None of my individual trading strategies with slippage and commission will probably impress you. I develop strategies differently than most traders that I know. There is a reason why I do it this way and it took years to understand it. There are so many websites and marketing materials with so many straight-line equity curves that make you think straight line equity curves are the goal. It would seem that this is a normal way to approach algorithmic trading and that you can impose your required trade statistics, that make you comfortable, with a computer algorithm.
Since most of those strategies are optimized, there is a much greater advantage in taking a different approach. I will cover this topic in much greater detail in my next book release in 2025.
The idea is to have a group of strategies "that are pretty good" (but not perfect/optimized) for every type of market pattern and regime and place them in a portfolio. I discuss this approach and types of strategies included in a portfolio starting at 2:43 in the video.
We have an extended video today on the topic of portfolio development, Stock Index Portfolio 18 in Multicharts Portfolio Trader - going over all the statistics for the portfolio and individual equity curves. We look at all the signals today in Tradestation for the One Million MNS 130 as well as the Stock Index Portfolio 18 on the E-minis and Micros.
The hypothetical results for the One Million MNS 130 was +1.49% today and the 250K Portfolio was up +$2.9K while the Stock Index Portfolio E-mini was up $4,440 with the Micro version up +$442 hitting its 9th day in a row of equity peaks. These are hypotheticals.
Our strategies don't typically go on this type of winning streak....
I typically have more live results, but I missed one of the hottest streaks of the year since it started right when I went into surgery last Tuesday and I didn't want to leave automation running while I was under anesthesia, followed by pain pills for a few days after. I also don't like to start at equity peaks and risk the worst case drawdown. I traded on August 1 and 2 and did not trade the Monday before my Tuesday surgery August 6th.
I am glad for my subscribers and the validation of the results. I am 100% healthy now and looking forward to a good entry point.
The move higher in the metals going into the weekend was curious as precious metals continue to move higher. The VIX continued lower to 14.80. Stock indexes seem to be determined to rip higher and re-capture highs with constant dip buying.
The strategies have done really well in this type of market environment and have taken advantage of some of the recent choppy days, becoming less dependent on trend days.
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