Wednesday, October 18, 2006

Defining The System

Defining The System (TEST POST ONLY)

The Scalper’s Trend Following System is based on variations of a TRIX system and a modified MACD. Our variation of the TRIX uses a short, medium and long term exponential moving averages as both signals and indicators. The modified MACD is used as confirmation.

A buy setup is generated when the short term moving average crosses up through the long term moving average. A buy signal is generated when the price closes above the short term moving average and the modified MACD gives a positive confirmation. An exit signal is generated when the price closes below the medium term moving average.

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