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Single Prints Forward Test - June 2005


The rules will change this month so I will be outlining the new rules here.

General changes so far:
Starting capital of $10,000 instead of $20,000.
Trade 2 contracts per trade instead of 4.

  • The single print must be less than a month old to be used.

  • The single print must be a confirmed single print.

  • The entry price is one tick inside the single print and an entry will only be recorded if the price touches the single.

  • A stop of one handle will be used.

  • 2 contracts will be traded.

  • First target is 2 points.

  • Second target is 6 points.

  • Commissions will be $5 per contract.

  • Stop will be moved to break even after first target has been reached.

  • Stop will not be trailed after moved to break even.

  • No re-entries if stopped out but re-entries always taken if both contracts are taken off profitably and re-entry is then only allowed on that day. (This is logical because single tick will not be there on subsequent days.)

  • All single trades will be taken irrespective of other news items or announcements that are being made at that point.

  • If multiple singles created in same day or time period then all of them will be traded using the same stops and targets and rules.

  • No overnight carry. Any open contracts/strategies are closed out at 16:10 EST. The first trade price on or after 16:10:00 will be used as the closing price.

  • Positions that are triggered before 16:00:00 will be opened but not on or after 16:00:00 EST.

  • Positions will be opened on or after 09:30:00 EST. If we open in a single trade we will assume an entry price of the first price traded on or after 09:30:00



17 June 2005: Update

No singles print trades and no new single prints created.
20 June 2005: Update

No singles print trades and no new single prints created.
21 June 2005: Update

No singles print trades and no new single prints created.
22 June 2005: Update

1 losing trades today which was off a single that was formed today.

Spreadsheet updated - click here.

Monthly cumulative loss at this point is $910
23 June 2005: Update

2 new singles formed but no single trades triggered.

Just 5 trading days left in the month.
24 June 2005: Update

1 new single formed but no single trades triggered.
27 June 2005: Update

No single prints formed or trades triggered.
28 June 2005: Update

2 losing trades ($420 loss) today and 3 singles filled. First single was not traded because it was already filled at open.

2 new singles created today.

Spreadsheet updated - click here.

Monthly cumulative loss at this point is $1,330
29 June 2005: Update

1 partial winner ($190) today which filled a single formed yesterday.

No new singles created today.

Spreadsheet updated - click here.

Monthly cumulative loss at this point is $1,140
30 June 2005: Update

No trades today.

1 new singles created today.

Total loss for June 2005 is $1,140


Loss for June is 11.4%
Buzz: Just looking at the single trade yesterday and notice that if the single print is created on the same day that it's triggered then there is no VA to compare the opening price against. You will notice that I put N/A in that column in the spreadsheet that I updated today for yesterday's single print trade in the ER2.