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Tom.
I was running this for some other folks, was not really wanting to
use it myself. When using 30 as a buy and 70 as a sell I felt it
underperformed B&H and missed a lot of upside.
I optimized a little and found that a cross from below to abvoe 35
for a buy and cross from above 75 to below for a sell worked better.
Butin the Nasdaq traded very infrequently. Less than one round trade
a year over many years. Would have been like watching grass grow as a
hobby and underperform as well, even though it makes money.
Someone suggested that it might be enhanced by changing the buying
paramaters to something that would be more flexible and generate more
signals. Lets say you have a buy running, look for an X% dip off of
the indicator high since the buy to generate a sell rather than a rise
above 75 and then dip below.
And I would imagine that a buy would be generated if after a sell
there was some sort of proportional rise? It's an idea to work out.
But simply using the crossing of extreme levels to generate buys and
sells did not do the trick. It needs a faster trigger to buy and sell.
To proceed further would be a burden to me as it requires programming
skills I do not possess. I might be able to work it out by tossing
massive time at it and stealing code that I'm aware of here and there
on line...but I am presently persuing other trading-development goals
in my time off. Moving toward simpler trading techniques which require
very basic computer searches combined with a little eyeballing of
support-resistance and trending channels.
I think the indicator has potential but needs work. I think that
might apply to most indicators?
I've got a strong feeling you have the computer skills to develop the
indicator into a faster trading vehicle if you were looking for the
challange. Draw down on the extreme swing trading was very low. But
I'm thinking that by speading up the trading to outperform buy and
hold, you would also most likely increase drawdown.
--- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
<tlsprunger@xxxx> wrote:
> So, now I'm curious.
>
> Does this signal generate profitable signals?
>
>
>
> ----- Original Message -----
> From: "metastockuser" <metastockuser@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Wednesday, May 05, 2004 1:14 AM
> Subject: Re: [EquisMetaStock Group] What's wrong with this formula for
> Enhanced System Te
>
>
> > OK Tom,
> >
> > I have it and I feel pretty stupid. The last time I used the system
> > tester I was building a short system. I left it toggled to short but
> > of course, here, was only trying to build a long system.
> >
> > You did help in that you spotted my error in looking for values
> > ranging between 0 and 100 but that my formula was generating between 0
> > and 1.
> >
> > You've also taught me that trick of how to plot a signal to debug
> > what's going on. It actually also helped. Knowing the signal was
> > working...I went back to the system tester trying to determine why it
> > would not take a trade, and spotted the setting that was off.
> >
> > Thanks for all your efforts. Good trading to you, sir.
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
> > <tlsprunger@xxxx> wrote:
> > > oops.... had mistake in the signal logic.
> > > should be:
> > >
> > > signal:=If(cross(nhnl,0.3)=1,1,If(cross(0.7,nhnl)=1,-1,0);
> > >
> > >
> > > ----- Original Message -----
> > > From: "Tom Sprunger" <tlsprunger@xxxx>
> > > To: <equismetastock@xxxxxxxxxxxxxxx>
> > > Sent: Tuesday, May 04, 2004 3:12 PM
> > > Subject: Re: [EquisMetaStock Group] What's wrong with this
formula for
> > > Enhanced System Te
> > >
> > >
> > > > You say your indicator seems to work.
> > > >
> > > > Let's see if the buy sell logic works. To do that make another
> > indicator.
> > > > Give it another name.
> > > >
> > > > This indicator will give the buy sell signals so we can see if
> > they are
> > > > working.
> > > >
> > > > Something like: nhnl buy sell signals
> > > >
> > > > nhnl:=Mov(Security("C:\MetaStock Data\BM
> > > > Data\X.NASD-H",C)/(Security("C:\MetaStock Data\BM
Data\X.NASD-H",C)
> > > > +Security("C:\MetaStock Data\BM Data\X.NASD-L",C)),10,S);
> > > >
> > > > signal:=If(cross(nhnl,0.3)=1,1,If(cross(0.7,nhnl)=1,-1);
> > > > signal
> > > >
> > > > This indicator should plot a 1 when you get a buy signal above
0.3 and
> > > a -1
> > > > when you get a sell signal below 0.7 and a 0 the rest of the time.
> > > >
> > > > By doing this as an indicator you can visually see if the buy sell
> > signals
> > > > are occurring when you want them to.
> > > >
> > > > Then you can debug your logic until the signals make sense. After
> > that
> > > you
> > > > go back to the system tester.
> > > >
> > > > Give it a try.
