DEMO Semi-automated S&P daily trading system

well, well, my buy order was filled. Let's see what happens next.

I will be busy for the next 2 hours and cannot monitor this, so closed for +51.
Account valuation: £10350.48

Back at around 9 pm.

S&P ended above 1258, so trade DOWN.

New trade entered:
07/12/2011 21:00
Sell 1 S&P500 @ 1262.3, SL 1277.3
Buy order 1 S&P500 @ 1278.3, SL 1263.3

for those interested: the idea is to keep trading on demo until the end of December. If the system proves right (it is at the moment), I will start trading real money, probably with finspreads (they offer 10p stakes as a so-called "trading academy" or something)

-10 at the moment, so nothing dramatic overnight.
I'm still waiting for the first "bad day" (i.e. full 300 pips loss). Today perhaps ?

Trade back in the black, barely.
Hit rate for the system is very good at the moment (7 out of 9, I believe). I was looking for something like a bit below 50%. Still early days and it can all change, I know. Good news is, it is possible for me to reduce loss on a bad day by manual tweaking, as long as I'm not too busy with other stuff.

There you go. Went out for lunch and bam - a spike to 1272.3. If I had 100 pips stop loss, it would have been triggered by now... Thanks to 150 pips SL, I'm +50 at the moment.

did I say +50 ? it's +70 now.