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Thanks very musch Dima I will have look and a
fiddle :) over the next few days
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dima
Rasnitsyn
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Cc: <A title=rasnitsyn@xxxx
href="">Dmitri Rasnitsyn (E-mail 2)
Sent: Thursday, April 26, 2001 1:15
PM
Subject: RE: [amibroker] Damage
Control
<FONT face=Arial color=#993366
size=2><SPAN
>Hello
David!
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>The
following simple code implements Larry William’s Smash Day Pattern exactly as
described in ‘Day Trade Futures Online’ pages 108-112.
<FONT face=Arial color=#993366
size=2><SPAN
>It
seems relatively reliable, especially for short-term trades, and I think it
can be further “optimized” to filter out false
signals.
<FONT face=Arial color=#993366
size=2><SPAN
>
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>numDays
= 3; // Consider smash Day if closed above/below previous numDays
highs/lows
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>closeInDayRangePct
= 0.25; // Smash day close should be in the high/low %% of the day
range
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>smashDayDown
= close < LLV (ref (low, -1), numDays) AND close < open AND close<
(low + closeInDayRangePct * (high -
low));
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>smashDayUp
= close > HHV (ref (high, -1), numDays) AND close > open AND close >
(high - closeInDayRangePct * (high -
low));
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>/*
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>graph0
= smashDayDown;
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>graph0style
= 2;
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>graph1
= smashDayUp;
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>graph1style
= 2;
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>*/
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>//
Enter in the direction opposite to the smash day if the very next day price
moves opposite the smash day.
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>buy
= ref (smashDayDown, -1) AND high > ref (high,
-1);
<B
><I
><FONT face=Arial color=#993366
size=2><SPAN
>sell
= ref (smashDayUp, -1) AND low < ref (low,
-1);
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>Regards,
<FONT face=Arial color=#993366
size=2><SPAN
>Dima.
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Tahoma color=black
size=2><SPAN
>-----Original
Message-----From: David
Holzgrefe [mailto:dtholz@xxxx]<SPAN
>Sent: Tuesday, April 24, 2001 12:42
AMTo:
amibroker@xxxxxxxxxxxxxxx<SPAN
>Subject: Re: [amibroker] Damage
Control
<FONT face="Times NewRoman"
size=3><SPAN
>
<FONT face=Arial color=black
size=2>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 face="Times NewRoman"
color=black size=3><SPAN
> <FONT
color=black><SPAN
>
<FONT face=Arial color=black
size=2>Thanks
David<SPAN
>
<FONT face="Times NewRoman"
color=black size=3><SPAN
> <FONT
color=black><SPAN
>
<FONT face="Times NewRoman"
color=black size=3>----- Original
Message ----- <SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>
From:<FONT face=Arial
color=black size=2><SPAN
> <A
title=rasnitsyn@xxxx href="">Dima Rasnitsyn
<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>To:<FONT
face=Arial color=black size=2><SPAN
> <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>Sent:<FONT
face=Arial color=black size=2><SPAN
> Tuesday, April 24,
2001 1:02 PM<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>Subject:<FONT
face=Arial color=black size=2><SPAN
> RE: [amibroker]
Damage Control<SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
> <FONT
color=black><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>Nate,
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>Thank
you very much for sharing your experience.
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>What
would 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…
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>I was
considering Larry Williams’ money management recommendation (‘Day Trade
Futures Online’) of
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>N
contracts = Account Value * 0.12 / (maximum drawdown per contract), i.e. risk
no more then 12% on the trade.
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>I will
very appreciate your comments.
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>BTW,
are there many futures traders on the list?<SPAN
> 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…
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>Thanks,
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>Dima.
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle19><SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face=Tahoma color=black size=2><SPAN
>-----Original
Message-----From: Dr.S.
Nathan Berger [mailto:snberger@xxxx]<SPAN
>Sent: Monday, April 23, 2001 6:39
AMTo:
amibroker@xxxxxxxxxxxxxxxCc:
snberger@xxxx<SPAN
>Subject: [amibroker] Damage
Control<SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
> <FONT
color=black><SPAN
>
<P class=MsoNormal
><FONT
face="Courier New" color=black size=2><SPAN
>Essentially,
Damage Control is this: Research shows the maximum amount
you<SPAN
>can
lose on any single trade without damaging your long-term
investmentcapital 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 sharesto
buy:Let's say you see an opportunity in ABC Widget Co. (ABC).
Using whateversystem to determine the entry point, say $30.00,
and the stop loss exitpoint, 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 pershare, 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
percontract, you can afford to purchase 2
contracts.I know- you're thinking you can never get
rich using such tightlimitations. Truth is, you can get rich, BUT
IT WILL TAKE SOME TIME! Thekey is realizing that you can make
money in the markets only as long as youare playing. When you're
out of money, you're OUT OF THE GAME. If you finda deal that
exceeds these limits, pass on it. It pays great dividends towait
for trade opportunities that permit tight stops.Hope this
helps...Nate Berger<FONT
color=black><BR
><BR
><FONT
color=black><SPAN
>
<DIV
>
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