DEMO Semi-automated S&P daily trading system

This is a discussion on DEMO Semi-automated S&P daily trading system within the Trading Journals forums, part of the Reception category; trade at +120 at the moment, stop loss moved to +30. I hope it won't get hit ! Will try ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Dec 2, 2011, 9:34am   #31
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread trade at +120 at the moment, stop loss moved to +30. I hope it won't get hit ! Will try to monitor throughout the day.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 9:35am   #32
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread forgot to add again: opposite trade cancelled now.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 9:45am   #33
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread ok ,this might be a mistake, but I don't want such a good trade wasted. Stop loss moved to +100.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 11:51am   #34
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread +130 at the moment. Such a busy day at work, I can't even monitor this trade properly. Part of the business has been sold off recently and we are still in the transition period.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 3:33pm   #35
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread trade closed for +99.
Account valuation: £10092.33
Might look for another entry.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 4:41pm   #36
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread so far, decision to move stop wasn't good... S&P flying again.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 8:45pm   #37
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread still 1 hour to go. At the moment, I'm doing better than my system today - S&P went down to 1248, but I closed @ 1254.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 9:10pm   #38
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread 9 pm trade will be UP, by the way.
ordinaryguy76 is offline   Reply With Quote
Old Dec 2, 2011, 10:03pm   #39
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread New trade entered:
02/12/2011 21:00
Buy 1 S&P500 @ 1244.0, SL 1229.0
Sell order 1 S&P500 @ 1228.0, SL 1243.0

Week 1 summary to follow later (when kids are asleep).
ordinaryguy76 is offline   Reply With Quote
Old Dec 3, 2011, 2:29am   #40
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: DEMO Semi-automated S&P daily trading system

ordinaryguy76 started this thread Week 1 summary.
Not a bad week, my system was right about direction 4 out of 5 times, which is a very good result. I was expecting 2 - 3. Actual results are different than theoretical, for various reasons shown below.

Monday 28/11
P/L according to theory (approx) : 370 pips
P/L actual: 151 pips
Reason for difference: my trade started on Sunday at 11 pm, instead of trading hours close on Friday, so I missed most of the weekend move.

Tuesday 29/11
P/L according to theory (approx) : -30 pips
P/L actual: -220 pips
Reason for difference: moved stop loss to back end too early and was stopped out. Next trade had stop loss of 100 pips and was stopped out on a spike outside of trading hours for a loss of 126. Opposite trade entered, but market reversed so another loss of 94. This situation prompted me to increase stop loss to 150 pips, at least outside of trading hours.

Wednesday 30/11
P/L according to theory (approx) : 500 pips
P/L actual: 73 pips
Reason for difference: moved stop loss to +75 too quickly. Market stopped my trade then went flying, but I wasn't there. Lesson: do not move your stop loss up too quickly.

Thursday 01/12
P/L according to theory (approx) : 8 pips
P/L actual: -12 pips
Reason for difference: it was a flat day. Not ideal entry point + various debits (rolling transaction and accidental guaranteed stop). All in all, quite random loss.

Friday 02/12
P/L according to theory (approx) : 28 pips
P/L actual: 98 pips
Reason for difference:
phew, better than expected, because I moved my stop loss to +100. Actually, I could have moved it to +150, but did not. Market retreated after my stop loss was triggered.

Theoretical weekly profit: 876 pips.
Actual weekly profit: 90 pips.
Now that's a bit depressing, isn't it ?

£5 lost due to rolling transactions.
Current balance: £10090.03 and one open trade @ +4 (total £10094.03).

Modified system for next week:
1. Entry at trading hours close (9 pm UK time)
2. initial stop loss 150 pips. Could be reduced to 100 pips after market open (2.30 pm) following day.
3. If trade in profit around 170-180 pips, move stop loss to +150 pips. This really depends on circumstances. Moving stop to 75 or 100 pips during week 1 did not work too well.
4. Opposite trade will have a stop loss reduced to 150 pips (I don't want to risk more than 300 pips per day).

I hope to stick to these rules.
ordinaryguy76 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
My semi-automated strategy grimesd Trading Journals 24 Jan 9, 2011 8:03pm
FTSE100 & S&P - SB Daily Cash System Xenophobia Discretionary Trading 91 Sep 11, 2010 6:38pm
Demo trading my divergence system TAjammy Trading Journals 11 Jul 25, 2009 5:18pm
Tradiny system & automated trade WmWaster Trading Systems 2 Jan 28, 2006 4:37pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)