Results since last update (2 weeks):

Cable Glider — 2 wins, 0 losses

Euro Ranger — 2 wins, 1 loss

Darth Fader (ES) — 0 wins, 0 losses

More of the same over the last couple of weeks.  The systems’ win percentage is high, but the size of the wins is small.  Almost every trade is offering an opportunity to override the exit signal to improve the result.  Last week I did not override any exit signals, and I had a Cable Glider trade close with a tiny profit that I wanted to take sooner.  I also saw a Euro Ranger trade turn from a profit to a loss last Friday.

This week, I did override a Cable Glider system and took a profit instead of a loss.  I let Euro Ranger run without overrides, and it went 2 and 0, though the second win was quite small.

It’s another new equity peak for the year for me.  Year to date returns now stand at 26.9%…but again, the new peak is driven by these discretionary overrides.  These overrides have been the source of all of my profits this year, but a quick glance back to last August (in the chart below) shows that my discretion isn’t magical, and I’ve not yet been able to translate any of my discretionary exit rules into mechanical ones.

 

I picked up a copy of Larry Connor’s “Short Term Trading Strategies That Work”, because I keep hearing such good things about it.  Hopefully that will help to stimulate some new research ideas.