'BTD Index' generated an Exit Signal for Monday's Close. The Modeled position (NDX) posted a 3.05% gain, slighty better than the average winning trade return of 2.71%.
The actual Trading position (NQU09) locked in 42.25 NQ points for a 2.99% gain (including commissions).
This profitable trade created a new high for this model's Equity Curve (shown above). The position was held for 4 trading days (http://stbsmb.blogspot.com/2009/07/btd-index-generated-entry-signal-for.html). The model continues to perform in line with its historical precedents.
Unlike my other swing system models which use 50-100% of capital/position, this model only uses 10% of capital because the maximum historical open trade drawdown is 19.9%! This is much too high for use with 100% of capital, especially if there are other swing system's open at the same time.
Another swing model, 'NDX OU' generated an entry signal for today's close. I will write more about this model tomorrow.
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YESSSSSSSSSSSSS! Well done!
ReplyDeletethanks je...
ReplyDeletenow if all of our trades could be like this one!
i know they can't, but i am happy with the trade's outcome and the process i used to generate the model and to deal with my emotions while the trade was on. Grade: A.
adam