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John,
I would suggest that it would be better to use a
multiple of
Standard Deviation, Average Range, or Average True
Range
as the basis for the stops rather than a percentage
of price.
Volatility needs a place in systems and this is one
way of
doing that.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
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at:
www.theswingmachine.com- - - -
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<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
John Cappello
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, March 26, 2002 6:39
PM
Subject: [RT] S & P System
Failures
I have perhaps uncovered why I am rebuilding a previously
super successful system to being a so so system.When the market was higher
and going lower it should have been clear to me that there was a built
in erroneous bias.I believe the stops and trailing stops should be a
set % of the S&P instead of hard and fast numbers.For example if one
were trading the S&P around 1000 then 6 points as a stop and floor for
TS may work fine. However when around 1500 the range widens and set trails
and stops become archaic and vice versa.I am now experimentinting
with 0.6 % of any S&P level for the subject stops and meeting with
some better results in testing.Many of you may have known this all
along and I apologize if it insults your experience.AND I AGREE
WITH BEN.....ENOUGH NON TRADE POSTS. I PERSONALLY AM PSYCHED OUT. I still
seek simplicity and order in all things I do and overexposure in any area
is deafening.JohnTo
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