Ed Mamula.com

Results since last update (2 weeks):

Cable Glider — 1 win, 0 losses, 1 missed win

Euro Ranger — 1 win, 0 losses, 1 missed win

Darth Fader (ES) — 0 wins, 0 losses

Scalp — 3 wins, 0 losses

Last week, the systems were completely idle.  This week, I caught one nice short side move with the Cable Glider, and I nailed a top with a discretionary long side exit with Euro Ranger.  I shut the systems down prematurely for the week, but each system proceeded to have another winning trade that I missed.  It’s actually nice that the systems outperformed my discretion for once…as I’ve said in prior posts, almost all of my gains this year are from discretion, when in fact I’d prefer to trade systematically. 

I’m trying to learn how to scalp trade effectively, and I placed a few positive trades this week.  It’s not really my style at the moment, but it does feel like a solid way to expand my trading skill set. 

I’m at a new equity peak for the year (+30.9%), and thankfully, for the first time since January, so are the DESword systems.  Each new peak is an affirmation that the systems are still working.  I’m a little bit more skeptical about Darth Fader, but at least it has contributed positively to the overall actual (and walk forward) return this year.

Onward and (probably and eventually) upward.

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.