We would like to thank everyone that participate in the ‘Beat The Seeker’s Strategy’ contest and to congratulate our winner Ori.Z who won the $2500 cash prize.
Yes, Mr. Ori Zolberg won $2500 by meeting our contest T&C. His Strategy ‘B.RSI_S.SMA’ runs with his defined Universe ( 34 securities ) ‘HI_VOL’ with an impressive 12 months P&L of * 112.86% *, MDD as low as 3.11% and remarkable average exposure of 43%. If you invest $100,000 in his strategy on October 2012, you would have now $212,860.00 in your broker account :]
More statistics, the strategy issued 207 trades (relative low number, meaning less commission and still OK) in which 183 are long and average P&L per trade of 3.28%.
While this is a great and viable strategy we would like to draw your attention that the position size is 50% of the total capital ($100,000) and max positions is 2- represents a high risk strategy ( due to high exposure to a single security in the portfolio). However, it is a viable strategy with good total exposure and it meets our contest T&C.
We expect to have additional contest in the future, so keep check our site and more important, practice your strategy development skills so you will be ready to win our next contest!
Have a great trading day,
Strategy Seeker team!