Matt, that is exactly right, Just one good tool in the bag. It
is one I suggest to people who don't follow the markets as a way to
stay on the right side of the big picture. It's like playing
golf or fishing, you don't have just one club or pole. at least
that's what I tell the wife. Oh, how was shopping last night? were
you a good boy?
When the market trends it's fine, when the market chops, well it
chops you up.
You guys gotta back test
these things. 2004 was particularly bad and would have
chopped you up a lot using only that
Here's the statistics going back to 1960 if you traded the 13/34
EMA cross
Profit factor = 1.28
Percent Profitable = 32.5% winning trades, 77.5% of the trades are
losers.
Matt, that is exactly right,
13/34 ema
Posted by ditch on 16th of Mar 2011 at 03:20 pm
Matt, that is exactly right, Just one good tool in the bag. It is one I suggest to people who don't follow the markets as a way to stay on the right side of the big picture. It's like playing golf or fishing, you don't have just one club or pole. at least that's what I tell the wife. Oh, how was shopping last night? were you a good boy?
When the market trends it's
Posted by matt on 16th of Mar 2011 at 03:28 pm
When the market trends it's fine, when the market chops, well it chops you up. You guys gotta back test these things. 2004 was particularly bad and would have chopped you up a lot using only that
Here's the statistics going back to 1960 if you traded the 13/34 EMA cross
Profit factor = 1.28
Percent Profitable = 32.5% winning trades, 77.5% of the trades are losers.
Buy and hold, 100K turned into $1.7 Million
13/34 system, 100K turned into 255K!!
http://breakpointtrades.com/blog/search.php?search=13%2F34+&topic=All-Topics&poster=matt&startdate=&enddate=&page=1