BOR is a powerful day trading strategy. BOR can trade any stock that meets the criteria
for day trading. BOR is a trend following system. When a trend is detected, BOR
enters the trade and wait for the market to move in our direction. When our profit
objective is reached or when one of exit conditions is met, BOR exits the trade.
BOR is similar to BXR but entry method is different and trades more often than BXR.
All trades are entered and exited before market close on the same day. There is
no overnight risk using BOR. We recommend trading this strategy fully automated
due to the short term nature of each trade. BOR is programmed in EasyLanguage and
can run on the Tradestation 8.8 or MultiCharts 6.0 trading platform.
Back Testing Results Summary
The BOR trading system was tested on 28 stocks. Back-testing results were excellent
on majority of the stocks. A few stocks that did not perform well; however, it didn’t
show a significant loss. For trade size, we used 1 share per trade; therefore, the
total net profit can be regarded as the number of points gained during the test
period. To get your actual total net profit, just multiply the total net profit
by your trade size. The same input parameters for each stock we back-tested on.
A $0.01 commission per share was deducted from each trade. From our results, we
are confident that BOR will continue to perform well in the future and break new
equity high.
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Risk Warning: Trading financial instruments,
including foreign exchange on margin, carries a high level of risk and is not suitable
for all investors. The high degree of leverage can work against you as well as for
you. Before deciding to invest in financial instruments or foreign exchange you
should carefully consider your investment objectives, level of experience, and risk
appetite. The possibility exists that you could sustain a loss of some or all of
your initial investment and therefore you should not invest money that you cannot
afford to lose. You should be aware of all the risks associated with trading and
seek advice from an independent financial advisor if you have any doubts.
