CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
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Ok, lets move on, we're not going to trade a mechanised system intraday right?
Sorry I can't see how Nick has put the Intra_day V EOD to rest
If Anything he has thrown it into complete Chaos suggesting that ONE can or should trade 3 -4 markets at any one time 24 hours a day
This is Madness and Lunacy if you ask me?
I find that my EDGE is that I put the hard yards well before the ASX opens
I wake up the birds and prepare for each day
I set my "open " orders and a few continency orders
"The Wind Calls the Tune " and I go off and play some golf and freshen up for another day at sea on the ASX in the morrow
Only this form of sailing gives you the stamina and technique to last out any year and then year on and year out
The downfall of course is you must love waking up the birds
I enjoy it and it is truly wonderful to stidy the Global Exchange when she stands still for only a few moments
That is my edge!
How anyone could do the necessary preparations for 3 time zones is beyond me and I congratulate anyone who says they can
Salute and Gods speed
PS I do some Intra-day trading when the weather outside is miserable but play the market more like a the pokies /Casino with small funds
I never invest real funds on an Intra-day whim!
So do we all think that EOD would be the best for a mechanical system?
I think since you started this thread, you've got the right to make decisions on the goals of the system. This type of thread won't work as a democracy.Ok, lets move on, we're not going to trade a mechanised system intraday right?
So do we all think that EOD would be the best for a mechanical system?
Also, thanks Nick, for your input as well, i'm sure everyone would be very appreciative of your comments here anytime.
So EOD...
What about CFD's, as Wayne has brought up before there is the issue of counter party risk, could this be an issue?
Are we better to just look at margin on stocks?
Cheers,
..I set my open orders and a few continency orders
The Wind Calls the Tune ..
I am currently tracking a system called The Three By Two System:
This is a simple long only system that buy's stocks after a down streak and sells them after an up streak. Back to back purchases on the same stock are possible.
BUY: If a stock goes down 3 days in a row, BUY at the open the next day
SELL: If a stock that the system is long closes up 2 days in a row, sell entire long position in that stock at the next day’s open.
may not be the right one.. but we can test it out.
Mathematically a higher frequency system will win the race, but as has been said, at what cost? I certainly have no interest in sitting in front of a screen as I love my golf and fishing as well. EOD will fit the bill as Wayne has suggested. Build a system that is (a) systematic and (b) end of day so a realistic working person can operate it without placing their finances in jeopardy.
The concept of CFD/Margin/Other is not important at this stage. A system that works on EOD stock data will also work on CFD's or Margin. Get the system right and then think about how the best way to trade would be. Perhaps because the vast majority herein trades shares or some type of variable we stock to stocks rather than FX or futures.
Other aspects to now consider:
(1) Holding time (1 - 5 days, 5 - 30 days, longer?)
(2) Breakout, pull back
(3) Swing or trend following
etc etc
These answers will then lend themselves toward more important questions such as number of positions, capital required which in turn will answer the question on what instrument will then be required to trade the system.
The issue we're going to face is that everyone has a different personal makeup so everyone will automatically put forward a difference of opinion of what will constitute a better method.
Need some opinions here, what affects the decision on holding time?
I am currently tracking a system called The Three By Two System:
This is a simple long only system that buy's stocks after a down streak and sells them after an up streak. Back to back purchases on the same stock are possible.
BUY: If a stock goes down 3 days in a row, BUY at the open the next day
SELL: If a stock that the system is long closes up 2 days in a row, sell entire long position in that stock at the next day’s open.
may not be the right one.. but we can test it out.
I am currently tracking a system called The Three By Two System:
This is a simple long only system that buy's stocks after a down streak and sells them after an up streak. Back to back purchases on the same stock are possible.
BUY: If a stock goes down 3 days in a row, BUY at the open the next day
SELL: If a stock that the system is long closes up 2 days in a row, sell entire long position in that stock at the next day’s open.
may not be the right one.. but we can test it out.
Hi Can,
In my opinion, the holding time depends on the behaviour of the stock.
If the stock behaves [ie. uptrend], i cant see why you cant hold it for 1yr+ or however long the trades allows.
Most of my big winners are all long-term trades.
Sure, it doesnt give you the rush of daytrading, but you get the results.
Interesting system, looks good in theory, dunno about in practice though.
Typical bullmarket system though. BUY instructions assume the markets has an upward bias.
CFD's IMHO is a mugs' game
As always I only speak for myself
I have only been in this forum for a relatively short time but have noticed the Great calibre of seaman we have here on this forum and their lack of interest in CFD's
Maybe they also agree with me that CFD's are for mugs and pretenders
Salute and Be Well
Ok, so we're EOD, done then.
What about holding time then, does this warrent consideration for the market conditions? Or is this something that does not apply as we will test it through various market conditions?
To me, on my limited experience and knowledge, it would seem that a shorter time frame would pick up more signals i.e. we're looking for shorter swings....but is that really true?
Need some opinions here, what affects the decision on holding time?
Cheers,
Given TT is well documented here and elsewhere already, my vote is to design a system that is shorter term in nature so we don't cover old ground...
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