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I have at least 3 S&P Day trading systems that consistently make money both
real time and backtested.The problem with them is me.I find it increasingly
grueling especially during a busy stessful day not to want to get a trade
over and done so I do not have to think about it [which as a mechanical
trader I know I should not].But 3 years of trading has become a little
wearying hence my more recent emphasis on stocks.And these systems trade
more than once per day.
Which leads me to my point.I am looking to develop something that is a
winner but over and done in the opening half hour.One idea I am flirting
with is to:
1.Take the end of day close.e.g.1385
2.Multiply it by a factor like 0.0033 e.g.=4.6 [The factor is based upon my
S/R work]
3.If the open is 4.6 above the close buy with a profit target of 4 Points
and stop loss of 2 Points.[starting points]
4.The reverse if the open is 4.6 lower than the close.
Regardless how laughable this may sound is it back testable with any
reliability.
Apreciate any constructive thoughts and comments,
John
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