I believe it's supposed to be on a print through, so it's
already printed through the recent low of 27.70 and since Matt said
it just went on a buy a few hours ago that has to be one of the
shortest KISS trades out there.
it just came off two nice back to back winners, the odds of the
3rd trade being a whipsaw was high, considering that the system
only has about 48% winning trades, so 1/2 the trades
are losers, that's typical of a lot of the KISS systems, they
have quite a few losing trades with small draw downs, but make up
for that with trending moves/trades it catches. Though a lot of
other KISS systems have around 55 - 65% winning trades on other
ETF's and stocks.
Remember GDX is a bugger for trends therefore a low winning % is
normal, because of the nature of GDX it's not easy for a long only
trend system. The 78 min and 1/2 day versions were decent. higher
time frames like daily were just not adaptable enough because GDX
rarely enters uptrends lasting months
GDX 78 min KISS
Posted by matt on 1st of Nov 2023 at 11:02 am
it went back long, stop at recent low
Matt, is the stop on
Posted by bulf6285 on 1st of Nov 2023 at 12:37 pm
Matt, is the stop on a closing basis or if it prints through?
I believe it's supposed to
Posted by victorh on 1st of Nov 2023 at 12:50 pm
I believe it's supposed to be on a print through, so it's already printed through the recent low of 27.70 and since Matt said it just went on a buy a few hours ago that has to be one of the shortest KISS trades out there.
it just came off two
Posted by matt on 1st of Nov 2023 at 01:07 pm
it just came off two nice back to back winners, the odds of the 3rd trade being a whipsaw was high, considering that the system only has about 48% winning trades, so 1/2 the trades are losers, that's typical of a lot of the KISS systems, they have quite a few losing trades with small draw downs, but make up for that with trending moves/trades it catches. Though a lot of other KISS systems have around 55 - 65% winning trades on other ETF's and stocks.
Remember GDX is a bugger for trends therefore a low winning % is normal, because of the nature of GDX it's not easy for a long only trend system. The 78 min and 1/2 day versions were decent. higher time frames like daily were just not adaptable enough because GDX rarely enters uptrends lasting months
clarification, recent low was 27.80
Posted by victorh on 1st of Nov 2023 at 12:51 pm
clarification, recent low was 27.80 which it just printed through - last 27.76