OilTimer - An edge in Crude Oil
USO and (@CL)
Profit Factor: 9,5
Avg Trade: $24 (1 share)
Winning Trades: 64%
Units: 1 (USO)
A Closer Look
This edge in Crude Oil uses some basic combination of conditions that attempt to identify the long term and short term direction of the trend. It has worked very well as a market timer for Crude Oil. Once the conditions are favorable, a trade is entered, and is held until there is an order in the opposite direction.
The edge is always in the market, either short or long.
The edge work great on the ETF USO but also on the CL futures contracts.