[idea] Third Crude Oil System #idea #crudeoil #101tradingideas

Key Trading Ideas:

Trade Volatility, Trade a Seasonal

 

A Simple Crude Oil System, End-of-Day:

Illustrates the ideas of trading volatility, trading a seasonal and trading yesterday

 

Buy

Monday,

close < yesterday’s close

range of last 4 closes is less than the average true range for the last 4 days

 

 Sell

Monday,

close > yesterday’s close

range of last 4 closes is less than the average true range for the last 4 days

 

Exit

Tomorrow

 

Results, 2006-p:

148/258 wins, 57%

Avg trade: $0.23

z score: 2.3

profitable 8 of 11 years

 

–h

 

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