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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (6260)	1/2/2000 3:53:00 PM
From: F Robert Simms	Respond to of 18137

Since I only have Excel and MS EOD, I had to dummy data for Metastock. I copied year of SPX 30 min bar data into daily format. I chose May, 97 to April, 98. I had 34 winning trades and 40 losing trades. Average win points was 11.97 and average losing points were 4.89. The length in winning trades was 44.56 bars and 9.93 bars for losing trades. The largest point drawdown was 10.17 points. This is only taking long trades. It is a bit worse if you add short trades. This is about 76% of buy and hold profit. I put in .25 points loss for commission and slippage on each trade. (i.e. .5 points round trip). Most of the losses were in a sideways market. With the small drawdown, that gives time to switch to another system when the market moves into a trading range. It is more of a short-term positional system. It holds overninght. There are better systems, but it does have the advantage of using the free real-time mini charts available from Quote.com Best Wishes, Bob