If you have been watching the blog and listening to the
newsletters, you know that my plans are to put about 4 - 5 of my
reversion to mean systems into one section on the website -most
likely into the Mechanical Systems section - from there you will be
able to see trade statistics, performance reports, etc -
here's an example of how they will be displayedon the website (note this is not a finished page just an
example). I plan to send email and SMS notifications when
these systems give a trade, which I did last week and this week.
Also for those of you who have Tradestation accounts or who
are willing to get a Tradestation account, I'm willing to set up
these systems onto your computer - of which I have 16 of them,
mostly daily systems but also intra day systems as well i.e. a 60
min and a 34 min intra day SPY system etc. I have systems on
SPY, SPX, GDX, AAPL, DVY etc. However for those of you who
don't have Tradestation, I will be emailing the signals to these
systems - of course I won't email the signals to the intra day
systems like the 60 min SPY, only the end of day systems - you need
TS for that. Here's
Most of the systems are based on an RSI 2 concept, I have daily
SPY and SPX systems for this, as well as GDX, DVY etc. I'm
also including the SPY system into this as well, which doesn't use
an RSI 2. However I made some slight changes to the SPY
system taking out a bunch of code that I thought was taking signals
that were not stringent enough, I'll explain more on this later
As you know, the systems went long last week on Thursday and
Friday and have done well. The DVY and SPX index systems
closed out on Wednesday. The two other SPY systems, one based
on RSI 2 and the old SPY system are still long and will continue to
stay long as long as my trending indicator stays positive.
Here's a snapshot of the SPY system and the RSI 2 SPY system,
again I will let you know when they exit. The 60 min SPY system is
also still long, but I"m not emailing signals out to that one, you
have to have TS to follow that as it should be automated, not a
system to trade by email which you should understand.
also here's the performance reports of the various systems
Posted by sschulman on 8th of Jan 2013 at 12:11 pm
It must have been with difficulty that you guys decided to drop
the original system as the one-and-only extra special system
on this site. Still, there was so much emotion, you probably made
the right decision to just move on.
Personally I wasn't able to take the last (winning) trades
because of the PFG hassles.
I'm going to just stick with my account with TD Waterhouse for
now which in Canada does not trade futures. I'm still readjusting
my perspective - especially margin is calculated so differently.
And I sure don't have the time (nor the mental energy anymore) to
consistently day trade.
So THANK YOU SO MUCH for all these new systems, which can
be traded in a non-futures account. It must take so much dedication
and work to maintain this awesome site!
.....Susan
Hello and thanks for you kind words - yes it took me a long
while of consideration about what the best approach was.
I think the best thing for me to do is a webinar with you guys
to go over these systems and how they work. As I've been
stating in my emails and messages, instead of having one SPY
system, I decided to have 5 systems for you guys. As I
stated, these systems will be placed into the Mechancial Systems
section of the website and I will email signals out to you as they
occur - the SPY system tab will be going away. However I am
also setting these up for members who have Tradestation and walking
them through how they work. You can click on the links below to
pull up the actual performance reports to see detailed statistics,
individual trades, etc.
SPY daily system report (click or right
click to pull up a performance report) is basically the
old SPY system however I removed a bunch of code from it, I removed
a short term shallow pullback system from it so that it now needs
more stringent conditions before taking an entry. There are
not less trades to the system from the old SPY system, however I
think it is now more robust. I will also go over some of the
unique rules to this system in a video or webinar.
SPY RSI 2 system report
(click or right click to pull up a performance report)
- is basically a Larry Conners type of reversion to the mean
system, however there are a few modifications to it which allow it
to hold trades for longer periods than a Larry Conners system would
as well hard stops and other stop protection. This system
doesn't make as much money as the SPY above, but it is
robust.
SPX index system report
(click or right click to pull up a performance
report) - this system used the exact settings as the
first SPY system above, however this system goes back to 1981, so
32 years and that's pretty robust.
SPX RSI 2 system report
(click or right click to pull up a performance
report) - basically uses the settings on the SPY RSI 2
system above but on the index.
DVY RSI 2 system report
(click or right click to pull up a performance report)- This
is the ETF for the Dow Jones Select Dividend, it uses a typical
Larry Conners type setting, however there are a few mods to it.
-----
I have various other systems such as
60 min SPY systems of SPY, even a 5 min ES system, based on this code,
however obviously I"m not placing these on the website since the
trade timing is critical and you getting an email 20 min later is
not optimal, whereas the other systems above are all end of
day.
I hope this gives you an good overview of the changes
coming.
