Replies to post #11621 on TRADING 04 FUTURES

[TeaCake]

It seems to run hot and cold. He would hit streaks where he nailed targets. Other times not so much but he has the experience to make it work (probably very well for him).

Todays close left me with a "it's going up unless it goes down or sideways" feeling so I checked his model to see if it had targets open and mentioned it.

For lack of anything better, I am guessing we follow the channel and go up?

[jaws57]

I just did a backtest on Gleno's starting on 2May.
It produced 10 shorts and 5 longs if I am interpreting his buy rules correctly.

I used the following assumptions:

1. Used TNA not SPX/SPY
2. Entry was at the closing price the day the signal was given.
3. Exit was a limit sell order equalling his target SMA.(this is tricky since it constantly changes)
4. If the signal was already past the SMA then no trade.
5. Shorted TNA instaed of buying TZA.

This test made over 25% before commission ($210 thru Scottrade)
Not sure if this is just a hot run or not. Seems too good to be true. Im going to check it out further.

There were only 2 losing trades, both when the CCI100 went below 0
on the short trades. Also half of the sells were on the next day open. Gapped past my target making even more. Like today, the CCI100 target was 77.22 SMA140. TNA gapped down to $76.62 at the open triggering the sell.

This is my first post, I like what I see here on this board. I trade Renko some and I followed RENKORON's posts. Ive also used the RRA in the past also.

EDIT: Backtest was based on a daily chart.