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Hi Robert,
There is a free website called www.wealth-lab.com
where people share system ideas. Its primarily
for stocks, but there are some futures traders
there too. As with anything, there are some good
systems and some bad ones, but plenty of
sharing. Most of the contributers there believe
you can reveal your system without any adverse
affects because most people would never trade it
anyway, no matter how good it was due to the
different styles/temperments of traders. Whether
or not this idea has merit is another debate I
guess. What I do like about the site is that
there are several traders there that really know
their stuff about system development and they
share it freely.
Regards,
Kirk
> --- Original Message ---
>Sent: 11/28/01 21:25:32
>From: mugsnug@xxxxxxxxx
>To: omega-list@xxxxxxxxxx
>Subject: Sharing trading systems, improved nr.
of cons. losers
>
>Ok, I took the comments serious about the nr. of
losing trades (26 in a
>row).
>Here is a slightly adjusted system (it trades
max. 5 times a day that's all
>I changed).
>As you can see the parameters have hardly
changed (it doesn't do much to the
>bottom line but I would also prefer 12 conseq.
losses above 26). Max conseq.
>winners stayed the same with 7.
>
>The system makes (almost) exactly 50% on the
long and 50% on the short side
>(starting on 1998/1/1 I do not have data before
that).
>
>I have always understood that the profit factor
should be 1.5 or greater, in
>here it is 1.66 (with $180 comm/slipp., almost
2.0 without commission).
>
>Why do not many people seem to favor the idea of
sharing/exchanging systems
>?
>
>Full report available upon request.
>
>New SYSTEM SPECIFICS:
> Total Net Profit $1,223,150.00
> Gross Profit $3,086,480.00
>
> Total # of trades 1,482
> Number winning trades 504
>
> Largest winning trade $40,000.00
> Average winning trade $6,123.97
> Ratio avg win/avg loss 3.21
>
> Max consec. Winners 7
> Avg # bars in winners 59
>
> Max intraday drawdown ($57,690.00)
> Profit Factor 1.66
> Account size required $57,690.00
>
>
>
> Open position P/L $1,590.00
> Gross Loss ($1,863,330.00)
>
> Percent profitable 34.01%
> Number losing trades 978
>
> Largest losing trade ($18,500.00)
> Average losing trade ($1,905.25)
> Avg trade (win & loss) $825.34
>
> Max consec. losers 12
> Avg # bars in losers 16
>
>
> Max # contracts held 1
> Return on account
>
> 2120.21%
>
>===============================
>Robert Linders
>Orlando, FL
>email: mugsnug@xxxxxxxxx
>===============================
>
>
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