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Hi,
As a non-Amibroker user, could I ask for some help from this never-
tiring group!
I have tried to use the magic OUT3 condition and it improved my
results, but I am not sure whether I have interpreted it correctly.
What I have used for OUT3 is that for a buy to be generated, in
addition to stochRSI being below a level(for application to
stochRSI) , the stock close is also below the Kdn and Ref(OUT2,-1) is
true. Is this the correct interpretation?
Also, I could not understand what exactly Y=Foreign(("~OUT3","V")
meant. Is it the universe of stocks satisfyting OUT3?
And what could be the meaning for Y==0 (or Y==1 for that matter)?
If someone could please clarify these in non-AFL terms, I would be
obliged.
Thanks
Vin
--- In amibroker@xxxx, "Herman van den Bergen" <psytek@xxxx> wrote:
> Thank you Dimitris, for your interesting OUT3 approach!
>
> The OUT3 is a great idea to try as an add-on to some other systems
i have
> that suffer from "weak" signals that result in bad trades. So much
to do, so
> much fun, when do i have time to sleep?
>
> Take care,
> as always: your posts are very stimulating :-)
> Herman.
>
> -----Original Message-----
> From: dtsokakis [mailto:TSOKAKIS@x...]
> Sent: Sunday, July 21, 2002 4:26 AM
> To: amibroker@xxxx
> Subject: [amibroker] Re: Magic OUT3 [and the STOCHRSI]
>
>
> Hi b,
> you may see the relative performance of StochRSI with and without
the
> magic OUT3 condition [Y<=2].
> I have posted both formulas.
> The OUT3 condition, in general, improves various systems for this
> period of 30 last months.
> I have not searched this condition for other periods and I have not
> any reason to do it.
> The way it acts is to cancel some wrong trades, if you examine
> carefully trade by trade.
> For example, it helped me to avoid a wrong entry 8 days ago, when
> some indicators gave a weak "buy".
> Note also that it is a composite ticker for the whole N100 market.
> The synthesis and the behavior of this set was quite different the
> 90s. It is not so safe to run composites with the hypothetical
recent
> synthesis 5 or 10 years ago [this is really ..."artificial"]
> If the +240% is interesting to go to +450% or +650% you may use it.
> Else, you may trade with +240%. It is excellent, in one way or
> another.
> The StochRSI is not a universal system [try the whole N100
> backtesting and you will see the results].
> The magic OUT3 is a universal condition and will help you to avoid
> some wrong [and not profitable] entries, due to the [quick] StochRSI
> whipsaws.
> DT
> --- In amibroker@xxxx, "b519b" <b519b@xxxx> wrote:
> > Dimitris,
> >
> > Thank you for posting the code for your OUT123 composite (based on
> > the N100 stocks). I have played around with it with the stoRSI on
> > the QQQ and the ^NDX. The ^NDX was used to see how the QQQ likely
> > would have behaved prior to its creation in March 1999. Here are
my
> > observations:
> >
> > 1. It really does well since mid 2000 for QQQ and ^NDX data.
> >
> > 2. It did very poorly from 1998 to mid-2000. This was tested on
the
> > ^NDX data from Yahoo. The drawdown was about 50%.
> >
> > 3. From 1990-1997, it's equity curve moves in a range of -20% to
> > +20% with some minor trending.
> >
> > Unless I have missed something (which is possible), it appears
that
> > the stoRSI system with the MagicOut123 addition is GREAT for
> trading
> > in a BURST BURST period (ie, the current bear market), but it is
> > equally POOR for trading during a bubble building phase (1998-
> 1999).
> > For more "normal" periods of 1990-1998 (not bubble building or
> > bursting), it is more or less random. Although it does display
some
> > trending results within that period, it ended with about the same
> > equity it started with.
> >
> > b
>
>
>
>
>
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