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good points... Another major difficulty with pattern-recognition AFL
is actually backtesting it.
Does anyone know of a framework (ie AFL coding structure/design
pattern) that would allow for backtesting/optmization? instead of
just exploring?
Most of the stuff in the library just highlights recent patterns,
while historical patterns are typically not shown.
hopefully someone can prove me wrong.
- chris
--- In amibroker@xxxxxxxxxxxxxxx, "gunovanengel" <gunovanengel@xxxx>
wrote:
>
> Hi Fred,
>
> I first learned about woodies system about a year ago, while
> surfing the internet looking for systems and indicators. The
first
> two months I just listened to the audio files on woodies website I
> did not do any actual trading with woodies system.. Up to that time
> I was trading EOD systems I got from various sources. After
> listening to the soundfiles at the website I decided to purchase
> Hotcom lite. I simply watched the Hotcom charts and listened to
the
> moderators for one or two months. After about four months I
decided
> to switch to realtime trading. I purchased Esignal data and
started
> experimenting with woodies CCI on amibroker.
>
> Putting it on a time line
>
> 0 2 4
> 10 months
>
|__________________|_________________|______________________________|
> Listening to the sound | Listening to mods | Paper trading
the
> CCI later
> Filles on woodies site | on Hot comm. | trading
stocks
> in 5 or 10 lots
>
> It was easy to write the code to see whether CCI is above or Below
> the Zero line.
>
> The problem I faced was in writing the code the rules to identify
> the tradable patterns..
> Woodie has about nine tradebale patterns
> 1. Ghost (head and shoulders on CCI )
> 2. Inverted Ghost
> 3. Vegas trade
> 4. Famir Shamu
> 5. Zeroline Reject
> 6. Horizontal trendline Break
> 7. Trendline Break
> 8. Regular diversions
> 9. Zeroline rejects
>
> The problem is that you recognize the patterns on screen. But it is
> difficult if not impossible to define these patterns into a
computer
> algorithm that accurately catches these patterns. For instance take
> the Ghost pattern. How to program my computer the find the head
and
> the shoulders? I see it on my screen but I cannot write computer
> code to find them. In the past three months I traded three ghost
> patterns giving me a nice profit. So I know it works but I cannot
> program it. When I see it I recognize it, but I cannot program it.
>
> My bread and butter is the Zeroline reject. 95% of my tardes are
> zeroline rejects. A zeroline reject is a CCI line coming down from
> above the 100 Line, the moment it turns up it becomes a zeroline
> reject. Meaning price hit a resistance point. I see it on my
> screen but I cannot program it. I have tried to write a scanning
> algorithm to find Zeroline rejects without success.
>
> What I do every evening is to manually flip through the charts in
my
> Amibroker database ( more than 500) looking for stocks that
> show zero line rejects or ghosts. Not very high tech but it works
> for me.
>
>
> Hope this helps
>
> Regards
> Guno
>
> Check out
> Activetrader article on the Ghost pattern
> http://193.203.240.46/woodiescciclub/activetrader-mag/index.htm
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Fred" <ftonetti@xxxx> wrote:
> >
> > I'm not questioning your path or how you got there or how long it
> > took. But straightforward as a term doesn't seem to fit a
trading
> > system that takes 8+ months to learn. Can you speak to which of
> the
> > techniques of Woodies you use and how you use them or is that in
> > some way proprietary information ? I would think if the
> methodology
> > really were straightforward one would be able to write AFL for
> it.
> > Can you explain for the benefit of all why that doesn't appear to
> be
> > the case ?
> >
> > Thanks in advance,
> >
> > Fred
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "gunovanengel"
> <gunovanengel@xxxx>
> > wrote:
> > >
> > > Just completed High probability trading
> > > Take the steps to become a Successful trader by Marcel Link
> > > Published by Mc GrawHill. a very good book.
> > >
> >
>
http://www.amazon.com/exec/obidos/ASIN/0071381562/qid=1107884848/sr=2
> > > -1/ref=pd_ka_b_2_1/104-2232989-6418306
> > >
> > > It took this guy seven years to become a sucessfull trader
> trading
> > > for a living. I took me about 10 months to evolve from a losing
> > > trader into a profitable trader trading for living using
woodies
> > > system.
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Fred" <ftonetti@xxxx> wrote:
> > > >
> > > > Straightforward ? and it takes 8+ months to learn ? Some how
> > that
> > > > doesn't quite seem to fit.
