Actually, it is SIMPLE to make money in the markets. "THE HIGH IS USUALLY HIGHER THAN THE OPEN AND THE LOW, LOWER." That is a simple statement that can make you all the money you'll ever need. MILK THE (GOOG) COW STRATEGY: "Trade GOOG at/near the open, at/near the open price." 1) Trade - go long or short.. I say it doesn't matter so pick one. Smart money FADES THE GAP!! 2) GOOG - that's the ticker for GOOGLE, that's not vague. 3) at/near the open, that would be 9:30 AM Eastern time. 4) at/near the open price, that would be the price of the FIRST trade of the day for GOOG. The above strategy DOES NOT take DrawDown, Risk Tolerance, Risk/Reward and Money Management into consideration. Draw Down... I don't care. What I look for is whether or not each entry had the potential to make a profit(run up). Risk Tolerance... use whatever calculation you want. Up to the individual. Risk/Reward... use whatever calculation you want. Up to the individual. Money Management... use whatever calculation you want. Up to the individual. Add your own rules to make the MILK THE COW STRATEGY stay within your DrawDown, Risk Tolerance, Risk/Reward and/or Money Management criteria. If GOOG is out of your price range then trade AAPL. If you don't believe this is true then go to finance.yahoo.com and enter GOOG or AAPL. Click on HISTORICAL PRICES. Then select whatever date range you want. Download the data to EXCEL. Enter a couple of simple calculations to compute HIGH - OPEN and OPEN - LOW. Then sort by the HIGH - OPEN column. Count how many days has a number less than .10. Do the same for OPEN - LOW. Of course, you can enter a formula in a couple of columns and compute this result. The number of days of .10 or less will be less than 10%. Vegas would kill for these odds. That means STATISTICALLY you have a 9 out of 10 chance of making $.10 or more on the trade. If you want, calculate the averages for HIGH - OPEN and OPEN - LOW. Divide by 2 and use that as your target exit. This is how you MILK THE "CASH" COWS!
Here's proof... See the GAP MESSAGE. It tells me which way to trade. See the HiOP (High - Open) and OpLo (Open - Low) columns. That's where the money is. It is like this everyday! These indicators for TradeStation can be found at www.kreslik.com for free!!
Dude you been pushing your systems all over the Tradestation forums now you are pumping it here as well??? Enough bro....
You could go 9/10 with that method and lose 20 times your winners on one trade on a trending day the wrong way.
