I have been testing an interesting Bollinger band reject system combined with an MACD crossover. This seems to be useful in trending times like now.
I mentioned ACC on Sep 06, and yesterday I found an exit point.
Now I have exited ACC fully yesterday, assuming we’d go below for a bit and then recover. So if it does I am likely to get back in.
We now have a few valid trades in the MACD System:
- Sep 06: ACC entry spotted at 976, which has now exited on Sep 11 around 1048. (+7%)
- Aug 23: BHEL entry spotted at 108, which shows promise to 140, but doesn’t close the gap. Partial exit at 142, looking for 147. (+35% if done right. I didn’t).
- Aug 06: Airtel Short Setup at 326, and exits at 304 (+7%)
- Jul 29: Nifty Short Setup at 5886, and exits around 5542. (+6%)
Other than these I have tweeted about an L&T Setup (up 15% since), written on the Reliance Capital follow through, and here’s this IDFC setup that I noticed and didn’t trade fully (exited just short of the upper gap).
This is starting to shape up, and back tests seem convincing in that there is a 54% success rate and wins are huge compared to losses. However, the forward test shows zero losses and that is a big concern. (I don’t like non-loss-showing systems. Something’s not right).
