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The 4% system just got a signal to sell its position at the open Thursday
6/25, for ~ a 4 % profit. It went long on Tuesday, 6/16 @ the close, 1087.59.
As you recall, the 4% system BUYS when the S&P corrects 4% and then goes up.
It sells if (a) it rises 4%, (b) it drops 4%, or (c) it crosses below a
parabolic.
The SuperChart code is as follows:
IF: C[1]< .96* HIGHEST(H,15)[1] and c>c[1]
then: BUY this bar on the Close
IF: C<.96*(EntryPrice) OR C CROSSES BELOW PARABOLIC(.00175) OR
maxPositionProfit> .04* EntryPrice
then: EXITLONG next bar at the market
Profitable 78% with an average trade profit of 9.10 S&P points (back to 1984).
Best Regards,
Jerry Rehert (grehert@xxxxxxx)
Atlanta, GA
@ 10:36 pm, June 24th, 1998
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