Tom, would it be possible to add a status bar like on the GDX
swing system page, it could include the price target for entry on
days when the system is close to entry and a potential direction
indicator.
This might cut down on the questions regarding the potential for
entry exit that some days seem to be the main topic for conjecture
here.
Here's what I intend to do going forward; If it is close towards
the end of day, I will place a limit order for .01 under trigger
price 1-2 minutes prior to the close. If the trade triggers and
then closes above the trigger price I will exit on the open. This
will play the odds that buy at close and sell at open is a winning
trade by percentage and if the trade triggers and closes higher I
am immediately in the black and in a good position by default.
Pick holes in it.....sounds too rational to work
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Status bar
Effort/SMS
Posted by turps on 18th of Aug 2011 at 10:19 am
Tom, would it be possible to add a status bar like on the GDX swing system page, it could include the price target for entry on days when the system is close to entry and a potential direction indicator.
This might cut down on the questions regarding the potential for entry exit that some days seem to be the main topic for conjecture here.
there is no remedy for over leverage
Historical Draw Downs to the system
Posted by turps on 9th of Aug 2011 at 10:31 pm
Come on everyone, the facts are:
This is an un-tried system,
It is a mechanical system
if you are blown up now you over levered.
read the disclaimer and TAKE NOTICE OF IT.
yes I am backwards in this trade
No I do not expect it to be profitable in the end of this trade.
Yes I expect to be profitable in the long run.
The long run is what matters.
Found it
Spreadsheet Updated
Posted by turps on 30th of Jul 2011 at 06:38 pm
Tumbler I looked back to see that you do ATM with 50-80 days to expiration.....so never mind I was being Lazy
Strategy
Spreadsheet Updated
Posted by turps on 30th of Jul 2011 at 10:28 am
Tumbler, I'm new to options so could yopu give a little insight into your options strategy with the spy system.
I think you are buying ATM options one month out? when do you look to roll into the next month out?
Hedge
SPY system long 7/28
Posted by turps on 29th of Jul 2011 at 10:36 am
Why not take a hedge if you are a bit worried about some draw down
Great!
ES day trade system
Posted by turps on 30th of Jun 2011 at 11:06 am
Count me in whenever it goes live!
My entry strategy going forward
Posted by turps on 2nd of Jun 2011 at 08:04 pm
Here's what I intend to do going forward; If it is close towards the end of day, I will place a limit order for .01 under trigger price 1-2 minutes prior to the close. If the trade triggers and then closes above the trigger price I will exit on the open. This will play the odds that buy at close and sell at open is a winning trade by percentage and if the trade triggers and closes higher I am immediately in the black and in a good position by default.
Pick holes in it.....sounds too rational to work