Registered: Oct 2002
04-13-03 08:57 PM
Back testing update. This is a constantly evolving strategy.
I no longer use 2 MAs from the 13 minute longer average. Just one does it just fine. I am using a longer set of averages.
I seem to find right now 5.45,195 MAs work the best.
Also change the middle moving average according to the chop. 15,20,30 or 45...... I always like a one minute chart. And if there is a chop, do not try to make a targeted amount. Take what you can get. If the chops are short, put the trade on for a few minutes. Take the 1/4 point if that is all you can get.
Also pay attention to the volume. That is the most valuable indicator you have of price changes. Exits are often based on changes in volume.
PS. I still can't seem to put this in an automatic program!