Peter
Even though you say someone need 5 minutes to trade the system, the reason why people like me want to subscribe to an EOD system is that they have full time jobs and do not have that 5 minutes during the trading session to place orders. They might be in a meeting, out in the field, etc. They want to go home in the evening and look at the signals and place their orders for the next day. It still takes 5 minutes to place the orders, but I decide when in the evening I want to spend that 5 minutes and not when the system tells me to.
Again, what if someone place their orders each day at around 15:00, or 12:00. Does that make their system less of an EOD system then yours? A system which have orders filled at 10:41 can still be an EOD system. This is very possible that the night before you set a stop order for a specific price and it just so happen that the order get filled at 10:41. It could be filled at any other time, but the order is still placed the night before and I do not have to be available during the day. This is EOD trading.
For me the definition is very simple. Do I have to be available during the trading session to place orders? If yes, then it is intraday. If no, then it is EOD.
This is most likely why you are not having subscribers. (I assume you don’t from your postings. Apologies if you do have subscribers.) The only way for people not being available during the day to trade your system is to use TradeBullet, or some other type of Auto-Trading. And the people your system is market at, typically don’t want to go through all that complications. They just want to get an order every day to be placed for market open tomorrow.
Chris
Ah. Sorry Randy, that I confused you with someone else. I agree that reviews are valuable when the equity curve is not realistic. Perhaps traders are generally not the kind of people that share valuable things with strangers…
Jules
Chris
Thank you, I definitely get your point. So let me see how this would have traded next day open:
I know, the following is a mess, because I copied a Word document, if you want me to send you the doc, just write me an email…The last number is the $ difference, so +360 means next day MOO made $360 more than MOC.
DateTradeMOCMOO+/-
11/4/05S(15)+345+360
11/08/05B(1,000)(210)+790
11/17/05S(4,080)(4,590)(510)
11/28/05B+ 5,839+ 5,010(829)
12/07/05S(180)(180)0
12/08/05B(2,659)(1,639)+1,020
12/15/05S+ 2,500+3,030+530
12/19/05B+1,110+1,940+840
12/28/05S(920)(1,250)(330)
01/03/06B5,3607,280+1,920
01/10/06S1,3801,430+50
01/17/06B7,3698,870+1,501
01/25/06S(1,080)(1,395)(315)
02/03/06B(7,290)sorry, no data
02/09/06S1,8301,215(615)
02/13/06B7,0497,425+376
02/21/06S(450)(945)(495)
02/28/06B(600)(1,395)(795)
03/03/06S5,0405,985+945
03/07/06B3601,005+645
03/08/06S1,6491,605(44)
03/09/06B2,9093,735+826
03/10/06S(749)1,035+1,784
03/13/06B6,2098,550+2,341
Totalall trades29,58139,566+9,995
Anyway heres your end of day system. For the existing record, fills at next days open would have made 33.5% more profit, minus slippage, but commission included.
Unfortunately I could not verify the results for the big loser on 02/03 (data gap, due to computer down
), so I just assumed the same amount.
I will continue this record, although I wont trade MOO, because the markets open at 3:30 am where I live.
Thank you again for pointing that out to me.
Peter
Hi Peter
If you know this already, just ignore my post.
You can park orders at C2 until a certain time. This is what I use. I park my orders for the indices until 9:30 EST when the markets open. For real trading, I use Interactive Brokers which also allow me to put a time on when the order should become active. I am sure other brokers allows that as well.
Regards
- Fanus
PS:
But I think we are waaaay of track on the original aim of this thread. I myself am also not too happy that there are so few medium and long term systems listed on the Best System lists and Chris’ point above is valid. There are SOME long term systems. How can none of them be the best. I firmly believe this is because of the way Sharpe Ratio gets calculated and being used in the rankings. I inquire about that before; there were lots of discussion, but the net result was no change in the end.
Thanks Fanus
I have them blocked here until 16:14, and don’t want to change in mid-system to MOO, but I will keep watching it and will keep a record of it. I write you a private email, so you can let me know the order type because I am with IB as well.
Peter
Randy,
Thanks for bringing up the painful memory 
W
Pal: I have to admit that you talk a good trade but your systems don’t appear to back what you preach.
Also are you sure that you don’t offer your systems that appear on C2 to the public? Your website:
http://www.therootofallgoodismoney.com/
seems to suggest otherwise.
Anyway, if nothing else, you seem like a very very good marketeer.
Thanks. Currently there are only two methods open to public:
1. Midas Med-Term (Prudent)
2. Midas Ultra Long-Term (Conservative)
The price for the subscription directly reflects how they compare to each other and to other systems.
