3:45pm: CCI system moves to a buy. For stats, I will track TNA but any long ETF that correlates reasonably well with SPY makes for a fine trade. Profit Factor for all long trades is 3.13 (TNA) and 3.23 (SPY).
JTSystem is on a hold signal and remains 50% long TNA.
We are likely getting a CCI buy signal today. (I will confirm later) The JT system will remain 50% long with a hold signal.
The CCI system has been tweaked to maximize profits...and to go long in a "short-biased" environment. No longer does it have a 90% winning rate on long trades, it is only 83%. :) But it produces more trades now and has a better profit factor.
I will break down all the stats in a dedicated post, but since the CCI is going long today I wanted to post a little snapshot.
Average return (SPY) on all long trades: 0.81%.
Average return (SPY) of just the winning trades: 1.43%
Average return (TNA) on all long trades: 3.26%
Average return (TNA) oj just the winning trades: 6.04%
Gotta run...will post profit factors later today! Thanks!