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Crossbow Swiss Trading System |
Buys Dips and Sells Rallies - 78% Winning Trades - Smooth Equity Curve
Click on the Dates below to view each year in a separate window.
Purchase this System for $250.00
| Background: The Crossbow System identifies the direction
of the primary trend in the Swiss Francs and then enters only on dips or sells
short only on rallies. This highly accurate system was carefully designed
to complement our Strategic Swiss System which is a breakout style trend
following system. Strengths of the system: The Crossbow Swiss System has been carefully designed to allow it to quickly recognize the direction of the prevailing trend and then to search for accurate low-risk entry points. We have also designed a simple set of exits that are able to let profits run without giving back too much of the open profits. The Crossbow System was designed to be much quicker to exit than the Strategic System and should therefore be less dependent on the length of the trends. This quick to enter and quick to exit system should be able to trade the intermediate swings extremely well. Trading one contract since 10/17/88 would have resulted in a hypothetical gain of $101,300 with a maximum drawdown of only $5,500. The system is extremely accurate with 78 percent winning trades (52 winners out of 67 trades), and the winning trades were larger than losing trades by a factor of 1.3 to one. There were 11 consecutive winners and the maximum consecutive losers in the test period was only 2. Weaknesses of the system: This system relies on spotting temporary corrections within the framework of a trend. However, the risk of waiting for corrections to enter is that we might someday miss a big trend that moves a great distance without a correction. In this system we need frequent counter-trend dips and rallies to provide low risk entry opportunities. To make sure we capture those rare but very profitable trends that have very few corrections we would recommend simultaneously trading a breakout system like our Strategic Swiss System. The entry and exit techniques of these two systems were carefully designed to complement each other. Summary: The Crossbow System is intended to be a highly accurate trend following system designed to enter long on dips and sell short on rallies. Because the system holds winning positions for an average of 16 days and the winning trades average $2500, each day spent in the market is very rewarding. The system testing results have clearly demonstrated that this system is capable of having a very high percentage of winning trades with relatively low drawdowns. These characteristics make the equity curve very steep and unusually smooth. The simple logic behind the entries and exits is easily understood and the strategy should prove easy to trade in real time. |
| Performance Summary: 10/17/88 to 9/30/99 | |||
Includes $100.00 per trade deducted for slippage and Commissions |
|||
| Total Net Profit | $101,300.00 | Open Position P/L | $00.00 |
| Gross Profit | $130,000.00 | Gross Loss | $-28,700.00 |
| Total # of Trades | 67 | Percent Profitable | 78% |
| # Winning Trades | 52 | Number Losing Trades | 15 |
| Largest Winning Trade | $10,337.50 | Largest Losing Trade | $-2,875.00 |
| Average Winning Trade | $2,500.00 | Average Losing Trade | $1,913.33 |
| Ratio avg Win/ avg Loss | 1.31 | Avg Trade( Win & Loss) | $1,511.94 |
| Max Consec. Winners | 11 | Max Consec. Losers | 2 |
| Avg Bars in Winners | 16 | Avg # bars in Losers | 12 |
| Max Intraday Drawdown | $-5,500.00 | ||
| Profit Factor | 4.53 | Max Contracts Held | 1 |
| Account Size Required | $5,500.00 | Return on Account | 1842% |
| Performance Summary: Long Trades 10/17/88 to 9/30/99 | |||
Includes $100.00 per trade deducted for slippage and Commissions |
|||
| Total Net Profit | $63,712.50 | Open Position P/L | $0.00 |
| Gross Profit | $77,200.00 | Gross Loss | $-13,487.50 |
| Total # of Trades | 38 | Percent Profitable | 79% |
| # Winning Trades | 30 | Number Losing Trades | 8 |
| Largest Winning Trade | $10,337.50 | Largest Losing Trade | $-2,875.00 |
| Average Winning Trade | $2,573.33 | Average Losing Trade | $-1,685.94 |
| Ratio avg Win/ avg Loss |
1.53 |
Avg Trade( Win & Loss) | $1,676.64 |
| Max Consec. Winners | 11 | Max Consec. Losers | 2 |
| Avg Bars in Winners | 16 | Avg # bars in Losers | 12 |
| Max Intraday Drawdown | $-4,400.00 | ||
| Profit Factor |
5.72 |
Max Contracts Held | 1 |
| Account Size Required | $4,400.00 | Return on Account | 1448% |
| Performance Summary: Short Trades 10/17/88 to 9/30/99 | |||
Includes $100.00 per trade deducted for slippage and Commissions |
|||
| Total Net Profit | $37,587.50 | Open Position P/L | $00.00 |
| Gross Profit | $52,800.00 | Gross Loss | $-15,212.50 |
| Total # of Trades | 29 | Percent Profitable | 76% |
| # Winning Trades | 22 | Number Losing Trades | 7 |
| Largest Winning Trade | $6,900.00 | Largest Losing Trade | $-2,600.00 |
| Average Winning Trade | $2400.00 | Average Losing Trade | $-2,173.21 |
| Ratio Avg Win/Avg Loss |
1.10 |
Avg Trade( Win & Loss) | $1,296.12 |
| Max Consec. Winners | 8 | Max Consec. Losers | 1 |
| Avg Bars in Winners | 15 | Avg # bars in Losers | 11 |
| Max Intraday Drawdown | $-4,875.00 | ||
| Profit Factor |
3.47 |
Max Contracts Held |
1 |
| Account Size Required | $4,875.00 | Return on Account | 771% |
The hypothetical performance data above was generated using Omega TradeStation, with $100 deducted per trade for commissions and slippage. In our opinion, the account size required and return on account calculations may not accurately reflect the actual account size required to trade this system nor the return to be expected. Past performance is not necessarily indicative of future results.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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Last updated on 02/24/03 05:54:38 PM
