Testing System

For those of you interested, a new type of trading system was brought to the meeting by Terry. Thanks TERRY!!

In any case, I thought it would be a good idea to track and post on this 'system' to see how many winners we get against losers. I'm going to paper trade this with a $100,000 account and we'll be able to follow the progress...I'm only go to trade the stock (no options) just for making it easier.

System Rules:
-Use the Market Forecast study in prophet charts.
-Use study set "Market Forecast" and simple moving averages (3 of them) with an 8/21/30 day period for each moving average.
-Trade in the direction of the trend only.
-Make every effort to enter trade just prior to close on the day the signal appears or right at the open of the the next trading day.
-Enter trade when red line is at or below 10 in "lower reversal zone".
-Exit when either red (momentum line), or the blue (near-term line) has touched or entered "upper reversal zone" (80 or higher).
-Be very cautious during reversals that have not clearly signaled; and/or the trend and MA's are flat; or there is no clear crossover of the moving averages, and intermediate line is below 50.
-During a flat time period with no bias, only trade Blue & Red cluster's in lower reversal zone and exit when either one of them have hit the upper reversal zone.