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I do not believe I posted what was mentioned but I did have a similar
concept worked on.
1. Uses 30 min bars of Advancing NYSE issues
2. Uses 30 min bars of Declining NYSE issues
3. Uses 30 min bars of the S&P 500 futures
4. Has built in a 7/17 day moving average cross to establish a trend
5. Must stay in that trend for at least 3 days after established to
enter a trade via a 6 hr moving average cross of the Advancing /
Declining issues.
6. It has a profit target and a trail.
It chops out a number of bad trades. It was formulated on 2000, 2001
and 2002 data and retrograde back tested for '98 and'98...showing
profitability for 5 years.
It averaged about $70,000 per year...but is not nearly as good as
what Ben has developed...and not tested realtime like his. It is in
the process of being evaluated in a walk forward.
I will be happy to share it if it looks decent realtime...but the
particulars are noted above...and there are people a lot smarter than
I on this list who can improvise on this.
John
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