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Vin,
Y is an array.
Y has a value everyday, it is a time function.
Y<=2 means for the certain day that less than 3 stocks of N100 closed
out of Keltner Channel [below the support Keltner line, to be more
specific] for a 3rd consecutive day.
The condition is for the whole N100 market, not for the traded stock.
You will see better the properties of Y if you plot in ind. builder
the
Y=Foreign(("~OUT3","V")
plot(Y,"",1,2);
Y has positive integer values, 0, 1, 2 etc.
When we ask Y<=5, we need 5 stocks among the 100, no matter which
stocks.
DT
--- In amibroker@xxxx, "vinst1" <vinst1@xxxx> wrote:
> 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
> >
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
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