Here's some examples from an SSO 30 min system that I'm working
on, it does about 10 major trades a month, the average trade
usually lasts anyway from 1 day to 2 - 3 days.
The system has a profit factor of 39! Just to give you an
example, that means when the system makes $32K, it would have lost
only about $1K. 93% winning trades and the profit factor is
really nice.
Here's the stats and also here's some chart examples to show you
how it trades. It also scales into orders.
L1 = entry 1, which means you only buy 20% of your intended
position.
L2 = entry 2 which means you add another 30%
L3 = You add another 40%
L4 and the final scale in, you add 20% more for a total 100%
invested position.
However realize that sometimes you only have one entry, you will
see trades with only an L1, this means that you only entered 20% of
your position on that trade, no more. Some trades have two
entries, some have three. You rarely have 4 entries to a
system, the average is 2 - 3
Interesting my 30 min SSO system has bought scaled in three
times today, the first buy was 20%, the second buy was 40%, the 3rd
buy was 30%, here's a chart. We'll be interesting to see if
this works out.
Looks golden; will you let us know when it sells? This is the 10
or so trades per month based on the 30 min.; are you considering
offering your systems on a variety of timeframes then?
Yes I'm working my butt off to get them done. I just wan
to make sure I have them all down and perfect before releasing
them. Also I am building a database of about 10 - 20 systems,
that all takes time and I have many different versions of the same
stock or ETF, so I have to decide which ones to release etc,
but we are working on this.
these systems get their entries on patterns instead of MA's or
pivots, therefore they require almost no optimization and
re-optimization, which is nice, so they work on about any market
condition withing having to adjust etc
I assume that these will also be email/SMS alert type things and
not a strategy or code you will be selling so irrelavant what
platform you are running this on.
yes it shorts. entries are noted by L1,L2,L3,L4, and
shorts are S1,2,3,4. again you don't always get 4 entries, in
fact it's rare, most trades are two entries and some are only
1.
Notice that the system started scaling in on Friday, yes you had
to take some heat on Monday morning on the gap down, but the trades
all made money and sold yesterday
Posted by window72 on 23rd of Mar 2010 at 03:10 pm
I see that it adds to losing positions. I'd be interested to see
how it deals with that when it goes wrong and also, I expect
TradeStation counts each of the 4 entries as a separate trade, so
you get 4 winners for the price of one.
And after seeing that over a long enough time period, we'd like
the chance to have it please.
no each trade is counted separately, yes it scales into trades,
so once in a while you take some heat on your first or second entry
but then everything is sold at once. however each trade is
counted separately, NOT as one trade, so sometimes on a position
where you have 4 entries, maybe they will all be winners, or maybe
three out of four will be winners with the first one being a slight
loser, but most of the trades are winning trades (93% of
them). The few losing trades are the 1st entries that got in
a little early, but the point there is that you are
only entering 20% of your
position, so it doesn't affect you much. As far as bad
trades, if it get's into a bad trade, it has stops.
Also it only works on Mulitcharts, and not Tradestation.
MATT -- Does this mean that we will need to get Multi-Charts for
some reason to use the system? Or -- since you will be sending out
email alerts for the trades -- will there be any reason why we
can't simply execute them on whatever platform or brokerage that we
want? This is a non-automated system that triggers simply off your
email alerts -- right?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SSO 30 min system that I'm working on
Posted by matt on 23rd of Mar 2010 at 02:03 pm
Here's some examples from an SSO 30 min system that I'm working on, it does about 10 major trades a month, the average trade usually lasts anyway from 1 day to 2 - 3 days.
The system has a profit factor of 39! Just to give you an example, that means when the system makes $32K, it would have lost only about $1K. 93% winning trades and the profit factor is really nice.
Here's the stats and also here's some chart examples to show you how it trades. It also scales into orders.
L1 = entry 1, which means you only buy 20% of your intended position.
L2 = entry 2 which means you add another 30%
L3 = You add another 40%
L4 and the final scale in, you add 20% more for a total 100% invested position.
