Fdax: 1 buystop and 1 sellstop per day

THIS JOURNAL IS ONLY FOR MY PERSONAL PURPOSE, FORCING MYSELF TO STRICT RULES, METHOD AND DISCIPLINE AS FOLLOWS:

1) instrument: 1 contract FDAX (march 2015);
2) every day (mon-fri) from 8.15 to 8.30 CET I will place 1 buy stop order (with SLoss and Target) and 1 sell stop order (with Sloss and Target);
3) Profit/Loss Ratio is 1: 1 (more or less) on average 30 points (750 euro per order);
4) only from 17.30 to 18 CET I will check the daily result and delete the pending orders not executed.

Notes:
a) on january I will NOT place the "One Cancels the other condition", meaning that both orders (buystop and sellstop) are valid until 17.30-18 check;
b) on january I

Are your S/L trailing?

Hi VORO,
there's no trailing SL, only 1 fixed SLoss and 1 fixed target per order.
I will NOT place the "One Cancels the other condition" because in the backtest often one loss has been compensate by one target hit in the same day.
Backtest from the last 2 months (starting from 27 nov 2014) seems too good to be true : 26 times target hit , 1 day no order hit and 6 times stop loss hit, but this is the past and the only thing that matters in trading is the future. Unfortunately for me I haven't trade this system until now and I only saw his good performace during these last months (perhaps due also at the great volatility exploded in european markets in Q4 2014).
That's all. I have 20 trading days in january and firmly believe that greatest weakness in trading is the human element. If the january result will be good I will continue, otherwise amen.
I will post the entry orders and the result twice a day : first at 8.30 CET and second time at 18 CET.
THIS JOURNAL IS ONLY FOR MY PERSONAL PURPOSE, FORCING MYSELF TO STRICT RULES, METHOD AND DISCIPLINE.

nice! good luck!

Buystop 9752 (stop 9717 target 9779)
sellstop 9699 (stop 9733 target 9672)

Result of the day: -8 points

buystop order: Stop loss hit -35 points
sellstop oder: Target hit +27 points

Buystop 9515 (stop 9470 target 9555)
sellstop 9430 (stop 9480 target 9390)

Guess that you are trading the breakout of the asian range (or something close) ... Am I right ?

Result of the day: +80 points

buystop order: Target hit +40 points
sellstop oder: Target hit + 40 points

Result of the week: +72 points

Hi FerruFx,
DAX Future belongs to EUREXCHANGE in Frankfurt/Zurich and his trading hours is from 8 to 22 CET, so I know only the data from the previous day and not from Asian Trading. Maybe there are platforms that offer DAX CFD during european night, but this is not my case, and I think is a different story from the real DAX Future.
I noticed that this instrument respond very well to this simple system, but unfortunately I saw these very impressive results only as observer till 2014. You know the past is the past and nobody knows the future but I decide to start trading this system from 2015. Let's see what happen until the end of january.

Yes my chart give a range in Asian market (attached pic). That's why my thought was you were trading the break of these ranges.

Buystop 9542 (stop 9502 target 9572)
sellstop 9475 (stop 9515 target 9445)

Result of the day: -80 points

buystop order: SLoss hit -40 points
sellstop oder: SLoss hit - 40 points

Result of the week: -8 points

Buystop 9705 (stop 9660 target 9745)
sellstop 9630 (stop 9675 target 9595)

Result of the day: -5 points

buystop order: Traget hit +40 points
sellstop oder: SLoss hit - 45 points

Result of the week: -13 points

Buystop 9860 (stop 9819 target 9898)
sellstop 9790 (stop 9835 target 9755)

Result of the day: -86 points

buystop order: SLoss hit -41 points
sellstop oder: SLoss hit - 45 points

Result of the week: -99 points