He has been posting charts on CL with, say, close to $2 of profit per day, and my chart shows less than $0.50 profit and not profitable after 1 tick slippage or commission partially from overtrading, not really that it hasn't been making money on its trades just not after slippage and commish.
I took a stop loss of 7% on QID, or (1-0.07)^(3/2)-1=10.314% max loss followed by a 1.5% loss. The loss is not quite 15% but close enough if you want to call it that. It happens on every 1 of 6 trades. Really the better comparison from the market is to look at where TQQQ and SQQQ are compared to my inception date May 24th, 2010. SQQQ was at $26.17 now at $15.51 and TQQQ was at $80.70 now at $85.25, up from $51.25 which was a 36.5% drawdown from inception, while SQQQ had drawndown 40%. Really, do you guys even trade these instruments? They're really volatile, and the drawdown I've had has been a lot less than what I'm trading.
I think you need to read this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=3375526&highlight=schamp#post3375526 Here's a quick parenthetical: "He gave me the manual and student version of his code he uses to teach. I get an extended free trial with no obligation to buy, but if CL's making $4000 on $4000 of margin PER WEEK GODDAMIT then no fucking way, you, cocksucker! He's got the most exceptional trading program I've ever seen, and if people from Britain's royal family are forking over $5 million so they can keep being the worlds wealthiest land owners, then DRACHMA! Do you know what Drachma is? Cause I will have more of it than probably anyone who has participated in this thread, and good thing Bill isn't here because then I couldn't say that."
If I was getting the results he's been posting, it would be like that. Not so from the trial copy I've gotten.
NQ #F's 117,649 contract chart made 9.75 points since 2008, which is nothing if you were to include slippage and commish there, too.
World Cup doesn't see it that way, bhardy. If you could produce a backtest from $30,000 to $3.8 million you wouldn't try doing anything but that for 2 years. Also, try not to confuse what I'm doing for World Cup with what I'm doing for Covestor. They aren't the same. One's for futures with futures risk characteristics, and the other just uses pairs trading when the futures system uses a combination of three systems I don't utilize in my model.