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Earl, i do not have a problem as long as the majority of overnight range
moves are withing 40 points..or so.
so as you say its moved 23, but that happens to be the right direction,
(this time) and im aware that tomorrows trade might well be heading in the
opposite way but 23 points is fine with me, ill let the system tell me
when to liquidate..or set a suitable money stop..
im just acting on the system test results, and that has said biggest ac
required $6600, ive enclosed the results for the past twelve months. maybe
some of you can see an obvious fault with it, if so could you point it out
please...
thanks for commenting. J.S.D.
MINI. SP500
S&P 500 Index - CME-Daily 07/01/97 - 08/11/98
Performance Summary: All Trades
Total net profit $ 25547.50 Open position P/L $ 50.00
Gross profit $ 31492.50 Gross loss $ -5945.00
Total # of trades 31 Percent profitable 65%
Number winning trades 20 Number losing trades 11
Largest winning trade $ 2067.50 Largest losing trade $ -1662.50
Average winning trade $ 1574.63 Average losing trade $ -540.45
Ratio avg win/avg loss 2.91 Avg trade(win & loss) $ 824.11
Max consec. winners 3 Max consec. losers 2
Avg # bars in winners 8 Avg # bars in losers 3
Max intraday drawdown $ -2587.50
Profit factor 5.30 Max # contracts held 1
Account size required $ 6587.50 Return on account 388%
Performance Summary: Long Trades
Total net profit $ 14262.50 Open position P/L $ 0.00
Gross profit $ 15150.00 Gross loss $ -887.50
Total # of trades 14 Percent profitable 79%
Number winning trades 11 Number losing trades 3
Largest winning trade $ 2067.50 Largest losing trade $ -362.50
Average winning trade $ 1377.27 Average losing trade $ -295.83
Ratio avg win/avg loss 4.66 Avg trade(win & loss)$ 1018.75
Max consec. winners 6 Max consec. losers 2
Avg # bars in winners 12 Avg # bars in losers 5
Max intraday drawdown $ -1775.00
Profit factor 17.07 Max # contracts held 1
Account size required $ 5775.00 Return on account 247%
Performance Summary: Short Trades
Total net profit $ 11285.00 Open position P/L $ 50.00
Gross profit $ 16342.50 Gross loss $ -5057.50
Total # of trades 17 Percent profitable 53%
Number winning trades 9 Number losing trades 8
Largest winning trade $ 2037.50 Largest losing trade $ -1662.50
Average winning trade $ 1815.83 Average losing trade $ -632.19
Ratio avg win/avg loss 2.87 Avg trade(win & loss)$ 663.82
Max consec. winners 2 Max consec. losers 2
Avg # bars in winners 3 Avg # bars in losers 2
Max intraday drawdown $ -1772.50
Profit factor 3.23 Max # contracts held 1
Account size required $ 5772.50 Return on account 195%
**as for supercharts, i thought the manual said that intra day data was'nt
compatibale, ok you say it is, so that leads me to another question, ...
Is there a web location where i can obtain historic intraday data for
free....?
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At 07:15 11/08/98 -0600, you wrote:
>I suspect you'll find an excellent answer to your question overnight with
E-Mini
>down $23 * 50 = $1150. Throw in commissions and slippage and your $6600
account
>would be down nearly 20% on just one contract. That's why those of us who
trade
>the S&P and like to sleep well don't hold overnight and run don't trade
accounts
>at 2:1 margin ratio.
>
>Earl
>
>-----Original Message-----
>From: Jonathan Stewart Dempster <aceit@xxxxxxxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Tuesday, August 11, 1998 5:36 AM
>Subject: Trading E mini short term position trades
>
>
>>* that the globex mini500 does'nt move beyond a 40 point overnight
>>range.(If it does then i need to think a little more), although if the
>>move is in my fav, then obviously the profit target will liquidate the
>>position.thats fine. i just need to know if a money management stop
>>currently at 2000 would get hit, as yet according to system tests ignoring
>>globex it does'nt...
>
>
>
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