Is there any code available for automatically building a watchlist of best-performing "random" stocks that work for a specific system, or would this be inviting too much curve-fitting into one's analysis?
~Brian --- In [email protected], [EMAIL PROTECTED] wrote: > > Time frames have a bit to do with the problem, but the type of instrument > and its time in its cycle are also VERY important. For example, some > stocks are more predictable than others, and therefore lend themselves to > TA better than others. Then, the stock's behavior changes as a function > of its growth cycle and it will no longer be as easy to figure out. > > Millowena > > On Sat, 11 Mar 2006 19:13:18 -0800 (PST) kris45mar <[EMAIL PROTECTED]> > writes: > Thanks Brian. > > Reading between the lines you have a weekly system which works well with > trend orientated entry and exit signals. Does this mean you have > different types of entry and exit signals for daily of intraday systems? > and would one see a different class of entry signal with regard to say > intraday trading versus longer term trending. Haven't look at CCI yet > although have seen much written about it here. > > I guess the stage I am at is saying ok enough of this discretionary > stuff, let's put together some ideas for a system: and then finding out > there are *many many* ideas out there with which to work. With the power > of AB and all these options I feel like a kid in a lolly shop. I would > like to limit my system to an EOD stock trading system, long only. Is > Woodie's CCI intended for a specific time frame? Will have a look at it > anyway. > > I guess what I am asking you, and any one who wishes to chip in, is this: > are there different categories of entry / exit signals one should look at > depending on one's chosen time frame? > > You comments also imply that one should, as Herman indicated, select a > timeframe to trade, take the signal, and if there is not the expected > result within that chosen timeframe, then use a time based exit signal. > > Thanks again. > > ChrisB > > > > Brian <[EMAIL PROTECTED]> wrote: > ChrisB, > > I am finding through optimization results that a time period should > be used to determine when to get out of a trade placed according to > a TREND -based buy signal. > > I am also finding that oscillator signals work great for determining > exits. My favorite is the % Bollinger Band, for doing this, although > I mix it with two other indicators that confirm the %BB signal (it's > all determined by the % results for each signal, after everything is > weighted and combined. > > Overall, though, I get more profit with weekly trades over anything > else. So I am obviously trend oriented. The oscillators are good for > daily entry points, within the trend. Woodies CCI is great for > seeing the dips which are then confirmed by other oscillators~ > The goal of course being to reduce the risk, and not build some > super-fancy over-optimized system. When given the choice to select a > type of indicator or signal amongst a group of nicely-performing > signals, I always favor items that will naturally support my > discretionary style. Whatever reduces the emotions to a feeling of > trust in the numbers... > > ~Brian > > > --- In [email protected], "Herman van den Bergen" > <psytek@> wrote: > > > > I simply try to trade price patterns based on a handfull of minute > bars... I > > expect profitable conditions to exist early in the trade, not near > the end. > > If a trade doesn't behave as expected soon i feel like gambling, > or trying > > to get lucky, and I rather get out and wait for another > opportunity. > > > > While this may sound easy it isn't and a lot of work goes into > peripheral > > code to trade patterns automatically. > > > > best regards, > > herman > > > > > > -----Original Message----- > > From: [email protected] > [mailto:[EMAIL PROTECTED] > > Behalf Of kris45mar > > Sent: Saturday, March 11, 2006 10:41 AM > > To: [email protected] > > Subject: RE: [amibroker] Short system advice? > > > > > > Herman, > > > > thanks for the reply. > > > > Presumably one would have a high win ratio (% of winners) with > these short > > term systems, and smaller pay off ratios? > > > > When exits are based on price action or price targets alone, and > they do > > not reach the profit target, would you use a time based stop? > > > > If not then one could assume we could use oscillators that will > continue > > to oscillate and return a sell signal, even if price does not > reach the > > target? > > > > Or indicators that have a time based decay such as parabolic SAR? > > > > ChrisB > > > > Herman van den Bergen <psytek@> wrote: > > Hi Chris, > > > > Yes i like to develop short term systems: the shorter the > better, > > usually 