"system sensitive enogh to get you out when the tide really turns, yet keep you in the real trend." This sounds pretty much like the definition of the "Holy Grail," doesn't it? Unfortunately, it's a mite elulsive.....
I don't often post systems here, but tonight I feel like an exception....Here's one I find fits an uptrending stock pretty well, and does get you out pretty cleanly. It's no good for short term traders, though. Dahl is a pretty good preselector, but almost any trend detector will work.
In WoW:
Enter long:
c>ref(hhv(c,long),-1)
Exit long:
c<ref(llv(c,short),-1)
Where:
long = 50 periods
short = 6 periods
I apologize for no flurry of parentheses, multiple indicators, interlocking stacks of conditional "if" statements and pages of instructions on how to make it work; but when it comes to real money, I much prefer simplicity.
Bill |