additionally I plan to do a webinar sometime to show you these
systems and even show you some of the logic and rules to the
signals - I think you will be enlightened how some of these rules
are just common sense and are not found via back tested means - for
example one of the rules I use to hold trades for longer is a 34
Stochastic, which is a fib number - getting oversold and when it
gets over 80%, the system holds the trade until it crosses below
80%. If had backtested this I'm sure that I would have come
up with some odd ball Stochastic length like 43 or 51 and instead
of 20% and 80% for Stochastic maybe the backtested result would
have been 17% or 93% or 77% - but no I didn't bother, I simply
chose 34 length because it is a Fib# and 20% for oversold and 80%
for overbought because that just makes sense
SPY systems etc
Posted by matt on 4th of Jan 2013 at 03:38 pm
If you have been watching the blog and listening to the newsletters, you know that my plans are to put about 4 - 5 of my reversion to mean systems into one section on the website -most likely into the Mechanical Systems section - from there you will be able to see trade statistics, performance reports, etc - here's an example of how they will be displayed on the website (note this is not a finished page just an example). I plan to send email and SMS notifications when these systems give a trade, which I did last week and this week. Also for those of you who have Tradestation accounts or who are willing to get a Tradestation account, I'm willing to set up these systems onto your computer - of which I have 16 of them, mostly daily systems but also intra day systems as well i.e. a 60 min and a 34 min intra day SPY system etc. I have systems on SPY, SPX, GDX, AAPL, DVY etc. However for those of you who don't have Tradestation, I will be emailing the signals to these systems - of course I won't email the signals to the intra day systems like the 60 min SPY, only the end of day systems - you need TS for that. Here's
Most of the systems are based on an RSI 2 concept, I have daily SPY and SPX systems for this, as well as GDX, DVY etc. I'm also including the SPY system into this as well, which doesn't use an RSI 2. However I made some slight changes to the SPY system taking out a bunch of code that I thought was taking signals that were not stringent enough, I'll explain more on this later
As you know, the systems went long last week on Thursday and Friday and have done well. The DVY and SPX index systems closed out on Wednesday. The two other SPY systems, one based on RSI 2 and the old SPY system are still long and will continue to stay long as long as my trending indicator stays positive.
Here's a snapshot of the SPY system and the RSI 2 SPY system, again I will let you know when they exit. The 60 min SPY system is also still long, but I"m not emailing signals out to that one, you have to have TS to follow that as it should be automated, not a system to trade by email which you should understand.
also here's the performance reports of the various systems
Thank you
Posted by sschulman on 8th of Jan 2013 at 12:11 pm
It must have been with difficulty that you guys decided to drop the original system as the one-and-only extra special system on this site. Still, there was so much emotion, you probably made the right decision to just move on.
Personally I wasn't able to take the last (winning) trades because of the PFG hassles.
I'm going to just stick with my account with TD Waterhouse for now which in Canada does not trade futures. I'm still readjusting my perspective - especially margin is calculated so differently. And I sure don't have the time (nor the mental energy anymore) to consistently day trade.
So THANK YOU SO MUCH for all these new systems, which can be traded in a non-futures account. It must take so much dedication and work to maintain this awesome site!
.....Susan
Comments on the SPY system and new changes coming
Posted by matt on 9th of Jan 2013 at 03:25 pm
Hello and thanks for you kind words - yes it took me a long while of consideration about what the best approach was.
I think the best thing for me to do is a webinar with you guys to go over these systems and how they work. As I've been stating in my emails and messages, instead of having one SPY system, I decided to have 5 systems for you guys. As I stated, these systems will be placed into the Mechancial Systems section of the website and I will email signals out to you as they occur - the SPY system tab will be going away. However I am also setting these up for members who have Tradestation and walking them through how they work. You can click on the links below to pull up the actual performance reports to see detailed statistics, individual trades, etc.
SPY daily system report (click or right click to pull up a performance report) is basically the old SPY system however I removed a bunch of code from it, I removed a short term shallow pullback system from it so that it now needs more stringent conditions before taking an entry. There are not less trades to the system from the old SPY system, however I think it is now more robust. I will also go over some of the unique rules to this system in a video or webinar.
SPY RSI 2 system report (click or right click to pull up a performance report) - is basically a Larry Conners type of reversion to the mean system, however there are a few modifications to it which allow it to hold trades for longer periods than a Larry Conners system would as well hard stops and other stop protection. This system doesn't make as much money as the SPY above, but it is robust.
SPX index system report (click or right click to pull up a performance report) - this system used the exact settings as the first SPY system above, however this system goes back to 1981, so 32 years and that's pretty robust.
SPX RSI 2 system report (click or right click to pull up a performance report) - basically uses the settings on the SPY RSI 2 system above but on the index.
DVY RSI 2 system report (click or right click to pull up a performance report)- This is the ETF for the Dow Jones Select Dividend, it uses a typical Larry Conners type setting, however there are a few mods to it.
-----
I have various other systems such as 60 min SPY systems of SPY, even a 5 min ES system, based on this code, however obviously I"m not placing these on the website since the trade timing is critical and you getting an email 20 min later is not optimal, whereas the other systems above are all end of day.
I hope this gives you an good overview of the changes coming.
Matthwe Frailey
additionally I plan to do
Posted by matt on 10th of Jan 2013 at 03:59 pm
additionally I plan to do a webinar sometime to show you these systems and even show you some of the logic and rules to the signals - I think you will be enlightened how some of these rules are just common sense and are not found via back tested means - for example one of the rules I use to hold trades for longer is a 34 Stochastic, which is a fib number - getting oversold and when it gets over 80%, the system holds the trade until it crosses below 80%. If had backtested this I'm sure that I would have come up with some odd ball Stochastic length like 43 or 51 and instead of 20% and 80% for Stochastic maybe the backtested result would have been 17% or 93% or 77% - but no I didn't bother, I simply chose 34 length because it is a Fib# and 20% for oversold and 80% for overbought because that just makes sense
here's an update on the
Posted by matt on 7th of Jan 2013 at 02:21 pm
here's an update on the systems
http://breakpointtrades.com/blog/post/214166/