ETF Reversal System

Discussion in 'Journals' started by yankeetrade, Jul 5, 2011.

  1. 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.
     
  2. New Trades:

    Short URA @ 12.28
    Short HAO @ 28.60
    Short TAN @ 7.20
    Short EPU @ 38.60
     
  3. 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.
     
  4. 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
     
  5. No new entries triggered today.

    We exited one position:

    TAN @ 7.09 on the close.
     
  6. There were no new entries for July 7th.
     
  7. 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
     
  8. 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.
     
  9. 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.
     
  10. 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%
     
    #10     Jul 12, 2011