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Thank-you Lester for your time answering,
I may agree with you, but I still think it's worth backtesting.
The only problem is how to code the system rules....
Bye Antonio
--- In amibroker@xxxxxxxxxxxxxxx, "Lester Vanhoff" <ebsn247lsm@xxx> wrote:
>
> You have to be more specific. Up 7.9% or more from the lowest close
in how many days?. Then use the function:
>
> LLV(Close, 14);
>
> where 14 means "14 periods back, including the last quote".
>
> Give it a try, but those kind of rudimentary "trading systems" are
most of the time a recipe to lose money.
>
> Lester
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Antonio" <daunbailoo@> wrote:
> >
> > Hello everybody, I have read of this model in various sites and was
> > tempted to code it in AFL.
> >
> > You can find it on tradingmarkets.com
> >
> > The following is the code description:
> >
> >
> > Model Name: Nasdaq % Model
> >
> > This is a straightforward stop-and-reverse system, based solely on the
> > momentum of the Nasdaq Composite. If the index is in a downtrend, wait
> > for the index to reverse to the upside. Go long on any Nasdaq
> > Composite close that is up 7.9% or more from the lowest close. Exit
> > the long position and go short if the index reverses to the downside
> > and closes 7.9% or more from the highest close since beginning your
> > long position.
> >
> >
> > Antonio
> >
>
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