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Dear Lists:
I am nightstalking because a trading concept woke me up.Now as an ingrained system trader using purchased systems this is unique in itself.But what really did it was my dissatisfaction with S&P day trading systems no matter how encouraging to date.So here goes:
1.I am manually backtesting an end of day method.
2.The test has gone from 4/13/98 to 5/7/98.
3.To date there are 11 wins and 8 losses.
5.Gross profit is $28,000; Loss is $13,000 ;Net profit is $15,000.
To give you an idea of the system [win ,lose ,or draw tomorrow],if the market opens above 1107.32, buy 1 contract with a stop loss 800 points from entry,$2000 risk.Sell M.O.C.
If the market opens below 1107.32, sell 1 contract with a stop loss 800 points from entry,$2000 risk.Buy M.O.C.
I will be glad to share if it continues to be successful but since I am new to attempting system development I don't want to get my hopes up too high.
Comments or thoughts are welcome,
John
P.S.Thanks, Karl, for your input on my last question.
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