Fairly general question, but has anyone got an opinion on the historical performance of breakout systems?
Are they something that have always worked to some degree?
The reason I ask is because I originally developed a breakout system based on 2005 - 2007 data. It worked well when ran live late 07, but now I've put data from 97 - 2004 into the system and results are fairly poor. I realise the general market performence over that period was fairly different but I thought i'd ask anyway.
I'm curious as to whether breakouts are a thing of strong bull markets I guess, and whether they're worth trading at other times.