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A few thoughts - mostly around converting this to "real world"
trading.
1 - I'm not exactly sure how this works - but in your settings you
have "Allow same bar exit" checked ON. How does this work with your
(a) Exit Delay of 1 - is AB exiting at next day's open? since
you're using EOD data.
(b) Stop Loss/Profit Target - are these hit regularly? Will
you/do you always place Stoplimit orders to make sure you those will
be triggered? I've tried always having StopLimit's, but its kinda
time consuming to maintain them as an EOD trader/part-timer.
2 - It sounds like you're using the trough function? I think that's
based on teh ZigZag indicator, which looks into the future - which
means that today's signals could change dramatically (i.e.
dissappear) next week.
Hope this was what you were looking for, and that I didn't insult you
if this is how you wanted to setup your system.
One last note, I'm not sure about other people, but I've found it to
be *extremely* useful to review each month's trades, and go back to
make sure that the AB signals, continue to match up with what I did
during the month. Sometimes tinkering with your AFL can make you
follow phantom signals, which lead to pretty dissaastrous results.
(I know - this might be too basic for you all, but I made one pretty
crappy mistake this month)
Best Regards,
- chris
--- In amibroker@xxxxxxxxxxxxxxx, "ckinsey2003" <ckinsey2003@xxxx>
wrote:
>
> New to Trading & AB, would appreciate any constructive comments on
why
> this simple mechanical system may or may not work. Be kind <G>.
Screen
> shots at www.pvtnetworks.net/jkinsey/JKWeb/MechSys.html
>
> The Primary BUY/SELL indicator is a Stochastic/RSI copied from the
AFL
> library, smoothed with an AMA. Simply BUY on a trough, SELL on a
peak.
> The Secondary BUY/SELL filter is the S&P and/or VIX, allowing
Primary
> BUY's if Bullish & SELL's if Bearish. The secondary(s) is also AMA
> smoothed. PostionScore = 100 - RSI(21);
>
> Explores are done each evening on EOD data of the whole S&P for
> SELL's, then BUYs. Orders placed for next morning Open.
>
> Up to 3 positions at a time, 30% Equity per trade. 10% Stop Profit,
4%
> Stop Loss.
>
> Statistics Report about 80% CAR over past 3 years Backtest of S&P.
> About 50/50 Winners/Losers with around a 2:1 margin.
>
> For Settings, Statistics and some screen shots see the following
Link.
> www.pvtnetworks.net/jkinsey/JKWeb/MechSys.html
>
> Looking foreword to some good feedback, Jack Kinsey
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