fill gap

automatic trading: 6 trades, 5 win, 1 lose. Net P/L: +$154(+4R). I started system half hour later after market open and missed 2 trades. It is very nice to see most trades are profitable.

Market quickly tested 1095 level and bounced back. It is a solid up trend in afternoon. It closed at this week’s highest level and closed Monday’s downward gap. If next Monday/Tuesday we can close above 1200, I will say the bear market will be on hold unless we see a new low under 1000.

up, down and DOWN

automatic trading: 9 trades, 2 win, 7 lose.  Net P/L: -$182(-4.5R).

After two days up/down/up training, today market decided  to break the pattern. It went up to break yesterday’s high, then pull back to make a new intraday low. In last two days, the market jumped up to make a new high, but not today. It sold off hard until it reached 1115 support line.  I could not help thinking the big players trained traders in last 2 days just to set up the trap so today they can sold off in last hour.

Repeat: up,down and up

automatic trading: 11 trades, 8 win, 3 lose. Net P/L: +$95(+2R).  I changed my risk money from $50 to $40 today which decreased my potential profit.  One trade ran too fast that I lost $50 for that trade.

Market repeated itself today. It went up, down and up an last. It closed above Monday’s high. If it closed above 1200 tomorrow, it will effectively have a up trend with a higher high and higher low. Let’s see what it can give us in next two days.

up, down, up again

automatic trading: 8 trades, 3 win, 5 lose. Net p/l: -$88(-2R). Choppy session stopped out several trades. Looks my new strategy stopped out more easily than my old one.

Market went up and then down, and then up again. It’s hard to stay in one trade without giving back profit.

down trending day

automatic trading: 6 trades, 1 win, 5 lose. Net p/l: -$23 ( -0.5R).  My maximum unrealized P/L was $200, but later on those trades all gave back the gain. I need to work on my strategy to lock my paper profit.

Market sold off after several days climbing.  It hesitated around 1115 level and broke down in last hour.

November Automation Trading Result

As Ninja Trader counts one trade with partial fills as multiple trades, the statistics from its account performance cannot be used to reflect the real statistics.  I exported the trades to Excel and calculated manually. Here is the major numbers:

• Total Net Profit:  $289 (+7R)
• Gross Profit:    $2610.73
• Gross Loss:    $-2321.74
• Commission:  $358.61
• Profit Factor:  1.12
• Max Drawdown: $-553.27
• Total # of Trades:      175
• Percent of Profitable:  41%
• # of Winning Trades:  72
• # of Losing Trades:  103
• Average Trade:      1.64
• Average Winning Trades: $36.25
• Average Losing Trades: -$22.54
• Ratio avg. Win/avg. Loss:  1.65
• Max conseq. Winners:  4
• Max conseq. Losers : 10
• Largest Winning Trade:  $272.12
• Largest Losing Trade: $-53.93
• # of Trades per Day:    10.3
• Avg Time in Market:  28.4 min

The total accumulated profit equals to first day’s profit and equals to the largest winning trade’s profit. The profitable percentage (41%) is ok.  And winning trades is larger than losing trades in average(1.65). These are good parts.  The disappointed numbers are consequence losing trades (=10) and the maximum draw down($-553).  Also commission is pretty large ($358).

I am thinking several changes to the strategy regarding position size and exit/stop strategy, like adding profit target, round the shares to 50/100 numbers, increasing R to 50 so the commission part is less.   I will use next 4 days to test my ideas.

trending day

automatic trades: 5 trades, 3 win, 2 lose.  net p/l: +$4(+0R).  I finished one month automatic trading and I will summary it in next post.

After yesterday’s inside day, with coming Thanksgiving holiday, market rallied all day long. Nasdaq closed around its intraday high and up total more than 4%.

inside day

automatic trading: 11 trades, 6 win, 4 lose, 1 b/e. Net p/l: +$90(+2R). Most gain came from ZION trades.

Today market traded within yesterday’s range. It tested 1115 three times and couldn’t break down.

continue up

automatic trading: 4 trades, 2 win, 2 lose. Net p/l: -$30(-1R).

Market opened at 1110 and never looked back. It finished the day up more than 6%. It also cleared next resistance level 1140.

bounce

automatic trading: 11 trades, 4 win, 7 lose. net p/l: -$6(-0R).

After 2 days sell-off, market bounced back in last hour. It rise from lowest 1020 to highest 1090 in last one hour. Option expiration day did some amazing work. Next week market may test 1110 again and then resume its down trend.