Trend 8 - No Limits, No Stops - Down, Down, 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:

Damn! I was hoping to use a phrase like "well what did you expect from something that goes down, down, down!" but I can't really. Yet again it is a quick wins one. Doesn't look like it is worth while following up though, becuase even at the quick wins stage you only get 2% return. There are bound to be more riper fruits that are easier to pick.

We will have to come back and test the 1% - 3% marks to see if it works well over a longer timeframe or with a random selection of stocks from the ones that are following this trend.

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