CFD Mechanical Trading Short Term: LONG TOL

Overview

Mechanical trading sytem developed for DMA CFD trading

This Mechanical Trading system is mechanical by nature; meaning that all human emotion and judgment are eliminated.

The concept is to identify pattern recognition in short term trend momentum which uses statistical measures to generate long or short entry signals.

The driving mechanism is statistically engineered on basic grouping tools and indicators which include Bar Chart price analysis, Oscillators, and Support and Resistant levels, making this Trend - Stop - Reverse System dependent towards daily price action and chart analysis.

Full entry is only made if all conditions are met.

After months of testing and backtesting the system is finally up and running. The opening trade began on the 31st July 2008.

All trades are real and have CFD contracts to validate this.

Long on open in TOL today 7.32 - 1350 vol - Stop 6.95 - Target 7.69

Risk & Return Management

The trades will be entered and exited at the opening auction periods and only 2.5% of previous close. This means I can still get in a trade if it opens higher than 2.5% and then drops to my entry point. If entry is not hit that day the trade will be a non trader.

There ia a strick 5% risk and return setting on every trade of $10 000.
This means for every $500 put at risk there must be evidence of a $500 return.
Trade volumn = $10,000
Profit Target = $500
Stoploss Exit = - $500

All open trades will be exited on the next days open if there is a reversal within system conditions the previous day.

CFD Mechanical Trading Short Term

Overview

Thursday, September 25, 2008

LONG TOL

No comments:

Trade Performance

System Commencing August 2008

Blog Archive

The System

Risk & Return Management

Favourite Sites

About Me