> > > >
> > > >
> > > > ----- Original Message -----
> > > > From: "metastockuser" <metastockuser@xxxx>
> > > > To: <equismetastock@xxxxxxxxxxxxxxx>
> > > > Sent: Tuesday, May 04, 2004 2:35 PM
> > > > Subject: Re: [EquisMetaStock Group] What's wrong with this
formula for
> > > > Enhanced System Te
> > > >
> > > >
> > > > > Still not working. I tried both ways. Something not quite
right.
> > > > >
> > > > > One thing that bothers me is that the metastock Broader market
> > groups
> > > > > has two files for each symbol in that folder. Their ticker
> > appears to
> > > > > be the same, but the discription says one is daily data and
one is
> > > > > weekly data. Im wondering how it knows which data to use in
a case
> > > > > like this.
> > > > >
> > > > > Take Nasdaq New Highs Daily ticker is X.NASD-H Weekly
ticker is
> > > X.NASD-H
> > > > >
> > > > > I wonder if one of the tickers may be calling up daily and one
> > may be
> > > > > calling up weekly and thus things are screwed up.
> > > > >
> > > > > In any case. going X 100 didn't work or looking for say .30
rather
> > > > > than 30 didn't work.
> > > > >
> > > > >
> > > > >
> > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
> > > > > <tlsprunger@xxxx> wrote:
> > > > > > There is nothing wrong with your formula. It is your trigger.
> > Your
> > > > > formula
> > > > > > output value will range between 0 and 1.0. As it is set up it
> > is not a
> > > > > > percent, rather it is a decimanl value.
> > > > > > So all you have to do is change your trigger from 30 to
0.3 and it
> > > > > should
> > > > > > work.
> > > > > >
> > > > > > If you wish to have it in percent, then multiply the entire
> > formula
> > > > > by 100
> > > > > > and your trigger 30 should work.
> > > > > >
> > > > > >
> > > > > >
> > > > > > ----- Original Message -----
> > > > > > From: "metastockuser" <metastockuser@xxxx>
> > > > > > To: <equismetastock@xxxxxxxxxxxxxxx>
> > > > > > Sent: Tuesday, May 04, 2004 10:13 AM
> > > > > > Subject: [EquisMetaStock Group] What's wrong with this
formula for
> > > > > Enhanced
> > > > > > System Tester??
> > > > > >
> > > > > >
> > > > > > > I'm attempting to recreate a formula at Market Gauge.
I've come
> > > pretty
> > > > > > > close to recreating it as an indicator but can't get it to
> > run as a
> > > > > > > system test or Exploration. No Buys Generate and that is my
> > issue.
> > > > > > >
> > > > > > > Here is their explanation of the formula....
> > > > > > >
> > > > > > > New High/New Low Ratio: The daily number of new highs
> > divided by the
> > > > > > > sum of new highs and new lows. The indicator is the 10-day
> > moving
> > > > > > > average of this ratio.
> > > > > > >
> > > > > > > I've created the formula
> > > > > > >
> > > > > > > Mov(Security("C:\MetaStock Data\BM
> > > > > > > Data\X.NASD-H",C)/(Security("C:\MetaStock Data\BM
> > Data\X.NASD-H",C)
> > > > > > > +Security("C:\MetaStock Data\BM Data\X.NASD-L",C)),10,S)
> > > > > > >
> > > > > > >
> > > > > > > and it appears to work as an indicator. I get a plot
of the
> > > average
> > > > > > > and the indicator is very close to what they get.
> > > > > > >
> > > > > > > This looks very close to their indicator at this web site.
> > > > > > >
> > http://tal.marketgauge.com/dvMGPro/Charts/charts.asp?chart=OCHILO
> > > > > > >
> > > > > > > But if I set it as a buy signal in the Metastock
Enhanced system
> > > > > > > tester....the indicator never generates a buy. Below I
> > simply set
> > > it
> > > > > > > up as >30 to create a buy. Obviously you can see that I'm
> > > referencing
> > > > > > > the location of the Highs and Lows data on my hard drive
in the
> > > > > > > formula. I'm guessing it's how I'm accessing the highs
and lows
> > > > > > > that's messing me up???
> > > > > > >
> > > > > > > I have tried using the formula, tired using the
> > indicator...no buy
> > > > > > > generates when running it against the Nasdaq Composite
in the
> > > Enhanced
> > > > > > > System tester. But looking at the indicator output...buys
> > should
> > > > > > > generate.
> > > > > > >
> > > > > > > Mov(Security("C:\MetaStock Data\BM
> > > > > > > Data\X.NASD-H",C)/(Security("C:\MetaStock Data\BM
> > Data\X.NASD-H",C)
> > > > > > > +Security("C:\MetaStock Data\BM Data\X.NASD-L",C)),10,S)
> 30
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > Yahoo! Groups Links
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > Yahoo! Groups Links
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > Yahoo! Groups Links
> > > >
> > > >
> > > >
> > > >
> > > >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
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