December 10, 2010

Automated Trading System Review

Hi guys! Once again we had a great day of discretionary trading with our simple rules and easy to learn patterns, but lets see how our automated trading system worked on these Friday morning markets.

Gold Futures was the big winner of the day.

Short off the highs for +600usd

Long off the new swing lows for -200usd

Short from the swing highs for another +600usd

And then we go back to the lows for another long for +600usd

3 winners = 1800usd

1 loss = -200usd

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Now lets check out the Euro currency future, another one of our favorite day trading markets that also does amazingly well with our automated trading software.

The euro only took 2 trades in the past 2 days, and you can see 1 winner and 1 loss. Normally this would be a problem, but with our wide targets and tight stops we aren’t worried at all.

Our drawdown is ROCK BOTTOM, we only take 1/5 trades per day…its almost the perfect situation for an auto trader. Take a look.



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And lastly, lets check out the Crude Oil Futures, one of our personal favorites. We make a LOT of cash trading the crude with our simple rules and patterns, but lets see if our auto trader can handle this whippy rollercoaster futures market.

We can see an easy short off the highs (we took the same trade in the room today shortly thereafter with a wave pattern short off the highs) for a winner, and then took a loss trying to buy the lows.

We earned 90 ticks coming down, and then gave back 30 ticks on the stop.

Not a bad day taking 2 trades and earning $600usd (60 ticks) on only 1 contract.

Remember, these stats are only 1 contract, the sky is the limit folks

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    schooloftrade

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