fishbait - IF it suits your risk tolerance, you could use a hard stoploss: 6.5%, 10%, 15%, whatever you are comfortable with.  If your stoploss is triggered and you decide to exit the trade, you could get back into the trade IF it generates a subsequent entry signal.  That's a lot of IFs, and you'd be deviating from the system of course, but it's your choice, as has been pointed out here before.

matt - also, PSLV is Sprott Physical Silver

felt slight shaking in Toronto

The trade history seems to have changed slightly for some reason.  I copied the history into Excel a few weeks ago and it shows the trade was entered on 4/4/02 at 112.67 and exited on 4/11/02 at 112.89, for a small gain.  Oh well.

marketguy - at least your posts are market-related, unlike the posts of those who feel the need to bombard members with irrelevant information, e.g. what they had for lunch, what they are doing this evening,...

http://www.youtube.com/watch?v=jmgaTPz63Bw

Walk-forward testing (on out-of-sample data) is done in an effort to avoid curve-fitting a system to the particular data sample that was used for backtesting.  It may give you more confidence in the robustness of a system - it's ability to work well in any market conditions.

kenk100 - Your point is well taken.  The trade history shows a maximum of 2 losing trades in a row (one occurrence: April/May 2001).

Entry Date / Duration* / Profit:

Oct 30 2009,  6 days,  4.24%
Mar 3 2009,  52 days,  27.54%
Jul 2 2008,  4 days,  1.05%
Aug 24 2007,  2 days,  3.11%
Jul 19 2004,  2 days,  1.43%
Apr 4 2002,  5 days,  0.20%
Jul 27 2000,  10 days,  1.48%
Feb 18 2000,  11 days,  3.47%
Apr 19 1999,  8 days,  4.68%
Apr 28 1998,  6 days,  3.29%

*Duration is in trading days (entry date to exit date)

stevedfw - thanks for your work.  The system sure does pick good entry points.

stevedfw - Just because there were 167 1-entry trades does not mean there were only 167 1st entries.  Sounds confusing, I know.

Counting the individual entries:
There have been 397 individual entries.  261 were 1st entries.  94 were 2nd entries.  32 were 3rd entries.  10 were 4th entries.
236 of the 261 1st entries were winners (90.4%)

Counting the multi-entry trades:
There have been 261 trades.  167 were 1-entry trades.  62 were 2-entry trades.  22 were 3-entry trades.  10 were 4-entry trades.
163 of the 167 1-entry trades were winners (97.6%)

I thought you were showing the % of winners for each entry, by entry # (1st, 2nd, 3rd, 4th).  There have been 261 1st entries (same as the single-entry version of the system).  236 of those 1st entries were winners (90.4%).  1 was a breakeven.
In my post from yesterday, I was showing the % winners for each trade, by trade type (1-entry, 2-entry,...).  There have been 167 1-entry trades.  163 of those 1-entry trades were winners (97.6%).

Interesting view, but the numbers don't quite add up.  There should be 397 total trades.  What do you think of this slight revision?
Trade Entry #1: 90.8% (237/24/0)

The largest drawdown occurred on March 6, 2009, intraday low of $67.10.  If you look at the Trade History, you can figure out the $/% drawdown.  BTW, that trade turned out to be a big winner for both the single-entry and the multi-entry version.

stefano59 - You are most welcome.  The system performance is outstanding no matter how you look at it.

% WINNERS
1-entry trades: 97.6% (163/167)
2-entry trades: 91.9% (57/62)
3-entry trades: 86.4% (19/22)
4-entry trades: 80.0% (8/10)
all trades: 94.6% (247/261)

AVERAGE NET PROFIT PER TRADE
1-entry trades: $1,076.05
2-entry trades: $1,400.41
3-entry trades: $1,830.37
4-entry trades: $2,967.64
all trades: $1,289.16

All of the above is based on a 40/20/20/20 allocation.

I'm from Canada.  Maybe I would have done better with a hockey analogy.

This clearly shows that the 1-entry trades have been the biggest contributor to the success of the multi system.  Just like singles in baseball.

For those who may be interested, here are net profit figures based on the current Trade History:

total for multi-entry system (40/20/20/20): $336,469.80

breakdown:

for 1-entry trades: $179,699.70 (53%)
for 2-entry trades: $86,825.50 (26%)
for 3-entry trades: $40,268.20 (12%)
for 4-entry trades: $29,676.40 (9%)