10 Day Low, Double Exit

I continue to tinker with the Buy the 10 Day Low System, and have found several ways to increase overall return wih no added risk. The simplest way is to add multiple exit triggers. . .in this case the original MA cross is now supplemented with a % R overbought exit trigger as an either/or command.
TS 2000i code shown below:

Inputs: PercentRLen(7), Len1(8), Len2(19), Overbought(95);
If Close = LowestFC(Close, Len1)

Then Buy This Bar at Close;

If Close crosses Above Average(close,Len2)

Or PercentR(PercentRLen) > OverBought

Then Exitlong This Bar at Close;

Total number of trades increases7%, while trade gain over the 5 year test period increases 20%. Drawdown exposure remains the same.

This is just an incremental adjustment to the 1o day low system. There are substantial refinements to the system's risk management that can be added without comprising the elegant simplicity of the concept and I'll review some of these in the system updates next week, including a linear regression stop inspired by a comment from Sysin.

ATTENTION GAP FADERS

Corey has a GREAT post today updating the success of various DIA gap fades.

He updates the database on a monthly basis and provides a thought-provoking array of performance data that's adaptable as a risk/management tool.

Definitely worth a close look.