The 13:23 ES trade was a winner for me. I have been playing around with http://hquotes.com/tradehard/simulator.html For ES, with the stoploss/target ratio, we need 70% win rate. For NQ we need a 60% win rate for this strategy to be a long term winner.
I am amazed that noone has backtested this system yet??? C'mon you backtesters, It's easy to program! get with it!
ES 15:47 trade... didn't take it because the previous few bars had no direction... ie open=close. So for the day I have 9 Winners, with commissions that is $40 per winner 4 losers, with commissions that is $70 per loser Winning percentage is 9/13 = 0.69 Plug that into the trading simulator and that gives me a positive expectation over the long run! Of course, I don't think this means squat until I get at least one hundred trades in.
One hundred trades is less than 10 days of trading! Not exactly the 'long run'! I am working on something similar to this but with different time intervals. I'll be looking to forward test this for at least 500 trades (produces 20-25 trades per day), and to manually backtest for at least 3000 trades.
Someone posted a question a while back about the use of three rather than two parameters in the stochastic, and I don't remember seeing a reply. This page explains it (see section on Full Stochastic): http://www.stockcharts.com/education/What/IndicatorAnalysis/indic_stochasticOscillator.html
so where the hell are the results for today's trading??? what... you have a bad day so you dont post? this is bullshit.