tactical trader

Back in October I posted about a new indicator I was intending to test out (Introducing CTI350). It's been 4 weeks since I starting posting so here's a summary of the results so far.

• Amusingly, after a bad week last week, the "success" rate for the indicator has fallen to just 50% - out of 20 days CTI350 was right 10 times.

• The most consecutive days where CTI350 was correct was 4.

• The most consecutive days where CTI350 was wrong was 3.

• The biggest range on a day where CTI350 was correct was 169.78.

• The biggest range on a day where CTI350 was wrong was 172.82.

Now you may think with these results that it's not worth carrying on, but 20 days is hardly enough data to draw any real conclusions. In this short time a number of patterns have emerged though.

One example is that the weeks where CTI350 did well had larger ranges that the weeks were it did badly. For example the best week for CTI350 (4 out of 5 days correct) had an average range of 49.66, whereas last week where it did its worst had an average range of just 25.02.

I don't intend to make any changes to the settings used by this indicator at this point. I'm going to carry on as is for at least another month and see how things develop.