Yes I agree, the mechanical MA systems by their nature, when the
MA's cross they are overbought or oversold. They work if you
take every trade and let the stats work out, but not all the trades
are winning trades and sometimes with SRS or SKF you can have a 10%
losing day, but overall the stats work out if you do every
trade. They are not good for discretionary trading as Michael
has said.
Plus, these systems are something that you really need to set up
on your own charts. Very easy to set up with real time
streaming charts, it's better to have hem on your system than us
trying to send emails out that take time and might get to you
late. These systems are the most basic of mechanical systems
and are not complicated.
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Yes I agree, the mechanical
SRS/SKF
Posted by matt on 17th of Mar 2009 at 09:51 pm
Yes I agree, the mechanical MA systems by their nature, when the MA's cross they are overbought or oversold. They work if you take every trade and let the stats work out, but not all the trades are winning trades and sometimes with SRS or SKF you can have a 10% losing day, but overall the stats work out if you do every trade. They are not good for discretionary trading as Michael has said.
Plus, these systems are something that you really need to set up on your own charts. Very easy to set up with real time streaming charts, it's better to have hem on your system than us trying to send emails out that take time and might get to you late. These systems are the most basic of mechanical systems and are not complicated.