Lightning McQueen
Moderator
- Messages
- 4,989
- Likes
- 820
So here we go then, this journal is going to be the place where it all happens for me now, a sort of do or die environment so to speak. I will lay out my plan, which hopefully wont change too drastically over the short term but everything is open and fluid, focusing on the eventual goal of trading for real instead of nattering about it.
Comments good and the not so good are welcome but outright negativity will be ignored.
off we go
Trading plan
1.Forward test the strategy as outlined in the thread simple moving average system
http://www.trade2win.com/boards/showthread.php?t=20862&page=1&pp=10
I. Plot a 5 period simple moving average on to a 60 minute chart of the dow
II. When the price bar penetrates up through and closes above the SMA go long.
III. When the price bar penetrates down through and closes below the SMA go short.
IV. MACD is to be used as a signal filter by only allowing signals that are in the same direction as the trend in the MACD
2.Trade the dow in a risk free environment eg demo spread betting account, with trades expected to last from days to weeks depending on signal.
3.No stop rules for the moment. (the system should signal a reversal taking me out of an iffy signal)
4.No money management for now just a straight £10 / point.
5.keep everything as simple and easy to do as possible.
I will also use this journal to post comments and channel ideas that will help make my goal a reality. posting is good for the soul even though I may be shot down in flames at times
Don
Comments good and the not so good are welcome but outright negativity will be ignored.
off we go
Trading plan
1.Forward test the strategy as outlined in the thread simple moving average system
http://www.trade2win.com/boards/showthread.php?t=20862&page=1&pp=10
I. Plot a 5 period simple moving average on to a 60 minute chart of the dow
II. When the price bar penetrates up through and closes above the SMA go long.
III. When the price bar penetrates down through and closes below the SMA go short.
IV. MACD is to be used as a signal filter by only allowing signals that are in the same direction as the trend in the MACD
2.Trade the dow in a risk free environment eg demo spread betting account, with trades expected to last from days to weeks depending on signal.
3.No stop rules for the moment. (the system should signal a reversal taking me out of an iffy signal)
4.No money management for now just a straight £10 / point.
5.keep everything as simple and easy to do as possible.
I will also use this journal to post comments and channel ideas that will help make my goal a reality. posting is good for the soul even though I may be shot down in flames at times
Don
Last edited: