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Synergy,Howard Bandy talks about the performance of breakout systems declining significantly since the turtle systems became widely known.One of the problems with breakout systems is the large number of trades required to infer performance statistics. It's hard to know whether the system has become unprofitable or is just waiting for the next breakout. You need to look at historical win% and sample sizes to figure this out.If you want to look at the influence of market conditions on the system it might be worth looking at random entries and exits applied with the same money mangement rules.
Synergy,
Howard Bandy talks about the performance of breakout systems declining significantly since the turtle systems became widely known.
One of the problems with breakout systems is the large number of trades required to infer performance statistics. It's hard to know whether the system has become unprofitable or is just waiting for the next breakout. You need to look at historical win% and sample sizes to figure this out.
If you want to look at the influence of market conditions on the system it might be worth looking at random entries and exits applied with the same money mangement rules.
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