channel breakout

[Paul Cote <cote@xxxxxxxx>]

Systems Designers:

In supercharts, I have set up a system gotten from Krutsinger's secrets
of the masters.  The system is by Rich Saidenberg.  You creat two
indicators that form a band.  The top indicator is the 3 day moving
average + two times std deviation of fifteen bars, the whole thing
offset by ten [10]  The bottom band is 3 day moving average minus the
std deviation thingy.  Now, when you close above the top line, you go
long, when you close below the bottom line you reverse.  This sytems
seems to nearly mirror a channel breakout ala turtles.  Curious if
others have tried such a system.  This system is very easily programmed
into supercharts.  Preliminary results are attractive albeit you get a
lot of intraday drawdown, however it seems to perform very well.

Paul Cote