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Contoh Trading Plan

Instrument to be traded
E-mini S&P 500 (ES)

Hardware
Dual monitor (17"+19") PIII 866MHz, 256 MB RAM, DSL VPN connection, TV
(CNBC, CNN etc.)

Software
X_Trader, NexTrend. During actual trading, only X_Trader is open.
NexTrend is used to obtain a visual feel before, after and during (between
trades) the trading day with 1m and 5m charts of ES and NQ (E-mini
Nasdaq-100).

Trading Style
Discretionary, intraday, scalping, mainly trend following, based on price
action. Intraday (5m) trend of market used to determine bias of direction to
be traded. Special focus on selectivity of trades.

Trading Rules
1. Intraday only - definitely no overnights, even for profitable positions.
2. Generally, no positions to be opened before 9:30am. More selectivity
to be exercised during the midday doldrums.
3. Maximum contract size (MCS) = Equity / 5000, rounded to lower
integer for (Equity < $30,000).
MCS = 5 for ($30,000 <= Equity < $42,000).
MCS = Equity / 7000, rounded to lower integer for (Equity >=
$42,000).
Maximum value of MCS is 10.

eg. for $18,000 account, MCS = 3.

This is based on the CME Current Initial Spec ES margin requirement

of $3,563 - any future changes will result in proportional readjustment
of the MCS parameters above.
4. The only factor to be taken into account during trading should be the
short term (5m) trend and not any preconceived ideas no matter how
well-founded, nor other people's opinions.
5. Entry, in the direction of the short term (5m) trend, should be taken
when there is indication of a continuation of the trend as per the SOMP
indicator. In non-trending periods, use SOMP to selectively play the
ranges. The position size should be for MCS and not scaled in.
6. l, the maximum stop loss, is 2 points and p, the profit target is 2
points. In any event, MCS*l should not be greater than Equity*2%.
7. Full exit to be taken when stop loss is reached without exception (ie.
at price e-l, where e is average entry price).

Full exit to be taken upon reaching the profit target (e+p).

(Exit strategy that takes into account different market conditions to be

developed.)
8. A position should not be immediately reversed (after stopping out)
only in extenuating circumstances.
9. Cease trading for the day should the daily loss equal or exceed
MCS*10 points.
Cease trading for the week should the weekly loss equal or exceed
MCS*20 points.
Cease trading for the month should the monthly loss equal or exceed
MCS*40 points.

Cease trading for the day for any deliberate breach of 1 to 8 above.
10. Cease trading for the day after a MCS*4 point (or greater)
retracement from the day's maximum realized profit provided the
actual (end of day) profit is at least MCS*6 points.
11. In the event of an execution error, such as buying instead of
selling, the error should be reversed immediately, and if the original
trade criteria are still valid, the correct trade should be entered into
without too much mulling or regretting.
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Miscellaneous
1. A trading log will be maintained daily.
2. This Trading Plan is a work in progress to be modified
continually.[/List=1]