Subject: Re: Wild-and-crazy idea
Craig,

Unfortunately, those results are based on computing the ema at close and trading at close on the same day, so probably not very realistic (the results for monthly trading might be a little more realistic).

I also used the NHNL data, using the same dates and approach:

1x leverage (the CAGR is no better than B&H (11%), though the DD is better (78%)):
CAGR: 10%
Max DD: 54%

2x (given that B&H has 78% DD, this appears to be a reasonable alternative to that):
CAGR: 20%
Max DD: 82%

Maybe I'll examine the results using opening prices, but I'm not sure these results are enticing enough to warrant the time.

-Jim