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "gunovanengel"
> > > <gunovanengel@xxxx>
> > > > wrote:
> > > > >
> > > > > Hi Natasha
> > > > >
> > > > > Do not be hard on yourself take the time, give yourself
> eight
> > > > > months to a year to learn woodies system. After that you
> can
> > > add
> > > > to
> > > > > your trading arsenal by adding other methods and systems.
> Try
> > to
> > > > get
> > > > > a real good grasp of Woodies system.
> > > > >
> > > > > In essence the system is quite straightforward. It tries to
> > give
> > > > you
> > > > > a systematic approach to the markets. The market is a manic
> > > > > depressive beast. One moment prices shoot up to the sky.
The
> > > next
> > > > > minute they plunge to all time lows. Woodies system helps
> you
> > to
> > > > > find order in the chaos of rising and falling prices. It
> > signals
> > > > you
> > > > > when to trade from the Long side, the Short side and when
to
> > > stand
> > > > > aside.
> > > > >
> > > > > The main rules of the system are.
> > > > >
> > > > > 1. when prices are more than six bars above the zero
> > line only
> > > > > trade from the Longs Side
> > > > > 2. When prices are more than six bars below the zero
> > line only
> > > > > trade from the short side
> > > > >
> > > > > When price are more than six bars above or below the
> zeroline
> > it
> > > > > means that there is an established up or down trend.
> > > > >
> > > > > When you have found an establish up or down trend, look for
> a
> > > > > tradable pattern. There are about eight or nine tradable
> > > patterns
> > > > in
> > > > > woodies system. I use the following three in my trading. My
> > > > > preference goes to the ZLR.
> > > > >
> > > > > ZLR - Zero Line Rejects
> > > > > TLB - Trend Line Breaks
> > > > > HTLB - Horizontal Trend Line Breaks
> > > > >
> > > > > The philosophy behind these patterns is to take advantage
> of
> > > > prices
> > > > > hitting support or resistance. The system work on all time
> > > frames
> > > > > (Intraday & EOD) on currencies, stocks and commodities. It
> is
> > a
> > > > > censoring system with a trigger to signal you when to enter
> > the
> > > > > market of your choice.
> > > > >
> > > > > My suggestion to you is to start with just one pattern for
> > > > instance
> > > > > the ZLR.
> > > > > Jeff `s Document on the CCI is a good starting point.. Here
> is
> > > the
> > > > > link
> > > > > http://woodiescciclub.com/Trading-Woodies-CCI-System.pdf
> > > > >
> > > > > Paper trade the system for a while, after this trade stocks
> in
> > > > lots
> > > > > of 5 or 10 , when you make a mistake you only lose a couple
> > of
> > > > > cents at the most a few dollars. The advantage of this is
> that
> > > you
> > > > > are practicing real trading. Paper trading is phony. It is
> > only
> > > > good
> > > > > for practicing the moves. But after this move on trading
> small
> > > > lots
> > > > > 5 to 10 stocks. As your expertise and confidence grows you
> can
> > > > > increase your trading size.
> > > > >
> > > > >
> > > > >
> > > > > Regards
> > > > > Guno
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > --- In amibroker@xxxxxxxxxxxxxxx, Natasha !!
> > > > <dynomitedoll_ddd@xxxx>
> > > > > wrote:
> > > > > > Hi,
> > > > > >
> > > > > > Thanks a lot for the information .It was very
> educative
> > > and
> > > > > helped
> > > > > > me a lot. I had well just about given up on the woodies
> and
> > > was
> > > > > looking
> > > > > > at something else but now i will take a second look.
> > > > > >
> > > > > > Here is Mr Herbert's code :
> > > > > >
> > > > > >
> > > > > > @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > > > > > Here is Woodie's CCI 14 code. In my opinion the patterns
> are
> > > more
> > > > > > suitable for short-term trading. However, I heard that he
> > > > mentioned
> > > > > > about some other proprietary pattern/indicator.