It's pretty much a loser. Here's AAPL, long only, buy 1000 shrs at the Open if the Open is Less Than the Previous Close (gap down). Sell at a limit $0.10 higher than the Open (entry). If limit is not hit, Sell at Close. Code: Long + Short Long Only Short Only Buy & Hold Starting Capital $200,000.00 $200,000.00 $200,000.00 $200,000.00 Ending Capital $191,639.90 $191,639.90 $200,000.00 $1,433,577.25 Net Profit [b][color=red]$-8,360.10[/color][/b] $-8,360.10 $0.00 $1,233,577.25 Net Profit % -4.18% -4.18% 0.00% 616.79% Annualized Gain % -0.85% -0.85% 0.00% 48.34% Exposure 0.00% 0.00% 0.00% 100.00% Number of Trades 528 528 0 1 Avg Profit/Loss $-15.83 $-15.83 $0.00 $1,233,577.25 Avg Profit/Loss % 0.03% 0.03% 0.00% 617.46% Avg Bars Held 1.00 1.00 0.00 1,254.00 Winning Trades 418 418 0 1 Winning % 79.17% 79.17% N/A 100.00% Gross Profit $33,169.90 $33,169.90 $0.00 $1,233,577.25 Avg Profit $79.35 $79.35 $0.00 $1,233,577.25 Avg Profit % 0.57% 0.57% 0.00% 617.46% Avg Bars Held 1.00 1.00 0.00 1,254.00 Max Consecutive 21 21 0 N/A Losing Trades 110 110 0 0 Losing % 20.83% 20.83% N/A 0.00% Gross Loss $-41,530.01 $-41,530.01 $0.00 $0.00 Avg Loss $-377.55 $-377.55 $0.00 $0.00 Avg Loss % -2.05% -2.05% 0.00% 0.00% Avg Bars Held 1.00 1.00 0.00 0.00 Max Consecutive 4 4 0 N/A Max Drawdown $-14,970.00 $-14,970.00 $0.00 $-738,243.63 Max Drawdown % -7.25% -7.25% 0.00% -49.73% Max Drawdown Date 8/21/2006 8/21/2006 N/A 7/14/2006 Wealth-Lab Score 0.00 0.00 0.00 24.30 Profit Factor 0.80 0.80 0.00 INF Recovery Factor 0.56 0.56 N/A 1.67 Payoff Ratio 0.28 0.28 0.00 INF Sharpe Ratio -0.41 -0.41 0.00 1.17 Ulcer Index 1.64 1.64 0.00 22.45 Wealth-Lab Error Term 0.63 0.63 0.00 24.41 Wealth-Lab Reward Ratio -1.35 -1.35 N/A 1.98 Luck Coefficient 2.15 2.15 0.00 1.00 Pessimistic Rate of Return 0.92 0.92 0.00 0.00 Equity Drop Ratio 0.00 0.00 0.00 0.10 Position Symbol Shares Entry Date Entry Price Exit Date Exit Price % Change Net Profit Bars Held Profit/Bar Entry Signal Exit Signal Cum Profit MAE % MFE % Long AAPL 1,000 1/5/2006 74.83 1/5/2006 74.38 -0.63 -470.00 1 -470.00 1,819.96 -1.44 0.09 Long AAPL 1,000 1/18/2006 83.08 1/18/2006 83.18 0.10 80.00 1 80.00 1,899.96 -1.48 1.17 Long AAPL 1,000 1/19/2006 81.25 1/19/2006 81.35 0.10 80.00 1 80.00 1,979.96 -3.09 0.50 Long AAPL 1,000 1/30/2006 71.17 1/30/2006 71.27 0.11 80.00 1 80.00 2,059.96 -0.42 7.63 Long AAPL 1,000 2/1/2006 74.95 2/1/2006 75.05 0.11 80.00 1 80.00 2,139.96 -0.41 2.01 Long AAPL 1,000 2/2/2006 75.10 2/2/2006 75.20 0.11 80.00 1 80.00 2,219.96 -4.06 0.35 Long AAPL 1,000 2/13/2006 66.63 2/13/2006 66.73 0.12 80.00 1 80.00 2,299.95 -2.99 0.18 Long AAPL 1,000 2/15/2006 67.16 2/15/2006 67.26 0.12 80.00 1 80.00 2,379.95 -0.61 3.66 Long AAPL 1,000 2/17/2006 70.30 2/17/2006 70.40 0.11 80.00 1 80.00 2,459.95 -0.98 0.84 Long AAPL 1,000 2/22/2006 69.00 2/22/2006 69.10 0.12 80.00 1 80.00 2,539.95 -1.45 3.87 Long AAPL 1,000 3/2/2006 68.99 3/2/2006 69.09 0.12 80.00 1 80.00 2,619.95 -0.46 1.45 Long AAPL 1,000 3/3/2006 69.40 3/3/2006 69.50 0.12 80.00 1 80.00 2,699.95 -2.69 0.73 Long AAPL 1,000 3/6/2006 67.69 3/6/2006 65.48 -3.29 -2,230.00 1 -2,230.00 469.95 -4.06 0.04 Long AAPL 1,000 3/8/2006 66.29 3/8/2006 66.39 0.12 80.00 1 80.00 549.95 -1.42 1.37 Long AAPL 1,000 4/4/2006 62.10 4/4/2006 62.20 0.13 80.00 1 80.00 629.94 -1.69 0.19 Long AAPL 1,000 4/7/2006 70.93 4/7/2006 