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Trader10
Thanks for the insight into your trading methods I can see the you will
appreciate the weekly scans that will be available in ver. 3.7
You may find the piece of code bang for bucks that Geoff M used in his
searched handy for ranking too .
Can I ask do you back test your results ?
If so what criteria do you regard as successful result ?
% return
% win
a comparison to buy/hold
I must admit I've been using T/A software for over a year now and still
haven't come to full understand backtesting. but I can see it as a parallel
to studies I did on statistical quality control many years ago.
I guess the new addition to the family may help me understand it more (M
Prings breaking the black box ) .
whilst I'm flapping my gums (fingers in this case) another topic that I'm
still trying to understand curve filling , A hot one I know I still have the
bruises
from another forum on that one :))
Its regarded as a no no but ? is there value in developing a set of rules
for an individual stock .. ?
Ok I have raised a few trader type questions here that I,m interested in I'd
love to see a 1000 word essay on each of the topics from you all *W*
LOL
Regards David
----- Original Message -----
From: <traders10@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, June 04, 2001 4:40 AM
Subject: [amibroker] Steady Movers
> My current project is to identify strong, steady trending stocks.
> Over the last couple years I found that while I was busy chasing the
> latest momentum stock du jour I was missing some of the longer term
> really nice trending stocks.
>
> I picked 100 or so issues that have had strong runs lasting several
> months or more. These stocks may have strong enough ROC to bubble to
> to the top of a momentum scan, but typically they do not sort to the
> top 10-20 positions on a ROC type scan. Yet there are periods in the
> last few years that I would have really liked to be in them.
>
> The runs last long enough that picking them up after a month or two
> is acceptable.
>
> My initial work has been to find indicators or patterns that do catch
> the trending period on those 100 stocks.
>
> Once a scan can catch the runs then I check to see if
> that "indicator" will have so many false entries as to drive me
> crazy with excessive trading, commissions and tied up capital.
>
> If the trading idea still holds up, I then check it against the
> universe of stocks that I normally follow. That is ~2500 stocks
> prescreened in TC2000 or QP2 for price > $4, avg vol > 300k or so.
>
> AmiBroker is very handy for this use of backtesting as a screening
> process for trading ideas. I can whip up a few lines of code in AFL
> and quickly backtest against the 100 stock portfolio to see if it has
> any merit for this type of trade.
>
> I can tell you that in many cases doing this on a weekly basis is
> superior to trying to make it work on a daily basis. Fortunately
> there is no great hurry to enter the trade. Once this type of scan
> has identified the initial conditions the candidates can be put into
> a watch list and further evaluation can be done on the concentrated
> list.
>
> Things that need to be examined at that point are possible prior
> basing, current earnings situation, smoothness of trend and applying
> the oscillator or pattern of choice to enter the trade.
>
> Is it working yet...no, always looking for ideas.... I have
> evaluated a lot of ideas so far and naturally no single indicator or
> pattern does the job...what else is new :-)
>
> Preliminary evidence points to a voting scheme with 3-5 inputs for
> entries and maybe 1 of 3 or 2 of 3 conditions for exits.
>
> Looking for some code for indicator divergence as one of those exits.
>
> Well, enough for now. This gives some idea of my current project.
> Trader
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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