'NDX 30th DOM' generated a Long Entry Signal for Yesterday's Close

The 'NDX 30th DOM' System Trading Model, generated a Long Entry Signal for yesterday's (Tuesday's) Close. This model is based on the behavior of the NDX on the 30th calendar Day of the Month (DOM). It is due to be exited at today's (Wednesday's) Close unless its Money Management Stop is hit intraday.

As we can see from the Equity Curve chart shown above, the model is currently trading at it's all time high.

Here are some of the model's Performance Statistics:

• Model Tracking Vehicle=NDX
• Start Date=11/1/1985
• Number of Trades=38
• Average Trade Return=0.70%
• Win Rate=79%
• Average Win/Average Loss=1.1
• Profit Factor=4.15

The caveat with this model is its Money Management Stop can be pretty high, currently about 3%. The size of the stop for this model can vary greatly, as it is derived from a proprietary calculation that factors in the ATR (Average True Range) among other things. Currently the stop is the largest it will ever be. Over the life of this model, the Money Management Stop has been hit twice (5.3% of the time), and when it was hit, it was in the 1.4%-1.9% range.

Disclosure: Long the NQU09.

Disclosure: The performance results shown above are for Model analysis purposes and do not include commission or slippage. The model is built on data from the NDX, but I trade the model with the NQ e-mini. Actual trading results from the NQ usually differ from the model results of the NDX, with the NQ showing somewhat weaker performance data. Nonetheless, I still trade this model with the NQ and when executed according to the plan, it has generated consistent profitability for me.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security***