What's your rationale for this trade if you don't mind me asking. Its in a downtrend and I can't see any signs of strength in the weekly daily or hourly. The hourly looks like a pullback with more down side to come. Regards and all the best whatever the outcome.
I agree about the downtrend in the long term. But today at around 10:30, it bottomed and began an uptrend the remainder of the day. It hadn't done this in the previous several days. Also, SKF backtests well with this strategy. Plus, I am anticipating some profit taking tomorrow with earnings releases in financials.
Code: [color=green][size=2][b] Total Net Profit $5,042.05 (Per Share) $0.14 Gross Profit $10,551.58 Gross Loss ($5,509.53) Profit Factor 1.92 Total Number of Trades 348 Percent Profitable 66.95% Winning Trades 233 Losing Trades 115 Avg. Trade Net Profit $14.49 Avg. Winning Trade $45.29 Avg. Losing Trade ($47.91) Ratio Avg. Win:Avg. Loss 0.95 Expectancy 0.31 Largest Winning Trade $377.22 Largest Losing Trade ($322.95) Max. Consecutive Winning Trades 21 Max. Consecutive Losing Trades 12 Total Shares/Contracts Held 36091 Total Commission $766.59 Return on Initial Capital 5.04% Annual Rate of Return 41.78% Buy & Hold Return 0.04% Trading Period 1 Mth, 12 Dys Max. Equity Run-up(Daily) $5,219.71 Date of Max. Equity Run-up 4/12/2013 15:00 Max. Drawdown(Daily) Value ($2,969.18) Date 4/4/2013 15:00 as % of Initial Capital 2.97% Max. Trade Drawdown ($462.48) [/b][/size][/color] Thanks Placebo! I am still holding, but will use a stop to prevent the gains turning into a giant loss.