bfez Member Posts: 21 Joined: 12/20/2004 Location: Orlando  User Profile | I used this strategy as described above on the Russell 2000. The summary was that the Longs and Shorts APR was about 99% each. The Back Test Hit Combined Rate for both was about 67%. Although this was good, too many trades are made using the system. It apprears that the Eight's Stop in conjunction with the Profit Stop create too many stops and restarts the next day. The time it took to go through 2000 stocks was about 2 - 3 hours on a moderately fast notebook. My suggestions for improvement would be to use a confirmation such as a Stochastic or MACD crossover and using a Trailing Stop instead of a Profit Stop. Also, the Trade Entry at Close of the Current Day is possibly unrealistic for mst traders deferring to Open of the next day, which could allow one to add a filter not to trade on open the next day if the open doesn't meet certain requirements. | |
