|
PureBytes Links
Trading Reference Links
|
<font size=2 color="#993366"
face=Arial>Hello David!
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>The following simple code implements Larry William’s Smash DayPattern
exactly as described in ‘Day Trade Futures Online’ pages 108-112.
<font size=2 color="#993366"
face=Arial>It seems relatively reliable, especially for short-term trades, and I
think it can be further “optimized” to filter out false signals.
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>numDays = 3; // Consider smash Day if
closed above/below previous numDays highs/lows
<font size=2 color="#993366"
face=Arial>closeInDayRangePct = 0.25; // Smash
day close should be in the high/low %% of the day range
<font size=2 color="#993366"
face=Arial>smashDayDown = close < LLV (ref
(low, -1), numDays) AND close < open AND close < (low +
closeInDayRangePct * (high - low));
<font size=2 color="#993366"
face=Arial>smashDayUp = close > HHV (ref
(high, -1), numDays) AND close > open AND close > (high -
closeInDayRangePct * (high - low));
<font size=2 color="#993366"
face=Arial>/*
<font size=2 color="#993366"
face=Arial>graph0 = smashDayDown;
<font size=2 color="#993366"
face=Arial>graph0style = 2;
<font size=2 color="#993366"
face=Arial>graph1 = smashDayUp;
<font size=2 color="#993366"
face=Arial>graph1style = 2;
<font size=2 color="#993366"
face=Arial>*/
<font size=2 color="#993366"
face=Arial>// Enter in the direction opposite to
the smash day if the very next day price moves opposite the smash day.
<font size=2 color="#993366"
face=Arial>buy = ref (smashDayDown, -1) AND high
> ref (high, -1);
<font size=2 color="#993366"
face=Arial>sell = ref (smashDayUp, -1) ANDlow
< ref (low, -1);
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>Regards,
<font size=2 color="#993366"
face=Arial>Dima.
<font size=2 color="#993366"
face=Arial>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: David Holzgrefe
[mailto:dtholz@xxxx]
Sent: Tuesday, April 24, 2001
12:42 AM
To: amibroker@xxxxx
Subject: Re: [amibroker] Damage
Control
<span
>
<font size=2 color=black
face=Arial>Dima
Please publish or email me your smash Bar reversal code from what I have heard
to works quite well on asx stocks, even if it doesn't it would be well worth
the look to learn from<span
>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face=Arial>Thanks
David
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=3 color=black
face="Times New Roman">-----
Original Message -----
<font size=2 color=black
face=Arial>
From:<font size=2 color=black
face=Arial> <a
href="" title="rasnitsyn@xxxx">Dima Rasnitsyn
<font
size=2 color=black face=Arial>To:<font size=2 color=black
face=Arial> <a
href="" title="amibroker@xxxxx">amibroker@xxxxxxxxxxxxxxx
<font
size=2 color=black face=Arial>Sent:<font size=2 color=black
face=Arial>
Tuesday, April 24, 2001 1:02 PM<font size=2 color=black
face=Arial>
<font
size=2 color=black face=Arial>Subject:<font size=2
color=black face=Arial> RE: [amibroker] Damage Control<font size=2
color=black face=Arial>
<font
size=3 color=black face="Times New Roman"> <font
color=black>
<span
>Nate,
<span
>
<span
>Thank you
very much for sharing your experience.
<span
>
<span
>Whatwould
be your advise for a beginning Commodity trader with [the standard] $5000 on
the account? You can rarely (if at all) find a futures trade with the risk of
less then $400 per contract (unless you day trade), According to your formula
one should not take the trades with more then $100 risk…
<span
>
<span
>I was
considering Larry Williams’ money management recommendation (‘Day Trade Futures
Online’) of
<span
>
<span
>N
contracts = Account Value * 0.12 / (maximum drawdown per contract), i.e. risk
no more then 12% on the trade.
<span
>
<span
>I will
very appreciate your comments.
<span
>
<span
>
<span
>BTW,are
there many futures traders on the list?
I can share my 50Kb AFL code for the trading system based on Larry
Williams Volatility breakout Oops!, Smash Day Reversal, and other techniques. I
am not sure those techniques are good for stocks…
<span
>
<span
>Thanks,
<span
>Dima.
<span
>
<span
>
<font size=2
color=black face=Tahoma>-----Original Message-----
From: Dr. S. Nathan Berger
[mailto:snberger@xxxx]
Sent: Monday, April 23, 20016:39
AM
To: amibroker@xxxxx
Cc: snberger@xxxx
Subject: [amibroker] Damage
Control
<font size=3
color=black face="Times New Roman"> <font
color=black>
<font
size=2 color=black face="Courier New">Essentially, Damage Control is this: Research shows
the maximum amount you<font size=2 color=black
face="Courier New">
can lose on any single trade without damaging your long-term investment
capital is 2% of your equity. So, if you have an account of, say,
$20,000.00, then you can risk no more than $400.00 on any given trade. BTW,
2% is aggressive. 1% to 1 1/2% is more conservative.
Here is how to apply the rule in determining how many contracts or shares
to buy:
Let's say you see an opportunity in ABC Widget Co. (ABC). Using whatever
system to determine the entry point, say $30.00, and the stop loss exit
point, say $28.00. This means you are risking $2.00 per share of ABC.
2% of your investment "nest egg" of $20,000.00 = $400.00. At
$2.00 per
share, you can afford to buy no more than 200 shares of ABC.
If you find an opportunity to purchase a contract on, say, lumber, at
$250.00 risk, you can only trade 1 contract; if the risk is $150.00 per
contract, you can afford to purchase 2 contracts.
I know- you're thinking you can never get rich using such tight
limitations. Truth is, you can get rich, BUT IT WILL TAKE SOME TIME! The
key is realizing that you can make money in the markets only as long asyou
are playing. When you're out of money, you're OUT OF THE GAME. If you find
a deal that exceeds these limits, pass on it. It pays great dividends to
wait for trade opportunities that permit tight stops.
Hope this helps...
Nate Berger
<font size=2 color=black
face="Courier New">Your use of Yahoo! Groups is subject to the <a
href="">Yahoo! Terms of Service.<font
color=black> <span
>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=3 color=black
face="Times New Roman">
<span
>Your use of
Yahoo! Groups is subject to the Yahoo!
Terms of Service.<span
>
<font size=3 color=black
face="Times New Roman"><br
>
<font size=2 color=black
face="Courier New">Your use of Yahoo! Groups is subject to the <a
href="">Yahoo! Terms of Service.<font
color=black> <span
>
|