Hi Hayman, Thank you for your congrats.. "I'm assuming that your L5 is calculated using values from Hi, Lo, Open, and Close. I'm also assuming that you are using Daily values of each. " Response : YES. "Given this, do you have historical data that has given you the ability to backtest your strategy over a lengthy timeframe ? " Response : YES. "easily programmable" ? Response : YES/NO. Many many lines of code. "Have you done this using Trading Station, WealthLab, or any of the other back-testing facilities available ?" Response : I use PROREALTIME. "Your results are extremely comendable, but as you know 4 months of results does not constitute a "sanctioned" trading system." Response : YES i know. I show you my system IN LIVE. It is so easy to sell a system with very good results. You can find hundreds of system with impressive returns. You just need to adjust for example the period of test or parameters. My system is LOGIC. I use it since several years. i also use other systems with the same philosophy. And above all, IT FITS ME WELL. I hope my responses have been clear ! Good day and good trades Best ! Emintrader
Thanks for your response, Emintrader. I like this style of trading as well, since it is very defined and mechanical. 2 other questions for you, if you care to answer: 1) Over how long a time period have you tested ?? 2) I know you have posted every day for 4 months (thanks !), but I was wondering if you could summarize --> Of the 5 liquid stocks that you are trading, have you seen a uniform 20 % or so increase trading each (to equal your roughly 100 % gain), or are some of these 5 behaving noticeably better than others ?? Thanks again, and keep up the good works Regards.
Results : HCBK : Buy at 12.803. Close at 12.80 So - 0.00% MRVL : Buy at 10.60. Close at 10.44 So - 1.509% RIMM : None JNPR : Buy at 18.186. Close at 18.532 So + 1.9029% SCHW : Buy at 16.231. Close at 16.582 So + 2.1638% 2009-04-10 : HCBK : L5 = 2,0992% MRVL: L5 = 2,6144% RIMM : L5 = 2,493% JNPR : L5 = 2,2844% SCHW : L5 = 2,2117% Have good trades... Overall bilan : + 109,7603% 2009-04-10(For Now is Now) HTS : L5 = 2,0294% MO : L5 = 1,1276% GDX : L5 = 1,8413% PBR : L5 = 2,6074% COGO : L5 = 2,4806% FSLR: L5 = 2,8512% SKF : L5 = 4,6053%
Hi hayman, Thank you for your remarks.. "1) Over how long a time period have you tested ??" Response : 10 years of backesting and in real trading more than 2 years. I am very proud of my system in major down trend markets. "2) I know you have posted every day for 4 months (thanks !), but I was wondering if you could summarize --> Of the 5 liquid stocks that you are trading, have you seen a uniform 20 % or so increase trading each (to equal your roughly 100 % gain), or are some of these 5 behaving noticeably better than others ??" Response : You can't have a uniform 20% per each stocks. Some stocks performs better at certain times and others performs better at different times. I follow the market. Since the beggiing of the year 2009 i know i have very good results and mentally i am prepared to have less results (but always positive ! ). By now these 5 stocks performs very well with a very good complementary. Others stocks performs very well also but i can't play 100 stocks in one time ! I must to make some choices...I evaluate each year my 5 stocks. Thank you for your encouragements. Best!
If you are a Tradestation user I have coded the strategy into EasyLanguage. Attached is the strategy along with the workspace I use. The workspace has a chart for each stock with the strategy added to each chart. All you need to do is enter the L5 provided every evening for each chart and turn on the automation. I wasn't able to backtest because the need to enter L5 every night prevents testing. Let me know if this works for you. Scott
Hi scastanon Thank you for your support But i don't arrive to open your files (type of file unknown). How do you do to read your files ? Thank you for your response. Emintrader
Once you unzip the file with winzip or other file compression program you'll find two files inside. One is a Tradestation workspace and the other is a Tradestation ELD file that contains the strategy. You need to be a Tradestation customer to use these files. Since you don't recognize the file format, I'm guessing that you use a different broker. For those that happen to be Tradestation customers they will find that it makes trading your fine strategy to be very easy. All they need to do is enter the L5's you provide every day and the program makes the trades automatically. Scott
Hi scastanon , Ok...No i am not a Tradestation customer. But i know easylanguage and i was curious. Can you make some screenshots by using word for example ? Thank you
I think there is a problem with the file? When I download the file, it just says strategy, and not a zip file that can be unzipped to find two files? I am not using Tradestation, but I am using Multicharts. So even if I can't load the strategy, I should at least be able to import the one 'study.' As suggested by the OP, can you post some screenshots? Forrest
Forrest - I checked the downloaded zip file and there is definitely two files in there. Here's the EL code. For some reason, I can't add an attachment in my reply. I need to contact tech support about that so I can't add a screen image until I can get that resolved. Scott // Input the percentage and number of shares to purchase Inputs: Pct(0), Numshares(100); vars: EntryPx(0), OpenPx(0), StopPPS(0), PT(0), Stopfactor(0.07), SingleEntry(False); // Calculations OpenPx = opend(0); EntryPx = OpenPx + ((Pct / 100) * OpenPx); PT = OpenPx * ((1 + ((Pct * 2) / 100))); StopPPS = Entrypx - OpenPx + Stopfactor; SingleEntry = entriestoday(date) < 1; // Buy between open and 3pm if time > 930 and time < 1500 and marketposition <> 1 and close > EntryPx and SingleEntry = True then buy ("Buy") Numshares shares next bar at EntryPx limit; // Sell at Profit Target sell ("Profit Target") numshares shares next bar at PT limit; // Stop Loss SetStopShare; setstoploss(StopPPS); // End of Day Sell if time = 1555 and marketposition = 1 then sell ("EOD Sell") numshares shares next bar at market;