As promised, here's some additional statistics for the GDX swing
system. There are two attached Pictures containing detailed
stats:
Picture One:
The table on the left shows the statistics simply taking the
signals from the daily renko chart at the close.
The table to the right shows the statistics using the 60 min
Stochastics for better timing.
And the 'Difference' column on the right shows the difference
between the Daily Renko trades and the 60 min trades.
Picture two:
This set of statistics shows the same data as the first one,
however on the right you will see 3 additional columns:
The left one shows the effect of waiting until the close to take
the trades (same day as the 60 min signal), the middle one shows
the effect if you waited until the next day's open to take the
trade, and the far right column shows the effect if you took the
longs at the close of the day, and the shorts on the open of the
next day.
Posted by tsurplus on 29th of Dec 2011 at 01:49 pm
Matt, thanks for the info, so are we going to get alerts on this
new system or the alerts are sent based on the old system? is there
a web page where we can check on this new system during the day
?
When does the new system go into effect? When the new
system goes into effect will you send out an alert on the daily
signal and the intra-day signal, have you decide yet?
I know this is a future question but will this work on SLV?
I'm not sure yet, maybe next week IDK. However if there is
a change or signal, I'll send it out. Obviously a new buy
signal is not even close to occurring at this point.
Riggio was kind enough to do some statistics on the GDX system
using the ultra ETF's like DUST, here's his comments
Matt, I know questions will come up about using NUGT/DUST so I
did a quick check on performance. Start date is buy NUGT on
2-10-11.
For NUGT trade percentages were 7.8, 13.8, -4.8, 28.1, 17.4,
-2.3, 8.0, 7.8 and 0.9%.
For DUST, -0.8, 28.9, -0.4, 5.3, -5.4,17.7, 0.2, 12.2 and
currently bought at 31.54 and DUST is as 44.22 as I write this for
a 40% gain.
If you bring up using 3x ETFs be sure to confirm the figures. Some
small losing trades but a number of nice % winning trades.
Thanks to Riggio for that. I have no bias against leveraged
ETFs, however the problem I see with these is that their average
volume is only a 10th of the 1X ETF (in the case of GDX). I would
prefer to try and trade with the higher volume, but with the need
to short, and the inability, I would still need to use the
leveraged DUST with an average daily volume of about 200,000
shares. I guess I could use it, and just cut my purchase by
half.
Seems strange there is not a 1x inverse, when there is a 2X.
GDX Swing System Statistics Further Details
Posted by matt on 28th of Dec 2011 at 02:21 am
As promised, here's some additional statistics for the GDX swing system. There are two attached Pictures containing detailed stats:
Picture One:
The table on the left shows the statistics simply taking the signals from the daily renko chart at the close.
The table to the right shows the statistics using the 60 min Stochastics for better timing.
And the 'Difference' column on the right shows the difference between the Daily Renko trades and the 60 min trades.
Picture two:
This set of statistics shows the same data as the first one, however on the right you will see 3 additional columns:
The left one shows the effect of waiting until the close to take the trades (same day as the 60 min signal), the middle one shows the effect if you waited until the next day's open to take the trade, and the far right column shows the effect if you took the longs at the close of the day, and the shorts on the open of the next day.
GDX system newsletter from the other day
New GDX Renko Mechanical System - Preview
new gdx renko
Posted by tsurplus on 29th of Dec 2011 at 01:49 pm
Matt, thanks for the info, so are we going to get alerts on this new system or the alerts are sent based on the old system? is there a web page where we can check on this new system during the day ?
thanks!
NEW GDX System
Posted by mdundon on 28th of Dec 2011 at 01:46 pm
When does the new system go into effect? When the new system goes into effect will you send out an alert on the daily signal and the intra-day signal, have you decide yet?
I know this is a future question but will this work on SLV?
I'm not sure yet, maybe
Posted by matt on 28th of Dec 2011 at 01:58 pm
I'm not sure yet, maybe next week IDK. However if there is a change or signal, I'll send it out. Obviously a new buy signal is not even close to occurring at this point.
Riggio was kind enough to
Posted by matt on 28th of Dec 2011 at 11:42 am
Riggio was kind enough to do some statistics on the GDX system using the ultra ETF's like DUST, here's his comments
Matt, I know questions will come up about using NUGT/DUST so I did a quick check on performance. Start date is buy NUGT on 2-10-11.
For NUGT trade percentages were 7.8, 13.8, -4.8, 28.1, 17.4, -2.3, 8.0, 7.8 and 0.9%.
For DUST, -0.8, 28.9, -0.4, 5.3, -5.4,17.7, 0.2, 12.2 and currently bought at 31.54 and DUST is as 44.22 as I write this for a 40% gain.
If you bring up using 3x ETFs be sure to confirm the figures. Some small losing trades but a number of nice % winning trades.
JOHN
Thanks to Riggio for that.
Posted by ragwing on 28th of Dec 2011 at 01:50 pm
Thanks to Riggio for that. I have no bias against leveraged ETFs, however the problem I see with these is that their average volume is only a 10th of the 1X ETF (in the case of GDX). I would prefer to try and trade with the higher volume, but with the need to short, and the inability, I would still need to use the leveraged DUST with an average daily volume of about 200,000 shares. I guess I could use it, and just cut my purchase by half.
Seems strange there is not a 1x inverse, when there is a 2X.
Reminder: DUST just went from 2x to 3x...
Posted by lessarda on 28th of Dec 2011 at 02:00 pm
so DUST would be up
Posted by matt on 28th of Dec 2011 at 11:50 am
so DUST would be up 40% on this move per that last system trade, not bad.