Power Emini ES Momentum Target System Trade Alert History
How To Interpret The Daily Performance Graphs
Targets that were hit are shaded in green and show the points scored from the Alert Price to the Target. The column on the left shows the hit rate and points for Target 1. The columns on the right show the hit rate and points for all 3 Targets.
Target 1 Hit Rate Summary
April 2020 Targets Hit and Points Summary
NOTE: Stats prior to what you see above are not relevant as the Momentum System was recently modified to include “dynamic targeting”. Any changes to an automated system such as this mean that results going forward will be different from those prior to the when the system was changed. So the stats for the “prior system” no longer matter because that’s not what is running in the software now and going forward.
Keep in mind that the Points shown are based on the distance from the Alert price to the Targets and don’t account for the slippage associated with placing a “market order” when an alert is triggered. This is for the sake of simplicity. Your actual fills may be a few ticks or a few points above or below the Alert price and we’ve found that over a large series of trades it basically evens out.
Also keep in mind that different traders can trade the Momentum Target system differently. That’s why this is not an official Track Record.
One trader may choose to go in with 1 contract and shoot for Target 1 on each alert. Another might trade 2 contracts and shoot for T1 and T2. Yet another might enter with 4 contracts, sell 1 at each of the first 3 Targets and hold the 4th contract until the trailing stop gets hit. It’s even possible to scale out different numbers of contracts at the different targets. That’s a reasonable strategy when trading the MES Micro contract. We recommend that you take 1/2 the position off at Target 1 no matter what number of contracts you are trading or what additional scaling method you use.
Keep in mind that The Statistical Edge is Gained Over The Series.
In other words, there will be days where the market simply doesn’t get any “traction” and there’s no significant directional move – and you get stopped-out. However if you trade the system and stick with it each day (trade on Sim for a couple weeks) and track it on a daily basis – you will see that it pencils out over the series. The end of each week is a good time to review that past week’s trades – rather than focusing on any one day.
The system “quants out” with an extremely high degree of accuracy over time.