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Dunno why the gif didn't go through...
>Here is a S&P system with a $1 stop (effectively $25, one tick) :)
SP U0-Daily 07/06/1999 - 07/27/2000
Performance Summary: All Trades
Total net profit $ 150400.00 Open position P/L $ 0.00
Gross profit $ 150400.00 Gross loss $ 0.00
Total # of trades 53 Percent profitable 100%
Number winning trades 53 Number losing trades 0
Largest winning trade $ 18650.00 Largest losing trade $ 0.00
Average winning trade $ 2837.74 Average losing trade $ 0.00
Ratio avg win/avg loss 100.00 Avg trade(win & loss) $ 2837.74
Max consec. winners 53 Max consec. losers 0
Avg # bars in winners 0 Avg # bars in losers 0
Max intraday drawdown $ 0.00
Profit factor 100.00 Max # contracts held 1
Account size required $ 0.00 Return on account 0%
>Obviously, you would lose nearly every trade in the S&P with a 1 tick stop,
>but given the nature of bar charts (OHLC is the ONLY data TS4 sees in a
>given bar), TS will let you "win" every trade with a trailing stop if the
>floor (or profit target) is tight enough to capture the range beyond your
>entry. Meanwhile, in real life, intrabar movement would have stopped you
>out.
>
>Bouncing ticks tries to remedy the situation, but IMHO only confuses the
>issue. TS help and the manual cover this in detail.
>
>Try your system with no stops, and see if it is the "system" or the stops
>that are making money.
>
>Bill Wynne
>TradeWynne@xxxxxxxxxxxxxxx
>
>
>
>>From: "Jerry & Cora" <jerryandcora@xxxxxxxx>
>>To: <realtraders@xxxxxxxxxxxxxxx>, "L_Omega" <omega-list@xxxxxxxxxx>
>>Subject: I dont't believe it, But this is what trade station is giving me.
>>Date: Wed, 26 Jul 2000 13:36:20 -0700
>>
>>Seems to good to be true. I am tying to write a simple system in trade
>>station. It is giving very good results with this one being one of the
>>better. Since joining this group I dont trust trade station but wonder if
>>I
>>could have inadvertently set it up to give unreliable but encouraging
>>results. I have been tweaking and optimizing the system and get good
>>results, This report is on data not optimized except on other data.
>>
>>
>>
>> TradeStation System Report - bigfoot1 F-Daily (12/05/1997-11/05/1999)
>>
>> Performance Summary: All Trades
>>
>> Total Net Profit $177,310.00 Open position P/L $0.00
>> Gross Profit $182,460.00 Gross Loss ($5,150.00)
>>
>> Total # of trades 195 Percent profitable 53.00%
>> Number winning trades 103 Number losing trades 92
>>
>> Largest winning trade $1,910.00 Largest losing trade ($120.00)
>> Average winning trade $1,771.46 Average losing trade ($55.98)
>> Ratio avg win/avg loss 31.65 Avg trade (win & loss) $909.28
>>
>> Max consec. Winners 7 Max consec. losers 5
>> Avg # bars in winners 0 Avg # bars in losers 0
>>
>> Max intraday drawdown ($460.00)
>> Profit Factor 35.43 Max # contracts held 1,300
>> Account size required $460.00 Return on account 38545.65%
>
>...snip
>
>
>
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