> > > > > >
> > > > > > Herbert
> > > > > >
> > > > > > -----
> > > > > > _SECTION_BEGIN("Woodie's CCI");
> > > > > >
> > > > > > //Woodies CCI, Long term CCI;
> > > > > >
> > > > > > T=14;
> > > > > >
> > > > > > Title = Name () + " " + FullName() + " "
> > > > > >
> > > > > > + "CCI" + " Periods:" + WriteVal(T,0);
> > > > > >
> > > > > > B=Cross(CCI(T),0);
> > > > > >
> > > > > > D=Cross(0,CCI(T));
> > > > > >
> > > > > > COL=IIf(BarsSince(B)>4 AND CCI(T)>0,colorBrightGreen,IIf
> > > > (BarsSince
> > > > > (D)>4
> > > > > > AND CCI(T)<0,colorRed,colorLightGrey)) ;
> > > > > >
> > > > > > Plot(CCI(T)," ",COL,styleHistogram+styleThick);
> > > > > >
> > > > > > Plot(CCI(T),"CCI 20",colorBlack,styleLine+4);
> > > > > >
> > > > > >
> > > > > >
> > > > > > // Plot range lines
> > > > > >
> > > > > > Plot(200,"",colorRed);
> > > > > >
> > > > > > Plot(-200,"",colorRed);
> > > > > >
> > > > > > Plot(100,"",colorBlue);
> > > > > >
> > > > > > Plot(-100,"",colorBlue);
> > > > > >
> > > > > > Plot(0,"",colorYellow,styleThick);
> > > > > >
> > > > > > PlotGrid(50,colorGreen);
> > > > > >
> > > > > > PlotGrid(-50,colorGreen);
> > > > > >
> > > > > > GraphXSpace=2;
> > > > > >
> > > > > > _SECTION_END();
> > > > > >
> > > > > > @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > > > > >
> > > > > > This is coded by Mleonsprint:
> > > > > >
> > > > > > Formula:
> > > > > > Title = "Woodies CCI " + " " + FullName() + " " + Date
( ) ;
> > > > > >
> > > > > > A=Param("CCI TURBO PERIODS",6,3,14,1);
> > > > > > A1=Param("CCI 14 PERIODS",14,7,20,1);
> > > > > > A2=ParamColor("CCI TURBO",colorBrightGreen);
> > > > > > A3=ParamColor("CCI 14",colorRed);
> > > > > > A4=CCI(A);
> > > > > > A5=CCI(A1);
> > > > > > A6=IIf(A5<0,colorBrightGreen,colorRed);
> > > > > > A7=IIf(Ref(A5,-5) <0 AND Ref(A5,-4) <0 AND Ref(A5,-3) <0
> AND
> > > Ref
> > > > > (A5,-2)
> > > > > > <0 AND
> > > > > > Ref(A5,-1) <0,colorRed,A6);
> > > > > > A8=IIf(Ref(A5,-5) >0 AND Ref(A5,-4) >0 AND Ref(A5,-3) >0
> AND
> > > Ref
> > > > > (A5,-2)
> > > > > > >0 AND
> > > > > > Ref(A5,-1) >0,colorBrightGreen,A7);
> > > > > > Plot(A5,"CCI TURBO HISTOGRAM",A8,styleHistogram);
> > > > > > Plot(A4,"CCI TURBO",A2,styleThick);
> > > > > > Plot(A5,"CCI 14",A3,styleThick);
> > > > > > Plot(0,"ZERO LINE",colorBlack,styleThick);
> > > > > > Plot(100,"HUNDRED LINE",colorBlack,styleDots);
> > > > > > Plot(-100,"MINUS LINE",colorBlack,styleDots);
> > > > > >
> > > > > > @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > > > > > Coded by wring:
> > > > > >
> > > > > > AFL Library
> > > > > > List Add formula
> > > > > >
> > > > > > Details:
> > > > > > Formula name: CCI Woodies Style
> > > > > > Author/Uploader: Larry Jameson - cljameson@xxxx
> > > > > > Date/Time added: 2004-11-16 18:13:49
> > > > > > Origin:
> > > > > > Keywords: Woodies CCI
> > > > > > Level: semi-advanced
> > > > > > Flags: indicator
> > > > > >
> > > > > > Download formula file | Delete formula
> > > > > >
> > > > > > Description:
> > > > > > This CCI chart incorporates some of the features seen on
a
> > > > Woodies
> > > > > CCI
> > > > > > Chart.
