Quote from Breakout: Hey acrary...I don't know if you want to do any more or not. If you don't want to that's cool. But, I was wondering. What if you went long or short on the breakout of the 1st 10 minute bar, put a 3 point stop in and got out if you reached a 9 point profit target or , or market on close if target not hit Hey acrary...I just noticed something about the test you did for me that I was confused about. The test shows: Largest winning trade...$6,350.00 Largest losing trade...$2,275.00 It seems to me, using this strategy, the largest win should be around $450 (9 points) and the largest loss around $150 (3 points) What am I missing here? Thanks The results are on page 8 (wouldn't fit on page 7)
Here's what I mean... When I run a test on one of my methods, and risk say $100 and set a profit objective of say $300, my test results show about $300 for my average winner and about $100 for my average loser. Anyway, it's no big deal, just curious. Thanks
Somebody slap me (I can't seem to wake up) I meant my "LARGEST" winner and "LARGEST" loser show about $300 and $100.
Let me re-phrase that. This isn't My method as in My creation. It's just one of my methods ( systems) that I have on my harddrive. If you have TS or SC and want a copy, just let me know. (damn conscience)...hehe
Hmmmmmmmm.... I tried this on SPY from mid 1996 to the present using percentage similar stops and didnt get anywhere near this performance. Any ideas why? Ill post details later. peace axeman
Breakout, As he mentioned earlier in the thread, Acrary is backtesting the SP (250 $ per pt) not the ES.... On top of that, DraXon didn't mention any rules preventing from holding overnight, so you may have largest winner/loser above/below your profit/stop level in such cases.. It would be interesting to see what the result of the system would be when making it a "true" intraday system, ie adding a time stop at the session close... Eddy