Hi Guys, I have been enjoying the strategy discussions for the last few months while I have been working on a trading model that has been giving some pleasing results in the trades I have done and over longer periods in back testing. So maybe I should discuss the results now. The average return over the last 220 or so days has been above 50%.
I call it Oscillator Offset because it turns price movements into a wave that reminds me of a sine wave and the distance it gets from the centre (the offset) can be used to generate buy and sell signals. It's not perfect but I would argue that it's reliable which is quite an achievement in itself. I only run it once a day at midday so it suits me as I have a day job as an Engineer and looking at charts all day isn't good for keeping the boss happy.
I actually don't even look at charts or even the market. I have used it with Options (hence the Calls and Puts) but found the decay is a bit harsh for them given the average position duration is about 5.5 days. I am moving over to Mini Warrants which have no time decay and much smaller spreads, albeit with more modest returns.
I have been uploading a trading diary on FB with screen shots and a daily report. If there is any interest I will be happy to answer questions. The days' results are there each day between 12 to 1pm. Go to:
(or look for Oscillator Offset Trading)
Today's report can be seen at:
This should not be seen as financial advice, just an indication of what one system was doing on a given day. Like all indicators you need to consider them with your own circumstances in mind and other market information.