|
PureBytes Links
Trading Reference Links
|
Seth: Thanks for the info- - I assume you mean 10:30AM EST?
Regards, Jack.
----- Original Message -----
From: <Sethw2@xxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Sunday, February 23, 2003 7:40 PM
Subject: Re: $SPX vs. ES in Oddball
> Just my two cents... I have been trading systems developed on cash S&P for
years, originally trading the big futures, then the e-mini's. First--if you
can use a continuous contract, back-adjusted future for the testing, that is
obviously the best choice. However, if you trade an intermediate term system
with a relatively high avg net per trade, and do not execute before 10:30 am
(ala 60 min bars without stops) then you can get reasonably comparable
results between the cash testing and actual results in the futures. I have
done it for many years and it has worked well. Second, trading the big S&P
is just stupid. The e-mini is a much better product. It is well worth the
added commissions. Trust me on this. If you trade with the floor in this
product you will get f*cked repetitively. Lastly, the SPY trades with the
future, not the cash, so it is not a reasonable proxy for the cash. The
spread makes the e-mini a much better option.
>
> Good luck trading,
>
> Seth
>
> P.S. M.B. stated earlier the trend in not your friend. I have succesfully
traded the S&P with a trend following strategy since 1994...It is not easy
or fun, but it is the only way I can do it. The key is to have a very robust
model, and to be able to stomach giving back a lot of profits and holding
trades for weeks/months every once in a while. However, I work with some
very consistent traders who are not quantitative, and EVERY one of them
trades counter-trend.
>
|