Using The "Milk The Cow" Strategy
Posted: Sat Dec 16, 2006 4:17 pm
Hi TRO and other members,
I have been looking at this strategy and it seems to perform well when backtested using Tradestation. I have found that it looks good on goog, shld, aapl, and some futures like CL I think I found it could has almost a 100% win rate over a 100 day period on CL. I was wondering what "cows" other people are having success "milking". Also, I was thinking about using this as an automated strategy because it seems like I might not be quick enough to execute it by hand. Has anyone tried using this as an automated strategy in TS and what were the positives and negatives of doing this? I was also wondering at what point you close out the position if it does not hit the profit target. I was thinking that it world probably make sense to close out if it didn't work in the first 10 minutes. What are other people's thoughts?
Thanks,
Mike
I have been looking at this strategy and it seems to perform well when backtested using Tradestation. I have found that it looks good on goog, shld, aapl, and some futures like CL I think I found it could has almost a 100% win rate over a 100 day period on CL. I was wondering what "cows" other people are having success "milking". Also, I was thinking about using this as an automated strategy because it seems like I might not be quick enough to execute it by hand. Has anyone tried using this as an automated strategy in TS and what were the positives and negatives of doing this? I was also wondering at what point you close out the position if it does not hit the profit target. I was thinking that it world probably make sense to close out if it didn't work in the first 10 minutes. What are other people's thoughts?
Thanks,
Mike