when 30 EMA is above 60 EMA, then long only (if below then shorts only). Then when index EOD closes up through 15 EMA, go long next day if green. I am currently long on lazy system, since early last week.
I'm fine tuning a low-risk system with Top40 call warrants. (I know, I know, warrants are high risk). So far this is what I have: TOP40, call warrants only (puts are higher risk as the market always goes up, long term. downs are merely corrections and usually short lived). BUY: When RSI oversold & ROM @ 0.7. SELL: easy :-) 10% trailing stop loss. I'm trying to get a simple system working that will make more money than i'm losing. Needless to say, January took me back to the drawing board... but it worked like a charm last year... (though, I think, any system worked last year...)
Simon, just a couple of questions on your lazy system; where do you set your profit orders from entering Green EOD cross 15EMA? also for e.g. refer to 27 mar 08.. EOD crossed 15EMA,would you BUY at market on open the very next day or at a limit order? (there couldve been a big gap up,lets say 300-500pts - would you still enter in this case?) Secondly you say initail stop 20% trailing warrant right, do you also place a stop at same price as entering incase market goes other direction the very next day?