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SR CounterTrend IV Crude Oil

The SR CounterTrend IV Crude Oil trading system is derived from the SR CounterTrend II trading system and developed by modifying the support and resistance calculations from a more proprietary calculation using 12 days of data to a more simple method of adding 50% of the previous day's range to the open for resistance and subtracting 50% of the previous day's range from the open for support.

This strategy was added on December 8, 2018 in our trading systems blog. It is a selective trading system that also tests well on pit data going back to 1987. The SR CounterTrend IV trading system is fully automated and is designed for the Tradestation, NinjaTrader, and MultiCharts trading platforms.


On December 22, 2018, we tested the pit data for this strategy. The results are impressive and give us additional confidence in this strategy setup. We made this video on 12/22/2018. The results in the video include $25 round turn slippage and commission while the reports below the video do not include slippage and commission. The video includes SR CounterTrend II as well as SR CounterTrend IV for Crude Oil.

In Tradestation, the symbol for the continuous contract for Crude Oil is @CL. When testing pit data, the @CL.P contract is used since .P denotes pit data. On 9/5/2006, the crude oil futures market began primarily trading intra-day on the electronic markets while before 9/5/2006, crude oil futures were primarily traded on the pit markets. This is why the report is divided up between electronic @CL and @CL.P.

 


Tradestation Hypothetical Performance Summary
SR CounterTrend II Crude Oil (CL.P)
01/02/1987 - 9/05/2006
No Slippage or Commission
Price is not required to exceed the limit for fills

Tradestation Hypothetical Performance Summary
SR CounterTrend IV Crude Oil (CL)
12/05/2006 - 04/19/2019
No Slippage or Commission
Price is not required to exceed the limit for fills