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Modules:

  1. Spreadsheet

Data entry hi lo close, average range, emas, stops, entry, exit,results

Risk/reward calcs for proposed trade

 

 

Daily Schedule:

  1. Enter HI,LO, close data from prev day for toolbox stocks
  2. Enter any closed trades into results sections
  3. Bring up charts of toolbox stocks (refer to decision cheatsheet diagrams)

    4. Decide long/short trending/non-trending, reversal danger, uptrend downtrend

    long or short?

  4. Do spreadsheet calcs. For ideal entry exit stop> Manually enter long or short

    Spreadsheet will then calculate entry, exit, and stop for today.

    5. look on spreadsheet in order tab (EXCEL)

    print out our orders for today

    how to enter our orders for today At market open

  1. new profit target/position size (got better price)
  2. gapped wrong direction - invalid
  3. gapped right direction recalculate entry
  4. going in my direction wait for better price
  5. losing my entry - immediate execution

"Delta" is an important number here. If we are long and entry is "Delta" below yesterday's close

Play is invalid. "Gap up points" and "Gap down points" are the difference between yest high and close and yest low and close. If we open at market time more than "delta" plus these numbers we need to either invalidate or use "Quik Calc" tab of spreadsheet. These are kept on our order forms.

  1. Always close trade with limit gtc order good prices after hours trading

 

 

Conclusion:

I believe this system has potential to achieve my stated goal of 100% per year return on equity. I have temporarily suspended work on it to achieve other goals that require my time (like feed the kids!). There are gaps in my testing and gaps in my documentation. I have a lot more finished than is included here and will put it up as time allows.

I would not "guarantee" it would work in its present form, but from my experience with it, over a 5 month period and several market conditions, it has the feel of a winning system. Most times, when a winning trade was closed we would be surprised that it worked. It seemed like magic.

It would goad us into "scary" trades and avoid bad ones. It seems to uncover invisible market forces because many times it would buy very near the low of the whole day and sell within pennies of the high of the day.

This system was designed to be a complete system. One that incorporates signals, position sizing, money management, and discipline. All designed to reach a final goal expressed as % return on investment. It was designed to "run all the time". This means to work in all markets. It should just keep on "chugging along" producing regular, consistent, predictable, small profits with equally predictable small drawdowns. These profits should slowly, over the course of a year generate our total profit target for the system.

Any comments and inputs are appreciated.

Daddy, it's at support. Can I cover now ?

 

 

 

send mail to Bisby

 

 

 

 

work