EVP-1
The EVP-1 E-mini Nasdaq trading system is based on a pattern initially observed and developed between 1999-2003. It can take both long and short trades intra-day. It begins trading at the open of the trading day and trades through the close.
EVP-1 triggers Nasdaq futures trades based on E-mini S&P signals. The E-mini S&P generates a stronger signal while the Nasdaq has greater follow through on the trades.
This strategy uses a $1,000 stop loss per E-mini Nasdaq futures contract and a $2,000 trailing stop loss. This is one of our few strategies that uses a trailing stop loss. Recent research suggests that we can great improve this strategy with a $700 stop loss per E-mini and no trailing stop loss taking long only trades.
The goal of this strategy is to capture big momentum moves that last throughout the day. There is a fixed stop loss and end of day exit. It is a long term day trade strategy.
The subscription is a closed code annual subscription and is available in the Tradestation and Multicharts platforms.
EVP-1 E-mini Nasdaq
Hypothetical Tradestation Performance Summary
$25 Round Turn Slippage and Commission
12/14/2015 – 12/13/2022
cntrcts – number of shares/contracts to trade
DontTradeIfHoliday – set to True to not trade on holidays
UseMaxDailyEntries – set to True to limit the number of daily entries.
MaxDailyEntries – 1 is the default. Not in effect unless UseMaxDailyEntries is set to True.
UseMaxDailyLoss – set to True to limit the daily loss on a closed bar basis. False by default.
MaxDailyLoss – the amount of daily loss per contract if UseMaxDailyLoss is True.
DailyLossLimit – set to False by default.
DailyLossLimitAmt – the amount of Daily Loss if DailyLossLimit is True.
WeeklyLossLimit – set to False by default.
WeeklyLossLimitAmt – the amount of Weekly Loss if WeeklyLossLimit is True.
MonthlyLossLimit – set to False by default.
MonthlyLossLimitAmt – the amount of Daily Loss if MonthlyLossLimit is True.
LongStartTime – the time of day that long trades can start signaling.
LongFinishTime – the time of day that long trades stop signaling.
ShortStartTime – the time of day that short trades can start signaling.
ShortFinishTime – the time of day that short trades stop signaling.
LongExTime – the time of day that long trades exit.
ShortExTime – the time of day that short trades exit.
StpLsFirstBar – set to True for a first bar Stop Loss.
StpLsFirstBarAmt – the size of the stop loss on the first bar.
StpLsLong – set to true to make sure the stop loss for long trades are on.
StpLsLongAmt – size of stop loss if StpLsLong is set to True.
StpLsShort – set to true to make sure the stop loss for short trades are on.
StpLsShortAmt – size of stop loss if StpLsShort is set to True.
PrfTgFirstBar – set to True for a first bar profit target.
PrfTgFirstBarAmt – size of profit target on first bar.
PrfTgLong – set to true to turn on the profit target for longs.
PrfTgLongAmt – size of profit target if PrfTgLong is set to True.
PrfTgShort – set to true to turn on the profit target for shorts.
PrfTgShortAmt – size of profit target if PrfTgShort is set to True.
DlrTrailLong – set to true to turn on the dollar trailing stop loss for longs.
DlrTrailLongAmt – size of trailing stop loss if DlrTrailLong is set to True.
DlrTrailShort – set to true to turn on the dollar trailing for shorts.
DlrTrailShortAmt – size of dollar trailing if DlrTrailShort is set to True.
StpLsLongPct – set to True to turn on Stop Loss long percentage.
StpLsLongPctAmt – the percentage size of stop loss if StpLsLongPct is True.
StpLsShortPct – set to True to turn on Stop Loss short percentage.
StpLsShortPctAmt – the percentage size of stop loss if StpLsShortPct is True.
PrfTgLongPct – set to True to turn on Profit Target long percentage.
PrfTgLongPctAmt – the percentage size of profit target if PrfTgLongPct is True.
PrfTgShortPct – set to True to turn on Profit Target short percentage.
PrfTgShortPctAmt – the percentage size of profit target if PrfTgShortPct is True.
The time based inputs are based on EST. These inputs will need to be adjusted for the timezone of your computer based on its difference from EST. For example, if your computer is on CST, then LongStartTime should be 845 instead of 945 since CST is one hour earlier than EST.
The stop loss and profit targets are based on a per contract basis. If the cntrcts increases, the dollar amounts for stop loss or profit target do not need to also increase since the stop loss is calculated on a per contract basis.
A stop loss first bar and a profit target first bar are required when having different stop losses for longs and shorts.
