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Are you OddBall traders concerned about performance lately ?
1) Go generate a performance summary for the last 30 days of SPU2 and study the profit factor of long trades versus short trades. Remember the old axiom of trading with the trend ?
2) Stop running 9 till 3:15 in the code. For central standard timers, cut times back to: 11:00 till 3:00. It appears that S&P mornings have too much general price action behavior which can be whipsaw or "fake-out" and not enough NYSE market breadth driving price.
Now, even though most of the last 30 days of SPU2 was not actively trading, still the overall behavior of the contract confirms that the same settings used to get great results in SPM2 (7,12,12) still apply to SPU2 and by the time SPU2 is finished, you may even find that 7,15,15 was optimum -- it is now for the last 30 days.
settings of 7,7,7 were optimum for SPH2 and were KNOWN 2 months ahead of time in 2001.
settings of 7,12,12 were optimum and were KNOWN ahead of time by at least 30 days before SPM2 became the front contract.
Now we are looking even higher at 7,15,15 for SPU2. It appears that trading the long side is so flakey lately that you need at least 15% in order to get the chance of a more reliable long trade.
Good luck
Frank
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