Automated Trading

Discussion in 'Trading Software' started by goldenarm, May 10, 2006.

  1. Sorak99

    Sorak99

    #11     May 13, 2006
  2. Very nice! Thanks Sorak99!
     
    #12     May 13, 2006
  3. Are you using one of the provided strategies or your own, and is it profitable?
     
    #13     May 16, 2006
  4. Sorak99

    Sorak99

    I use stocks "2.00 and below" strategy and I got a fairly good return the first few months. but recently (very recently) im down a little bit.

    The less i watch it, the more i make.

    ~G
     
    #14     May 16, 2006
  5. Are the Cool-trade strategies more suited for trending markets? How do they do in a choppy, sideways trading market? I'm worried that I'll just pay a lot in commissions by getting stopped out of trades and re-entering them unless my stops are wide enough.
     
    #15     May 17, 2006
  6. Sorak99

    Sorak99

    The available Cool-Trade strategies are more or less examples. You can change them or make your own.

    You can create a strategy to trade a 100 dollar stock when the emini is less than 10. Or you can have it buy Microsoft when the Nasdaq jumps up 600 points.


    There is also a default Conservative Strategy that may trade a few times a week (depending on the market at the time).

    The beauty of Cool-Trade is that you make your own strategies. The trick is making a good one. There are four basic steps in creating a strategy in Cool-Trade.

    For a long strategy:
    1. Setting rules for stock picks (or use your own portfolio)
    2. setting rules for when to buy
    3. Setting rules for when to add to your position (if desired)
    4. Setting rules for when to sell

    So for a short example:
    1. pick stocks thats 30 day average volume is greater than 1000000
    2. buy those stocks when the 20 day EMA is greater than the 10 SMA
    3. buy more of that stock if it falls 10%
    4. sell that stock if i make 50 cent profit.

    Of course you can make it more complicated than that, and there are timers, lot sizes, stop losses and a couple hundred rules to choose from.

    ~G
     
    #16     May 17, 2006
  7. Sorak99

    Sorak99

    Ok....

    So I typed up the criteria to make rules.

    Yesterdays close price
    yesterdays open price
    yesterdays high price
    yesterdays low price
    yesterdays volume

    2- day average volume
    3- day average volume
    4- day average volume
    5- day average volume
    10- day average volume
    20- day average volume
    30- day average volume
    50- day average volume
    200- day average volume

    2- Day SMA
    3- Day SMA
    4- Day SMA
    5- Day SMA
    10- Day SMA
    20- Day SMA
    30- Day SMA
    40- Day SMA
    50- Day SMA
    100 Day SMA
    200 Day SMA

    Lowest Price during the previous 2 Days
    Lowest Price During the Previous 3 Days
    Lowest Price during the Previous 4 Days
    Lowest Price during the previous 5 Days
    Lowest Price During the Previous 10 Days
    Lowest Price during the Previous 20 Days
    Lowest Price During the Previous 30 Days
    Lowest Price during the Previous 50 Days
    Lowest Price During the Previous 200 Days

    Days Since the 2-Day Low
    Days Since the 3-day low
    Days Since the 4-Day Low
    Days Since the 5-day low
    Days Since the 10-Day Low
    Days Since the 20-day low
    Days Since the 30-Day Low
    Days Since the 50-day low
    Days Since the 200-Day Low

    # of Days the 2-Day Low has Not Changed
    # of Days the 3-Day Low has Not Changed
    # of Days the 4-Day Low has Not Changed
    # of Days the 5-Day Low has Not Changed
    # of Days the 10-Day Low has Not Changed
    # of Days the 20-Day Low has Not Changed
    # of Days the 30-Day Low has Not Changed
    # of Days the 50-Day Low has Not Changed
    # of Days the 200-Day Low has Not Changed

    Highest Price During the Previous 2 Days
    Highest Price During the Previous 3 Days
    Highest Price During the Previous 4 Days
    Highest Price During the Previous 5 Days
    Highest Price During the Previous 10 Days
    Highest Price During the Previous 20 Days
    Highest Price During the Previous 30 Days
    Highest Price During the Previous 50 Days
    Highest Price During the Previous 200 Days

    Days Since the 2-Day High
    Days Since the 3-Day High
    Days Since the 4-Day High
    Days Since the 5-Day High
    Days Since the 10-Day High
    Days Since the 20-Day High
    Days Since the 30-Day High
    Days Since the 50-Day High
    Days Since the 200-Day High


    # of Days the 2-Day High Has Not Changed
    # of Days the 3-Day High Has Not Changed
    # of Days the 4-Day High Has Not Changed
    # of Days the 5-Day High Has Not Changed
    # of Days the 10-Day High Has Not Changed
    # of Days the 20-Day High Has Not Changed
    # of Days the 30-Day High Has Not Changed
    # of Days the 50-Day High Has Not Changed
    # of Days the 200-Day High Has Not Changed

    Close Price 2 Days Ago
    Close Price 3 Days Ago
    Close Price 4 Days Ago
    Close Price 20 Days Ago
    Close Price 50 Days Ago
    Close Price 100 Days Ago
    Close Price 200 Days Ago

    Price Change Since 2 Days Ago
    Price Change Since 3 Days Ago
    Price Change Since 4 Days Ago
    Price Change Since 20 Days Ago
    Price Change Since 50 Days Ago
    Price Change Since 100 Days Ago
    Price Change Since 200 Days Ago


    Percent Change Since 2 Days Ago
    Percent Change Since 3 Days Ago
    Percent Change Since 4 Days Ago
    Percent Change Since 20 Days Ago
    Percent Change Since 50 Days Ago
    Percent Change Since 100 Days Ago
    Percent Change Since 200 Days Ago

