absolutely, this method is out the window for now. But it does work on downtrends as well, for in 2008 this strategy yielded the most returns and it was a massive down curve. This is just following the trend, if you catch it then you make money, if you don't then its just backtesting on a piece of paper.
This is how I made my money. (Detailed methods reveiled)
- Thread starter e121c
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absolutely, this method is out the window for now. But it does work on downtrends as well, for in 2008 this strategy yielded the most returns and it was a massive down curve. This is just following the trend, if you catch it then you make money, if you don't then its just backtesting on a piece of paper.
Does yours?
-8% since inception in an up trending market.......
You dont long and short simultaneously, I think the OP worded it in a confusing matter but I understood what he said.
I think an apology is in order from the offending guys.
I think an apology is in order from the offending guys.
step 1: go long huge overnight expecting to profit next morning
step 2: wake up next morning to find ES locked limit down b/c of black swan
step 3: goog suicide hotline
step 2: wake up next morning to find ES locked limit down b/c of black swan
step 3: goog suicide hotline
Don't forget that you got lucky. Had you done the same from 2002 to 2004, you'd be scratching your head now; from 1992 to 1997 and you'd be crying now (I ran your strategy). Also this year, the strategy is a loser.
Nothing wrong with dumb luck but I suggest you take the money and run (unless you develop something worthwhile).
Nothing wrong with dumb luck but I suggest you take the money and run (unless you develop something worthwhile).