Наглядный schedule индекса товарных фьючерсов от Голдман Сакс. Areas are clearly visible where trend-following systems for diversified portfolios of commodity futures had the opportunity to earn, where to merge.
The blue line indicates profitable areas, and in red flats, where to make money is problematic:
To 2005 year everything was as it should be. Bullish phases were followed by bearish, the trends were right. Trend tracking systems were distributed on different sites. Trend-tracking funds have had stable returns almost every year — just buy on the breakout and tighten the stop. Only in 2005 year saw a little and it turned out to be the first sign — first warning, so to speak..
Clearly stand out 2007-2008 the years, where, due to the global economic crisis, at first there was a steady rise in futures, bubbled up, and then, after profit fixing (triggering stops and giving part of the profit back to the market) began to blow it off with interest — the most monetary plot of the chart in recent decades has begun — all that was left was to short and tighten the feet. Thereafter, in 2009 the markets had a bit of rest, hesitating in place and the last section came 2010 – Start 2011 of the year, where you could earn in the end. After May 2011 years, all trend systems began to merge in a cruel saw over the next four years, trend-tracking funds began to close, переквалифицироваться, traders of trend-following systems and signals to close sites, etc., etc..
We are waiting for new trends! :)