71.03 0.11 80.00 1 80.00 709.94 -3.47 0.39 Long AAPL 1,000 4/13/2006 66.34 4/13/2006 66.44 0.12 80.00 1 80.00 789.94 -0.80 1.66 Long AAPL 1,000 4/24/2006 66.85 4/24/2006 65.75 -1.68 -1,120.00 1 -1,120.00 -330.06 -2.02 0.10 Long AAPL 1,000 4/27/2006 67.73 4/27/2006 67.83 0.12 80.00 1 80.00 -250.06 -0.56 3.14 Long AAPL 1,000 5/9/2006 71.82 5/9/2006 71.92 0.11 80.00 1 80.00 -170.06 -1.67 1.03 Long AAPL 1,000 5/12/2006 67.85 5/12/2006 67.95 0.12 80.00 1 80.00 -90.06 -1.46 1.24 Long AAPL 1,000 5/15/2006 67.37 5/15/2006 67.47 0.12 80.00 1 80.00 -10.06 -0.37 1.50 Long AAPL 1,000 5/17/2006 64.71 5/17/2006 64.81 0.12 80.00 1 80.00 69.94 -0.99 1.53 Long AAPL 1,000 5/22/2006 63.87 5/22/2006 63.97 0.13 80.00 1 80.00 149.93 -1.72 0.19 Long AAPL 1,000 5/24/2006 62.99 5/24/2006 63.09 0.13 80.00 1 80.00 229.93 -2.27 1.05 Long AAPL 1,000 5/26/2006 64.31 5/26/2006 64.41 0.12 80.00 1 80.00 309.93 -1.82 0.39 Long AAPL 1,000 5/30/2006 63.29 5/30/2006 61.22 -3.30 -2,090.00 1 -2,090.00 -1,780.07 -3.27 0.02 Long AAPL 1,000 6/5/2006 61.15 6/5/2006 60.00 -1.91 -1,170.00 1 -1,170.00 -2,950.07 -1.93 0.00 Long AAPL 1,000 6/8/2006 58.44 6/8/2006 58.54 0.14 80.00 1 80.00 -2,870.07 -2.21 4.26 Long AAPL 1,000 6/14/2006 58.28 6/14/2006 58.38 0.14 80.00 1 80.00 -2,790.07 -2.73 0.86 Long AAPL 1,000 6/15/2006 57.30 6/15/2006 57.40 0.14 80.00 1 80.00 -2,710.07 -0.96 4.26 Long AAPL 1,000 6/16/2006 58.96 6/16/2006 59.06 0.14 80.00 1 80.00 -2,630.08 -2.44 0.39 Long AAPL 1,000 6/28/2006 57.29 6/28/2006 56.02 -2.25 -1,290.00 1 -1,290.00 -3,920.08 -3.28 0.02 Long AAPL 1,000 6/30/2006 57.59 6/30/2006 57.69 0.14 80.00 1 80.00 -3,840.08 -1.89 0.28 Long AAPL 1,000 7/5/2006 57.15 7/5/2006 57.25 0.14 80.00 1 80.00 -3,760.08 -1.03 0.79 Long AAPL 1,000 7/7/2006 55.48 7/7/2006 55.58 0.14 80.00 1 80.00 -3,680.08 -1.46 1.93 Long AAPL 1,000 7/12/2006 55.17 7/12/2006 52.96 -4.04 -2,230.00 1 -2,230.00 -5,910.08 -4.08 0.13 Long AAPL 1,000 7/13/2006 52.03 7/13/2006 52.13 0.15 80.00 1 80.00 -5,830.08 -1.19 4.02 Long AAPL 1,000 7/21/2006 59.82 7/21/2006 59.92 0.13 80.00 1 80.00 -5,750.08 -0.30 2.22 Long AAPL 1,000 8/1/2006 67.22 8/1/2006 67.32 0.12 80.00 1 80.00 -5,670.08 -1.90 1.06 Long AAPL 1,000 8/3/2006 67.91 8/3/2006 68.01 0.12 80.00 1 80.00 -5,590.09 -0.15 3.08 Long AAPL 1,000 8/4/2006 67.05 8/4/2006 67.15 0.12 80.00 1 80.00 -5,510.09 -3.12 2.33 Long AAPL 1,000 8/7/2006 67.72 8/7/2006 67.82 0.12 80.00 1 80.00 -5,430.09 -2.08 2.78 Long AAPL 1,000 8/8/2006 67.09 8/8/2006 64.78 -3.47 -2,330.00 1 -2,330.00 -7,760.09 -3.85 0.03 Long AAPL 1,000 8/10/2006 63.25 8/10/2006 63.35 0.13 80.00 1 80.00 -7,680.09 -0.87 2.47 Long AAPL 1,000 8/11/2006 63.23 8/11/2006 63.33 0.13 80.00 1 80.00 -7,600.09 -1.03 1.42 Long AAPL 1,000 8/21/2006 67.30 8/21/2006 66.56 -1.13 -760.01 1 -760.01 -8,360.09 -1.71 0.01
thats amazing wealth lab tests how about you reverse the shorts with the longs since your average shorts lost $400 longs made $78 lol