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I have determined that the "down is faster" answer is what works in my case.
The main switch I had used to identify short trades was not quick enough for
the intraday trades. This inspite of the fact that the switch (a stop and
reverse, always in, system) seemed ok (long and short) as a stand alone
system. I assumed, incorrectly, that it was identifying the ideal time to
choose a side in the market.
I get to add one more tool to the toolbelt (as my calculus prof used to
say).
Thanks to all who took the time to discuss this.
From: Jimmy Snowden <jhsnowden@xxxxxxx>
Reply-To: Jimmy Snowden <jhsnowden@xxxxxxx>
To: "Compra dun" <compradun@xxxxxxxxxxx>, "Omega-list@xxxxxxxxxx"
<Omega-list@xxxxxxxxxx>
Subject: Re: Performance Report
Date: Sun, 18 Jan 2004 13:03:34 -0600
I subscribe to the saying "Down is faster". Pop your system up and
spend a few minutes or hours looking at the charts. Down moves are
very different to up moves in my opinion. Take a picture of your
charts then, if your software allows turn it upside down and look at
it. Or print it on velum and then scan it from the backside then print
it out and look at it. What ever it takes to see it the other way
around.
Best regards,
Jimmy Snowden
mailto:jhsnowden@xxxxxxx
Saturday, January 17, 2004, 8:48:38 PM, you wrote:
Cd> I am working on a ES daytrading system. I am review the system
performance
Cd> report show that over a 3 year period, the Longs dramatically out
perform
Cd> the Shorts I am baffled by these results because the rules for entries
and
Cd> exits for the longs and short are the similar (albeit opposite). The
market
Cd> has risen and fell, gone through various levels of volatility and the
Cd> results for the longs consistently beat the shorts.
Cd> Longs
Cd> Profit factor 1.78
Cd> Avg winner 86.1
Cd> Win % 47.01
Cd> Shorts
Cd> Profit factor .92
Cd> Avg winner -9.92
Cd> Win % 36.08
Cd> I am using TS 7.2 and am testing on the @ES continuous contract. The
system
Cd> will not trade before 10:15 et and exits at the end of day.
Cd> Is this making a lot out of a little? Are there some trading systems
that
Cd> only succeed on the long side?
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