Trend.
No, the 30 min BB cross does not care what the Daily and weekly trends are. That's the beauty of the bands, they adjust with the the longer trend.
I have adjusted the band settings to work on the 3X etf's.
21, 1.7 1.7 is a sweet spot. Now if I can get that 2% error out of it. 60% of the trade indications are out of the exact trade point by 2 to 3%. So I've taken to scaling in and out of trades because of the that.
The system switched sides today,
Num Bar Date/Time Type Trade Size Price Order Trigger
1 10 06/11/2009 14:00 Short 100 38.13 BOL (21, 1.7, 1.7)
2 27 06/15/2009 09:30 Profit Exit 100 35.06 Profit Exit (8%)
3 34 06/15/2009 13:00 Buy 100 34.61 BOL (21, 1.7, 1.7)
4 83 06/19/2009 11:30 Indicator Exit 100 34.63 BOL (21, 1.7, 1.7)
5 83 06/19/2009 11:30 Short 100 34.63 BOL (21, 1.7, 1.7)
6 95 06/22/2009 11:00 Profit Exit 100 31.85 Profit Exit (8%)
7 99 06/22/2009 13:00 Buy 100 31.72 BOL (21, 1.7, 1.7)
8 124 06/24/2009 12:30 Indicator Exit 100 32.48 BOL (21, 1.7, 1.7)
9 124 06/24/2009 12:30 Short 100 32.48 BOL (21, 1.7, 1.7)