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DT and David,
--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> Dear trader (3870,3871,3872,
> Once again
>
> FIRST HARAMI
> BEGIN AT A(CLOSE=3.32)
> 10 DAYS AT AA.
> HIGHEST CLOSE AT H (CLOSE=3.66)
> MAX GAIN=100*(3.66/3.32 -1)=100*(1.1024-1)=100*0.1024=10.24
> ie the stock gained 10.24%, calculated on CLOSE basis
>
> SECOND HARAMI
> BEGIN AT B
> END AT BB
> HIGHEST CLOSE AT BB (COINCIDENCE)
>
> what do you see wrong?
> Dimitris Tsokakis
Nothing....I found the column headings rather confusing and until I
went through the code line by line I thought column 6 was implying a
gain; which it does not....
I redid the exploration with some comments and column name changes
which I think may improve the terminology.
+++++++++++++++++++++++++++++++++++++++++++++++++++
/* BULLISH HARAMI BUY CONDITION
GAIN 10 DAYS LATER
PERCENTAGE SUCCESS */
u=5; /* PERCENTAGE DROP THE FIRST DAY */
d1=10; /* DAYS TO WATCH */
cond1=close<=(1-u/100)*open;
cond2=close>open and close<ref(open,-1) and open>ref(close,-1);
cond3=cond2 and ref(cond1,-1);
h1=hhv(close,d1);
filter=ref(COND3,-d1);
BUY=cond3;
sell=filter;
numcolumns=7;
column0=ref(open,-d1+1); //realistic buy, next open
column1=h1;
column2=100*(column1/column0-1); //potential gain, not achievable
column0name="Harami Buy";
column1name="Max Close";
column2name="Max Gain";
COLUMN3=LASTVALUE(CUM(BUY));
COLUMN4=LASTVALUE(CUM(COLUMN2>0 AND SELL));
COLUMN5=100*COLUMN4/COLUMN3;
COLUMN3NAME="Trades";
COLUMN4NAME="Gainers";
COLUMN5NAME="% Success";
COLUMN3FORMAT=1.0;
COLUMN4FORMAT=1.0;
COLUMN5FORMAT=1.0;
+++++++++++++++++++++++++++++++++++++++++
This exploration is more effective than I would have guessed before
running it. Nice Job. By itself all it does is validate an entry
technique, but that is enough. At least two courses of action are
now available.
Other entry ideas can be substituted into the exploration to test
their validity.
This inside day technique used here could be augmented with an
additional filter or two. I have one in mind that I will try later
today. Also a realistic exit technique needs to be added to make the
Harami system a reality.
More later,
Trader
I think it could be even more effective with the addition of a simple
filter or two and applying a realistic exit.
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