame/Praise Matrix:
To be completed after x days of evaluation:

1). Teacher posts profits/Students posts profits : Praise Teacher
2). Teacher posts profits/Students posts losses : Blame Students
3). Teacher not posts/Students post profits : Praise Teacher
4). Teacher not posts/Students post losses : Blame Teacher
5). Teacher posts losses/Students post profits : Praise Students
6). Teacher posts losses/Students post losses : Blame Teacher
7). Teacher not posts/Students post profits : Praise Teacher
8). Teacher not posts/Students post losses : Blame Teacher
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You're being redundant again. :)

jj
 
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