Dear SaravananKS,
Thanks... Even I have check from 2005 data to backtest the whole thing again.....
This system is not working when there is a sudden rise or sudden fall in the Mkt...I mean to tell in a big trending Phase it's not working....
But this is working nicely in a range bound Mkt.....
Thanks all for their comments.....
This weekend I will include some more indicators (like RSI/MACD/BB) and will back test again to improve the success ratio
Thanks... Even I have check from 2005 data to backtest the whole thing again.....
This system is not working when there is a sudden rise or sudden fall in the Mkt...I mean to tell in a big trending Phase it's not working....
But this is working nicely in a range bound Mkt.....
Thanks all for their comments.....
This weekend I will include some more indicators (like RSI/MACD/BB) and will back test again to improve the success ratio
Well,
I found this very interesting. What my thought is that if you some how confirm whether market is trading or trending, you can use this sys. Using ADX() to market move, say if adx is below 25 then its range bound so you can carry on ur system, when ADX crosses 25 level Get alerted and tighten your stoploss. Its just a thought. Please check this with past data.
johnny