DEMO Semi-automated S&P daily trading system

[ordinaryguy76]

OK, stopped for +50 again, while away from PC. Tough.
No trades running at the moment.
Account valuation: £10448.11

 

[ordinaryguy76]

Attaching trades from the first two weeks.

 

[ordinaryguy76]

Right, next week I'm not going to move my stop loss.
Right, next week I'm not going to move my stop loss.
Right, next week I'm not going to move my stop loss.
Right, next week I'm not going to move my stop loss.
Right, next week I'm not going to move my stop loss.
F... missed 150 pips today.

 

[ordinaryguy76]

Been busy with the kids, so I'm running a bit late.

New trade entered:
09/12/2011 21:06
Buy 1 S&P500 @ 1258.3, SL 1243.3
Sell order 1 S&P500 @ 1242.3, SL 1257.3

 

[ordinaryguy76]

Week 2 summary.
Excellent week for this system - 100% hit rate. My own results were worse, mainly because of moving stop loss too quickly. Something that I did not intend to do, but watching trades live makes me do it.

Monday 05/12
P/L according to theory (approx) : 130 pips
P/L actual: 147 pips
Reason for difference: SL moved to +150 and stopped out mid day.


Tuesday 06/12
P/L according to theory (approx) : 4 pips
P/L actual: 61 pips
Reason for difference: closed 20 min early, because candles looked really bad.

Wednesday 07/12
P/L according to theory (approx) : 24 pips
P/L actual: 52 pips
Reason for difference: first trade stopped out @ +1. Lucky 2nd trade in the afternoon.

Thursday 08/12
P/L according to theory (approx) : 258 pips
P/L actual: 49 pips
Reason for difference: SL moved to +50, unnecessary.

Friday 09/12
P/L according to theory (approx) : 194 pips
P/L actual: 49 pips
Reason for difference: Again, SL moved to +50, unnecessary.

Theoretical weekly profit: 610 pips.
Actual weekly profit: 358 pips.

Much better than week 1, but that's just not good enough !
In the long run, I am expecting bad weeks or even months. In order to remain profitable overall, I have to take full profits. It will not work otherwise.

£5 lost due to rolling transactions.
Current balance: £10448.11 and one open trade @ +11 (total £10459.11).

Need to stick to this single rule:
If trade in profit around 170-180 pips, move stop loss to +150 pips.
DO NOT MOVE STOP LOSS TO +50 or +100 !!!
Might consider +1, depending on situation. Nobody likes winners turning into losers.

 

[ordinaryguy76]

By the way, have a nice and safe weekend everyone !

 

[ordinaryguy76]

wasn't too bad yesterday 11pm, but -70 pips now. Wondering whether my stop loss will be hit outside of S&P trading hours.

 

[ordinaryguy76]

-115. I really wouldn't want this trade to close before 2.30 pm...

 

[ordinaryguy76]

stopped out while on lunch (typical) for -151, but my opposite trade did not trigger yet.
Unfortunately, it's still outside of trading hours. Possibly no more trading for today.
Account valuation: £10,294.78.

 

[ordinaryguy76]

I think I might have made a bit of a mistake here. My latest trade was opened @ 1258.3, because I was late for 9 pm. Price around 9 pm was something like 1254.5, so my initial stop loss shold have been 1239.5, not 1243.3. Trade would have been still open. Opposite order should be set to @ 1238.5 possibly, not 1242.3.
I've amended opposite order to:
Sell order 1 S&P500 @ 1238.5, SL 1253.5

 

[ordinaryguy76]

Opposite order triggered @ 1238.4. Let's see.

 

[ordinaryguy76]

SL moved to 1238.2 for 2 pip profit.

 

[ordinaryguy76]

aah, SL moved to 1237.9 for 5 pip profit. I want my rolling trade fee back !

 

[ordinaryguy76]

SL moved 1236.4. Getting into the car now to drive home, so won't be watching.

 

[ordinaryguy76]

now +100, SL moved to 1233.4 (50 pips profit). I know I said I wouldn't do it, but:
-it's just under 2 hours to market close
-it was a really big move down already. I want to catch at least part of it.
-I will be busy now until 9 pm, so won't monitor this trade. Fingers crossed it won't catch my SL.

 

[ordinaryguy76]

OK, I was stopped out for +49. Account valuation: £10,343.78.

New trade entered:
12/12/2011 21:00
Buy 1 S&P500 @ 1236.6, SL 1221.6
Sell order 1 S&P500 @ 1220.6, SL 1235.6

 

[ordinaryguy76]

+40 in the black for now.

 

[ordinaryguy76]

SL moved to +2, opposite trade cancelled

 

[ordinaryguy76]

I can see how beneficial it would be if I were able to split my trade in two parts - take half profits at, say, +50 and move SL to b/e.
On the other hand, risk would be twice as big and it would make the system even less automatic.
I need to do more research and figure out a way to backtest such strategy.

 

[ordinaryguy76]

Right, it's flying now to +90 and I'm tempted to move SL to +50 again...