Let's Look At The Results Since The Intraday VIX Data Has Been Published In 1993 (Up Through Thursday):

1. It has made money every year over the past decade (that's very good).

2. 69% of the signals were correct and the Profit Factor is 2.68 (also very, very good)

3. Despite the strong upward bias in the market, it's been profitable on the short side (it's very important to have a method that has made money on both sides of the market, especially over the past decade)

4. It trades about once a month, you would have been in the market less than 25% of the time and it has made over 960 S&P points (all very good).

A nice system for you to add to your repertoire.


I'll Leave You With These Final Thoughts

Even though it's good to have a new system available for your trading, the more important lesson this week is that you shouldn't take lore for granted...no matter how long it's been around. You must look deeper into things and, if possible, statistically prove them. The obvious is usually not workable. Buying when something crosses above or below a "magical" moving average has no validity to it. Magical number crossovers don't make money, yet they're talked about all the time. The above statistics help bring this out.

Have a great week trading (and the next time someone tells you a stock has crossed its 100-day moving average and therefore it's a good buy, you know he's probably a member of the Default Parameters Trader's Club)! Larry Connors and Brice Wightman




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