|
PureBytes Links
Trading Reference Links
|
Guno,
Although I would agree that Head & Shoulder or Ghost patterns are
sometimes difficult to detect by AFL or other similar language, I
would think indicators like zeroline rejects are relatively easy to
write code for. The technique as defined in the pdf is pretty
straighforward. The problem is when some have written code that
does in fact identify the pattern it is not particularly profitable
when traded over lots of issues and long periods of time. So I
guess the question for those like you who have studied the method
and trade it manually is ... Is the description in the pdf
accurate ? If not then I understand the differences. If it is then
my conclusion is that on larger testing samples over longer periods
of time it isn't practrical.
Christopher,
As far as backtesting goes ... If one can write a system in AFL one
can backtest it.
--- 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
------------------------ Yahoo! Groups Sponsor --------------------~-->
Has someone you know been affected by illness or disease?
Network for Good is THE place to support health awareness efforts!
http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/GHeqlB/TM
--------------------------------------------------------------------~->
Check AmiBroker web page at:
http://www.amibroker.com/
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|