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Dimitris,
20/20 breakout system was described by Richard Donchian. Here is the
idea:
ž Enter long on a buy stop tomorrow at the highest high of the past
20 days.
ž Exit long on a sell stop tomorrow at the lowest low of the past 20
days.
ž Enter short on a sell stop tomorrow at the lowest low of the past
20 days.
ž Exit short on a buy stop tomorrow at the highest high of the past
20 days.
I would also added 2 * ATR(5) trail stop exit rule.
Mike
--- In amibroker@xxxx, "dtsokakis" <TSOKAKIS@xxxx> wrote:
> Mike,
> What is "20/20 breakout trending trade system" ?
> DT
> --- In amibroker@xxxx, "mik954" <mik-u@xxxx> wrote:
> > Dimitris,
> >
> > It's funny, but you would not had to use T/A at all or know any
> > inside information to EARN this 10% (without commissions) on IBM
> > stock. Just use simple 20/20 breakout trending trade system.
> >
> > Here is report for trading IBM stock from 1/1/02 to 4/22/02:
> >
> > Trade list for IBM
> > Trade Entry date Entry price Exit date Exit price Position size
Net
> > Profit Equity value
> > Out 1/2/2002 120.44 1/16/2002 117.56 0.00 0.00 1000.00
> > Short 1/16/2002 117.56 3/4/2002 103.57 1000.00 119.01 1119.01
> > Out 3/4/2002 103.57 4/3/2002 100.50 0.00 0.00 1119.01
> > Open Short 4/3/2002 100.50 4/22/2002 88.95 1119.01 128.60 1247.62
> >
> >
> > IBM Out 1/2/2002 1/16/2002 0.00 0.0%
> > IBM Short 1/16/2002 3/4/2002 119.01 11.9%
> > IBM Out 3/4/2002 4/3/2002 0.00 0.0%
> > IBM Open Short 4/3/2002 4/22/2002 128.60 11.5%
> >
> >
> > Thanks,
> > Mike
> >
> > --- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> > > Some people may have an information about tomorrow?s bad news.
> > > [10 M shares sold on Apr 5, the day before, with a -3.5% ]
> > > The rest know later.
> > > [41 M shares sold on Apr 6, -10% lower !!. This is the cost of
> > information...]
> > > Most of us, or all of us, belong to the second class. We know
> later
> > and, the funny
> > > thing, sometimes we do not want to accept what we see all day
> > long !!
> > > Are we hopeless? Shall we pay a -10% everytime we have the lack
> of
> > information ?
> > > It depends on the tools we use.
> > > IBM clear Head&Shoulders [a well known bearish formation] was
> > cutting its neckline
> > > EXACTLY the day before.[point A]. You may speak for
coincidence,
> > for statistics etc. but, whatever
> > > you say has a penalty of -10%. It is up to you to choose the
T/A
> or
> > non T/A tools, when you trade
> > > with your [real] money.
> > > Dimitris Tsokakis
> > > References
> > > http://www.amibroker.com/library/detail.php?id=166
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