IMUGENE CHART. TA only, page-32401

First 32401 Last

Share
Profile

Follow
Fid

2,245 Posts.

1148

19/05/24

12:27

Post #: 73899479
Share

Originally posted by slick: ↑

Ok, here's a quick display of results had you simply used ParSar indications as entries and exits. For this example, lets use just a simple 100,000 units.

First entry in Blue circles was at .043 and the exit was at .097 10 days later with a profit of $5400

Second entry in Orange circles was at .093 and the exit was at .12 cents 16 days later with a profit of $2700

Third entry in the Green circles was at .105 and the exit was at .12 cents 19 days later with a profit of $1500

Fourth entry in the Pink circles was at .082 and the exit was at .074 11 days later with a loss of $800

Therefore overall profit was $8800 for the 4 trades keeping in mind that your initial outlay was only $4300. And we weren't even compounding for this example.

Sure beats chopping wood with a blunt axe.

And for those that didn't take on this homework.

Stay tuned for next weeks exciting edition of "Lets Make A Traaaaaade"

Cheers

Expand

Slick, I've run a back test on my homework & from 18/3/20 to 18/11/21 your success rate is 82% which is abnormal by industry standards.
I'm surprised at the result to be honest & I'm not prepared to post the full data set as there are too many variables involved other than the parsar algorithm itself other than to say I'll be looking into this further.
While the parsar is in my indicator toolbox I've never given it much attention until now.
We should be aware though, using just one indicator can lead to significant losses.
Thanks for the heads up.
imo

Last edited by Fid: 19/05/24

IMU Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
7 Upvote

1 Great analysis

Reply