Bollinger with multi-MACD system

This system for ZGG08 uses a Bollinger upper band breakout as the first condition. Other conditions are data1 MACD (positive fast slope) and data2 MACD (fast above slow) for bullish trend confirmation. It is used on a 5 min and a 45 min chart.

The long position is covered on 45 min MACD cross-below signal.

Stop is set arbitrarily at \$180. Trailing stop is (\$400, 63%).

The problem this Bollinger breakout system is that there is a likely chance that the breakout is a sign of exhaustion. The accuracy of the entry is merely \~44%. Although the multi-time frame MACD could confirm the existing trend. Something needs to be done to identify possible trend reversal at the Bollinger upper-band breakout.

Although profit seems good for the 60 days back-test, the system performance is not consistent as you can see from the graph below. [][]

[]: http://bp0.blogger.com/_Vlx60iTPx5s/R3wkWvY4uQI/AAAAAAAAADw/zJtA1-Q8bjE/s1600-h/bbmacd_perfrpt_graph.jpg