We had some action today. Good, things were getting a little dull.
In the meantime, I came up with a new ATR based trailing stop. The indicator was inspired by a visual inspection of Jan Arps’ trender. I did a quick “breakout and trailing stop” backtest using the Nasdaq 100 and got some pretty good results.
I love it when two simple rules give such nice returns.
I have been playing around a little more with RealCode and came up with this pretty cool channel tool. The channel lines are formed by historic TDST lines. I used the “color if” block to hide the TDST line when the price was either above or below the appropriate line.
I did some quick backtests on buying the pullback after a breakout above the green TDST line. Here are the results for the Nasdaq 100. I’m pretty impressed by the results.
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