Replies to post #11355 on ETF SWING & DAY TRADING

[kenwong]

mvpsignalsystem: re Add on Rules (MVP)

Thanks for sharing this, Steve. It provides a good example of how you personally use and apply your rules. It's one thing to suggest using rules. But it's especially helpful to see an example of one, too.

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Posted by: mvpsignalsystem
In reply to: mvpsignalsystem who wrote msg# 11323 Date:11/8/2005 1:30:15 PM
Post #of 11359

Add on rules for mvp version 21 series

If you use all your cash to buy Profunds on an original mvp buy signal, you have to wait 30 days before it becomes usable as margin equity to buy more. If the 30 days passes and mdy hasn't risen more than 7%, you can then buy more according to the broker rules of how much cash is avaliable as margin. Funds are not treated like stocks, it usually 1/2 as much as you have in the funds.

If mdy has risen more than 7%, it becomes chasing and not worth it, imo.

This message is linked to prior messages explaining various aspects of the program.

[jstri]

How much more of a performance improvement did you gain if you took advantage of this leverage on all of the prior instances ?

I've been toying with the idea of opening a profunds account and trading the UMPIX/UIPIX on the MVP signals rather than, as I have been doing, using SP e-minis futures (which seem to reasonably match the performance of using UMPIX/UIPIX). This "MDY rising less than 7%" rule seems counter-intuitive to me in adding an extra position if the position is showing a gain . I'd rather do it on a drawdown..??

[mr_cassandra]

mvp-notes-110905-5:21 - sample spreadsheet

I distribute a free zipped excel file of version 7.7.3 to anyone who requests it via e-mail to [e-mail] by stating they understand I'm not offering investment advice and this is an obsolete version, no longer in use.

The purpose of this is to demonstrate with a real excel file, the basis of any current version I talk about and/or am using.
The old version definitely allows the interested reader to explore the style and structure of what I do.

In addition, beyond discussion of theory, it shows you how you can apply theories into a mechanical system. The beauty of programs like wealth-lab, mvp or whatever is you can see how a theory works over time, not just what you can see on a chart.

Plus, if you are comforatble and ambitious with excel, you could take whats in there and form your own work.

As always this post is a reply to the one(s) before it which are a chain of overviews and/or analysis on the mvp program(s).