DEMO Semi-automated S&P daily trading system

[ordinaryguy76]

If it goes below 1243 (unlikely ?), I should enter opposite trade and sell S&P until 9pm.

Also, if it stays below 1258 until 9pm, it will be another trade UP for tomorrow.

 

[ordinaryguy76]

2 trades created:

Buy 1 S&P @ 1252, SL 1242
OCO
Sell 1 S&P @ 1242, SL 1252

Either it jumps off 1246, or falls further, me thinks.

 

[ordinaryguy76]

Forgot to add, trades valid until 7 pm. If not hit, will wait until 9pm for next day trade.

 

[ordinaryguy76]

3pm hourly candle says we should go up. Can't monitor now - will be driving back home in 15 mins. Both trades waiting.

 

[ordinaryguy76]

well, well, my buy order was filled. Let's see what happens next.

 

[ordinaryguy76]

I will be busy for the next 2 hours and cannot monitor this, so closed for +51.
Account valuation: £10350.48

Back at around 9 pm.

 

[ordinaryguy76]

S&P ended above 1258, so trade DOWN.

New trade entered:
07/12/2011 21:00
Sell 1 S&P500 @ 1262.3, SL 1277.3
Buy order 1 S&P500 @ 1278.3, SL 1263.3

 

[ordinaryguy76]

for those interested: the idea is to keep trading on demo until the end of December. If the system proves right (it is at the moment), I will start trading real money, probably with finspreads (they offer 10p stakes as a so-called "trading academy" or something)

 

[ordinaryguy76]

-10 at the moment, so nothing dramatic overnight.
I'm still waiting for the first "bad day" (i.e. full 300 pips loss). Today perhaps ?

 

[ordinaryguy76]

Trade back in the black, barely.
Hit rate for the system is very good at the moment (7 out of 9, I believe). I was looking for something like a bit below 50%. Still early days and it can all change, I know. Good news is, it is possible for me to reduce loss on a bad day by manual tweaking, as long as I'm not too busy with other stuff.

 

[ordinaryguy76]

There you go. Went out for lunch and bam - a spike to 1272.3. If I had 100 pips stop loss, it would have been triggered by now... Thanks to 150 pips SL, I'm +50 at the moment.

 

[ordinaryguy76]

did I say +50 ? it's +70 now.

 

[ordinaryguy76]

SL moved to +50 pips

 

[ordinaryguy76]

Opposite trade cancelled (keep forgetting to add this).
Stopped out for +49
Account valuation: £10398.98
Will look for another entry perhaps.

 

[ordinaryguy76]

SL moved too early (against the rules). I bet most of you would do better than that. S&P diving now.

 

[ordinaryguy76]

Missed the train, oh well.
9 pm trade will be UP, most likely.

 

[ordinaryguy76]

Right, system profits for today were around 270 pips, whereas I managed 49 pips only, because my SL was moved too quickly. It's not a big issue on demo, but if I keep missing big moves, I will not be profitable in the long run. Have to remember this.

New trade entered:
08/12/2011 21:00
Buy 1 S&P500 @ 1234.9, SL 1219.9
Sell order 1 S&P500 @ 1218.9, SL 1233.9

Weekly summary tomorrow.

 

[ordinaryguy76]

-40 pips overnight. I wonder what this day brings.

 

[ordinaryguy76]

Now +40 pips, back in the black. Rollercoaster comes to mind.

 

[ordinaryguy76]

Now +140 pips, stop loss moved to +50.
Opposite trade cancelled.