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.

Friday, September 26, 2008

Stroke of Luck or potential disaster

Well this was a first...

I arrived home today expecting my STOP on AMP to be executed but instead it wasn't.
A message appeared in my message box that I was not permitted to SHORT SELL. mmm strange, I wasn't intending to sell short.

I rang my CFD Provider and asked why was the order classified as a short and he explained that because I didn't pair up my orders, I put 2 orders in 1 for my target and 1 for my stop, the program thought I was short selling and cancelled my order.

He then went on to teach me how to pair with an OCO order( One Cancels the Other) Exellent tool, but I hope come Monday that it won't turn out to be an expensive learning lesson.

Well all orders are reset to OCOs and so we continue with the trade.

Oh yeh.. AMP finnished on 6.88, the same as Thursdays close. That means I have another crack at it.
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