LIVE real money S&P500 daily mechanical trading

[ordinaryguy76]

New trades / orders:

Buy £2.2 S&P500 @ 1293.9, SL 1278.9 (showing -£0.88 at the moment)
Sell order £2.2 S&P500 @ 1277.9, SL 1292.9

5 winners, 5 losers to date.

 

[ordinaryguy76]

Trade update.
Profit realised overnight: £1.54. Opening price amended automatically to 1294.6.
Account balance: £627.69

Trade currently showing +£2.42.

 

[ordinaryguy76]

Bit disappointed. Still waiting for some big move in January (hopefully in my direction !).

I love looking at forexpros and their "what is your sentiment" survey for a selected instrument. If it's bearish, I take it as a strong sign to buy and vice versa. Such a nice little indicator.

 

[ordinaryguy76]

+£10.12. I hope it won't end up like yesterday, giving back all gains.
If I were more experienced, I would have closed yesterday's trade around 10 am.

 

[deebee1]

is there any chance you can post the pip value of your trades to or the pip count to date please?

 

[ordinaryguy76]

I'll try. There is this complication with Finspreads closing/reopening my trades overnight whereas I like to know whether the whole day is a winner or loser.

Here's account history with pips added in Excel. Total looks like -42 pips, because of the first trade (fortunately, with very low stake). Buy / Sell is the direction of closing trade, opening trade was opposite.

I have to stop peeking at my trades throughout the day. Otherwise, I get nervous.

 

[ordinaryguy76]

ok, that's it. SL moved to 1294.9 (+10 pips), opposite trade cancelled.
Could not resist... too much free time at work ?

 

[ordinaryguy76]

9 pm trade will be DOWN. Stake to be increased to £2.30.

 

[ordinaryguy76]

SL moved to 1298.9 (+50 pips).
3 hours to go and I want to keep some profits.

 

[ordinaryguy76]

closed my trade @ 1305.5 for +£23.98. Account balance: £651.67.
First time I got a bigger win and I decided to close 1 hour early. Hopefully, I will not go much up now.

Totals for the day:
buy open @ 1293.9, closed @ 1305.5. Profit: £25.52 (116 pips).

 

[ordinaryguy76]

well, if it does go up, I will have a better entry point for my sell trade @ 9 pm.

Forexpros were showing 73% bearish sentiment today for S&P (86% for FTSE100), so a BUY trade was pretty safe

 

[ordinaryguy76]

New trades / orders:

Sell £2.3 S&P500 @ 1308.0, SL 1323.0 (showing -£0.22 at the moment)
Buy order £2.3 S&P500 @ 1324.0, SL 1309.0

6 winners, 5 losers to date.

 

[deebee1]

nice trading so far... that was a big catch on todays trade...

 

[deebee1]

ouch, ur right about that first one

 

[ordinaryguy76]

Trade update.
Profit realised overnight: -£1.15. Opening price amended automatically to 1308.5.
Account balance: £650.37 (financing was -£0.14)

Trade currently showing +£3.68.

 

[ordinaryguy76]

-£10 loss at the mo. 9 pm trade looks certain to be DOWN.

 

[ordinaryguy76]

still -£10. I will leave this trade open and only adjust SL / opposite trade @ 9 pm.

 

[ordinaryguy76]

As said before, I left the current trade running.

Totals for the day:
sell open @ 1308.0, not closed @ 1314.8. Loss: -£15.64 (-68 pips).

6 winners, 6 losers.

Current trades / orders:

Sell £2.3 S&P500 @ 1308.5, SL 1329.8
Buy order £2.3 S&P500 @ 1330.8, SL 1315.8

 

[ordinaryguy76]

Trade update.
Loss realised overnight: -£9.43. Opening price amended automatically to 1312.6.
Account balance: £640.80 (financing was -£0.14)

Trade currently showing -£3.91.

 

[ordinaryguy76]

Looking through my trade history, it seems that I missed out on around 40 pips by closing early on 13th (SL moved and hit) and 18th (manual close). I should stop manual tinkering...

On the other hand, there were days when I could have closed mid-day. This does not concern me too much, though. I did not set out to "better" this strategy by monitoring trades all the time. I just need to make sure I don't destroy a potentially profitable system.

Trade currently showing +£2.52.