Ok, this is a continuation of this thread: http://www.elitetrader.com/vb/showthread.php?t=285242&page=8 This is just to showcase my strategy, if it makes money great, if it losses oh well its not my only strat. Going to be posting the results of my automated strategy every day: losses, profits, entries, stops, exits, and time stamps. Don't have time to post live trades here on ET, so I will post the results at the end of each trading day. The strategy will be running on NinjaTrader market replay. For those of you that don't know what market replay is, its basically the tick and volume data for the day. This is as close to live as its going to get until I raise some capital to trade it live. A little bit about the strategy. It looks for patterns on a p&f chart with specific settings. It will be trading: CL Will start trading 1 contract and every month bump it up 1 contract. Trades only 2 patterns, one for going long and one for short. Once the strategy starts, it gets the trend from the daily chart and trades only in one direction. Here's what it looks like when its trading: https://www.youtube.com/watch?v=mkaJ5xGgY1s&feature=youtu.be I will post every day till next July. Starting bal: $25,000 If you have any questions, comments, or suggestions pm me, don't fill up this thread with crap. I'll start posting daily starting on 07/17/2014, and ill post this months trades so far too. Edit: I will post screenshots of the performance directly from the platform, so no one can complain about me changing the data or faking the results. Edit2: The strategy starts trading at 1:30am AZ time and shuts off 1 hour prior to US close, trades through economic data.
07/04/14 - no trades 07/07/14- no trades 07/08/14 1 win 2 losses +125 07/09/14 1 win 1 loss +770 07/10/14 1 win +75 07/11/14 1 win +895 07/14/14 no trades
Imagine the following scenario: A trader opens two different demo accounts (or even real accounts). One of the account will trade position A while the second account will trade the exact opposite of position A, at the same moment. So he is always short and long at the same time, on the same financial instrument. Then, at the end of the day, he will close all trades and only post the "winning" trades and ignore the losing trades, giving people the illusion that his system works. From time to time he will post a few "losing" trades to maintain credibility. A lot of trading system sellers are using this simple trick on Youtube. This is just a friendly comment, I am not in any way trying to discredit our friend TexasTeaTrader or his system here. In any case, I wish him all the best.
Like i said in the intro, it checks the daily open and trend and takes 1 direction. Why would you want to go long on a down trend.