> > > > > >
> > > > > > Formula:
> > > > > > ///////////////////////////////
> > > > > > // CCI Woodies Style - Coded by Wring
> > > > > > // Amibroker 4.63.1
> > > > > > ///////////////////////////////
> > > > > > //
> > > > > > // Note: Set Custom Scaling in dialog just below this
> > dialogue
> > > > box
> > > > > > // to Min -350, Max +350
> > > > > > //
> > > > > > // Set Background color to DarkOliveGreen
> > > > > > // Set Axes color to white
> > > > > > //
> > > > > > ///////////////////////////////
> > > > > >
> > > > > >
> > > > > > z = CCI(14);
> > > > > > LSMA = LinearReg(C, 25 );
> > > > > > EMA34 = EMA(C,34);
> > > > > >
> > > > > > Title = Interval(2) + " " + Name() + ", " + EncodeColor
> > > > > (colorOrange) +
> > > > > > "CCI 14=" + round(z) + ", " +
> > EncodeColor
> > > > > (colorLightBlue) +
> > > > > > "CCI 6=" + round(CCI(6)) +
> > EncodeColor
> > > > > (colorPink) +
> > > > > > "\nPrice=" + H + ", " + L + ", " + C
> > +
> > > > > > EncodeColor(colorWhite) + " " + Date
> > ();
> > > > > >
> > > > > > // Colour the bars for Woodies Trend Following
> > > > > > Plusbars = BarsSince(z < 0);
> > > > > > Minusbars = BarsSince(z > 0);
> > > > > > TrendBarCount = 5;
> > > > > > for( i = 0; i < BarCount; i++ )
> > > > > > {
> > > > > > if (Plusbars[i] >= TrendBarCount)
> > > > > > Color[i] = colorGreen;
> > > > > > else
> > > > > > if (Minusbars[i] >= TrendBarCount)
> > > > > > Color[i] = colorRed;
> > > > > > else
> > > > > > Color[i] = colorBlack;
> > > > > > }
> > > > > >
> > > > > > // CCI Histogram
> > > > > > Plot(z,"",Color,styleHistogram | styleNoLabel);
> > > > > > // CCI Line
> > > > > > Plot(z,"CCI 14",colorWhite,styleLine | styleNoLabel |
> > > > styleThick);
> > > > > > // Turbo CCI
> > > > > > Plot(CCI(6),"CCI 6",colorLightBlue,styleLine |
> > > > > styleNoLabel);
> > > > > > // zero line 25lsma
> > > > > > Plot(0,"",IIf(C > LSMA,colorGreen,IIf
> > > > (C<LSMA,colorRed,colorBlack)),
> > > > > > styleThick | styleNoLabel);
> > > > > > // Print the price label - Note div by 1000 to position
> > price
> > > > near
> > > > > 0
> > > > > > line
> > > > > > Plot(Prec(C / 1000,3),"",
> > > > > > IIf(C >=Ref(C,-
> > 1),colorGreen,colorRed),styleNoLine);
> > > > > >
> > > > > > // Set up color for the 100s, green if 34ema above red if
> > below
> > > > > > Color = IIf(C>EMA34,colorGreen,
> > > > > > IIf(C==EMA34,colorBlack,colorRed));
> > > > > > // Plot the 100s
> > > > > > Plot(100,"",Color,styleDots |styleNoLine | styleNoLabel |
> > > > > styleThick);
> > > > > > Plot(-100,"",Color,styleDots |styleNoLine | styleNoLabel
|
> > > > > styleThick);
> > > > > > // Plot the 50s
> > > > > > PlotGrid(50,colorTeal);
> > > > > > PlotGrid(-50, colorTeal);
> > > > > > // Plot the 200s
> > > > > > PlotGrid(200,colorTeal);
> > > > > > PlotGrid(-200,colorTeal);
> > > > > > // Plot the 300s
> > > > > > PlotGrid(-300,colorTeal);
> > > > > > PlotGrid(300,colorTeal);
> > > > > >
> > > > > >
> > > > > >
> > >
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > > > > >
> > > > > > I would be very much interested in your views and what if
> > > > anything
> > > > > is
> > > > > > needed furthur in the above since you are already using
> the
> > > > > woodiescci
> > > > > > strategies and are more equipped than many to analyse.I
> did
> > > > apply
> > > > > these
> > > > > > but since i was not too sure whether to pursue them
> further
> > i
> > > > didnt
> > > > > > study them with interest.
> > > > > > Thanks once again.
> > > > > >
> > > > > >
> > > > > >
> > > > > > =====
> > > > > > Warm regards,
> > > > > > Natasha !
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > __________________________________
> > > > > > Do you Yahoo!?
> > > > > > Yahoo! Mail - Find what you need with new enhanced search.
> > > > > > http://info.mail.yahoo.com/mail_250
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