I'm 🇬🇧 for the night - LONG ALFA @ 221.0It would seem, from a short backtest, that my algo works across the pond as well. In the last 12 months, it generated 26 buy signals on LSE:ALFA , traded in London. Using my FPC exit, all 26 trades would have been profitable. And LSE:ALFA is very British polite, too. The average holding period was only 2.96 days but 16 of the 26 trades closed in 1 day, just the way you want them to. A couple of hooligan-ish trades ruined that average for everyone else. Isn't that always the case? The average gain per lot traded was 2.03% which is a .67% return per day.
Again, that doesn't seem like much, but LSE:ALFA is part of the FTSE 250, and that index's average ANNUAL return (dividends not included) over the last 28 years was 5.38%. That's .02% per day, so these results are over 33x better than an average day on the FTSE 250. In fact, one trade beat the average annual gain of this index all by itself, and another almost did.
So here goes. 221 pounds on LSE:ALFA and let's see what happens.
