YM Traders
- Thread starter volente_00
- Start date
Eastern time
T day is $$$$$$$$$$$$!
some days I got 20, some days 80, and on rare days 200 plus.
My goal was always 20 a day, but sometimes the market gives more and sometimes you go home -20.
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Porgie;
Yes ,would agree that price is more important than time with derivatives;
however that doesn't change the fact that while I could open a position last half hour, usually close them by then.
And while i would like to see all the backtests/computer tests confirm the wisdom of me not entering the last half hour;
simply prefer plenty of time for a trend.
Especially since might not get original price target, in a small time frame.
People are more likely to comment on a nutshell summary of a backtest;
more likely to comment on a nutshell summary , than open a unmarked package from someone with no return adress,Monarc.
Porgie if you ''have time'' let us know how the lower tick NQ trends;
some body has to be the guinea pig.
Murray,
I was not trying to prove anything here. I just thought of backtesting the 9:30 reversal strategy. THe 2005 DEC contract was hugely profitable as it was shown in the excel sheet. I think it was around 70 points. I know it is NOT big, but comparitvely for a mechanical strategy, I think it is OK. There was only ONE contract which made losses with this strategy. I do believe that with some modifications to the strategy, we can be profitable. The excel sheet also shows the number of times the long and short stopped out. If you see that out of 63 days in each contract, there were no more than 20 days wherein the stops were hit. Infact, some of the contracts had only 8 days where stops were hit.
I am almost done with subjecting this to a Genetic Algorithm and picking up the right Standard Deviation threshold, Long Profit number and short profit numbers and STOP Loss numbers that would maximize the profits for each contract.
Also, I do have a way to quantify randomness as was suggested by another member here.
Porgie: I am long on YM from 11180. Up by 50 points already....
I was not trying to prove anything here. I just thought of backtesting the 9:30 reversal strategy. THe 2005 DEC contract was hugely profitable as it was shown in the excel sheet. I think it was around 70 points. I know it is NOT big, but comparitvely for a mechanical strategy, I think it is OK. There was only ONE contract which made losses with this strategy. I do believe that with some modifications to the strategy, we can be profitable. The excel sheet also shows the number of times the long and short stopped out. If you see that out of 63 days in each contract, there were no more than 20 days wherein the stops were hit. Infact, some of the contracts had only 8 days where stops were hit.
I am almost done with subjecting this to a Genetic Algorithm and picking up the right Standard Deviation threshold, Long Profit number and short profit numbers and STOP Loss numbers that would maximize the profits for each contract.
Also, I do have a way to quantify randomness as was suggested by another member here.
Porgie: I am long on YM from 11180. Up by 50 points already....