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Looking at the image in the magazine, the 2 highs appear ( are )
similar, I tried to draw as close as possible.
System Rules: as per the Author
Entry Rule:
If the low is below the previous low and the close is above the previous
close, and the close is not the Maximum of the bar, then buy on close.
Exit Rule:
The long position is exited if, on the following day, the market reaches
the previous high or you are stopped out.
The author used:
Stop loss......................... $ 250.00
commissions and slippage........; off
Notes; ( the stop loss reduced the percent profitability ), possible
results could be improved with volatility stops.
I have been running some backtests with this pattern, and in the stocks
where the pattern shows a high % of wins, it seems to show good results.
Anthony
Yahoo wrote:
> Anthony,The image is a bit different than the formula.In the image
> the reversal signal day has either a high equal to the previous day's
> high or a higher high. This is not reflected in your formula. It is
> very important because it makes the bar either a borderline outside
> day or an outside day.The image looks more like what a key reversal or
> a variation of it should look like. So, you should change your formula
> to reflect that.Larry
>
> -----Original Message-----
> From: Anthony Faragasso [mailto:ajf1111@x...]
> Sent: Thursday, 29 November 2001 11:00
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] PATTERN FORMULAS
>
> Larry;
>
> Here is a reproduction of the images that are associated
> with the
> article by Scorpio.
> What do you think.
>
> Thank you for the reference material, I know what I will be
> doing this
> weekend,
>
> Anthony
>
>
>
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>
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