Saaa-wing batter

[Gringotts Bank]

closed returns

AOG +2%
EML +2% (sold at 1.59 today)
SSM +6%

Most of the open trades are in negative territory. PRG did exactly what the system predicted - just drew the lines manually and placed them incorrectly. Have coded the lines to avoid a repeat of this.

Most of the gold stocks weren't added at close, apart from PRU which broke out.

 

[Gringotts Bank]

Sold ING - too slow to move.

break even.

 

[Gringotts Bank]

Add APE and RMS at close.

 

[Gringotts Bank]

Sell RMS

+2%

Some targets are very close to the entry. Others aren't.
Win rate has to be very high for this approach to work.

A pattern emerging - those stocks which have met the target quickly tend to power on.

 

[Gringotts Bank]

Add AWC MTR and SLC at close

 

[Gringotts Bank]

Open:
NCK @ 7.44
AKP @ 16.45
PRG - fat finger
IPH @ 4.98
CIM @ 38.66
SBM @ 2.86
ECX (not EXC typo) @3.9
EVT - fat finger but let's see how it goes
SIG @ 1.29
AWC @1.845
MTR @ 3.07
SLC @ 2.48

closed:
AOG +2%
EML +2%
SSM +6%
RMS +2%
ING 0%

 

[Gringotts Bank]

sell SBM 3.09
+8%

 

[tech/a]

Quick to sell winners
Slow to sell losers.

I prefer the opposite.

 

[Gringotts Bank]

Quick to sell winners
Slow to sell losers.

I prefer the opposite.

True. That's why it needs a very high win rate. Average loser is bigger than the average winner.

Stops are always at the most recent low pivot (close<pivot). Profit targets are calculated at entry. Not going to do position sizing calcs on here but that will affect things further.

 

[tech/a]

Do you know the average win rate?
Do you know the average win size in terms of R
Do you know the average loss in terms of R.

Or is this a wing it exercise in Hypotheticals.

What if you swapped to selling losers really quickly --even if they return to B/E before
they hit a stop
and you hold winners to at least > an R multiple that reflects a loss R multiple?

You may position size with a 1-2% stop but by ratcheting you could end up with
.5% in reality.
Much easier to profit .

Just an Idea as the duck flies by.

 

[Roller_1]

Have you backtested this GB?? or are you winging it?

Just saw your post Tech beat me to it =|

 

[Gringotts Bank]

Have you backtested this GB?? or are you winging it?

Just saw your post Tech beat me to it =|

If what I do here looks reasonable, then I might spend the money to get it coded to the point where it can be backtested. The job is far too complicated for me. I have it coded to the point where the lines are plotted as I need them... then I just do the rest manually.

What I was looking for initially was a system that allows me to trade higher turnover stocks, since my reversion systems (for midcaps) began to suffer far too much from slippage. With reversion systems on the ASX, you only need a few people to know where the turning points are to make things difficult. Depth can suddenly get very thin at the very point you need to enter.

 

[Roller_1]

If what I do here looks reasonable, then I might spend the money to get it coded to the point where it can be backtested. The job is far too complicated for me. I have it coded to the point where the lines are plotted as I need them... then I just do the rest manually.

What I was looking for initially was a system that allows me to trade higher turnover stocks, since my reversion systems (for midcaps) began to suffer far too much from slippage. With reversion systems on the ASX, you only need a few people to know where the turning points are to make things difficult. Depth can suddenly get very thin at the very point you need to enter.

What orders are you using on your reversion systems to get the slippage issues? i use LMT orders so that helps, you may get a partial fill or missed trade evry now and then but not too bad. Works well. Then i exit on the open in the auction so i've always had the opening price

 

[Gringotts Bank]

What orders are you using on your reversion systems to get the slippage issues? i use LMT orders so that helps, you may get a partial fill or missed trade evry now and then but not too bad. Works well. Then i exit on the open in the auction so i've always had the opening price

Limit contingent orders.

 

[Roller_1]

Limit contingent orders.

Don't really know what you mean by that but ok

 

[Gringotts Bank]

Don't really know what you mean by that but ok

contingent = conditional

 

[Roller_1]

i wa

contingent = conditional

i was talking about the other bits to that post, did you edit it? or maybe i was seeing things

 

[Gringotts Bank]

i wa

i was talking about the other bits to that post, did you edit it? or maybe i was seeing things

oh yeh, I just allow one or two price steps on top of the limit. Last price + a buffer.

 

[Roller_1]

oh yeh, I just allow one or two price steps on top of the limit. Last price + a buffer.

How can slippage occur if you're using a LMT order

 

[Gringotts Bank]

How can slippage occur if you're using a LMT order

A thin market. Wide spreads. Remember I'm using contingent orders, so they will trigger when I'm not watching. You get a tiny fill and it takes off, leaving you with an annoying parcel to offload.