IMPA Performance Records

• 1993 - 1998 Five year IMPA Performance Review
  
  * The above IMPA studies are electronic evaluations (review) of our core IMPA position trading system.  This system identifies large longer-term trend changes in the market place (45 markets). Additional timing criteria (not reflected in these studies) helps reduce the number of smaller losses.  Likewise however, its critical that the rules for position management are followed in order to achieve the large gains necessary to show profit after the smaller losses are paid. All systems have losses, whether short-term or long-term, and the key with this system and any system for that matter,  is to manage losses and profits efficiently, as both are realities with all trading strategies and/or systems!  Furthermore,  with all position trading systems, the key is to identify crucial turning points in advance. These are the major turning points that have the capability and probability to produce new significant (large) trends!  The large trends provide the most return (profit) for the risk.  Its important to understand risk as well as profit potential before entering any trade. To much of the time new traders are more focused on the profit potential versus the risk. A critical element of our entry techniques involves identifying and measuring risk upfront. The logical stop (which is how we contain risk) determines the risk of entering a position using our methods.  If that risk outweighs the potential profit, then we do not take that trade. 
  
  Our IMPA has an excellent history in identifying major market turns in advance! For instance, click here to see my report on the Nasdaq top in 2000!  The IMPA identified this top and major turn in advance as you can see in this report!  However, because of the leading characteristics of the IMPA (anticipating turns) it tends to be early.  That's a good characteristic overall as its far better to be early than late, but of course timing is critical as well due to the leverage involved in futures!  Therefore, it is important to combine other traditional technical measures (such as moving averages and other proprietary pattern specific measures) with the IMPA. These traditional technical measures are all derived from the price history (short and long term). The technical measures naturally lag the actual movement in the market. This lag time when combined with the leading characteristics of the IMPA provides the basis for our position trading approach. The combining of our leading fundamental measures (IMPA) with lagging technical based measures (specific moving averages) are crucial elements of IMPA position trading system.  The other crucial element is the most elusive and difficult to track over time. These are the patterns.  Patterns tend neither to lag or lead as they form real time and are often subjective.  Previous patterns can not be tracked very well in the historical performance (through back-testing).  Therefore these measures (patterns) are not included in the above IMPA studies. Please keep that in mind when reviewing those studies. The addition of our pattern recognition improves the overall performance of our core IMPA measures by improving timing.