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Phsst, no you did not miss it because I never
posted it.
My original one is based on a really simple
reward/risk ratio. The higher the ratio, the better.
I'm also going to check out the suggestion of using
system's past performance on the stock. That's how I regularly select my
basket, but I never thought of using it to rank. This would be akin to
what Chuck & other have been saying all along. I.e. don't select a
basket, let the ranking sort through all stocks and pick the good
ones.
HB
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Phsst
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, December 14, 2003 11:04
PM
Subject: [amibroker] Re: PositionScore
Ideas
HB,I looked and could not find where you posted
your favoritePositionscore method. Did I miss
it?Phsst--- In <A
href="">amibroker@xxxxxxxxxxxxxxx, "HB"
<hmab@x...> wrote:> FYI, I tried all
the position score methods that have been posted inthe past few
days. They all performed worse than the one I wascurrently using,
except for Fred's BB example.> > It increased all the "good
stats" by 50% but it also increased myMDD by 50%. So, MDD is now at
an unacceptable point, but definitelyworth 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 bestfriend, 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 onto 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 QP2GetExtraData variables are not updated daily, so I don't
think theywould be useful for a short-term trading system like I was
talkingabout. Using PositionScore over a modest time period, you'd get
thesame 4 stocks all the time, wouldn't you, or at least until they
getupdated. Perhaps QRS gets updated weekly, so maybe that wouldn't be
asbad, but I think I'd like something that is more reflective of
thetrade system duration, in other words, something that I can
updatedaily 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 rankingfigure
as> as the positionscore.>
> If you do not have QP2, but have
any ideas about how to doyour 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'sQRS 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
waslooking> for ideas on how
best to rank a watchlist to get the
bestcandidates> for portfolio
trading a basket of 4 stocks. I was wondering
ifanyone> 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
andvolatility,> but I'd like to
try other ideas. I'm not asking anyone to
giveaway> any secrets, and,
yes, I am aware of TJ's example in the help
file> (PositionScore = 100
-RSI());), but I was just looking formore
ideas.> I'm not even sure if this
question is too vague or not. If itis,
I'm> sure you'll tell me.
TIA.> >
> > Al
Venosa> >
advenosa@xxxx> >
> >
> >
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