The Next Candidate For My Portfolio

The Next Candidate For My Portfolio

May 29, 2024

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This week we’re talking about a new portfolio I want to take live.

I want something that doesn’t daytrade and can be left in the market for years to come.

The idea is that this portfolio is like an index fund, only exponentially better.

In the last Newsletter, we looked at the first candidate, and it was a breakout system on the Nasdaq E-Mini. Today, we’ll look at its friend, the S&P 500 E-Mini.

While logic would dictate that these two are identical and it would be stupid to put two correlated systems in one portfolio, I’ve found that the NQ and the ES are not that identical. They can look quite different sometimes.

So let’s take a look at the ES version.

Here are the details:

30M S&P 500 E-Mini Band Breakout (ES.D)

  • Long Only Entry: When price closes above the Upper Band (Length 100, st dev 1.1), enter at Open of next bar.
  • Target: $1000 per contract
  • Stop: $700 per contract

We can already see huge differences. The ES version has way more trades because the standard deviation is much lower and the targets are very different.

Here are a bunch of recent trades:

Here’s the Report via Portfolio Architect:

And the Curve on a sample $20k account:

It’s definitely not as good as the Nasdaq system but they might work well together.

In our next Newsletter, we’ll add two more candidates and see how the whole portfolio stacks up.

Talk to you 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.