Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
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- 205
Edwood from what date is that gap? That would also make for a bounce off the 50 day MA
I have an outstanding gap around 8 pts lower than the LOD, would like to see that hit really, but reasonable chance of some retrace now
gap closed then, looking a bit oversold now and a big gap about 90 points above us - any takers?
I've been working on an EOD system for a while now, back testing, forward testing and everything look's good. It is a day only system that buys the open, has both a max loss and profit stop and exits MOC if still alive.
Today I felt ready to live trade it, went long the open and what a quick trade it turned out to be...
oops! sorry to hear that Seaking
we might just be catching up on US & European correction, Aus has managed to hold up pretty well so far
I've been working on an EOD system for a while now, back testing, forward testing and everything look's good. It is a day only system that buys the open, has both a max loss and profit stop and exits MOC if still alive.
Today I felt ready to live trade it, went long the open and what a quick trade it turned out to be...
The stats for this system for the last 130 trades which is just over a year aremorning Seaking,
sucks when stuff like that happens Hope the next trade works out a little better
If you don't mind me asking, what kind of stats have you found when designing this kind of system? win rate, Max DD, etc??
It's an area I'm a bit curious about, and wouldn't mind going down that path myself(if I can find the time to build a system
[morning Seaking,
sucks when stuff like that happens Hope the next trade works out a little better
If you don't mind me asking, what kind of stats have you found when designing this kind of system? win rate, Max DD, etc??
It's an area I'm a bit curious about, and wouldn't mind going down that path myself(if I can find the time to build a system)
The stats for this system for the last 130 trades which is just over a year are
Max system DD - 13.68%
Win rate - 62%
Win/Loss - 1.51/1
These stats are using max slippage and would be what I expect to be worse case.
What on earth just happened? went out to get some breakfast, come back and it's lost 50 pts
It actually has better results with no stoploss at all, but I'm not going there...
The profit stop was put in to take better advantage of the candle tails and improved the results.
Boy wasn't that fun
I never do well in drops like that even if I was short, which I wasn't, I cover to soon. And then by the time I get into a decent long on the bounce like is happening now its only to get back some of the lost ticks. I went long three times then!!!
This is what happened. I think it'll blow over by the day's end.
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