For those of you taking the signals from the Miner Trading System, today's signal is "hold" on the long position in DUST.
You can see our signal line is moving further away from the moving average, which is overall good for the continued trade, which is now up 5.5% (if you bought on the open) over the last two days. The current backtest with the newest trade has the system performing at a 86.88% 6 month real equity return.
I've backtested a lot of systems and it's very difficult to find one that even beats buy and hold. Considering how choppy trade is, the equity line's trajectory is amazing; there isn't a single lower high or low, just a nice smooth uptrend with no volatile drawdown.
So until tomorrow night, there's nothing to do in the DUST trade.
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