ouch, I'm bummed; I was hoping to have a good start with this
system...have been working hard to make it work and now it's
whipsaw city...
Matt, is there anyway you know of to step aside during the
trendless days? Are there any indicators to give an idea of this?
The system obviously needs momentum!
Luckily I have no faith in that right now and had it turned off.
SRS has been awful whippy lately!
I believe EOD is down roughly 5% right now (first trade lost a
little over 4% and we are down slightly on a long SRS)... and if we
continue rallying, it could lose more.
I did a little back test from May through today putting SL at
different levels. The max profit was realized with NO stop
loss. With 2% SL there were 13% of the trades that stopped
out and profit was only 80% of the max; at 3% SL 8% stopped out and
profit was 87% of max.
looks like a SL will make you feel good, but it will far from
optimizing the end result. We will hope that today was an
aberation.
jmoynan -- the thing is, max profit is not necessarily what you
are after. Look how everyone has trouble handling the
drawdowns -- me included. Sometimes a profit target or
stop loss will give less net profit, but a much smoother equity
curve with less drawdown, which gives a system that its more
comfortable to put more money into.
Posted by mitchellvisa1 on 2nd of Nov 2009 at 10:06 pm
Michael--Totally agree. I had a good October with the
systems, but lost over 14% today. I would have certainly
taken only 18% net in October if it meant I didn't lose almost
$15K today! However I do understand it will mean the 1st
time I try it with a 3% SL, it will trade down to $.01 past my
stop, then rally back up 20%! I will have to look at the
optimization in Ninja using different SL. Thanks!
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SRS Swing Systems...HORRIFIC TODAY!
Posted by mitchellvisa1 on 2nd of Nov 2009 at 02:31 pm
ouch, I'm bummed; I was
Posted by oreo on 2nd of Nov 2009 at 07:20 pm
ouch, I'm bummed; I was hoping to have a good start with this system...have been working hard to make it work and now it's whipsaw city...
Matt, is there anyway you know of to step aside during the trendless days? Are there any indicators to give an idea of this? The system obviously needs momentum!
SRS EOD too!!!
Posted by kalinm on 2nd of Nov 2009 at 02:35 pm
Luckily I have no faith in that right now and had it turned off. SRS has been awful whippy lately!
I believe EOD is down roughly 5% right now (first trade lost a little over 4% and we are down slightly on a long SRS)... and if we continue rallying, it could lose more.
rp's ERX call has made my day so far!
My SRS systems are primarily
Posted by user32 on 2nd of Nov 2009 at 03:14 pm
My SRS systems are primarily why I didn't have a great month in October. I just don't like how it moves, and neither do my systems!
user32 - SRS swing 2 made
Posted by matt on 2nd of Nov 2009 at 03:18 pm
user32 - SRS swing 2 made 22% in October, even with slippage, should be 20%
Yes it's way down today, but in October is was up, so if you lost money in October, you are doing something wrong.
BTEAK EVEN STOP
Posted by RM686 on 2nd of Nov 2009 at 02:46 pm
I ALWAYS USE A BREAK EVEN STOP. NEVER HAVE LOST MONEY WITH THEM.
hm...when do you set a
Posted by 1800promote on 2nd of Nov 2009 at 03:24 pm
hm...when do you set a break even stop?..after %x in profit?
I did a little back
Posted by jmoynan on 2nd of Nov 2009 at 06:49 pm
I did a little back test from May through today putting SL at different levels. The max profit was realized with NO stop loss. With 2% SL there were 13% of the trades that stopped out and profit was only 80% of the max; at 3% SL 8% stopped out and profit was 87% of max.
looks like a SL will make you feel good, but it will far from optimizing the end result. We will hope that today was an aberation.
J
jmoynan -- the thing is,
Posted by Michael on 2nd of Nov 2009 at 08:58 pm
jmoynan -- the thing is, max profit is not necessarily what you are after. Look how everyone has trouble handling the drawdowns -- me included. Sometimes a profit target or stop loss will give less net profit, but a much smoother equity curve with less drawdown, which gives a system that its more comfortable to put more money into.
Michael--Totally agree. I had a
Posted by mitchellvisa1 on 2nd of Nov 2009 at 10:06 pm
Michael--Totally agree. I had a good October with the systems, but lost over 14% today. I would have certainly taken only 18% net in October if it meant I didn't lose almost $15K today! However I do understand it will mean the 1st time I try it with a 3% SL, it will trade down to $.01 past my stop, then rally back up 20%! I will have to look at the optimization in Ninja using different SL. Thanks!