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The code will choose the top Equity stock at the
Inspection Point [IP] and will trade all its [individual] signals up to the next
inspection.
The procedure will be repeated for every future
inspection.
The Equities at an inspection point are counted from the
beginning of the available data.
All stocks should be aligned, missing bars should be filled
before the research.
The starting and ending date for all stocks should be the
same
The application is effective from Amibroker 4.44.1, Oct12,
2003, when the
SetForeign( ticker, fixup = True, tradeprices =
False)
was implemented *
The selected stock at IP had an Equity value G. It is the
ground level for the next trades and is plotted as a blue thick
line.
Up to the next IP we may see if the selected top stock was
profitable [Eq>G] or not [Eq<G].
The black line is the Equity from IP to IP.
How does it work : At the Inspection point X, for
example, PETM was the top Equity stock [see PETM red equity
line]
The code selected PETM and followed its trades up to now [PETM
was the top stock for the next two IPs too !!]
// A Hi-pass Equity filter at the Inspection
PointsSTART=DateNum()==1000530 ;Title="TOP EQ
STOCK";EVENT=BarsSince(START)%101==0;Plot(2000,"",1,1);Plot(10000,"",Cum(1)%2,1);PlotShapes(shapeCircle*EVENT,colorRed);G=0;CountER=0;list
= GetCategorySymbols( categoryGroup, 254 );// group IDfor( i = 0; ( sym =
StrExtract( list, i ) ) != ""; i++
){SetForeign(SYM,True,True);global Buy;global
Sell;Buy=Cross(StochD(),30);Sell=Cross(50,StochD());E1=Equity(1,0);E11=ValueWhen(EVENT,E1);T11=ValueWhen(EVENT,Cum(1));G=IIf(G>E11,G,E11);CountER=CountER+1;}Plot(G,"\nG",colorBlue,8);CountER1=0;D=0;list
= GetCategorySymbols( categoryGroup, 254 );// group IDfor( i = 0; ( sym =
StrExtract( list, i ) ) != ""; i++
){SetForeign(SYM,True,True);global Buy;global
Sell;Buy=Cross(StochD(),30);Sell=Cross(50,StochD());E1=Equity(1,0);E11=ValueWhen(EVENT,E1);G11=ValueWhen(EVENT,G);D1=IIf(E11==G,CountER1,0);D=D+D1;EE=IIf(E11==G,E1,-1E10);Plot(EE,"",1,1);CountER1=CountER1+1;}Title=Title+"
["+WriteVal(D,1.0)+"]"+WriteIf(EVENT," *
","");SetForeign("PETM",True,True);Buy=Cross(StochD(),30);Sell=Cross(50,StochD());E0=Equity(1,0);Plot(E0,"",4,8);//Plot(D,"",1,styleOwnScale);
Notes
1. The 100 N100 stocks and the index ^NDX are placed in my
Group254.
If your stocks are in the WatchList5, for example, you should
change the // group ID lines as follows
list = GetCategorySymbols( categorywatchList, 5
);//
2. The
Buy=Cross(StochD(),30);Sell=Cross(50,StochD());was
used as example of the trading system.
Settings were arranged in AA window
Buy, Sell at Open
Delay +1
commission 0.25%
all stops disabled
initial equity 10000
3. G [thick blue line] is the ground level, the equity value
for the selected stock at the IP.
As you see, even for the top stocks, the system was not quite
profitable, the [black] individual Equity lines
are frequently below their Ground level G.
4. D is the ordinal # of the stock in the database. You may
uncomment the last line to see the top Ds.
If you place your cursor on some bar, you will read D in the
title.
An asterisk * will appear at each IP bar. As you
see, on Oct20, 2000 the system sold #67 [NVDA] to buy
the new top stock #2 [ADBE]
5. The graph is universal and will not change as you move from
ticker to ticker in your symbol tree.
This is the basic idea, to ride on the top equity
stock.
The expectation is a follow up, at least up to the next IP.
If negative, the inspector will search for the new rising star
of the show, right at the next IP !!
More details in part II, hopefully today...
Dimitris Tsokakis
* From the 4.44.1 Readme.html
SetForeign( ticker, fixup = True, tradeprices = False) and
RestorePriceArrays( tradeprices = False ) have new flag now: tradeprices
(False by default)
when tradeprices is set to TRUE, then not only OHLC, V, OI,
Avg arrays are set to foreign symbol values, but also BuyPrice, SellPrice,
ShortPrice, CoverPrice, PointValue, TickSize, RoundLotSize, MarginDeposit
variables are set to correspond to foreign
security.
This allows Equity() to work well with
SetForeign.
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