27 Dec An S&P Income Stream?
An S&P Income Stream?
Dec. 27, 2023
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This week we’re looking into the possibility of expanding our income streams in 2024.
I’ve talked a lot about Forex since I started writing the Newsletter in 2013.
Now it looks like it might be time to expand into Futures (and possibly stocks and options).
In our last post, we talked about a Nasdaq system that only trades during regular trading hours. It was based on capturing market momentum and not holding trades overnight.
And it did its job. It did its job especially well during Bull Markets.
Would an E-Mini S&P (ES) system do as well?
Here are the details:
The 5-Minute Stochastics E-Mini Breakout
- Long Only Entry: When price breaks above Stochastics Overbought (21 length, 90 overbought).
- Trading Window: Between 9:30-10:00 Eastern
- Target: $800 per contract
- Stop: $800 per contract
Here’s the Report since 2010:
The numbers look pretty good.
Here’s the % Curve on a hypothetical $15k account since 2010 via Portfolio Architect:
Again, it’s another possible income stream that does very well in bullish markets. And, of course, you could add your own filters to possibly improve it.
But here’s the really great thing about Futures.
It’s easy to combine strategies and get great results.
And we’ll look at that in the next Newsletter
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Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.