Sector Selection / IWM comparison, part 5
Part 1, without Billy's pivot help:
IWM 6.51%
XLU 0.91%
Difference -5.60%
Cumulative -5.60%
Part 2, with Billy's pivot help:
IWM -2.21%
XLK 0.00% (i.e. the trade never hit the stop loss and remained active)
Difference 2.21%
Cumulative -3.39%
Part 3, with Billy's pivot help:
IWM -1.79%
XLK 1.31%
Difference 3.10%
Cumulative -0.29%
Part 4, with Billy's pivot help:
IWM -2.11%
XLK 0.00% (i.e. the trade never hit the stop loss and remained active)
Difference 2.11%
Cumulative 1.82%
Part 5, with Billy's pivot help:
IWM -2.39%
XLK -2.00%
Difference 0.39%
Cumulative 2.21%
Pivot only cumulative (Part 2-5) 7.81%
[B][I]***NOTE: updated the results as XLK got stopped out as well.[/I][/B]
Once again, as shown in the difference between the first trade and the others, the test could not be conducted without Billy's pivots.
I'd also like to note that there is no way ANY model could reliably operate under unprecedented conditions. We have had, for the first time in history, a President actively [I]trying [/I]to spook the markets. It was only a few days ago when his spokesman scowled into the camera and threatened, "Buy and hold; see what happens." This is completely outside of the parameters of any mechanical algorithm, and one that WOULD operate correctly here would quite likely not work any other time.
Given that, my test is still in the first of four stages (two long and two short sequences). We are still in the first long sequence, and comparison of my sector adaptation to the IWM baseline is still early. The relative performance at the moment could still just be odd luck.
While I'm happy to be the guinea pig, it's still early in a live beta test.
Tim
8/3/2011 XLK still the selected long sector
The long sector is XLK.
Had the Robot gone short the short sector would have been XLE.
I am attempting to enter with the IWM Robot at the following settings:
XLK long 24.96, with stop at 24.41
[B][I]***NOTE: the XLK buy limit executed at 24.96.[/I][/B]
IWM stop (question for Billy)
Buy on IWM hit at 76.05; I've adjusted the stop to 73.82 accordingly.
Billy, please let me know if this is incorrect. I'm trying to follow your IWM model exactly per your ruleset.
Tim