Reviewed on:
June 6, 2003

• The table below lists our system-generated trading signals and the corresponding trading results that were achieved.
   
• As of October 2002, all outcomes represent 'real-time' trades. Data prior to this date is the result of back-testing.
   
• On May 31, 2003 we incorporated a new stop loss procedure into our trading system. Our current stop-loss system includes the following parameters:
   
  • Stop-loss criteria are hard-coded into the system and posted together with a signal as soon as it is issued;
  • Our stop-loss strategy is 100% mechanical; once issued, stop-loss percentages cannot be increased;
  • Stop-loss prices are calculated on the basis of the particular security's closing price on the same day a signal is issued;
  • Stop-loss percentages are calculated for a particular signal on the same day a signal is issued;
  • Stop-loss percentages may vary depending on the security traded, the signal type, and the strength of the prevailing market trend;
  • Once a signal has been posted, stop-loss percentages cannot be increased;
  • Stop-loss percentages may be reduced after a signal has been posted; however, they may not be reduced under any circumstances;
  • For long positions: Stop losses may never be lowered (this could potentially increase losses), but they may be raised (in order to limit losses);
  •  For short positions: Stop losses may never be raised (this could potentially increase losses), but they may be lowered (in order to limit losses);
  • If the stop-loss threshold is hit during market hours, our system will automatically generate a "cash" signal that will be published at the same day.
     
• At the request of our subscribers, our research group has back-tested the new stop-loss policy in order to determine how changes would affect the performance of future signals. (Click here to see what changes were made);
   
• Click here to see the most current trade history (including the back-tested trades prior to June 2003).