this system is a simple trend following system that cuts losses short and lets profits run. As with all trend following techniques, It will draw down during consolidation and will have more losses than wins so expect some psychologically tough times and extended losing periods.
Its strength however, lies in its built in pyramiding. By adding to winning positions, the trends that come along will wipe the floor with the losses.
Other advantages are that
- simple rules to follow
- you will always be in positions, satisfying the desire to trade
- entries are done with pending stop orders so no need to constantly watch the screen waiting for signals
- You will always be trading in the direction of the the market rather than against
Nicely done Kharvell
Its strength however, lies in its built in pyramiding. By adding to winning positions, the trends that come along will wipe the floor with the losses.
Other advantages are that
- simple rules to follow
- you will always be in positions, satisfying the desire to trade
- entries are done with pending stop orders so no need to constantly watch the screen waiting for signals
- You will always be trading in the direction of the the market rather than against
Nicely done Kharvell
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