However realize that sometimes you only have one entry, you will see trades with only an L1, this means that you only entered 20% of your position on that trade, no more. Some trades have two entries, some have three. You rarely have 4 entries to a system, the average is 2 - 3
Interesting my 30 min SSO
Posted by matt on 24th of Mar 2010 at 03:36 pm
Interesting my 30 min SSO system has bought scaled in three times today, the first buy was 20%, the second buy was 40%, the 3rd buy was 30%, here's a chart. We'll be interesting to see if this works out.
http://screencast.com/t/OTNhMDZhZ
If you remember, my SSO
Posted by matt on 25th of Mar 2010 at 10:30 am
If you remember, my SSO 30 min system scaled in yesterday long, well I guess it was a good entry and a good test of that system
Looks golden; will you let
Posted by oreo on 25th of Mar 2010 at 10:48 am
Looks golden; will you let us know when it sells? This is the 10 or so trades per month based on the 30 min.; are you considering offering your systems on a variety of timeframes then?
matt, what is the time frame
Posted by rank10 on 23rd of Mar 2010 at 03:05 pm
matt,
what is the time frame in which you tested to obtain these results. Im just curious how long it took to make the 32k?
Hey Matt. All these scale
Posted by jambo1 on 23rd of Mar 2010 at 02:20 pm
Hey Matt. All these scale in systems look great.
Now just get them released already ! Coz I absolutely suck at picking entry points LOL
Yes I'm working my butt
Posted by matt on 23rd of Mar 2010 at 03:02 pm
Yes I'm working my butt off to get them done. I just wan to make sure I have them all down and perfect before releasing them. Also I am building a database of about 10 - 20 systems, that all takes time and I have many different versions of the same stock or ETF, so I have to decide which ones to release etc, but we are working on this.
these systems get their entries on patterns instead of MA's or pivots, therefore they require almost no optimization and re-optimization, which is nice, so they work on about any market condition withing having to adjust etc
Good Job Matt ! I assume
Posted by jambo1 on 23rd of Mar 2010 at 03:36 pm
Good Job Matt !
I assume that these will also be email/SMS alert type things and not a strategy or code you will be selling so irrelavant what platform you are running this on.
great work Matt. I have
Posted by vnathwani on 23rd of Mar 2010 at 03:05 pm
great work Matt. I have coded systems with PFs in the 5 range but anything north of this is awesome
Good job!
oops...:)...L1 +L2+L3+L4 = 110%
Posted by 8899 on 23rd of Mar 2010 at 02:20 pm
you stated
L1 = entry 1, which means you only buy 20% of your intended position.
L2 = entry 2 which means you add another 30%
L3 = You add another 40%
L4 and the final scale in, you add 20% more for a total 100% invested position.
What platform on?
Posted by junkie on 23rd of Mar 2010 at 02:15 pm
Matt, What platform is a must for that trading system?
Sounds wicked, when do you
Posted by huylam on 23rd of Mar 2010 at 02:11 pm
Sounds wicked, when do you think it'll be ready? And does it short also? i.e. L1 sell (short) SSO ...
yes it shorts. entries are
Posted by matt on 23rd of Mar 2010 at 02:19 pm
yes it shorts. entries are noted by L1,L2,L3,L4, and shorts are S1,2,3,4. again you don't always get 4 entries, in fact it's rare, most trades are two entries and some are only 1.
Notice that the system started scaling in on Friday, yes you had to take some heat on Monday morning on the gap down, but the trades all made money and sold yesterday
I see that it adds
Posted by window72 on 23rd of Mar 2010 at 03:10 pm
I see that it adds to losing positions. I'd be interested to see how it deals with that when it goes wrong and also, I expect TradeStation counts each of the 4 entries as a separate trade, so you get 4 winners for the price of one.
And after seeing that over a long enough time period, we'd like the chance to have it please.
no each trade is counted
Posted by matt on 23rd of Mar 2010 at 03:25 pm
no each trade is counted separately, yes it scales into trades, so once in a while you take some heat on your first or second entry but then everything is sold at once. however each trade is counted separately, NOT as one trade, so sometimes on a position where you have 4 entries, maybe they will all be winners, or maybe three out of four will be winners with the first one being a slight loser, but most of the trades are winning trades (93% of them). The few losing trades are the 1st entries that got in a little early, but the point there is that you are only entering 20% of your position, so it doesn't affect you much. As far as bad trades, if it get's into a bad trade, it has stops.
Also it only works on Mulitcharts, and not Tradestation.
MATT -- Does this mean
Posted by puma on 23rd of Mar 2010 at 03:38 pm
MATT -- Does this mean that we will need to get Multi-Charts for some reason to use the system? Or -- since you will be sending out email alerts for the trades -- will there be any reason why we can't simply execute them on whatever platform or brokerage that we want? This is a non-automated system that triggers simply off your email alerts -- right?