Joesan, thanks for your comments. No, there is just one trade per day as it stands - the reversal didn't add anything in back testing.
The example day trading system made a profit of $1,882.50 over the 5 contracts, before commissions last week. Good gains on Monday ($1,662.50) and...
Thanks very much for your comments, resurrector!
OK, Unfortunately I don't have data going back that far so I can't help. Perhaps someone else is able to do it?
How do you mean Tradersaavy? Different time periods for the opening range?
The example day trading system made a profit of $312.50 over the 5 contracts, before commissions last week. Although we saw mixed performance, a...
The example day trading system had a mixed week last week. On Wednesday the system made £1,527.50 on the 5 contracts but this was offset by a...
Interesting to see your study of pivot points v random points shows that pivot points do have a slight edge. I'm just finishing off writing a...
Not a great week for the day trading system last week with a number of false breakouts prior to the falls in the market later in the week. Of...
swingtrader64, Thanks for your reply, I wonder if you could explain a little more how you use time and volume to confirm support and resistance...
jnash, Thanks for your reply. That pivot point calculator is a great idea, does it do futures as well as stocks?
Over the next few weeks I am going to see whether I can develop a mechanical trading system based around pivot points. I have put a free...
tradersaavy, It looks like my backtest module is closing at the end of the 16.00 bar, ie at 16.01 rather than 16.00 exactly. On 7/29 that 1...
Last week the example futures trading system produced a small profit of $520 across the 5 contracts that we track. Unfortunately the Thursday...
Trading and gambling do have a lot in commen but there are a few very important differences: Is trading just gambling?
The original system had a mixed week last week. A good day on Wednesday ($1,517.50 profit for trading 1 contract of ES, NQ, ER2, EMD and YM) was...
The_end, Thanks for pointing out my mistake with ER2 on Friday, your right it did trigger a short, losing, trading first. Shame!
A quiet week for the system last week with a small loss each day resulting in a $555.00 loss for the week. Thursday would have produced a small...
The system bounced back last week with a profit of $3,185.00 across the 5 contracts, due mainly to a nice rally on Friday. An excel spreadsheet...
Trend Fader, I wrote a VBA routine in Excel to analyse 1 minute OHLC data to backtest the ideas in the article.
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