On a new STS Long, for EBAY I placed an order for the morning,
and then cancelled it. Like GDX, Ebay is not a
"trending" stock. 6 of the last 6 longs per the STS
system ending up taking a loss.
And earnings is Feb 27. The "breakout" data
is so clear, LOL, maybe a long on EBAY
means a short.....
steveo - regarding EBAY, yes 6 whipsaws there in a row, actually
I look at that differently than you, to me it's probably due for a
winner now i.e. coin flip tails too many times and due for a
heads
That said there's more to this
1. the 20 year profit factor is 1.85, a profit factor of 1 means
that it's break even, so it is profitable, but not great, that's
with the system only counting the stop out on a close below the
STS
2. However, when I change the settings to stop out at the STS
intra day, that profit 20 year profit factor turns into 2.9, so
quite a jump, see image, you can see that the last 5 trades 3 were
slight winners not losers with 2 losers. The current one is
positive at the moment since it went long this morning
Currently the standard KISS in the tables use the close for
confirmation. I need to do stats on a bunch of stuff, maybe 100 or
200 stocks, and test both using the STS intra day and close, and
whatever looks best across a whole group, I"ll go with that. I may
be that we change everything to stop out at the STS price intra day
instead of the close. The high performance stuff will use the stop,
not the close confirmation
I look at this like Steveo. Bottom line, PF 1.85 doesn't make me
keen to allocate any capital. I have had a similar experience of a
few back to backs with URA. Not sure on the PF there.
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On a new STS Long,
Posted by steveo on 20th of Feb 2024 at 05:13 pm
On a new STS Long, for EBAY I placed an order for the morning, and then cancelled it. Like GDX, Ebay is not a "trending" stock. 6 of the last 6 longs per the STS system ending up taking a loss.
And earnings is Feb 27. The "breakout" data is so clear, LOL, maybe a long on EBAY
means a short.....
steveo - regarding EBAY, yes
Posted by matt on 20th of Feb 2024 at 06:48 pm
steveo - regarding EBAY, yes 6 whipsaws there in a row, actually I look at that differently than you, to me it's probably due for a winner now i.e. coin flip tails too many times and due for a heads
That said there's more to this
1. the 20 year profit factor is 1.85, a profit factor of 1 means that it's break even, so it is profitable, but not great, that's with the system only counting the stop out on a close below the STS
2. However, when I change the settings to stop out at the STS intra day, that profit 20 year profit factor turns into 2.9, so quite a jump, see image, you can see that the last 5 trades 3 were slight winners not losers with 2 losers. The current one is positive at the moment since it went long this morning
Currently the standard KISS in the tables use the close for confirmation. I need to do stats on a bunch of stuff, maybe 100 or 200 stocks, and test both using the STS intra day and close, and whatever looks best across a whole group, I"ll go with that. I may be that we change everything to stop out at the STS price intra day instead of the close. The high performance stuff will use the stop, not the close confirmation
I look at this like
Posted by vimal on 21st of Feb 2024 at 12:33 am
I look at this like Steveo. Bottom line, PF 1.85 doesn't make me keen to allocate any capital. I have had a similar experience of a few back to backs with URA. Not sure on the PF there.