This was a nice trade for the super fund. I exited 2 weeks back. When I buy the exit targets are set as shown by the upper and lower lines. I also use a lazy moving average. I only exit on the close which is why the system didn't exit earlier.
The system is designed for the ASX100 / ASX200 and whilst it doesn't give the sorts of returns as some other systems it is a nice system to trade. This trade returned around 43% plus dividends.
Stevo
3 comments:
Hi Steve
Interesting chart.Without giving away the farm, what conditions are you using for entry in this JBH trade ?.It looks like somekind of volatility breakout ?
Rgds,
David
It uses a ROC trigger and bollinger band breakouts to trigger a buy signal. Nothing too complex. I didn't even bother with volume triggers.
Stevo
Steve,
Thanks for the comments.I have been playing around with a system roughly based on your comments above and initial results look good on the ASX300 of late.
Cheers
David.
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