"The key to the Dynamic Break Out II system is its ability to adapt its parameters to current market conditions. This system is based on the tried and- tested Donchian channel system."
Remember how the Donchian system works; buy when the high of the day penetrates the highest high price of x bars back, and sell when the low of the day penetrates the lowest low of x bars back. If you optimize the number of bars to determine your best entry and exit levels, you will discover that different markets work better with different parameters. You will also discover that a particular market goes through different cycles and works better with different parameters through time. This is a successful long-term trading approach and will require patience and discipline. This revised approach to the original uses Bollinger Band Calculations. ... download the eBook to read more
Members' reviews (0)
We welcome readers reviews. Please stay on topic and be respecful of other readers. Review our comments policy.
You must be logged in to post a review. Please login or sign up for a free membership account.
No comments have been posted for this eBook yet. Be the first to post one!