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TurningPoint (ES) Trading System
To learn more about this system,
Call 800.669.8838/312.987.0043 or Email us» . |
Developer: Jeff Pilsmaker |
Market Sector: | Stock Indexes |
Markets Traded: | |
System Type: | Swing Trading |
Risk per Trade: | varies |
Trading Rules: | Not Disclosed |
Suggested Capital: | $16,000 |
System Cost: | $50.00 Monthly Subscription |
Results Available?: | Yes View Performance» |
System Description: | TurningPoint is a position trading system Trading the ES mini. The system detects waning momentum and takes a position in the opposite direction. The system uses profit targets and stops. It does not use trailing stops. Waning momentum is also used to exit a position. When exiting a position on waning momentum if certain criteria are satisfied the system will take a trade in the opposite direction. It is not unusual for this system to take a position before the market actually turns. Long positions have a smaller profit target due to the choppiness inherent in most up moves. A wider stop on the long position helps with the more choppy nature of up moves. The system is 100% mechanical requiring no subjectivity to trade. On average it trades about 15-20 times per year. With an average time in trades ~10 days, with ~21 days between trades. The system has one addtitional optional capability. In backtesting, the system does not experience a significant number of consecutive losses. The majority of losing trades are followed by a winning trade. TurningPoint takes advantage of this by allowing the user to double up after a losing trade. It does require more margin but backtesting has shown that drawdown is not significantly impacted. |
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