DATEMKOPT= W/L WIN% 8-2 UP 1.5 27/3 90% 8-3 UP 1.5 18/1 95% 8-6 DWN 1.0 18/1 95% 8-7 UP 1.5 35/8 81% 8-8 DWN 1.5 47/1 98% 8-9 DWN 1.0 24/2 92% 8-10 DWN 1.0 25/1 96% 8-13 DWN 2.0 33/0 100% 8-14 UP 2.0 37/1 97% I switched my time interval from 1 minute to 2 minutes and my wins went to 100%. First time that ever happened. Today it was 97% with a 2 minute time interval. This is a very simple strategy involving two indicators which constitute a trade only when the buy signals are simultaneous. regards
Do you trade strictly for profit or loss, or do you have rules for exiting break even and discard those trades?
A advantage of trading stocks is you can have a larger selection of candidates and you can even just pick a certain period of time to trade without following the market for the entire day, because at a given time there is always certain stock breaking out or breaking down if you use trend trading strategy, unlike one instrument (future index for example) trading in which you have to follow the market all day long trying to catch 1 or 2 bigger moves, and when you missed it you often ended up chasing or forced trading; The advantage of using indicator system (vs discretionary system, or bar to bar analysis) is you can set an alert for each stock and that would save you lots of time and energy without your eyes glued to the screen constantly.
NODOGIo you trade strictly for profit or loss, or do you have rules for exiting break even and discard those trades? All of those trades are buy signal and no trades are discarded. All the winners made a profit. If a signal was generated and no profit would have been realized then the signal is counted as a loss. I have over 40 stocks in my q and many do not show a signal between 9:30 and 12:00.
Average loser size is very small. About a dime or less. Winners can go all over the place. I had three winners today that only made 15cents per share but the rest were much better. Be aware that out of about 44 stocks. No signals at all develop on part of these between 9:30 and about 12:00 and only the first signal on the chart is counted. Subsequent signals on the same chart are ignored. But they work as well. Between 9:30 and 12:00, I have never seen one of these charts with more than two signals. And very few of those have two. That's how unique these signals are. Also be aware that the strategy comes from plain simple technical analysis that anyone could do. Here was my score today. Regards DATE MKOP T= W/L WIN% 8-2 UP 1.5 27/3 90% 8-3 UP 1.5 18/1 95% 8-6 DWN 1.0 18/1 95% 8-7 UP 1.5 35/8 81% 8-8 DWN 1.5 47/1 98% 8-9 DWN 1.0 24/2 92% 8-10 DWN 1.0 25/1 96% 8-13 DWN 2.0 33/0 100% 8-14 UP 2.0 37/1 97% 8-15 DWN 2.0 34/1 97%
I don't trade stocks, but I'm interested to know what chart time frame you use to follow the number of issues that you do.
the titles on the chart are date: mkop: direction market opens. t=: indicator time interval. w/l: number of winners/number of losers W%: percentage of winning trades for all charts that day from 9:30 to about 12:00
Well, maybe SOMEONE is influenced by the Head & Shoulders. Short article says an extraordinary large PUT position was just acquired by a bearish trader on HOT (Starwood) which is a holding co for hotels. http://finance.yahoo.com/news/bearish-trader-checks-starwood-160736212.html