Backtesting for more profitable Exits & Stop Losses

Discussion in 'Strategy Building' started by DisciplinedHedg, Mar 29, 2002.

  1. I use TC2000 for end of day screening.

    I use a variation of CANSLIM and breakouts (GaryBSmith-style) to look for candidates and eventually screen those myself.

    I'm looking for a program that would allow me to enter my trades on a daily basis. But then based on TC2000 data, or another data provider, be able to adjust my exit points and stop loss points such that it would have been more profitable so I know how to optimize my exits in the future.

    Example - I have a history of trades for the past month that I've entered. I usually do an exit of 6-7% gain, and 2-3% stop loss. However, maybe there is a program out there where I can play with the numbers and find that an exit of 10% gain and 5% stop loss would have improved my profits so that I can apply this to future trades.

    Thanks a ton.
  2. will do it for you. It has a very good analysis of MAE and MFE numbers to help in adjusting stops and targets.