Here's a FTSE trading system that seems to work pretty well. I hope it's of use to someone 
The system takes both longs and shorts, but only if that is the direction of the long-term underlying trend and the trend is not in doubt.
If the FTSE 100 indice has made a new 120 day closing price high in the previous 60 days and that 120 day closing price high was made more recently than the last 120-day closing price low we can say the trend is up and not in doubt. And when the FTSE 100 indice has made a new 120 day closing price low in the previous 60 days and that 120 day closing price low was made more recently than the last 120-day closing price high we can say that the trend is down and not in doubt.
When the trend is up we buy dips and sell highs. We will buy (go long) when the price close lower than it has ever closed in the previous 10 days and hold the position until the price makes a new 10 day closing price high.
When the trend is down we sell peaks and buy (that is, close the short position) on dips. We will go short when the price makes a new 10-day closing price high and close the short position on a new 10-day closing price low.
The results since the beginning of the year 2000 are pretty good. 256 winning trades winning 31618.0 FTSE points vs 94 losing trades losing 12343.1 FTSE points.
My FTSE Trading System
The system takes both longs and shorts, but only if that is the direction of the long-term underlying trend and the trend is not in doubt.
If the FTSE 100 indice has made a new 120 day closing price high in the previous 60 days and that 120 day closing price high was made more recently than the last 120-day closing price low we can say the trend is up and not in doubt. And when the FTSE 100 indice has made a new 120 day closing price low in the previous 60 days and that 120 day closing price low was made more recently than the last 120-day closing price high we can say that the trend is down and not in doubt.
When the trend is up we buy dips and sell highs. We will buy (go long) when the price close lower than it has ever closed in the previous 10 days and hold the position until the price makes a new 10 day closing price high.
When the trend is down we sell peaks and buy (that is, close the short position) on dips. We will go short when the price makes a new 10-day closing price high and close the short position on a new 10-day closing price low.
The results since the beginning of the year 2000 are pretty good. 256 winning trades winning 31618.0 FTSE points vs 94 losing trades losing 12343.1 FTSE points.
My FTSE Trading System
