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I found real success using a 1 1/4 point profit target on the ES while
risking 3 points stop loss(5 min chart).
this ratio has spit out about 68% accuracy with a P Factor of 1.25. however
by implementing an additional rule that I didn't program - observing the
slope direction of a specific SMA as an entry filter- it has reduced the
number of trade entries per day from 5 down to 2 and increased the accuracy
from 68% to nearly 95%.
you make your money on trading a 10 lot instead of 1 contract to capture
$62.50 per car less commissions.
Regards,
Michael T. Herron
President & CTA
Viper Trading, LLC.
1-480-354-1448
mike@xxxxxxxxxxxxxxxx
www.vipertrading.com
The risk of loss exists with trading futures. Past performance is not
indicative of future results.
Viper Trading, LLC. is a NFA Registered Commodity Trading Advisor (CTA) and
Guaranteed Introducing Broker through Vision, L.P..
----- Original Message -----
From: "Paul Weston" <fxsage@xxxxxxxxxxxxx>
To: "Steve Gibbons" <sg27@xxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, June 04, 2003 12:16 PM
Subject: RE: Why is this so difficult
> Have you tried taking partial or complete profits at a certain point? I
> have found in doing that, the total profit tends to be less, but the % of
> winners goes up nicely. Also, different types of exits can really effect
%
> winners. I have tried lots, but % following stop works well. Here again,
> increasing % of winners at the cost of overall profits, but also reducing
> drawdowns.
>
> Regards,
> Paul
>
> -----Original Message-----
> From: Steve Gibbons [mailto:sg27@xxxxxxxxxxxxxx]
> Sent: Wednesday, June 04, 2003 12:00 PM
> To: omega-list@xxxxxxxxxx
> Subject: Why is this so difficult
>
>
> Just to see if it could be done I tried to write a mechanical system that
> would make 1 or 2 points in the ES everyday. I almost had it but choppy
> days caused some loosing days.
>
> I was wanting to find out if a mechanical system could be consistently
> profitable, trading off some big winners for consistent profits. By
> consistent I mean making a profit at least every week if not every day. It
> seems that there are so many things that a person can observe, but
somewhat
> hard to quantify in terms of writing a system.
>
> Has anyone done this or come close?
>
> Thanks
>
> Steve
>
>
> ---
> ---
>
>
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