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Apparently there is some confusion on the system info I have been posting
and I would like to clarify.
1.I was looking for a system that just traded the open of the S&P.As
sometimes happens when you are looking for something you may be led.I
started with the Triple Indicater System of my own that I am paper trading
because it takes into consideration the close,the overnight and the open.So
far with refinements it has been paper trading well.I listed the 3
indicaters I am using and know full well it can not be backtested so solid
forward tests is the only thing that will make it trustworthy.I am and
continue to have every desire to share my success and or failure.I never
plan failure,only success but know that what seems like failure often leads
to success.I want to add the Mc Clellan to my Triple System but do not know
how to do it yet.
2.In the course of # 1 I was contacted by a broker who had been trying to
get an account out of me for three years.I never previously saw anything
that looked sustainable until he showed me data and real time statements for
a day trading system for the S&P that had an 80% accuracy on the open trade
over nine months with the signal not given until just at the open.It also
traded intraday but it lowered overall accuracy but increased profits.This
trades every day and I will start trading it next week with only the high
percentage open trade.This system belongs to that firm and I am trying to
figure it out by reviewing the trades when I start real time.
3.But what really got me started was seeing the data on # 2 and used only
when it correlated with the Mc Clellan Oscillater signal.While not trading
every day,it has been 90% accurate with trading 8 to 10 times per
month.Clients of that firm take two contracts when it gives a signal so I
decided one was good enough for me.Once again it is owned by the firm and I
am trying to learn all I can and am more than willing to share.There were 3
winning realtime trades this week.
I am by no means looking to get them more clients and would only reveal them
if directly asked and I have three great months in a row so I do not mislead
anyone.If they continue with their success they are going to do managed
accounts only for a % profit deal.
4.The Net Systems signal I post usually has the website for both an S&P and
Nasdaq system.The name of the creator of it is Brian but not our RT
Brian.That is to clear up more confusion.It is the Nasdaq program I believe
superlative.
5.Our RT Brian is not actively working on his successful S&P Bio Model but
it still is the best I have seen and he probably can improve that.
I trust this covers any confusion.
Private comments preferred unless of general interest..
Sincerely,
John
>From: "Langham, Paul" <paul.langham@xxxxxx>
>To: "'Dr. John Cappello'" <jvc689@xxxxxxxxxxx>
>Subject: RE: Always In Market and Day trading Update
>Date: Fri, 24 Mar 2000 10:37:00 +0100
>
>John,
>
>As always your posts rmain interesting.
>
>Do you have details about the two day trading systems you speak. Seems like
>very high winning percentages. I'd be interested to learn more.
>
>Regards
>
>Paul
>
>-----Oorspronkelijk bericht-----
>Van: Dr. John Cappello [mailto:jvc689@xxxxxxxxxxx]
>Verzonden: woensdag 22 maart 2000 17:11
>Aan: realtraders@xxxxxxxxxxxxxxx
>Onderwerp: Always In Market and Day trading Update
>
>
>Review:
>
>1.The best Bio Comp always in the market S&P system I have seen continues
>to
>
>be Brian Lee's.He previously posted much on it.
>
>2.The best Bio Comp always in the market system for Nasdaq I have seen is
>the Net system I post and monitor.If I can be assured of signals on a
>regular basis I believe an e-mini would feel quite comfortable and
>profitable.Website is with the posts.
>
>3.The day trading system [broker developed] for the S&P using Mc Clellan as
>confirmation had its first trade for me today for this week and made 4 +
>points.Trades about 8 to 10 times per month and short history [emphasis
>added] of 90% accuracy on opening trade of day.
>
>4.Second S&P system under review with 9 months study is 80% accurate on
>first trade of day.
>
>5.Have not had time to keep up with my Triple Indicater method.Still
>optimistic but needs refining.
>
>Private comments [if any] preferred.
>
>John
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>
>
>
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