NEW TRADING SYSTEM

While I have recently fully embraced the E trading system, I had some time to finalize a project that I have been putting together for quite a while. As usual, I want to publicly test it prior to throwing out any code.

I intend to use it on a daily chart. It will provide an entry signal and a target exit price. The anticipated time in a trade can range from a day to perhaps weeks. Depending on the stock and the projected move. I will post entry signals and projected moves (based on closing price on day signal fires) and progress updates. What I do not have is an exit point if it is wrong. So far, in testing, every trade could have been profitable even if it did not reach it's projected price.

So to start things rolling, I offer the following predicted trades. All were chosen based only on the fired signal. Entry price is calculated as the closing price.

Direction entry price projected price

BAX long 67.37 69.31

STX long 55.79 57.20


ADBE short 80.04 77.35

CAT short 88.63 86.82

I hope it will be a successful project

waiting for results ..

MTUT- Looking forward to hearing more about your trading system. Sounds interesting

New trades added

CF

REGN

GILD

SBAC



Edited 1 time(s). Last edit at 12/27/2015 04:33PM by mtut.

New trades added (click the link below to view a spreadsheet of all the trades)

NFLX

ILMN

XOM

ABBV


CAT hit the projected price and is sold



Edited 3 time(s). Last edit at 12/27/2015 04:34PM by mtut.

Two new entries and no exit



Edited 1 time(s). Last edit at 12/27/2015 04:33PM by mtut.

.



Edited 1 time(s). Last edit at 12/27/2015 04:34PM by mtut.

Here is how the trades sheet looks. The last or current price is updated during market hours.

The Red arrow shows a trade that is closed
The Yellow arrow points to the current gain or loss
The Green arrow shows tabs that you can click on to see the trades for each month



Edited 1 time(s). Last edit at 12/27/2015 04:35PM by mtut.

Two more trades exceeded the expected move. SBAC and TXN sold today



Edited 1 time(s). Last edit at 03/13/2016 10:57AM by mtut.

Have stopped adding new signals and simply monitoring the 20 I have. Currently 7 have achieved the projected moves in two weeks of trading. A few, such as NFLX and ILMN had gains of over 5.00 per share a some point but have since moved against me. REGN has never been positive and is 19.00 against me at this time so I am not sure that this signal is going to work well. Perhaps in some time other than this transitional zone. I will continue to update these trades and have started adding some Daily time frame E trades. Testing entry when the E signal fires on the Daily along with ADX, Money Flow and Trend.

My initial testing of this system provided me some insight and although the trading results were bad, I was able to make some improvements based on the findings.



Edited 3 time(s). Last edit at 03/13/2016 10:57AM by mtut.

In one week I have more than doubled my practice trade account. Started with only 1,000.00. Current value is 2,212.50



Edited 1 time(s). Last edit at 12/27/2015 04:35PM by mtut.

MTUT,

Keep up the good work! I have been killing the trades on the "E" system. I have done 31 trades in a row, and last Friday I had my first looser. I'm interested in your new system.

Provide me some details on your losing trade

Congrats!! on the wins. I have never experienced anything like this.



Edited 1 time(s). Last edit at 07/14/2015 10:59AM by mtut.

MTUT,

It was on NFLX. Entered at 9:50 I had been out in the shop and came in and had all clear, and jumped in. It never rebounded. Cut my loss pretty quick. I missed AMZN this morning. Wasn't at my computer.

What do use to enter off of, once you have all clear?

New signals for today

Bought CMG and FB puts at 3:50







Edited 2 time(s). Last edit at 07/14/2015 03:15PM by mtut.

MTUT:

Is this based on the E system method using longer multuple timeframes? I've added LNKD and the SPY to the E system. AAPL has earnings on Tuesday I believe and it will be interseting to see how the E system 'reads' it...

This system has nothing to do with E signals. I am testing it to have something for big chart traders but have not come up with anything concrete yet

Eager to learn more.

mtut, do you mind share your coding? so we can test out the system, or maybe we can help to make system work better in short period of time. Thanks in advance.