Yes, 2000 to 2003 if you had bought 1 contract of ZB it would be up 37500. The system performs equally in all types of markets, look at the way the long/short equity curves (the lines inside the dark green) perform in relation to ZB trends
HL3 and LL3 are not for taking starts of trends, they are for taking reversals. As price approached HL3 from below, for example, you would look to enter a short at HL3
No, haven't, I did try it for trends with the 5th levels, it worked better on the ZB than it did on the ES (ES has a tendency to break through the 5th level and then reverse and close inside). It was probably profitable on the ZB but when losses came they were large, I don't like large losses/drawdown.
5th levels? Haven't heard about those. So how many levels does this formula generate? I thought only 4.
And with your system that sum would be around $42,000? So, you would have executed 2600+ trades, and sat in front of your computer every day to make an additional $1500/yr?
Haha, wealth-lab my man, fully automated. Not to mention that it's quite difficult to time ZB moves 3 years in advance, you would have to have predicted the crash in '99 and that the ZB would have decoupled and gone up throughout the bear market This is all the data I have, this system should work in all markets, give me some data from the 90's and I'll give you a performance analysis