Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Night Owl

Discussion in 'General Discussion' started by Anil, May 3, 2018.

  1. Anil

    Anil Member

    Has anyone tried Night Owl yet? If so, what has been your experience so far? Have you had much success?
     
  2. Chris I

    Chris I New Member

    Night Owl evaluation

    I decided to evaluate Night Owl by trading with a minimal allocation and keeping a trade log for one month. See attached.

    Trade log notes:

    The log consists of notes I made for myself so may not be 100% accurate.

    Allocation: one contract for * entry, one contract for the first # entry, and one contract for the second # entry, for up to 3 contracts for /CL and 3 contracts for /6E.

    Profit target: * entries target B and # entries target A.

    To my surprise I made many beginner's trading errors as I formed new trading habits. In addition to the actual P/L, I estimated the P/L if errors had not been made. By the fourth week the error rate had improved a lot.

    The P/L and estimate exclude commission.

    “No trade” means that Night Owl did not determine a direction. “No * entry” means that price did not retrace to the * entry price.

    Conclusions:

    Night Owl has the potential for being a profitable trading system. What Mark and Jim told us about Night Owl is substantially correct although I did not verify specific claims.
     

    Attached Files:

Share This Page