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HB,
I looked and could not find where you posted your favorite
Positionscore method.
Did I miss it?
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "HB" <hmab@xxxx> wrote:
> FYI, I tried all the position score methods that have been posted in
the past few days. They all performed worse than the one I was
currently using, except for Fred's BB example.
>
> It increased all the "good stats" by 50% but it also increased my
MDD by 50%. So, MDD is now at an unacceptable point, but definitely
worth a look into this scoring mechanism.
>
> HB
>
> ----- Original Message -----
> From: Gary A. Serkhoshian
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, December 13, 2003 1:00 PM
> Subject: Re: [amibroker] Re: PositionScore Ideas
>
>
> Hi Al !
>
> For shorter-term signals, it seems like volatility is your best
friend, and you'd mentioned that you've already tried that.
>
> So, how about Fred's BollingerBand example:
>
> BBandWid = 2;
>
> UBBand = BBandTop(Close, 21, BBandWid);
>
> LBBand = BBandBot(Close, 21, BBandWid);
>
> PositionScore = 100 - 100 * (Close - LBBand) / (UBBand -
LBBand);//0 when C == Upper Band, 100 when C == Lower Band
>
> OR a variation of good 'ol RT
>
> RT = Close / MA(Close,13); //64 bar is the original version
>
>
> BTW, if you don't mind sharing what are you basing your signals on
to give such short terms swings? You can keep in general if you like
(ie. ma-based, oscillator-based, etc.)
>
> Kind Regards,
> Gary
>
> Al Venosa <advenosa@xxxx> wrote:
> Thanks, Phsst. I'm a QP2 user also. But all those QP2
GetExtraData variables are not updated daily, so I don't think they
would be useful for a short-term trading system like I was talking
about. Using PositionScore over a modest time period, you'd get the
same 4 stocks all the time, wouldn't you, or at least until they get
updated. Perhaps QRS gets updated weekly, so maybe that wouldn't be as
bad, but I think I'd like something that is more reflective of the
trade system duration, in other words, something that I can update
daily at EOD.
>
>
> ----- Original Message -----
> From: Phsst
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, December 13, 2003 12:26 PM
> Subject: [amibroker] Re: PositionScore Ideas
>
>
> Al,
>
> My favorite is the QP2 QRS value (GetExtraData("QRS"). The QP2 QRS
> value is supposed to be a 'knockoff' of the IBD RS ranking score.
>
> I almost always get a significant boost using this ranking
figure as
> as the positionscore.
>
> If you do not have QP2, but have any ideas about how to do
your own RS
> Rank calculation, I'd be happy to run some comparisons for you (or
> anyone else) to measure your calculated RS Rank against QP2's
QRS rank.
>
> Cheers,
>
> Phsst
> --- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx>
wrote:
> > Hi, all:
> >
> > I've been experimenting with variuos short term trading systems
> lately (average trade durations of about 2.5 days), and I was
looking
> for ideas on how best to rank a watchlist to get the best
candidates
> for portfolio trading a basket of 4 stocks. I was wondering if
anyone
> would care to share any ideas on how you use the PositionScore
> function to rank your candidate list (using regular mode, not
> rotational mode). I've tried combinations of turnover and
volatility,
> but I'd like to try other ideas. I'm not asking anyone to give
away
> any secrets, and, yes, I am aware of TJ's example in the help file
> (PositionScore = 100 -RSI());), but I was just looking for
more ideas.
> I'm not even sure if this question is too vague or not. If it
is, I'm
> sure you'll tell me. TIA.
> >
> > Al Venosa
> > advenosa@xxxx
> >
> >
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