    Consequtive Days Price Up
    Consequtive Days Price Down
    Consequtive Days On Up List
    Consequtive Days On Down List

    Highest Price 1 Day Ago
    Highest Price 2 Day Ago
    Highest Price 3 Day Ago
    Highest Price 4 Day Ago
    Highest Price 5 Day Ago

    Lowest Price 1 Day Ago
    Lowest Price 2 Day Ago
    Lowest Price 3 Day Ago
    Lowest Price 4 Day Ago
    Lowest Price 5 Day Ago

    Open Price 1 Day Ago
    Open Price 2 Days Ago
    Open Price 3 Days Ago
    Open Price 4 Days Ago
    Open Price 5 Days Ago

    close Price 1 Day Ago
    close Price 2 Days Ago
    close Price 3 Days Ago
    close Price 4 Days Ago
    close Price 5 Days Ago

    Volume 1 Day Ago
    Volume 2 Days Ago
    Volume 3 Days Ago
    Volume 4 Days Ago
    Volume 5 Days Ago

    FUNDAMENTAL DATA

    Price Earnings Ratio
    52-Week High
    52-Week Low
    Calendar Year High
    Calendar Year Low
    Divident Yield
    Divident Amount
    Current Year EPS
    Next Year EPS
    5 Year Growth Rate
    Institutional Ownership Percent
    Beta
    Current Assets
    Current Liabilities
    Long Term Debt
    Common Shares OUtstanding
    Historical Volitility


    TECHINIAL INDICATORS (select by value)

    Average True Range(14)
    Bolinger(2,5,20)
    Bolinger Upper
    Bolinger Middle
    Bolinger Lower

    Commodity Channel Index(20)

    Exponential Moving Average(14)

    MACD(12,26,9)
    Macd Value
    MACD Signal Line

    Moving Avg High Low(14)
    MAHL High
    MAHL Low

    Momentum(14)

    On Balance Volume(0)
    ObVol Breakout
    ObVol Field Trend

    Pivot Points
    Pivot
    Resistance1
    Resistance2
    Support1
    Support2

    Rate of Change(100,14)

    Relative Strength Indicator(14)

    Random Walk Indicator(14)
    RWI High
    RWI Low

    Stochastic(14)
    Stochastic Rawk(14)
    Stochastic SlowD(14,3,3)
    Stochastic FastD(14,3)

    TECHNICAL INDICATORS (select bullish/bearish)

    Total Number of Bullish Indicators
    Total Number of Bearish Indicators

    .Bollinger Bands
    .CCI
    .Exponential Moving Average
    .HPR
    .LSM
    .MACD
    .MAHL
    .Momentum
    .On Balance Volume
    .ROC
    .Relative Strength Index
    .RWI
    .Stochastics

    CANDLESTICK FORMATIONS
    .AbandonedBabyTop
    .BeltHoldLineBull
    .EngulfingLineBull
    .Hammer
    .HaramiCrossWhite
    .HaramiWhite
    .Inverted Hammer
    .MorningDojiStar
    .MorningStar
    .PiercingLine
    .Rising3Method
    .SeperatingLineBUll
    .SideBySideWhiteGapUp
    .TasukiUpsideGap
    .ThreeGapsDown
    .ThreeWhiteSoldiers
    .AdvanceBlock
    .BeltHoldLineBear
    .DarkCloudCover
    .EngulfingLineBear
    .EveningDojiStar
    .EveningStar
    .Falling3Method
    .GravestoneDoji
    .HangingMan
    .HaramiBlack
    .HarmiCrossBlack
    .InNeckline
    .SeperatingLineBear
    .ShootingStar
    .SideBySideWhiteGapDn
    .StalledPattern
    .TasukiDownsideGap
    .ThreeGapsUp
    .UpsideGap2Crows



    These are the criteria to pick a stock. You pick one of these then in the middle screen there is a list: greater than, less than, greater than or equal to, less than or equal to, or equal (bullish and bearish for candelsticks), and a list of critiera on the right side. Then you have yourself a rule.

    You can have as many rules as you want.


    So you can put 2 day average volume is (Insert any Number including 0) less than the 3 day average volume as a rule.

    Thats about it for picking a stock.

    Opening a new position has a few extra rules, that account for times of the day and personal preferences, for example if you prefer the morning activity to the afternoon lull.

    Thats about it. Anyone want to help me make a scalping strategy? :)

    ~G
     
    #17     May 17, 2006
  8. I thought I saw on the site you could purchase other members "strategies" or just use one of the "provided" ones. Any success with either? Is there a results page for each strategy?
     
    #18     May 17, 2006
  9. Sorak99

    Sorak99

    Actually there are 4 default strategies (2 long and 2 short) and 10 on the website for purchase (5 Long and 5 Short).

    They used to cost a few bucks but I guess they are free for right now . :confused:

    Anyway, to answer your question there is a page that tracks your stats for strategies created or downloaded.

    When i first started, I created a scalping strategy that was working well in an up market, but it didn't do so well in a down market, and was horrible in a choppy sideways market. (Speaking about a single day time frame.)

    So then i created a Short Strategy for the down markets. Now i had a great Long and Short Strategy, but now when the market shifted from one to the other it didn't work so well.

    So I gave up trying to find and am now using a downloaded strategy which works well ($1,560 profit in 17 business days, average daily draw of $17,655). but im still trying to create that magical strategy that spits money.

    Results page is at the end of each strategy wizard.
     
    #19     May 17, 2006
  10. Thanks for the info!
     
    #20     May 17, 2006