|
PureBytes Links
Trading Reference Links
|
Greetings friends,
To illustrate the point many have made in this forum, I have developed the most astounding money making system that is near impossible to trade (IMHO).
The principle is simple:
1. Sell the market at the open.
2. At the close, cover the short and go long
3. At the next open, sell the open and go short.
Do this every day.
The system does not take in to account brokerage. Slippage is inevitable and is what makes the system not worth trading.
Check out the initial results for yourself.
NB In the analysis below $0.01 is one basis point of an index worth +- $425 a point, hence $5.61 = $284,425
Enjoy
Zaheer
(with tongue firmly in cheek)
Silly idea R150 INDEX-Daily 07/01/91 - 10/07/97
Performance Summary: All Trades
Total net profit $ 5.61 Open position P/L $ 0.00
Gross profit $ 16.65 Gross loss $ -11.04
Total # of trades 1148 Percent profitable 69%
Number winning trades 788 Number losing trades 360
Largest winning trade $ 0.35 Largest losing trade $ -0.22
Average winning trade $ 0.02 Average losing trade $ -0.03
Ratio avg win/avg loss 0.69 Avg trade(win & loss) $ 0.00
Max consec. winners 24 Max consec. losers 7
Avg # bars in winners 0 Avg # bars in losers 1
Max intraday drawdown $ -0.50
Profit factor 1.51 Max # contracts held 1
Account size required $ 0.50 Return on account 1122%
Performance Summary: Long Trades
Total net profit $ 3.70 Open position P/L $ 0.00
Gross profit $ 11.02 Gross loss $ -7.32
Total # of trades 574 Percent profitable 63%
Number winning trades 363 Number losing trades 211
Largest winning trade $ 0.29 Largest losing trade $ -0.22
Average winning trade $ 0.03 Average losing trade $ -0.03
Ratio avg win/avg loss 0.88 Avg trade(win & loss) $ 0.01
Max consec. winners 12 Max consec. losers 4
Avg # bars in winners 1 Avg # bars in losers 1
Max intraday drawdown $ -0.53
Profit factor 1.51 Max # contracts held 1
Account size required $ 0.53 Return on account 698%
Performance Summary: Short Trades
Total net profit $ 1.91 Open position P/L $ 0.00
Gross profit $ 5.63 Gross loss $ -3.72
Total # of trades 574 Percent profitable 74%
Number winning trades 425 Number losing trades 149
Largest winning trade $ 0.35 Largest losing trade $ -0.13
Average winning trade $ 0.01 Average losing trade $ -0.02
Ratio avg win/avg loss 0.53 Avg trade(win & loss) $ 0.00
Max consec. winners 16 Max consec. losers 3
Avg # bars in winners 0 Avg # bars in losers 0
Max intraday drawdown $ -0.55
Profit factor 1.51 Max # contracts held 1
Account size required $ 0.55 Return on account 349%
|