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Channel Breakout VT
Published by Cone on 1/24/2024
Channel Breakout VT
This is the 55-day channel breakout system used by Van K. Tharp in "Trade Your Way to Financial Freedom" (pg. 286) to demonstrate the effect of different money management models on trading system results. Verbatim: "it enters the market on a stop order if the market makes a new 55-day high (long) or a new 55-day low (short). The stop, for both the initial risk and profit taking, is a 21-day trailing stop on the other side of the market.
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