Normal
I *have* tested this belief quite extensively. Compared with random entry, ALL conventional methods of trading breakouts perform worse, particularly in the area of drawdown.A good starting point for a breakout is the one built into Metastock;ROC(CLOSE,1,percent) >= 5 AND VOLUME >= (Mov(VOLUME,50,EXPONENTIAL)*1.5)Again, however, I am NOT saying that using a breakout as an entry signal is unprofitable, 'cause it is, just that it is profitable because of OTHER factors, not the entry per se.Breakouts fascinate me.
I *have* tested this belief quite extensively. Compared with random entry, ALL conventional methods of trading breakouts perform worse, particularly in the area of drawdown.
A good starting point for a breakout is the one built into Metastock;
ROC(CLOSE,1,percent) >= 5 AND VOLUME >= (Mov(VOLUME,50,EXPONENTIAL)*1.5)
Again, however, I am NOT saying that using a breakout as an entry signal is unprofitable, 'cause it is, just that it is profitable because of OTHER factors, not the entry per se.
Breakouts fascinate me.
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