I'm ๐Ÿ‡ฌ๐Ÿ‡ง for the night - LONG ALFA @ 221.0

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It would seem, from a short backtest, that my algo works across the pond as well. In the last 12 months, it generated 26 buy signals on ALFA, traded in London. Using my FPC exit, all 26 trades would have been profitable. And ALFA is very British polite, too. The average holding period was only 2.96 days but 16 of the 26 trades closed in 1 day, just the way you want them to. A couple of hooligan-ish trades ruined that average for everyone else. Isn't that always the case? The average gain per lot traded was 2.03% which is a .67% return per day.

Again, that doesn't seem like much, but ALFA is part of the FTSE 250, and that index's average ANNUAL return (dividends not included) over the last 28 years was 5.38%. That's .02% per day, so these results are over 33x better than an average day on the FTSE 250. In fact, one trade beat the average annual gain of this index all by itself, and another almost did.

So here goes. 221 pounds on ALFA and let's see what happens.
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Chin up, lads! They can't all be one day wonders. The average is almost 3 days. Keep calm and carry on. I'd be adding another lot at whatever the closing price will be in a few minutes if I could.
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Lot 2 added at 218.0

Lots held:

221.0
218.0
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Well it didn't get the memo that it was supposed to go UP from that open, not down, but anything below 218 right before the close would be a buy for me. It's still oversold at that level. I only add when the price is cheaper than my last purchased lot, though, so at 218 I'd just stand pat with what I already have. We could see a push upward before the close and at any price ABOVE 218 I'd sell that lot purchased at that level.

I'll update this definitively after the London close, since things could go either way at this point.
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By the way, I forgot this in my original post - this is for edutainment purposes and should not be considered trading advice, per se. You should always DYOR and only make investments that are appropriate for your personal situation.
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Lot 3 added at 217.0 at the close today. At this point, it's a pretty typical trade, so you'll get no whinging from me today.

Current lots held:

221.0
218.0
217.0
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I was getting a little worried this trade was gonna go pear shaped, but today was more like what I expected at the outset, so I'm a bit chuffed. The trade is well on its way to being a very good trade now.

The two most recently purchased lots would have been sold for 220.0 at the close today.

Lot 2 (218.0) = +.92% in 2 trading days
Lot 3 (217.0) = +1.38% in 1 trading day

One more day like today, tomorrow, and pints are on me (figuratively, of course).

Lots currently held:

221.0
๊ฑฐ๋ž˜์ฒญ์‚ฐ: ํƒ€๊ฒŸ ๋‹ฟ์Œ
"Sold" the last remaining lot at the close for 223.5 and a 1.13% gain in 4 trading days. In all, the trade went at follows:

Lot 1: +1.13% in 4 trading days
Lot 2: +0.92% in 2 trading days
Lot 3: +1.38% in 1 trading day

Glad to have nicked a few quick quid at the expense of the loaded chaps. OK the trade is over so I'm done being British for now. Glad to know I've got something global here, though. For all the true Brits that may have seen this and had to tolerate my silly use of British slang, I appreciate your patience with me. Now, off to the pub for a pint with you! Cheers, all!!
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Trade summary for my records

Wins 3
Losses 0

Average gain per lot = +1.14%
Average trade length per lot = 2.3 days
Average gain per lot per day held = +0.50%
Annualized gain per lot per day traded = .50% x 253 (in London) = +125%
Beyond Technical Analysis

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