End of Month Still Doing Well

Nov. 27, 2023

As I’ve said a few times, I’m traveling to Melbourne, Australia this week to speak at an Algo Trading Conference.

So we’ll get right to the point.

In this Newsletter, I try to give ideas that will help beat the market and break the spell index funders have put on the world-at-large.

But it’s more valuable (at least to me) if the system ideas are followed up on.

What good is an idea that falls apart five minutes later?

So here’s an idea we talked about a few months ago. Here’s the post and here’s a video talking about it.

It’s an End of Month system on the Russell E-Mini futures contract.

Here are rules once again:

The End of the Month System

Long Only: If the date is greater than or equal to the 28th (and less than the 1st of the next month), Long entries are allowed.

Entry: Price must close above the 100 SMA on a Daily chart.

Target: $750 per 1 contract

Stop: $3,000 per 1 contract

Exit: If price closes below the SMA, then exit that bar on the close.

Here are the most recent trades:

As it is, this system has made it through Bear Markets and has hypothetically done great.

Looking at the recent trades, it might even be improved if we only took 1 trade each time instead of multiple trades.

That said, I’d appreciate it if anyone can tell me why I’m not trading this.

We’ll look at another system in the next Newsletter.

Talk soon.

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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.