Question for the copperheads

B

ByLoSellHi

Should I wait until the 8,800/ton LME copper price from last summer is retested before going short?

Any opinions would be greatly appreciated?

Also, what if copper breaks down technically from current levels? Do I wait for a bounce?
 
I observe profitable results when modeling long term trend following trading of copper futures. The following results are obtained using 40.16 years of historic price data:

Number of trades 100
Total profit $ 4716995
Profit after subtracting $ 10.00 commission, slippage per transaction: $ 4714995
Heat is 1.00 per cent of equity.
Greatest drawdown is 0.1336 (13.36 per cent).
Cumulative Annual Growth Rate (CAGR) is 117.41 per cent.
CAGR / Drawdown is 8.79
Information Ratio is 0.19
Initial capital is $ 100000
Margin 20 %

Growth rate is about 117 % and greatest losing streak is about 13 %.

You might consider longer term trading of copper futures and simple trend following methods.

<img src=http://www.aeraweb.org/Images/photos/artifact_fish_hook_t.jpg \img>

An ancient Egyptian copper fish hook.
 
It broke out, pulled back, looks like higher?


history.gif
 
You must log in or register to reply here.
Back
Top