Bigbusiness
Experienced member
Interesting but not much use if we don't know what criteria you use to enter and exit trades. We also don't know the draw down on these trades. This one could cause a lot of pain:-
£9 BUY JUN 04 WALL STREET at 10116
Why do you use City Index? Their spreads are about as big as any of the spreadbet companies.
£9 BUY JUN 04 WALL STREET at 10116
Why do you use City Index? Their spreads are about as big as any of the spreadbet companies.
FetteredChinos
Veteren member
welcome to the asylum Kips 
hope your trades work out, and that we can work out what you are doing without the aid of some nicely buttered bread.
FC
hope your trades work out, and that we can work out what you are doing without the aid of some nicely buttered bread.
FC
tradesmart
Experienced member
Bread today..........jam tomorrow........... (maybe.....!?).......
sorry - I'll go back to the joke of the day thread.......
sorry - I'll go back to the joke of the day thread.......
Bigbusiness
Experienced member
Kipper,
What if the markets had collapsed this week? Do you use stops or just hold on hoping for a reversal? The last 18 months haven't been that volatile but looking back a bit further there have been times of extreme volatility and it would be interesting to know how your system would cope with these. As it is EOD, I would have thought it would be straightforward to get a 10 year back test. That would reveal if it works in different types of market conditions.
What if the markets had collapsed this week? Do you use stops or just hold on hoping for a reversal? The last 18 months haven't been that volatile but looking back a bit further there have been times of extreme volatility and it would be interesting to know how your system would cope with these. As it is EOD, I would have thought it would be straightforward to get a 10 year back test. That would reveal if it works in different types of market conditions.
Bigbusiness
Experienced member
Thanks for the reply Kipper. Will be interesting to see how you get on. I do think you should consider looking at how your system worked in previous years. If it worked well, it will give you a lot of confidence, if it had problems, you might be able to avoid them in the future.
Is it your intention to sell your system?
TheBramble
Legendary member
Kipper said:
Kipper - what was your purpose in starting this thread?
If it was for suggestions or help in designing or modifying a system, t2w members are pretty good at that and would have been eager to assist you. But it's the systems that interest - not just the current status of trades using it.
Why not just trade the system yourself and let us know at the end of the year if that's the timeframe you've given yourself?
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dc2000
Veteren member
Kipper interesting that you have deceided to post your trades on a BB, as I myself have done this in the past I would like to pass on a few pointers firstly your trades will need to be posted as they happen or ahead of time to silence the pessimists second you will need to explain the rational behined a trade whilst not revealing the system itself something like looking to buy at bla bla level looking to take profit at bla bla level.
Also your system seems to advocate averaging down on loosing trades something that doesn't sit well with traders.
You don't mention what starting capital you had to make the £30k profit last year but looking at the figures you give I would say you would need a starting pot in excess of £30k to trade this system for the same profit level would this be correct ?
Also your system seems to advocate averaging down on loosing trades something that doesn't sit well with traders.
You don't mention what starting capital you had to make the £30k profit last year but looking at the figures you give I would say you would need a starting pot in excess of £30k to trade this system for the same profit level would this be correct ?