This is an ETF system that I have backtested and begun trading. I am posting all of the trades that I am taking from the system. The system enters and exits on the close and has an average of a 3-4 day holding time.
I received a PM about how I trade this system. I generate the signals about 30 minutes before the market closes. Then I take the top signals(up to 10 total positions) and put in Limit on Close (LOC) orders to enter the positions. The exit signals are traded the same way - using LOC orders. If you want to trade this system live you can try it out free for a week getting live signals via twitter (backtesters.blogspot.com) or just follow the results here as I'll be posting the trades and exits after the close.
Current holdings: (7/5) Short URA @ 12.28 (7/5) Short HAO @ 28.60 (7/5) Short TAN @ 7.20 (7/5) Short EPU @ 38.60 Exit if Close Below: Cover URA below 12.04 Cover HAO below 28.24 Cover TAN below 7.11 Cover EPU below 37.62
Current holdings: Entry Date Symbol Action Entry $ 7/5/2011 URA Short 12.28 7/5/2011 HAO Short 28.6 7/5/2011 EPU Short 38.6
As of 3:35 looks like no new positions for today. Potential Exits at the Close: Cover HAO below a close of 28.48 URA and EPU aren't close to exits.
There were no new entries. We covered both EPU and URA on the close. EPU @ 38.27 URA @ 11.88 We currently have no open positions.
Trades to date: Entry Date Symbol Action Entry$ Exit Date Exit $ Return 7/5/2011 URA Short 12.28 7/11/2011 11.88 3.26% 7/5/2011 HAO Short 28.6 7/8/2011 28.31 1.01% 7/5/2011 EPU Short 38.6 7/11/2011 38.27 0.85% 7/5/2011 TAN Short 7.2 7/6/2011 7.09 1.53%