Since there have been some questions about how the recent
systems work that I've been showing, here's some information using
the SSO end of day swing trade system.
I have many different versions of these systems, some of them
are end of day systems, where some are intra day systems, but they
all work in the same way.
The systems all use a long MA to denote a trend, for example the
SSO daily system use a 165 simple MA for this i.e. when SSO is
above that MA, it only takes longs, and when it is below that MA,
it takes shorts. The SSO 34 min system (which I showed
several times today), uses a 138 MA.
Here's a couple chart examples of the daily SSO system. As
you can see, all the trades before late May were shorts, because
SSO was below the 165 Ma (however those were still winning trades
in April and May even though the trend is up, so the system is
good. After late May SSO went above the 165 MA, and thus only
too longs. As you can see, the Long entries in June were
excellent and were in the trade for over a month! true swing
trade system. I've also attached a chart from June onward, as
you can see the trades typically average from a week to several
weeks or so. All trades are entered at the close of the day,
NOT intra day. The exits are all at the close as well,
therefore slippage is a non-issue because you only have to enter at
closing prices, and since you are in the trade for days to weeks
and getting many points, again slippage is a non issue.
Currently, the system is flat, it's not in a trade. I have
a variety of end of day swing trade systems, SSO, SPY, UWM, GDX,
AAPL, QLD, TNA, etc ,they all work in the same way.
Thanks Matt, This is very helpful. I don't mean to pressure you,
but can you please give us some idea of when some of these EOD
systems will be made available and their pricing. Thanks so
much!
I would love to, but I really just have no clue as to pricing
etc. What I've been focusing on is the technical aspect, how
to incorporate it into the site, get signals out to you guys,
developing the systems, making sure they all work, etc, all the
details. Pricing and all that would be the last thing to work
out, but my first focus was obviously just developing them, then
working with the web designer on the back end of the site and how
to send you the signals, etc ...pricing is the last thing.
Also remember that I'm licensing this technology from M3 Peter, so
it's predicated on him as to how low I can go, It's not all in my
control as you can see, it's whatever deal I can work out with him
that will affect the end price and I have not yet worked that out
with peter
I will say that I will keep it as reasonable as possible of
course. Obviously the daily swing trade systems will be much
cheaper than the intra day systems.
For the intra day systems, we are working out a way, that if had
Multicharts, you can be linked up with our Master Multicharts
program and thus our systems would send the intra day signals
directly to your Multicharts account and thus your broker, which is
really powerful! That is what would be needed for intra day
systems that do trades every day or every other day.
Obviously this would be a lot more expensive, but also more
profitable since your money is turned over faster. There
would be no programming of strategies on your part, you just turn
on Mulitcharts, and link up to us and our orders come into your
account. Now obviously this is very advanced and something we
are working with Multicharts on, this would be down the road, not
now
Systems information
Posted by matt on 7th of Apr 2010 at 09:33 pm
Since there have been some questions about how the recent systems work that I've been showing, here's some information using the SSO end of day swing trade system.
I have many different versions of these systems, some of them are end of day systems, where some are intra day systems, but they all work in the same way.
The systems all use a long MA to denote a trend, for example the SSO daily system use a 165 simple MA for this i.e. when SSO is above that MA, it only takes longs, and when it is below that MA, it takes shorts. The SSO 34 min system (which I showed several times today), uses a 138 MA.
Here's a couple chart examples of the daily SSO system. As you can see, all the trades before late May were shorts, because SSO was below the 165 Ma (however those were still winning trades in April and May even though the trend is up, so the system is good. After late May SSO went above the 165 MA, and thus only too longs. As you can see, the Long entries in June were excellent and were in the trade for over a month! true swing trade system. I've also attached a chart from June onward, as you can see the trades typically average from a week to several weeks or so. All trades are entered at the close of the day, NOT intra day. The exits are all at the close as well, therefore slippage is a non-issue because you only have to enter at closing prices, and since you are in the trade for days to weeks and getting many points, again slippage is a non issue.
Currently, the system is flat, it's not in a trade. I have a variety of end of day swing trade systems, SSO, SPY, UWM, GDX, AAPL, QLD, TNA, etc ,they all work in the same way.
When the SSO EOD system
Posted by oreo on 8th of Apr 2010 at 07:58 am
When the SSO EOD system shorts, on signal when below the moving average, can money be moved to an inverse etf instead; will the system work the same?
For instance, for those who want to trade this in a retirement, IRA type account, who cannot short stocks in that account.
Sure, if you can't short,
Posted by matt on 8th of Apr 2010 at 08:46 am
Sure, if you can't short, then buy the inverse ETF. Of course our stats will be based on the respective ETF for the system.
These systems sound really exciting. Could
Posted by algyros on 7th of Apr 2010 at 11:21 pm
These systems sound really exciting.
Could you give us a sense of when we might expect these systems to be available and what you project the cost to be?
Systems Information
Posted by druzin on 7th of Apr 2010 at 11:21 pm
Thanks Matt, This is very helpful. I don't mean to pressure you, but can you please give us some idea of when some of these EOD systems will be made available and their pricing. Thanks so much!
I would love to, but
Posted by matt on 7th of Apr 2010 at 11:53 pm
I would love to, but I really just have no clue as to pricing etc. What I've been focusing on is the technical aspect, how to incorporate it into the site, get signals out to you guys, developing the systems, making sure they all work, etc, all the details. Pricing and all that would be the last thing to work out, but my first focus was obviously just developing them, then working with the web designer on the back end of the site and how to send you the signals, etc ...pricing is the last thing. Also remember that I'm licensing this technology from M3 Peter, so it's predicated on him as to how low I can go, It's not all in my control as you can see, it's whatever deal I can work out with him that will affect the end price and I have not yet worked that out with peter
I will say that I will keep it as reasonable as possible of course. Obviously the daily swing trade systems will be much cheaper than the intra day systems.
For the intra day systems, we are working out a way, that if had Multicharts, you can be linked up with our Master Multicharts program and thus our systems would send the intra day signals directly to your Multicharts account and thus your broker, which is really powerful! That is what would be needed for intra day systems that do trades every day or every other day. Obviously this would be a lot more expensive, but also more profitable since your money is turned over faster. There would be no programming of strategies on your part, you just turn on Mulitcharts, and link up to us and our orders come into your account. Now obviously this is very advanced and something we are working with Multicharts on, this would be down the road, not now
matt, I hope however you do
Posted by dylan398 on 8th of Apr 2010 at 07:41 am
matt,
I hope however you do it, it is encrypted so no one starts passing it around the internet.
Fair enough. In the meantime,
Posted by algyros on 7th of Apr 2010 at 11:58 pm
Fair enough. In the meantime, the AIG mechanical system had a great day, or, more precisely, a great last twenty minutes of the day.