Friday 31 August 2007

TRIN Oscillator - Emini System

The TRIN Oscillator Emini system signaled short today. The Emini closed up 15.25 points at 1,476.75 on Friday. Volatile day today with a gap up, three pushes higher and then profit taking on large volume at the end of the day. Net result - a doji day.

The Emini has a tendency to rally the last couple of days of the month AND leading up to a holiday. This week we have these two events coinciding and right on cue we had a rally after Tuesday's drop. After the long weekend, where to next? My best guess is a downswing in the Emini:

  • The 135 minute Hilbert Sine Wave has peaked and is about to cross;
  • We've had No Demand volume patterns in the Emini on the last 2 days;
  • Doji patterns usually show market uncertainty; and,
  • The TRIN Oscillator Emini system has signaled short.

TRIN Oscillator System Signal Image

TRIN Oscillator Emini System Signal

I seem to be posting a lot of articles about the TRIN lately. Maybe I'll write about something else next week, but I had to show you this Emini system. It is based on the TRIN Oscillator and take trades after "hook" patterns. The chart above shows the latest "hook" pattern and the last 2 trades using this system. Trades are entered on the Close and exited on the next turn of the TRIN Oscillator.

TRIN Oscillator System Performace Image

TRIN Oscillator Emini System Performance

The screen grab above shows the performance results of this Emini system. It signals 8 to 12 times a year, generates a very healthy 4.88 profit factor, has an average winning trade of over 30 points and winning trades almost twice the size of losing trades. Using some very simple money management you can get the total profit over $54,000 and the average trades over $1,000. All with 1 line of code for each entry and each exit.

TRIN Oscillator System Equity Curve Image

TRIN Oscillator Emini System Equity Curve

The equity curve of the system is shown in the chart above. Performance was a little flatter in 2005 and 2006, but I'll take what I can get - especially when this is part of a suite of non-correlated systems. Anyway, I plan to release the system as part of the Better TRIN indicator package, so look out for it. Good luck with your Emini trading.

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