wayneL
'Abba Shboq Lhon'
- Joined
- 9 July 2004
- Posts
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dittoOk sounds good to me, i'd like to see a system that goes short too, so that might suit this approach?
Thats 2 for a shorter time frame.
Cheers,
off to bed...
3
dittoOk sounds good to me, i'd like to see a system that goes short too, so that might suit this approach?
Thats 2 for a shorter time frame.
Cheers,
off to bed...
ditto
3
I guess when we talk about hold times, we're really asking do we want a more nimble system that takes a little more time to manage, or a longer term, set & forget.
Of course, we'd love something that will hold forever and make us all rich, but we're not trying to design the perfect system here, merely a system that offers a good return per unit of risk (ie. Sharpe ratio) and has characteristics that make it trade-able, such as reasonable max drawdown, win% etc.
Once we decide what we're trying to achieve (in this case, hold time) we can start testing entries/exits that we think will achieve that goal.
Given TT is well documented here and elsewhere already, my vote is to design a system that is shorter term in nature so we don't cover old ground...
x = Param("EMA Hi-Lo Flipper",20,1,200,1);
hi = EMA(H,x);
lo = EMA(L,x);
x1 = IIf(C>Ref(hi,-1),1,IIf(C<Ref(lo,-1),-1,0));
x2 = ValueWhen(x1!=0,x1,1);
st = IIf(x2==-1,Hi,Lo);
paintbars = IIf(C < st, IIf(Cross(st,C),colorBlack,colorWhite), IIf(Cross(C,st) ,colorBlack,colorRed));
paintbars1 = IIf(C < st, colorWhite,colorRed);
Plot(st,"",paintbars1,styleDots|styleNoLine);
Plot(st,"",paintbars,styleStaircase|styleNoLabel);
// ATR Trailing stop - stevo 2006
multiplier = Param("ATR Multiplier", 3, 0, 10, 0.1);
myATR= multiplier*ATR(21); // calculate ATR
initial=H-myATR; // raw stop - not racheted
stop[ 0 ] = Close[ 0 ];
for( i = 1 ; i < BarCount; i++)
{
if( Close[ i ] > stop[ i - 1])
{
temp = Close[ i ] - myATR[ i ];
if( temp > stop[ i - 1 ] ) stop[ i ] = temp;
else stop[ i ] = stop[ i - 1 ];
}
else
stop[ i ] = initial[ i ];
}
Plot( Max(stop,Ref(stop,-1)), "ATR Stop", colorCustom12, styleDashed);
// Converted from ATR Trailing stop - stevo 2006
multiplier = Param("ATR Multiplier", 3, 0, 10, 0.1);
myATR= multiplier*ATR(21); // calculate ATR
initial=L+myATR; // raw stop - not racheted
stop[ 0 ] = Close[ 0 ];
for( i = 1 ; i < BarCount; i++)
{
if( Close[ i ] < stop[ i - 1])
{
temp = Close[ i ] + myATR[ i ];
if( temp < stop[ i - 1 ] ) stop[ i ] = temp;
else stop[ i ] = stop[ i - 1 ];
}
else
stop[ i ] = initial[ i ];
}
Plot( Min(stop,Ref(stop,-1)), "ATR Short Stop", colorSkyblue, styleDashed);
Sorry I can't see how Nick has put the Intra_day V EOD to rest
If Anything he has thrown it into complete Chaos suggesting that ONE can or should trade 3 -4 markets at any one time 24 hours a day
This is Madness and Lunacy if you ask me?
I find that my EDGE is that I put the hard yards well before the ASX opens
I wake up the birds and prepare for each day
I set my "open " orders and a few continency orders
"The Wind Calls the Tune " and I go off and play some golf and freshen up for another day at sea on the ASX in the morrow
Only this form of sailing gives you the stamina and technique to last out any year and then year on and year out
The downfall of course is you must love waking up the birds
I enjoy it and it is truly wonderful to stidy the Global Exchange when she stands still for only a few moments
That is my edge!
How anyone could do the necessary preparations for 3 time zones is beyond me and I congratulate anyone who says they can
Salute and Gods speed
PS I do some Intra-day trading when the weather outside is miserable but play the market more like a the pokies /Casino with small funds
I never invest real funds on an Intra-day whim!
The issue we're going to face is that everyone has a different personal makeup so everyone will automatically put forward a difference of opinion of what will constitute a better method.
Which I believe will render the exercise useless.
I hope I am wrong but most don't care what I think. I refuse to be bent and prodded with the business sdick; and normality doesn't like that.
How is everyone going to come to agreement on the parameters? Who is in charge of it?
BUY: If a stock goes down 3 days in a row, BUY at the open the next day
SELL: If a stock that the system is long closes up 2 days in a row, sell entire long position in that stock at the next day’s open.
You dont wanna be holding dogs for too long, and if winners keep going up, then stay in it, ride the trend.
Come on people get on with it.!!
Shorter term.
Both Long and Short --- This will help satisfy those who are looking for some Swing Component in the system. Also there is an arguement that this Bull Market wont go on for ever.So Both long and Short will give some insurance to some--perhaps.
Portfolio of Stocks traded maximum 10-18 open positions at a time (Known optimum)
Hmm on reflection perhaps 6-10 positions as there are many with only smaller capital bases.
Under 20K,I think however it would be better to use a realistic Capital base,starting undrcapitalised isnt
an ideal beginning for any trader!
Suggest a CFD universe of stocks as thats the most efficient way to go short.
Absolutely DOOMED.Must be designed by Homer Simpson.
Unlimited downside potential and limited upside.
On Waynes adjustable exits.
Cant use them in a system as the variables have to be fixed.
Fine for discretionary,but how would you pick which variable to use?
We've got some issues with a CFD universe to discuss. Do we want a limited risk account?
That is do we need GSL's on every trade or not. If not then I think that gives us more stocks.
We're probably looking at only 600 with GSL facility.
Hello all
How about a little battlers short term trading system (1 hour to 2 weeks) for those with only $2000, limited time, free charting software and trading only 1 leveraged bluechip stock at one time?
Cheers
Happytrader
Heres where we're at:
A short term system
Trades CFD's
Long and Short
Can we agree on this and move along to entries?
Cheers,
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