|
PureBytes Links
Trading Reference Links
|
I thought this would be what you find. I've done a little with this in the
past and didn't have good results for my trading style which is short term.
Like you I found it was too slow.
However, you might try the following:
1. Try a different period for the moving average. Say as short as 3 and as
long as 20. Run an optimization to find a cluster of periods that works the
best. Switch the mov ave type to exponential which will be a little faster.
2. Instead of using this as a timing signal, use it as a filter for another
signal. I.E. if this signal is on a buy, only take long signals, no
shorts. If it is on a sell, don't take any long signals, only take shorts.
Or use it as an exit, ie, if you are in a long position and the signal goes
to sell, exit your long even if the other signal is still long.
3. Another trick that works sometimes is to take a stochastic of this
signal and use that as your signal. This will pick up the turns faster (
and also more of them, vis a vie your dips) and probably generate more
signals.
Note, I haven't tired any of these on this specific indicator
Good luck.
----- Original Message -----
From: "metastockuser" <metastockuser@xxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Thursday, May 06, 2004 3:54 AM
Subject: Re: [EquisMetaStock Group] What's wrong with this formula for
Enhanced System Te
> 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
> > >
> > >
> > >
> > >
> > >
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar.
Now with Pop-Up Blocker. Get it for free!
http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/BefplB/TM
---------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|