The web site www.tactrade.com presents a method that is a mixture of indicators and discretionary methods. Each day there is a summary of the trades for the day. Taking the trades from 2 months in the summer of 2001 there are 252 trades. The probability of a winning trade is 64% and the average profit expectancy is $78.64 per trade. Here are the results for a $6,000 initial equity with commissions included.
The whole ending equity curve shows a strong profit after commissions.
Drawdown is also small even with a small initial equity.
Comparison with trades from later dates is very consistent with the results shown here. This is a method which consistently performs day after day. Be aware that this is not a purely mechanical system.
Last Update - 2002.12.28
Copyright 2002, Larry Sanders