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John:
I think you should code your system first and do some loooong term testing
of your system (after you get some sleep and BEFORE you put any money on
it).
Then let us know how it tests out if you wish.
Carlos Lourenco
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> From: John Cappello <jvc689@xxxxxxx>
> To: SPDT@xxxxxxxxxxxxxxx
> Cc: realtraders@xxxxxxxxxxxxxx
> Subject: S&P 500 Trading System
> Date: Monday, May 11, 1998 12:57 AM
>
> Dear Lists:
>
> I am nightstalking because a trading concept woke me up.Now as an
ingrained system trader using purchased systems this is unique in
itself.But what really did it was my dissatisfaction with S&P day trading
systems no matter how encouraging to date.So here goes:
>
> 1.I am manually backtesting an end of day method.
>
> 2.The test has gone from 4/13/98 to 5/7/98.
>
> 3.To date there are 11 wins and 8 losses.
>
> 5.Gross profit is $28,000; Loss is $13,000 ;Net profit is $15,000.
>
> To give you an idea of the system [win ,lose ,or draw tomorrow],if the
market opens above 1107.32, buy 1 contract with a stop loss 800 points from
entry,$2000 risk.Sell M.O.C.
>
> If the market opens below 1107.32, sell 1 contract with a stop loss 800
points from entry,$2000 risk.Buy M.O.C.
>
> I will be glad to share if it continues to be successful but since I am
new to attempting system development I don't want to get my hopes up too
high.
>
> Comments or thoughts are welcome,
> John
>
> P.S.Thanks, Karl, for your input on my last question.
>
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