Hello guys,
I am a daytrader from Athens, Greece and i have myself as most of you have gone through several tactics, tools etc. in order to make it and live by that thing called daytrading quiting my job.
Finally, after all the circles i concluded that the best systems are the simple ones but the one and only problem is the dicipline which you have to have in order to follow your papertrading-successfull system.
anyway, i would like to know if any of you can test my system on some period and tell me what do you think, cause by now i am doing the whole job by hand and its pretty tiring.
so, i will put it down for you with the daily P/L and you tell me what do you think.
It is basically the good old MACD that works well on trends and not so good on consolidating periods.
I use a combination of MACD(12,26,9) on the 3 min and on the 5 min chart on dax future.
then i take a position on the crossing BUT always the 2 MACDs have to be on the same side. (i.e. if the 3' crosses positive i will have to wait untill the 5' does so, to get a long but i will get out as soon as one of them gets negative etc.)
on that you put a stop loss of 20 points and a target of 20 points also, always out 3 minutes before the close of the day and take position on 9:01 cet if MACDs agree.
and here are my results so far:
(consider an average of 10-15 trades a day)
DATE P/L
1/12 -14
2/12 +40
3/12 -14
4/12 +60
5/12 -7
8/12 +39
9/12 +17
10/12 -15
11/12 +44
12/12 +30,5
15/12 +0,5
16/12 +1,5
17/12 +64
18/12 +21
19/12 +11,5
22/12 +26
23/12 -35,5
29/12 -16,5
30/12 +10,5
2/1 +23
5/1 -4,5
6/1 +28,5
7/1 +79,5
total: +390 points in 23 trading days.
that's all till today and thats all the testing i have done . Please, is there anybody that can help me test it for a prior period of time, lets say one year?
regards,
Takis
I am a daytrader from Athens, Greece and i have myself as most of you have gone through several tactics, tools etc. in order to make it and live by that thing called daytrading quiting my job.
Finally, after all the circles i concluded that the best systems are the simple ones but the one and only problem is the dicipline which you have to have in order to follow your papertrading-successfull system.
anyway, i would like to know if any of you can test my system on some period and tell me what do you think, cause by now i am doing the whole job by hand and its pretty tiring.
so, i will put it down for you with the daily P/L and you tell me what do you think.
It is basically the good old MACD that works well on trends and not so good on consolidating periods.
I use a combination of MACD(12,26,9) on the 3 min and on the 5 min chart on dax future.
then i take a position on the crossing BUT always the 2 MACDs have to be on the same side. (i.e. if the 3' crosses positive i will have to wait untill the 5' does so, to get a long but i will get out as soon as one of them gets negative etc.)
on that you put a stop loss of 20 points and a target of 20 points also, always out 3 minutes before the close of the day and take position on 9:01 cet if MACDs agree.
and here are my results so far:
(consider an average of 10-15 trades a day)
DATE P/L
1/12 -14
2/12 +40
3/12 -14
4/12 +60
5/12 -7
8/12 +39
9/12 +17
10/12 -15
11/12 +44
12/12 +30,5
15/12 +0,5
16/12 +1,5
17/12 +64
18/12 +21
19/12 +11,5
22/12 +26
23/12 -35,5
29/12 -16,5
30/12 +10,5
2/1 +23
5/1 -4,5
6/1 +28,5
7/1 +79,5
total: +390 points in 23 trading days.
that's all till today and thats all the testing i have done . Please, is there anybody that can help me test it for a prior period of time, lets say one year?
regards,
Takis
