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Well, some people never learn!! Don't you realize you'll NEVER be able to
sell this thing if you post your gains AND your losses? What are you
thinking? At this point you're supposed to post something like; "The 4%
system continues to work its way toward yet another profitable year in what
is proving to most others a difficult market enviroment." What would Wade
Cook, Don Fishbach, Jake Bernstein, George Fontanills, etc., etc., think?
Don't you realize that there has never been a public statement by a
mechanical system vendor that discussed even the possibility of losses? All
you're doing is losing credibility. Get with the program.
Just trying to be helpful. :)
Regards,
Tom Alexander
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From: GREHERT@xxxxxxx
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: 4% System Update
Date: Thursday, August 06, 1998 6:39 PM
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
<HTML><PRE>The 4% system BUYS the Close when the S&P first corrects 4% and
then closes up one day; it sells if (a) it rises 4%, or (b) it drops 4%, or
(c) it crosses below a parabolic.
__________________________________________________________________________
The SuperCharts code for the 4 % system is the following:
IF: C[1] < .96* HIGHEST(H,15)[1]
and c > c[1]
then: BUY this bar on the Close
IF: C < .96*(EntryPrice)
or C CROSSES BELOW PARABOLIC(.00175)
or maxPositionProfit > .04* EntryPrice
then: EXITLONG next bar at the market
__________________________________________________________________________
Here is the SuperCharts analysis of the system.
S&P INDEX -Daily 02/27/84 - 07/15/98
Performance Summary: All Trades
Total net profit $ 617.18 Open position P/L $ 0.00
Gross profit $ 796.95 Gross loss $ -179.77
Total # of trades 65 Percent profitable 77%
Number winning trades 50 Number losing trades 15
Largest winning trade $ 45.29 Largest losing trade $ -26.01
Average winning trade $ 15.94 Average losing trade $ -11.98
Ratio avg win/avg loss 1.33 Avg trade(win & loss) $ 9.50
Max consec. winners 11 Max consec. losers 2
Avg # bars in winners 20 Avg # bars in losers 16
Max intraday drawdown $ -61.11
Profit factor 4.43 Max # contracts held 1
Account size required $ 61.11 Return on account 1010%
Best Regards,
Jerry Rehert (grehert@xxxxxxx)
Atlanta, GA
Check out my WebPage (UPDATED: 8-2-98)
http://members.aol.com/grehert/
</PRE></HTML>
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