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I have been running a few simulations so that I can compare the accuracy of GET's Autotrend against manually changing the regression channels as the chart changes shape and I seem to be finding that the Auto trend leads you into a false sense of security.
As an example in my latest simulation I was running a Wave 3 trend waiting for the XLT to break downwards out of the regression channel indicating that I should sell the position.
When the price broke out of the auto trend I closed out the position only to find on the next few bars the auto trend redrew and there was miles of room and I was not facing a decline but a continuance trade. In fact the simulation went on to reach a significantly higher price than the one I cut my position on.
Has anybody else done comparisons between the usefulness of the auto trend in GET?
I would also appreciate some comments on how people are using it.
As an example in my latest simulation I was running a Wave 3 trend waiting for the XLT to break downwards out of the regression channel indicating that I should sell the position.
When the price broke out of the auto trend I closed out the position only to find on the next few bars the auto trend redrew and there was miles of room and I was not facing a decline but a continuance trade. In fact the simulation went on to reach a significantly higher price than the one I cut my position on.
Has anybody else done comparisons between the usefulness of the auto trend in GET?
I would also appreciate some comments on how people are using it.