Thursday, September 25, 2014

BPT MA Deluxe update

yes I can confirm that the BPT MA Deluxe went red.  It goes to cash if price has been green for a long time as it would assume it's a trending wave and due for a choppy ABC wave, however the indicator was not green for long enough, thus once price sliced through the ATR it turned red this time vs going to cash like it did the past few times

Here's new new statistics, clearly this last pullback gave back a lot of gains that it had but still closed out with about a 1% gain.  Again as Steve and I have said, this is a great trending indicator, probably one of the best out there, but it's not gonna catch tops and bottoms, best used in conjunction with you own analysis etc.  See the chart and stats table showing the trades going back several years

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