July 7, 2008
Net: -$72
I figured my strat only had 50/50 odds. It had no edge. I lost -$50 from a gamble on XOM. Wasn’t part of the strat.
Tomorrow I’m gonna try to use a tweaked version of my strat.
(
ExpMovingAverage[EMA,Close,21,0,15] >
ExpMovingAverage[EMA,Close,21,0,5]
AND
ExpMovingAverage[EMA,Close,21,0,5] > Last
AND
Last > ExpMovingAverage[EMA,Close,21,0,1]
AND
( (Last – ExpMovingAverage[EMA,Close,21,0,1]) /
AvgTrueRange[ATR,21,1] ) > 3
AND
(ExpMovingAverage[EMA,Close,21,0,15] – ExpMovingAverage[EMA,Clos
e,21,0,5]) < .03
)
OR
(
ExpMovingAverage[EMA,Close,21,0,15] <
ExpMovingAverage[EMA,Close,21,0,5]
AND
ExpMovingAverage[EMA,Close,21,0,5] < Last
AND
Last < ExpMovingAverage[EMA,Close,21,0,1]
AND
( (Last – ExpMovingAverage[EMA,Close,21,0,1]) /
AvgTrueRange[ATR,21,1] ) > -3
AND
(ExpMovingAverage[EMA,Close,21,0,5] – ExpMovingAverage[EMA,Close
,21,0,15]) < .03
)
In summary, 15EMA21 and 5EMA21 have to be only .03 or less apart for me to trade the setup.
