Re: About to RE! :-)
Justin, thanks for reading the blog. You have three questions.
1) How did I do it. The answer is having the expert-system scanning the entire market, and applying technical analysis "open rules" that state that statistically a security showing "DESC" pattern(s) has good chances to follow its bull run (there were other open trades, but my risk parameters on my account did only enable for one pick on that day). It could have been down -11% for the day (it went -5% in the hour following the open), I would not have move one eyebrow as the stop is a bit further away (given the volat of that stock). I prefer it +11% - sure - but let's give it some time, when it'll be up 107% as dobson communications I got in on 06/14 @ 3.30, I'll say good pick :-)
2) As you say in the US, no parking - no business. On the blog I said no trend no return. The period 90-94 shows some trend but not enough for a trend following system like mine to make big money. Well, do not lose either which is not bad as it is whipsawed quite some time. The system needs trend, up or down, but some good trend to leverage and get those high returns.
3) The system took three great years to develop, of design, programming and testing. I've been trading my monies (and some others) since the start of the bull run in May 2003. Removed some kind of bugs or better say design oddities and paid for it with real buck, but overall the account has progressed well and the system is stable and running since Oct 04 (same version of the code). Of course backtesting has been done on all available data (back to 29 trading indexes on the Dow). Let's wait and see if I'm very rich in 10-15 years :-) . I'm already ERed which I enjoy and spend my time developing my trading systems instead of kissing the boss and corporate white ass...
I'm thinking of creating a blog with and ERed portfolio (say 100k) to have it sun daily by the system and drag some of you along with me in my trading automation adventure. Any thoughs on that ?