November results attached
Simple System for Beginners
- Thread starter AnomalyResearch
- Start date
hallo AR,
I wanted to watch the trades for November.
At the first day, I have a question:
By me, the opening price at 15:30 European time (8:30 CT)
was 58490. so * 1,0033 would have been: 58683 -->58680.
Your entry was at 1:00 Central time long at market 58430.
This I don´t understand?
Tell me, when I´ve got wrong ticks.
best regards manfred
I wanted to watch the trades for November.
At the first day, I have a question:
By me, the opening price at 15:30 European time (8:30 CT)
was 58490. so * 1,0033 would have been: 58683 -->58680.
Your entry was at 1:00 Central time long at market 58430.
This I don´t understand?
Tell me, when I´ve got wrong ticks.
best regards manfred
Also the situation with the unexecuted stop.
I think, i got it, what for you ist the unexecuted stop.
when already past long market (stop 620,30)
stop long 624,50
Open 622,40
stop short 620,30
when already past short market (stop 624,50)
I thought, that
when already past long market, then stop 624,50
when already past short market, then stop 620,30.
But nevertheless, I think, the entry at 01.11.2004 was wrong, because the market did´t reach the long entry.
best regards manfred
I think, i got it, what for you ist the unexecuted stop.
when already past long market (stop 620,30)
stop long 624,50
Open 622,40
stop short 620,30
when already past short market (stop 624,50)
I thought, that
when already past long market, then stop 624,50
when already past short market, then stop 620,30.
But nevertheless, I think, the entry at 01.11.2004 was wrong, because the market did´t reach the long entry.
best regards manfred
A peculiarity of Tradestation caused the very first trade of the month to be incorrect. Thanks to Manni0805 and Macaw for pointing out the mistake. The repost is attached.
I did not want to post any remarks on the Results thread of this system, as the originator requested not to.
AR had posted a decent strategy for newbies and it seems to work. However, I am not sure but I think all the negative comments has driven AR not to publish any more. Maybe if we all keep on hankering people who post working systems here, they will stop doing so, and then the "secrets" will be safe and they can be sold for $$$$$$$
I hope more posters like AR and Sidinuk keep posting systems here. It is a great way to learn.
Thanks AR.
Maji
AR had posted a decent strategy for newbies and it seems to work. However, I am not sure but I think all the negative comments has driven AR not to publish any more. Maybe if we all keep on hankering people who post working systems here, they will stop doing so, and then the "secrets" will be safe and they can be sold for $$$$$$$
I hope more posters like AR and Sidinuk keep posting systems here. It is a great way to learn.
Thanks AR.
Maji
completely agree. And I think it's shame if AR thought he's being given any heat (I don't think so, but just in case).
Not like anyone posting "This system is no good" was stuffing AR's pockets with $$ when it was doing better, and IMO would do very well again.
Some people want to have it both ways - never works that way.
AR posted a system, and that's that. Some would take the ideas, make some small changes, and trade it (me), and then there are others who keep whining. And I am willing to bet none of the whiners are taking any of the system generated trades.. neither getting the profits not taking the hits when it doesn't do well for a while. Trading is a great spectator sport.
Not like anyone posting "This system is no good" was stuffing AR's pockets with $$ when it was doing better, and IMO would do very well again.
Some people want to have it both ways - never works that way.
AR posted a system, and that's that. Some would take the ideas, make some small changes, and trade it (me), and then there are others who keep whining. And I am willing to bet none of the whiners are taking any of the system generated trades.. neither getting the profits not taking the hits when it doesn't do well for a while. Trading is a great spectator sport.
Quote from tradermaji:
I did not want to post any remarks on the Results thread of this system, as the originator requested not to.
AR had posted a decent strategy for newbies and it seems to work. However, I am not sure but I think all the negative comments has driven AR not to publish any more. Maybe if we all keep on hankering people who post working systems here, they will stop doing so, and then the "secrets" will be safe and they can be sold for $$$$$$$
I hope more posters like AR and Sidinuk keep posting systems here. It is a great way to learn.
Thanks AR.
Maji
(Historical Intraday DD * 2 + Full margin per contract) to trade 1 contract. Try a $400 stop loss on the system. You would get better results (little), but a big decrease in DD.
You would need less if you trade multiple systems in different timeframes / different instruments. But if this is the only system you trade, then I would stick with the above calculation... say 7 - 10k per contract?
Before anyone jumps "that's too much", let me point out that the system has historically made about $15k+ per year. If it does so again, your returns on $10k margin would be 150%. If that's not enough, try elsewhere.
Mental margin to be invested : No expectation of retiring next week / month. Look at 1 - 2 years worth of equity curve to see if the system is worth trading, not yesterday afternoon's hiccup.
You would need less if you trade multiple systems in different timeframes / different instruments. But if this is the only system you trade, then I would stick with the above calculation... say 7 - 10k per contract?
Before anyone jumps "that's too much", let me point out that the system has historically made about $15k+ per year. If it does so again, your returns on $10k margin would be 150%. If that's not enough, try elsewhere.
Mental margin to be invested : No expectation of retiring next week / month. Look at 1 - 2 years worth of equity curve to see if the system is worth trading, not yesterday afternoon's hiccup.