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Saaa-wing batter

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closed returns

AOG +2%
EML +2% (sold at 1.59 today)
SSM +6%

Most of the open trades are in negative territory. PRG did exactly what the system predicted - just drew the lines manually and placed them incorrectly. Have coded the lines to avoid a repeat of this.

Most of the gold stocks weren't added at close, apart from PRU which broke out.
 
Last edited:
Sell RMS

+2%

Some targets are very close to the entry. Others aren't.
Win rate has to be very high for this approach to work.

A pattern emerging - those stocks which have met the target quickly tend to power on.
 
Open:
NCK @ 7.44
AKP @ 16.45
PRG - fat finger
IPH @ 4.98
CIM @ 38.66
SBM @ 2.86
ECX (not EXC typo) @3.9
EVT - fat finger but let's see how it goes
SIG @ 1.29
AWC @1.845
MTR @ 3.07
SLC @ 2.48

closed:
AOG +2%
EML +2%
SSM +6%
RMS +2%
ING 0%
 
Quick to sell winners
Slow to sell losers.

I prefer the opposite.
 
tech/a said:
Quick to sell winners
Slow to sell losers.

I prefer the opposite.
Click to expand...

True. That's why it needs a very high win rate. Average loser is bigger than the average winner.

Stops are always at the most recent low pivot (close<pivot). Profit targets are calculated at entry. Not going to do position sizing calcs on here but that will affect things further.
 
Do you know the average win rate?
Do you know the average win size in terms of R
Do you know the average loss in terms of R.

Or is this a wing it exercise in Hypotheticals.

What if you swapped to selling losers really quickly --even if they return to B/E before
they hit a stop
and you hold winners to at least > an R multiple that reflects a loss R multiple?

You may position size with a 1-2% stop but by ratcheting you could end up with
.5% in reality.
Much easier to profit .

Just an Idea as the duck flies by.
 
Have you backtested this GB?? or are you winging it?

Just saw your post Tech beat me to it =|
 
Roller_1 said:
Have you backtested this GB?? or are you winging it?

Just saw your post Tech beat me to it =|
Click to expand...

If what I do here looks reasonable, then I might spend the money to get it coded to the point where it can be backtested. The job is far too complicated for me. I have it coded to the point where the lines are plotted as I need them... then I just do the rest manually.

What I was looking for initially was a system that allows me to trade higher turnover stocks, since my reversion systems (for midcaps) began to suffer far too much from slippage. With reversion systems on the ASX, you only need a few people to know where the turning points are to make things difficult. Depth can suddenly get very thin at the very point you need to enter.
 

What orders are you using on your reversion systems to get the slippage issues? i use LMT orders so that helps, you may get a partial fill or missed trade evry now and then but not too bad. Works well. Then i exit on the open in the auction so i've always had the opening price
 

Limit contingent orders.
 
Roller_1 said:
How can slippage occur if you're using a LMT order
Click to expand...
A thin market. Wide spreads. Remember I'm using contingent orders, so they will trigger when I'm not watching. You get a tiny fill and it takes off, leaving you with an annoying parcel to offload.
 
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