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another way to diversify would be to add in a mean-reversion system. I have tried to code one but haven't got it to work on the ASX. I'm sure its possible, though I think it would be a better strategy run where commissions are really small (US market). It's also the type of system that works well on indexes as indexes tend to range (mean reversion works best in slight trend environments or sideways markets). Happy to be proven wrong and I know if I was better I could get something to work. It's something I'll work on later, for another tool to add to my toolbox. (I'm still a beginner so my focus is on what I have but like to have areas of growth for the future.)

This brings me to a few other points I have been thinking about diversifying though. I think it's possible to run it on different sectors/industries, etc., so you're not taking all the same signals and have a wider base to choose from. Metals may not trending at the same time as the XAO, for example. The other thing, which is what I will do in many years when I am consistent and profitable with what I have, and that is run another trend following system in the US market. I am a trend trader, so I will continue to trade trends, and while the US market is correlated to some extent to the ASX, there isn't a complete correlation.

When I've proven an edge with my current system I will then start to look at these options. Amibroker allows you to do this by using the custom back test and composite ticker. something for the future to consider.