came across this System on Ed Seykota's site:
The System Rules:
1. Place a buy stop to cover shorts and to go long at the 210-day high.
2. Place a sell stop to liquidate longs and to go short at the 210-day low.
3. Size position so that risk to protective stop = 7% of current equity
http://www.seykota.com/tribe/charts/Donchian/Default.aspx
Anyone has an opinion on it?
Seems that you continue to be short up to a 210 day and vice versa, and how can you position size this?
The System Rules:
1. Place a buy stop to cover shorts and to go long at the 210-day high.
2. Place a sell stop to liquidate longs and to go short at the 210-day low.
3. Size position so that risk to protective stop = 7% of current equity
http://www.seykota.com/tribe/charts/Donchian/Default.aspx
Anyone has an opinion on it?
Seems that you continue to be short up to a 210 day and vice versa, and how can you position size this?