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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.
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.
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