Recent content by Markus_H

Nope. We receive a trading signal every hour, but this doesn't mean that you should get filled every hour. Example: The e-mini S&P is trading at 1185. At 9:30am we place an order to sell @ 1190 limit, but prices continue to move lower and never touch 1190. At 10:30am we move the order to sell...

rogerha, Please double-check your numbers: From Monday, Sept 5th to Wednesday, October 20th CoinCollector 40min placed 140 limit orders. If you look at the prices you’ll see that the market went through the limit price 117 times, i.e. the maximum amount of orders that you could have missed was...

rdstagg, Thanks for your comment. No, I am not "teaching" not to use any stops; my intention is to show and comment some results of developing and backtesting a trading system. After presenting the table I wrote "Notice that the system performs best without any stops." Just an observation. :)...

SpamMan, As I wrote in the article: I don't believe that there are any good "hybrid" systems that work in trending markets as well as in direction-less markets. IMO you use either a trend-following method that does well in trending markets and don't lose a lot in direction-less markets, or...

Hitfeld, When "optimizing" a system I don't try to "maximize profits"; I am trying to improve a couple of key figures. In this particular example the net profit decreases, but the average profit per trade increases and the max drawdown decreases. Overall the system becomes more robust. IMO...

Dear Wally, Your estimation is quite good: We experience 6-8 "non-fills" in 100 trades. We tested the system on different timeframes and with different orders using real money and the current timeframes and order types produce the best results. You are absolutely right about the hypothetical...

Wally, No, it wasn't. But here in the US the market is highly regulated for maximum customer protection which IMO is a great thing. The Commodities Futures Trading Commission (CFTC) advised us not to publish our real account performance. According to CFTC Rule 2-29 (Communications with the...

Most backtesting software allow you to generate a combined performance analysis of several trading strategies. I am using Genesis Financial Trade Navigator www.genesisft.com to produce combined reports. I don't know of any easy way to do that manually. Markus

The system works best on the e-mini S&P. I heard from other traders that they are trading the strategy successfully in the e-mini NQ and e-mini Russell. Attached are the performance reports for all three contracts. A trader from Germany wrote me that he's trading it on the DAX and it might...

What a feedback! We submitted several articles to the editors of T2W, and together we decided to publish this one because it makes some potentially debate inspiring statements, which we think provides real value to the community. And it did... Thanks to everybody for sharing your views...

Real Results (April 20th, 2005) I have received quite a few emails asking me to publish real results of the trading system CoinCollector here in the Forum. As I trade various strategies and not only CoinCollector I can not simply post my own account statement. Therefore we opened a small...

Today I received a PM asking me for information about the e-mini S&P contract. I thought the answer is of general interest so I am posting it here: Check out the educational section of the CME: http://www.cme.com/edu/ There's a lot of useful stuff, and it's all for free. My favorite...

Max, I had similar problems: The javascript window opened perfectly when using FireFox, but I had problems with IE. I installed this java-fix and it worked: http://www.softwarepatch.com/windows/javavm.html Good luck, Markus

The "Overnight Risk" Funny enough: One week ago I published an article about "the overnight risk in the e-mini S&P" in our blog. :) So here's my take on it: Many daytraders like to close their position and the end of the trading day because of the so-called "overnight risk". Though there...

Effkay, basically there are two different exit rules: Stop Loss Rules to protect your capital and Profit Taking Exits to realize your profits Both exit rules can be expressed in four ways: A fixed dollar amount (e.g. $1,000) A percentage of the current price (e.g. 1% of the entry price) A...