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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?

To: David Meyer who wrote (322)	5/23/1998 1:53:00 PM
From: Deep Margin	Read Replies (1) \| Respond to of 438

David Thanks for quick response. I daytraded (on paper) from the free trial of Hit&Run. I have not yet received (already ordered) the book, so I made my own rules. No Level II and I did not follow throughout the day. Did not include commissions in my calculations, tho I generally work with $14.95/trade with Fidelity FOX+ software; they often get me better prices than my limit and it's not browser-based so it is very fast (traded WebStreet a while and hated it, way too slow and crash-prone). I bought at or higher (if it opened above the stop entry, or lower on shorts) than Cooper's entry points, then sold either at EOD, at stop, or at break-even if trade went positive then fell. This seemed pretty conservative to me because if the trade ever went into the money, I made money or broke even. The problem is, too many of his trades never went into the money after entry and eventually stopped out at his safety point, usually -1 point. If I remove the stop outs, I made money but that doesn't help. I'll study his book when it arrives and see if I should have done better. Do you have a backtest system? I'm looking at TradeStation, but it is pricy. I'd be happy with an EOD system, but want solid backtest reliability. Also considering Windows on Wallstreet and MegaStock. Do you know if TradeStation includes SuperCharts? Thanks. Mark