1-10 minute trades. imo, The significance of a signal > fades quickly. > > And yes, I meant ApplyStop() type stops where you set the position > to close > > at a given % trade DD. Invariably maxloss stops make me "lock in > Losses" and > > the price goes my way after I close the position. I don't use > complicated > > stops and perhaps that is the problem. I find it better to develop > system > > without and kind of profit/loss stops, just the basic system > working on > > signals only. Almost always after i have that working adding > profit stops > > will increase profits and adding Max Loss stops decrease profits. > > > > best regards, > > herman > > > > > > -----Original Message----- > > From: [email protected] > [mailto:[EMAIL PROTECTED] > > Behalf Of kris45mar > > Sent: Saturday, March 11, 2006 7:29 AM > > To: [email protected] > > Subject: RE: [amibroker] Short system advice? > > > > > > Herman > > > > Could I trouble you to expand on that briefly?: > > > > by "max stop loss" I presume you mean an initial capital > protection as > > per > > Applystop(stoptypeloss,...,......) or similar. > > > > or do you mean trailing stops as in > > Applystop(stoptypetrailing,..., ..., ... ? > > > > I appreciate your systems may be shorter term, rather than > longer. > > > > Only ask because this w/e I have been reviewing all my > trades since > > Jan 2004 (ASX markets, stocks, long only, trend following) and > found that it > > is my trailing stops (whatever volatility parameter), that > curtailed my > > results, (together with emotions etc but that is another story). I > might > > look at locking in the stop at breakeven, then only trailing when > there is a > > pattern/retracement/consolidation above each successive R- multiple > profit > > level, starting at 3R. This would have served me far better in the > trending > > market we have experienced over the last few years. > > > > I am beginning to think that for shorter term systems, > initial Capital > > protection stops may prematurely halt the cyclical nature of > whatever is > > causing the system to work, but need to get to grips with more > coding and > > backtesting skills to confim this. > > > > Your comments would be most appreciated. > > > > ChrisB > > > > > > > > Herman van den Bergen <psytek@> wrote: > > stocks have "character" some work Long and some work short > and some > > work both ways. Same wrt rhythmic and other characteristics...imho > there is > > no reason why we should assume any characteristic to be permanent > or common > > to a large population. > > > > When designing a system I try to find similar performance > for Long > > and Short, this gives me more confidence that I won't go broke in > a strong > > trend. Systems that only work Long or Short make me nervous as I > worry that > > they will stop working abruptly. Sometimes, most of the time I > should say... > > it is necessary to adjust parameters individually for long and > short. I try > > to develop systems that give me thousands of trades (minute time > frame) and > > produce a nice smooth surfaces on the 3D charts. I never trust > systems that > > give me more than one significant hotspot. > > > > wrt indicator, I don't use any. I trade only very short > term > > patterns - I am a skeptic on the use of traditional indicators. > Never got > > any to work well - probably because I don't have the patience (or > nerve) to > > sit through long trades and through major DDs. > > > > tips? don't use any max loss stops, imho they kill > systems. Use > > profit stops instead. Design both Entries and exits individually, > only > > rarely will an entry rule give same performance as an exit rule. > The > > exception to this may be high speed automated reversal trading > systems > > (50-100 trades a day) that are in the market full time > > > > jmo... from a developer's viewpoint, I enjoy development > more than > > trading :-) > > > > herman > > > > > > > > > > Yahoo! Mail > Bring photos to life! New PhotoMail makes sharing a breeze. > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > > For other support material please check also: > http://www.amibroker.com/support.html > > > > > > SPONSORED LINKS Investment management software Real estate investment > software Investment property software > Software support Real estate investment analysis software Investment > software > > > > YAHOO! GROUPS LINKS > > Visit your group "amibroker" on the web. > > To unsubscribe from this group, send an email to: > [EMAIL PROTECTED] > > Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. > ------------------------ Yahoo! Groups Sponsor --------------------~--> Try Online Currency Trading with GFT. Free 50K Demo. Trade 24 Hours. 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