The best long/short EOD system...

[theasxgorilla]

Hello All,

Can members please suggest what they believe is the best long/short EOD trading system.

There are plenty of EOD long only systems, obviously working a treat over the last fews years on the ASX. I'm interested to know whether people engineer separate short systems, or whether someone has a long/short system that works just like a long system turned up-side down.

Is anyone trading futures with a EOD long/short system? Same question...do you trade short like long upside down or do you apply a separate short system?

The ASX Gorilla.

 

[tech/a]

ASX

While I currently only trade long.
I have extensively tested long and short systems.
Trading short has different characteristics to long so to just stop at exit and reverse is not profitable.

 

[theasxgorilla]

Thanks tech/a. I also currently only trade long and forays into trading short haven't been too inspiring, yet. I need a system!

Is it the case that the long/short, chart-flipped-upside-down thing works with say futures? Or some other market...currencies maybe?

 

[Nick Radge]

430 odd real trades (long & short) incl comm's and slippage. Can be traded with a $10,000 account. I created this in 1998. Still trades today with the same parameters.

This link should work...

RADGE

 

[reece55]

Nick
Obviously you have experienced great results here.........

Any chance in hinting to us some of the parameters in the model - understand if this is your own IP however, may be just general comments????

Cheers

 

[tech/a]

I'll add to my comments above.

On Stocks.
Futures different again.
Dont trade them.
Radge trades/ed just about everything---Should have been a grocer.

 

[theasxgorilla]

430 odd real trades (long & short) incl comm's and slippage. Can be traded with a $10,000 account. I created this in 1998. Still trades today with the same parameters.

This link should work...

RADGE

Hi Nick,

Thanks for the response. Is that single instrument ie. Hang Seng Index futures?

 

[coyotte]

SHORT TRADING :

Is definitely NOT just simply the opposite of Long Trading .

Tried It, Been There, Done It and will leave it alone for the time being -- come to the conclusion that there is a time for it and and it's NOT now .

1: the overall market MUST be in a Bear Stage
2: Same as the Sector
3: The Profit is LIMITED

A point Nick bought up is " A company has a INTRINSIC value "


But apart from the above :

Beware of SUPPORT levels : hit one of these and a stock can turn rapidly .

In a overall Bull market going SHORT on a Topping Stock and then Long is hardly worth the risk -- better to just CLOSE the position then re-enter .


Descending Triangles work well -- expressly in a Topping Stock.
Bear Flags can work if the Stock is already DOWN .

You can find a list of of allowable SHORTS on the ASX site , along with the percentage that the alotted amount has been used (sure there is a system in this)


One of the main benifets of doing SHORTS for a period of time , is it brings around a change in your mindset -- when looking at a entry into a LONG position , you also become aware of the downside risk in a new light --- this alone is worth the exercise

BUT I think the key is to be aware of is the support areas (Log , Fib, Ew , etc)


Cheers
Coyotte
















intrinsic

 

[theasxgorilla]

A point Nick bought up is " A company has a INTRINSIC value "

Meaning that the value of the share, theoretically, should not go to zero?

 

[theasxgorilla]

Nick,

This is exactly what I'm looking for. Trading a single instrument (like an index), long and short, with NO intraday trading.

Terrific results. I'm not sure how much I'm permitted to ask... Does it use leverage? SPI Index Futures, or CFDs?

The ASX Gorilla.