Have been buying positions 6 months out. Fortunately for me the tide has turned and both CCJ and URA have moved from max loss for the June expiry to max profit! Phew! But the trades in Dec and Jan are looking very very good. Went with wide spreads on the basis of these monthly and weekly charts!! It was tough though in the beginning of June!

Diginomad I am amazed you missed the 29th of January 2018. The market turned down from 2871 off an evening star pattern which Steve and Matt made very clear in their newsletters. Soon thereafter we had a trend long signal. Suffice to say, I got slaughtered. Then we hit a massive wick low of 2529 on the 5th of Feb. So how far did it go. On the 12th March 2018 we saw the retracement fail at the 78.6% Fib of2808. Needless to say, this changed my trading completely and instead of 20-30 contracts overnight I now only trade 3-4 on a signal or on any of my other systems. I also make use of quite a few of the macro contracts. Lesson learned, Sleep overnight dont sweat over every trade.

Actually Matt, the kudos should be for Tradingview. They show a contract switch date on the charts. Nice feature!

Future contracts for MNQ, MES, MYM and M2K are due to switch on Friday 9th June. Why is there always such a big difference in price between the close of the present contract vs the new contract. Presently over 40 points?

Hi Pattellee, There are a few chaps here who are serious option traders but my sixpense worth is that I will be buying 0.9 deltas with 2 weeks to expiry. That way the 2-3 day period expected will show the highest return. Also the 2 weeks would be safe from too much theta(time) decay. However if later testing shows longer average periods for the trades we may have to go out a bit further in time. Obviously the best thing to do is sell calls (sell signals) or puts when buy signals are given with one week of time to run or even 4 weeks to gain more premium. This could be a problem unless you have quite a large trading account. I am working on my trading plan for all these considerations and would be happy to share with you when done.

We call it a senior moment Matt  It happens to us septuagenarians rather often.!

Most impressive Matt, this will keep me going for so much longer LOL. Looking forward to getting signals on these systems too. Any idea of how many of them have future contracts?   

The only problem I have with this improved system is that there are only 76 trades in 20 years  just short of 4 per annum. No chance of me being around at the end of 20 years LOL.

But no doubt that the higher the profit factor the fewer signals. I do have enough systems to trade to live with that.

Thanks Matt,

You posted on the 13th of April 2023 at 4:43 pm for anyone who is interested.  Great system indeed.! One I follow now!

Matt thanks for this detail. I have been trading the VIX system quite religiously over the past 8 years and have found that the PF is not great compared to the other systems you have developed. Which indicator or other trigger could be added to improve these stats.

Thanks Steve. Any possibility of NQ levels too, especially during week-end review?

i should have read through all the postings. I do see that RMoore100, Simplemillion and Steve have also posted on NQ.

I am no good at uploading files but I have plotted the fibs on the NQ Futures weekly chart in Tradingview. Presently we are slap bang on the 61.8% Fib line of 14367. With such a strong move up it is even possible that we could see the 78.6% Fib at 15423 reached before the wheels come off.

Hi Matt, what a wonderful talent you have! As you know I am mostly interested in the E-minis and E- Macros. Do you run your bots on Tradestation? Are you on the cloud or do you only get signals and act on those? What is your system that the  daily bots are trading  on MES and MNQ.

Junkie, DigiNomad. You guys are sharing some very good option trades but I must warn the newby's that unless they have been trading options for some time and have good experience doing so that these are high risk option trades. However I have posted the trade on my TOS paper trading account and will follow the trade as you guys post. Good Luck Junkie.   

Thank you for this posting Matt. So now I am sure you have already looked at a number of indicators/moving averages to add to the basic concept with the view of cutting out the more bearish trades (no trades if below 50ema?, etc.etc). I am quite excited about this one. You should be able to get that profit factor up quite a bit and trading futures with the system could give good returns!

Hi Mugsy, I trade on Tradestation and use the MESM23 etc tickers. using the MGC and MBT tickers is where I am struggling. I have seen some sites such as COMEX  showing monthly GC's but when I try to open hte chart in Tradestation very few of those populate. Presnetly I have MGCM23 (June)which is working well. I do believe it expires at the end of May. So I have been using a bit of hit and miss with the GC and MBT contracts. Would like a schedule which shows the best contract names to use.

About time this puppy started moving again. I have a number of long option trades I have been carrying through the pullback.

Need some help on the futures contract names for GC and MBT. Also when to roll over. Quite happy with ES, NQ, YM and RTY contracts I have been trading for years now but get caught by gold and bitcoin.

I have used Tradestation since 2014 and have found them to be acceptable. A bit clunky at times as Matt would say but I do not trade too many contracts anymore and find fills on buy and sell to be quite good.