I trade longer term mechanical trading systems exclusively on the ASX. I rarely look at daily charts and the systems are built using weekly timeframes.
The information in this site is based on actual trades in real portfolios. I don't trade using margin or any sort of leverage. I mainly use Amibroker for system testing and trade monitoring.
I am not selling anything. This is just a journal to record where I have been and, just maybe, where I am going.
Wednesday, June 11, 2008
Another exit - long term loser
I got out of this one today after the sell signal triggered on the close of last week. No other exits signaled for this week.
It's unusual to get a trade that lasts as long as this one (26 weeks) and still manages to lose money.
Your blog is very well done.. Congratulations. Lots of robustness tests... QUESTION: you obviousely do some kind of trend following. Could you describe your system in more detail please?
Florian Sorry to be so slow in responding. I trade a system based on weekly timeframes and basically look for strength - nothing all that clever. Exits are just a trailing stop. I have played with profit taking exits I really haven't found anything that was any better than a fairly simple trailing exit.
There are probably heaps of system builders that have developed something similar.
Hi Mate
ReplyDeleteThanks for the Blog.
Well done on your year. . . break even on realised profits and 16% o nunrealised is a pretty good effort
Cheers Banjo
Hi!
ReplyDeleteYour blog is very well done.. Congratulations. Lots of robustness tests... QUESTION: you obviousely do some kind of trend following. Could you describe your system in more detail please?
Many thankx,
Florian.
Florian
ReplyDeleteSorry to be so slow in responding. I trade a system based on weekly timeframes and basically look for strength - nothing all that clever. Exits are just a trailing stop. I have played with profit taking exits I really haven't found anything that was any better than a fairly simple trailing exit.
There are probably heaps of system builders that have developed something similar.
stevo
Stevo:
ReplyDeletethank you for your explanation. So strength = the biggest 52 week winners? Weakness= worst 52 week loosers?
I think the way how you do the backtesting is actually quite sophisticated!
Florian.