Normal
Here is an example that makes a difference between a "simplistic" trend following system and a more complex one. Below is the actual system signals for PMM which I recommended to subscribers. In the end we banked a 102% profit. I should stress that they don't comply as well as this one has all of the time, but from an equity curve volatility perspective, its a tweak that I think makes a major difference. A simplistic system can give back substantial open profit at all times. This one measures volatility and as it expands it tightens the stop to a point of actually exiting as prices are rising. MMX was another recent example as well.
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