Available from longtermtrading.com
Coattails is a long term volatility based breakout system that is designed to identify increased commercial and large speculative buying in the market from a bottoming or consolidating base. It only takes long positions. Coattails identifies large commercial buying, determines critical volatility resistance levels, positions you in the market at just the right time, and lets you ride the "coattails" of the big boys as the market moves up.
The big players have a decided advantage in the market due to the wealth of information flowing to them from across the world. They are at a tremendous disadvantage, though, when they try to move in and out of the market undetected because of their sheer size. Coattails identifies when they start to move into the market in mass after bottoming or consolidating formations.
Coattails has a profit retention-based trailing stop as well as a money management stop. The significant volatility points for entry and the escalating factor for the profit retention-based trailing stop are all adaptive and change based on the strength of the underlying trend.