Note: Click on buttons under <WaveRider System> on left side bar to view individual commodity P&L details, the equity curve, and suggested portfolios.

WaveRider ^TM System Description 

and Portfolio Statistics

The WaveRider trading system is longtermtrading.com's answer to the Turtle system  - WaveRider requires you spend 1/10 to 1/50 as much time to implement and trade as the Turtle system and our profit/drawdown ratio blows it away . The WaveRider system is so named because it catches the very longest and broadest waves in the market. Position lengths extend from a week or two if you are quickly stopped out to up to 2 years in what are sometimes referred to as megamoves. These are the ones that can put from $15,000 to $30,000 per contract into your pocket. 

The WaveRider trading system, like the Turtle system, is a reversal system in that a trader generally reverses from long to short and vice-versa. The only exceptions are if a money management stop is hit subsequent to entry or if a profit retention stop is hit during the course of a move. In this event the position is exited and the trader awaits a new signal to enter in the same or opposite direction. The WaveRider system is viewed in its most simple form as an adaptive price channel breakout system with a profit retention-based and a money management stop.

Position lengths extend from a week or two if you are quickly stopped out to up to 2 years in what are sometimes referred to as megamoves. These are the ones that can put from $15,000 to $30,000 per contract into your pocket. WaveRider averages about 3-4 trades per year per commodity. 

The following tables display a track record summary obtained by applying the WaveRider system to the standard 21-commodity portfolio from 1/1/1970 - 6/30/2011 and include $100 per trade for commissions and slippage.

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Portfolio Statistics    01/01/1970 to 6/30/2011   WaveRider System 

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Total Net Profit          2,472,417.00  
Gross Profit              6,260,177.00  Gross Loss               -3,787,760.00
 
Total # of Trades             3,950.00  Percent Profitable              40.81%
Number Winning Trades         1,612.00  Number Losing Trades          2,338.00
Largest Winning Trade       106,225.00  Largest Losing Trade         -6,375.00
Average Winning Trade         3,883.48  Average Losing Trade         -1,620.09
Ratio AvgWin/AvgLoss              2.40  Average Trade                   625.93
 
Avg Days Winning Trade           12.90  Avg Days Losing Trade             4.70
Avg Days (win + loss)             8.00  
 
Max Drawdown                 65,295.00  Drawdown to Equity               2.68%
Profit Factor                     1.65 

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