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Hi Tom,
Thank you for explanations.
Reentry signals and continuation patterns in general is an unsolved
problem for me.
Very few hints here and there, nothing organized yet.
I keep on searching.
The Market Direction indicator is very good to describe congestion
phase after the first uptrend, but can not answer if after the
congestion the bulls or the bears will come.
So, for now, I wait one or two days watching which graph will grow up.
Decision for continuation is difficult for the time being.
I will revert on this.
Dimitris Tsokakis
--- In amibroker@xxxx, tom_supera@xxxx wrote:
> Hi Dimitris,
>
> The trading-system,i've posted on the cmo-indicator is not finished.
> I want to find reentry-signals.
>
> 1)I use cci (45) > 10 to invest only in uptrend (pos.cci (trading-
> range).
> the cci(45) shows very perfectly the trend. If the cci is > 0, the
> luck is on my side. See also the "colored cci", i've posted on the
> afl-library.
> I've searched for a long time to find a good trend indicator.
> I'm very happy with cci, the green bars shows uptrend, the blue
bars
> shows trading-range and the red bars shows downtrend.
>
>
> 2) sell = barssince (buy) == 3;
> The idea is to see, if the timing was good, but it isn't the exit
> strategie.
>
>
> 3) column0 = roc (c,1);
> That's not what i want to do. I would see the gain% after 3 days
> (buy), but thomasz has posted the correct answer.
>
>
> I've tested this system with 1200 nasdaq stocks on the last 100
days.
> the result is:
> Total number of trades: 38 Percent profitable: 63.2%
> Number winning trades: 24 Number losing trades: 14
>
>
> I'm very happy, if you post a good reentry strategy.
> Have a nice day.
>
> Tom Supera
>
>
>
>
>
> --- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> > Hi Tom,
> > Very nice code, especially the color part.
> > May I ask some questions:
> > 1. Why cci(45)>10 ?
> > I am affraid this is the reason we loose the buy signals.
> > (In att. T1.gif only once in 20 months and I selected a
> > stock with good trading opportunities and interesting
> > volumes all the time.)
> > You can see also the cci(45) graph.
> > 2. "sell = barssince (buy) == 3;"
> > If you mean it and it is not an example, I like it.
> > Since you found a good opportunity to buy, sell
> > 3 days later. A bit risky, but I like it.
> > 3. Why is important for you
> > column0 = roc (c,1);
> > Since filter condition is true when you buy
> > roc(c,1) is the rate of change for THAT day,
> > i.e you are interested what % gained the stock the
> > day you bought it?
> > I can not see that.
> > Very interesting job. Thank you very much.
> > Dimitris Tsokakis
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