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A while back there was this guy who kept posting somebody's newsletter to
the list. I found this pretty obnoxious, but was out-voted on the list. OK,
now here's another case. Thankfully this guy spares us the actual content
of the newsletter. But people are way more upset this time. Hmm...
Who needs this junk anyway? If anyone thinks that backtesting and technical
analysis is useless let me offer the following. Works on SP daily charts in
particular. It's just an example.
1. C < Open for three days in a row. Also H < Highest(h,3).
2. Open next bar > L.
3. If so then buy next day limit C.
4. Set a stop a mile away.
5. Exit is up to you!
6. Also include some rules to reduce size or not trade if the volatility is
beyond a certain point.
7. There may be some other rules to fine-tune / filter things. Can't
remember at the moment.
Backtesting from 1985 to the present, trading 2 contracts, the System
Report shows a Net Profit of 348480.00, with a drawdown 10,465.00.
Regardless of which newsletter I read!
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