Algokid

Using The DAX As "BUY" Confirmation for SPX 500

AMEX:SPY   SPDR S&P 500
465 0 11
Good Morning,

I was in the chat this morning when a fellow member of TV (@MartyMcFly) brought up an interesting point about the DAX             . the DAX             and S&P 500             are highly correlated.

SPX500 vs DAX

snapshot

At the end of the previous month, a BUY signal was generated on SPX             500 ( closed above its 10 month MA ) , but we didn't get the same signal on GER             30 ( DAX             )

SPX 500

snapshot

DAX

snapshot

DAX ( D vs 200MA)

snapshot

What would be the results if we used the DAX             as an additional confirmation before buying the SPY             ? As you can see on the equity curve the below , the result are pretty good. Although the profit factor is lower than simply buying the SPY             when > 10 moth MA , the drawdown is lower.

the 'SPY > 10 ma " system is still very reliable , but adding the DAX             as an additional confirmation , may be helpful as well.

cheers

Algo

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