Bonds Trade

Seasonal study stated that bonds perform badly in March and April. For the past four days, we have seen the June bond future dropped by more than 2%. Lets ask the computer what happens if we initiate new short after 2% drops in March or April and cover it 4 days later. Since 2000, by using continuous contract we have 9 signals and 8 of them are profitable, with total profit more than $14,000. Not so bad with such a simple system. We don't use stop in this testing but we may place a stop-loss just above the high 4 days ago to control risk.