Cool… I didn’t realize so many ETFs had moved from AMEX to NYSE. Anyway…. reader Todd requested QLD in the comments. Honestly, I prefer stocks to ETFs because the volume flow is less confusing to track, but here we go:
The simple stock system selects 6 entries, of which 4 were clear winners. The first and fourth trades didn’t just run the other way… but the pullbacks were severe enough that you might have wanted to take a small loss. In any case, the winners here should definitely edge out the losers for any daytrading style I can imagine. So, not as strong a showing here as the Goldman Sachs example I just posted, but pretty good nonetheless.
I have yet to see the simple stock system have a bad day on any stock I’ve thrown it at. If you are curious, look over the posts tagged simple-stock-system, and see for yourself!
Thanks Richard! Good stuff. Today’s example was done in such a messy market, but good results nonetheless. Are the indicators you use on their default settings that they are released with? Or tweaked here or there? If you’re looking for a stock to do rather than an ETF I’d like to see ENER demo’d as well. Your blog is certainly twisting my arm to get back to eotPro.
Thanks!
I don’t know if I’m using the defaults or not, but I don’t change the indicator settings from stock to stock… Skeptics can check that themselves in the screenshots. I’m too lazy to fret with indicator settings! Good indicators can be optimized, but also work pretty well no matter what. That’s what eotpro indicators tend to be like.
I take Tuesdays off, but I’ll see if I can find time to glance at ENER tomorrow. If not, then Wednesday.