I just wanted to do a quick update on my futures swing trading system I’ve been developing over the past month. I was quite pleased with the results up until recently and feel like I’m back to the drawing board phase.
It sort of hit a wall when a number of markets hit buy signals at the same time and it turned out to not be the best entry when a number of them reversed shortly after triggering. In an attempt to deal with the volatility I’m lowering the number of contracts to one for the time being and I’m altering the buy signal. I could switch to eminis but for now I’m just using a regular contract on the Think or Swim platform.
I’m using the same signals to trigger a buy or short signal, but I’m adding another filter to help with whipsaws. I’m also taking profits a lot quicker. That way I’m not straying too far from what I’ve been doing, but adding enough of a change that may prevent entering a number of positions that could reverse. Let’s see how this effects the next 4 weeks of trading and I’m not going to bother to update the “latest trades” on the site since I’m changing the timing signals.
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