Yes the system only buys oversold conditions and only shorts
overbought conditions, it does not chase breakouts, or break downs.
It takes well timed trades when the conditions are right,
then it sits in cash and waits for the next opportunity.
The system has worked in all market conditions, bull market,
bear market, sideays choppy market, however it has actually done
better in this QE manipulated market, for example the
profit factor is 862 if you take the system back to the start of
2009 with 100% winning trades on both longs and shorts, thats nuts.
That's means you 1 dollar was lost for every 862 made
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Yes the system only buys
SPY system and short webinar
Posted by matt on 6th of Apr 2011 at 01:00 pm
Yes the system only buys oversold conditions and only shorts overbought conditions, it does not chase breakouts, or break downs. It takes well timed trades when the conditions are right, then it sits in cash and waits for the next opportunity.
The system has worked in all market conditions, bull market, bear market, sideays choppy market, however it has actually done better in this QE manipulated market, for example the profit factor is 862 if you take the system back to the start of 2009 with 100% winning trades on both longs and shorts, thats nuts. That's means you 1 dollar was lost for every 862 made