Got a SHORT signal at the close on Friday, which I acted on at tonight's open. The trade executed at 871.00, so that's a profit of 23.5 points, or +$1,175 per contract. So our status is as follows: Open Position: S&P mini (ESZ8) - SHORT @ 871.00 Closed equity to date: +$2,684.50 per contract W/L=7/12 or 58% 12 trades down, 18 to go.
Got a LONG signal after the close today, so I covered at 890.50, for a loss of 19.5 points, or -$975 per contract. So our status is as follows: Open Position: S&P mini (ESZ8) - LONG @ 890.50 Closed equity to date: +$1,709.50 per contract W/L=7/13 or 54% 13 trades down, 17 to go.
Got a SHORT signal after the close on Friday, so I executed it at tonight's open, and sold at 881.00. That resulted in a loss of 9.5 points, or -$475. So our status is as follows: Open Position: S&P mini (ESZ8) - SHORT @ 881.00 Closed equity to date: +$1,234.50 per contract. (interesting number!) W/L=7/14 or 50% 14 trades down, 16 to go. The model is definitely not trading as well as it was a few weeks ago, but I can't tell yet whether it's reaching the end of its life or if it's just a temporary condition. A few more trades should tell for sure.
The model went LONG at the close today, so I covered the short at 873.75, for a gain of +$362.50. So our status is as follows: Open Position: S&P mini (ESZ8) - LONG @ 873.75 Closed equity to date: +$1,597.00 per contract. W/L=8/15 or 53% 15 trades down, 15 to go. We're now at the halfway point.
So far your system is about 2 ES pts win per trade. Is this similar to your expectations and backtest? (Well, 3 trades ago it was 4+ ES per trade, but more trades, the better the statistics)
No, as I posted early on, I was seeing more like 10 points per trade. But wasn't sure how long that would last, since it had been doing it for a while, and it was too good a performance level to last.
The model went SHORT at the close today, so I sold at 913.00, for a nice gain of +$1,962.50 per contract. So our status is as follows: Open Position: S&P mini (ESH9) - SHORT @ 913.00 Closed equity to date: +$3,559.50 per contract. W/L=9/16 or 56% 16 trades down, 14 to go.
The model went LONG at the close today, so I covered at 891.25, for a gain of +$1,087.50 per contract. So our status is as follows: Open Position: S&P mini (ESH9) - LONG @ 891.25 Closed equity to date: +$4,647.00 per contract. W/L=10/17 or 59% 17 trades down, 13 to go.
Nice trading and good results so far, although I was thinking, shouldn't you take profits sometimes in the middle of the day? Or is the system getting the signals just at the end of day? Maybe you could check the drawdowns for the previous positions, average them and make a disaster stop outside of that range. That would still give you a much smaller stop and better R:R...