Keep in mind if you want to take the signals from this system it is best to take all signals. There's a 3% stop order from where the stock opens on the day you make a trade. The overall 1 or 2% of portfolio position sizing still applies. It's probably also best to make the order size consistent among multiple trades. You may even want to consider this as its own little sub-portfolio.
Over the weekend I did some additional work and smoothed the indicator line a little which reduced false/failed trades by another 10% or so , (the current set up has 65% positive trades with a gain to loss ratio of 2.0 or 11 winners and 6 losers with the average winning trade at 7.52% and the average losing trade at 3.78%).
In effect, I gained a few more percent on the equity line to 76% and reduced the number of transactions so smaller portfolios will not be as impacted by transaction costs.
I'll let you know if there's a new signal after the close, the trade would be on the open tomorrow morning.
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