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The best results I got was with a 9% target which I'd use if I thought we
could go up 9% from here (i.e. if the PE on the S&P was down near 16-18) .
But thinking we're near a major top , I feel 4% is more prudent and
conservative. The neat thing about this system is it makes money with nearly
any target. Maybe I should try a 1%, or 2% or 3% target considering the crazy
volitile market we're in.
Also I like the 4% redundancy - 4% off the hi, 4% stop and 4% target.
Best regards,
Jerry Rehert (grehert@xxxxxxx)
Check out my WebPage (UPDATED 8/2/98): http://members.aol.com/grehert/
August 7th, 1998 @ 07:45 am
Atlanta,GA
In a message dated 98-08-07 01:09:06 EDT, you write:
<<
GREHERT@xxxxxxx wrote:
> The 4% System that I've talked about before has suffered a 1% and a 7% loss
in
> this current correction.
>
> This can be compared to the bear market of 1990 when the system had losses
of
> 7%, 6%, 6% and 4%. For the entire year 1990 the system had a slight
profit.
>
> Including the recent losses, the system has 75% profitable trades, with an
> average
> profit of 8.00 S&P points per trade, and a Profit factor of 3.05.
>
> The 4% system is a terrific example of how a very simple set of rules with
> minimal parameters can be profitable trading the S&P. I'll keep you
posted.
>
> For further analysis of the system including the SuperCharts code, download
> the attached file.
>
> Best regards,
>
> Jerry Rehert (grehert@xxxxxxx)
> Check out my WebPage (UPDATED 8/2/98): http://members.aol.com/grehert/
> August 6th, 1998 @ 06:29 pm
> Atlanta,GA
>
Jerry, What happens if you bump that up to 6%, 8%, or 10%?
>>
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