ordinaryguy76
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Sl +75
DEMO Semi-automated S&P daily trading system
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ordinaryguy76
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I'm kind of split on whether I should move that SL. It could cut a potentially very profitable trade in half. When backtesting, I've assumed no change to SL meaning full profit or fully stopped loss per day. If I'm stopped out, I will try to reenter at the lower price as the original direction was UP for today.
ordinaryguy76
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I was stopped, then the market jumped up, ffs...
Account valuation: £10004.70
Account valuation: £10004.70
ordinaryguy76
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made +74 pips, instead of +300.
No more trading for today, unless price goes down below 1204 (unlikely). 9pm trade will be DOWN, most likely.
No more trading for today, unless price goes down below 1204 (unlikely). 9pm trade will be DOWN, most likely.
ordinaryguy76
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well, I can write a book now on "how not to win 500 pips and settle for 74 instead".
Anyway, new trade entered:
30/11/2011 21:00
Sell 1 S&P500 @ 1244.3, SL 1259.3
Buy order 1 S&P500 @ 1260.3, SL 1240.3
Anyway, new trade entered:
30/11/2011 21:00
Sell 1 S&P500 @ 1244.3, SL 1259.3
Buy order 1 S&P500 @ 1260.3, SL 1240.3
ordinaryguy76
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Morning.
Not much of a move overnight. Trade a little bit under water.
Wondering whether that move by central banks is enough to push higher and higher. "Want a trillion $$$ ? Have some and even more !"
Good money chasing bad - does not resolve anything.
Hold on, the new money is BAD MONEY as well... It will all have to end up with quite an inflation. In the meantime, our buddies working in banks can increase their bonuses yet again. People in debt + taxpayers will cover the cost.
Not much of a move overnight. Trade a little bit under water.
Wondering whether that move by central banks is enough to push higher and higher. "Want a trillion $$$ ? Have some and even more !"
Good money chasing bad - does not resolve anything.
Hold on, the new money is BAD MONEY as well... It will all have to end up with quite an inflation. In the meantime, our buddies working in banks can increase their bonuses yet again. People in debt + taxpayers will cover the cost.
ordinaryguy76
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trade @ +10 at the mo. Quiet day so far.
ordinaryguy76
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around +40, stop loss moved to -100 pips
ordinaryguy76
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+10 flat day, pointing to an UP trade for tomorrow, but this might still change.
ordinaryguy76
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Closed for a small loss.
Account valuation: £9994.10
New trade:
01/12/2011 21:00
Buy 1 S&P500 @ 1244.8, SL 1229.8
Sell order 1 S&P500 @ 1228.8, SL 1248.8
Weekly summary tomorrow evening.
Account valuation: £9994.10
New trade:
01/12/2011 21:00
Buy 1 S&P500 @ 1244.8, SL 1229.8
Sell order 1 S&P500 @ 1228.8, SL 1248.8
Weekly summary tomorrow evening.
ordinaryguy76
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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
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forgot to add again: opposite trade cancelled now.
ordinaryguy76
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ok ,this might be a mistake, but I don't want such a good trade wasted. Stop loss moved to +100.
ordinaryguy76
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+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
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trade closed for +99.
Account valuation: £10092.33
Might look for another entry.
Account valuation: £10092.33
Might look for another entry.
ordinaryguy76
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so far, decision to move stop wasn't good... S&P flying again.
ordinaryguy76
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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
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9 pm trade will be UP, by the way.
ordinaryguy76
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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).
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
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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.
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.
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