VenturaTrader
43 posts
msg #108551
- Ignore VenturaTrader |
10/26/2012 12:04:10 AM
Kevin wrote: Also they do not seem to reinvest 100% of the account in each trade as SS does.
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Because of the three day settlement rule one can only trade 49% off available funds in a brokerage account; can't switch 100% of brokerage account from SSO to SDS the same day because the trade settles three days later. If only 49% of funds is traded each time one still has the effect of compounding which is very good, but all the funds are not put to work. Does anyone know a way to trade 100% of an account the same day without using margin?
The Rydex leveraged funds allow same day switching but they won't work because they do not allow stops. Anyone got a solution?
Kevin, I wondered if your backtest in SS with the hypothetical $100,000 account took this into consideration; I think somewhere along the line you mentioned trading 49% of available funds which my broker, Interactive Brokers will automatically do if set up properly. Thanks!
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jackmack
334 posts
msg #108557
- Ignore jackmack |
10/26/2012 8:40:18 AM
Thank you Kevin.
You are a man among men.
Cheers
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jackmack
334 posts
msg #108660
- Ignore jackmack |
11/2/2012 1:48:31 PM
Got the signal (intraday) to get out of SSO
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Kevin_in_GA
4,599 posts
msg #108661
- Ignore Kevin_in_GA
modified |
11/2/2012 1:49:40 PM
Looks like it is time to get out of the SSO trade and go long on SDS. The SSO entry signal was at the close on 10/24. Buying in at the open (as the system was designed to do) got you in at 59.46. Assuming today will close near the current price of 59.95 you'll see a modest profit of 0.82% before commissions.
Personally hoping the market turns up a bit between now and the end of the day.
EDIT: I really need to keep these hopes to myself ...
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tarun766
50 posts
msg #108667
- Ignore tarun766 |
11/2/2012 5:51:56 PM
I was in on SSO but i sold 50% yesterday! and rest today around 1, got in on SDS and made hundred bucks.
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tennisplayer2
210 posts
msg #108673
- Ignore tennisplayer2 |
11/2/2012 7:28:05 PM
If we are to follow the filter, we do not sell SSO until the open on Monday and then buy SDS. Thanks Kevin.
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tarun766
50 posts
msg #108692
- Ignore tarun766 |
11/6/2012 11:07:35 AM
This is not in our favour for the last couple if days :(
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Kevin_in_GA
4,599 posts
msg #108696
- Ignore Kevin_in_GA |
11/6/2012 12:49:55 PM
@tarun:
Please look at the stats I posted for this filter (on the first page of this thread). The win % is only 53% and the average return a little over 1% per trade. I personally am not trading this one, as I have posted previously. This was an interesting system and one that others can use or modfy as needed.
I'm trading from my Divergence filters instead since I am happier winning more often with lower drawdowns even at the expense of possibly higher gains at the end.
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jackmack
334 posts
msg #108698
- Ignore jackmack |
11/6/2012 1:52:07 PM
It's a process - it's a process - it's a process
The stats are amazing and due to be "traded".
I cannot figure out how to use the divergences that Kevin posted in another filter set as the entry and exit signals are too confusing for me (no offense Kevin if you read this - I just cannot figure them out - I really wish I could but if it's not on or off I just can't get it ;-) ) - anyway this filter rocks and these markets have not been kind lately to many filters/models as we are really doing nothing more than churning which typically is a sign of distribution so... trade well and keep the stops it will pay off.
Cheers
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tennisplayer2
210 posts
msg #108700
- Ignore tennisplayer2 |
11/6/2012 3:55:49 PM
jackmack, if you look at each divergence individually (entry when 1 is trigger in entry line and exit when 1 is trigger on exit line), you will not be so confuse.
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