The Open Range NQ is a trading algorithm was sent out to our Stock Index Portfolio 10 subscribers this past weekend and we are adding the NQ Portfolio 5. It is also a strategy we will add to and track with Sibilance NQ.
In this video, we focus on the Stock Index Portfolio 10 and Open Range NQ. This strategy has a low winning percentage of around 30% based on hypothetical performance. It can have a series of small losses while trying to capture a larger trend. Cut losses, let profits run is the exit approach.
It enters at the beginning of the day with a 50 point stop loss. Today the final hypothetical results were +$8970 per E-mini and +896.50 per Micro. The idea of risking $100 per micro to capture almost $900 or $1000 per E-mini to capture almost $9000 is an approach that we like adding to a portfolio of trading systems. A large account trading 10 contracts would risk $10K for a potential of $90K on a day like today. Historically, it has had 17 losing trades in a row, so there can be extended losing streaks and drawdowns as well. In this type of market environment, we like the opportunities based on the risk.
This is a day trade strategy for the E-mini Nasdaq futures.
This strategy is included in the Stock Index Portfolio 10.
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