Trend 6 - No Limits, No Stops - Down, Up, Down

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Rules:

Data set taken from 01/01/10 to 31/03/10

Trading Type: Stocks
Start Time: 08:00
Finish Time: 16:00
Stop Loss: None
Limit: None
Long/Short Trading: Long
Buy Rule:
-7 Day Close > -2 Day Close

-2 Day Close < -1 Day Close

-1 Day Close > 0 Day Open

Sell Rule:

If Day 0 Profits at Close > x% then take Profits; else

If Day 1 Profits at Close > x% then take Profits; else

If Day 2 Profits at Close > x% then take Profits; else

If Day 3 Profits at Close > x% then take Profits; else

Day 4 Close take Profits/Loss

Results:

Report:

Wow!! OK, three months return of 48%! OK. Now I have to breathe! So we might have found our first golden trend. The Avereage trades is good at 54 each day which means we get a good selection. It also means that any huge trades are evened out by the low trades However, I am slightly worried by the maximum trade being nearly 2500% and the minimum beng only -39%. However the risk to reward is obviously good and the return speaks for itself.

Now I don't want to jump right in here head first without doing a bit more scouting. This one will be first on my list for some more rigorous testing to see about timeframes, percentages, random selections and more. Keep yourselves posted because I will make sure we get some good data on this and if it works out well. Well, you can do what you want with the information.

Let's chalk it up and we will definitely revisit this later! (Read here for the full report on this trend!)

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