--- In [email protected], "brian_z111" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], David LW <protraderinc@> wrote: > > > > Hi Brian, > > > > I'm not good in programming, Those codes you pass me I don't how to > use it :( > > I know how to use Formula Editor. > > That's all right. > I will write it up as an example for the UKB in the next week or two > (I'll post a link here for you when it is ready) - I think it makes > an interesting example that some others might be interested in.
I posted the code for the raw signal at the UKB - it is in the Trading Systems category as "Inverse Return To Mean System". http://www.amibroker.org/userkb/ I'll finish it later. brian_z > > I will also have a look and see if I can include Dick's example (he > usually comes up with some interesting ideas). > > > > Which course did you mention in the last email? > > > > Actually the criteria scan is to get those stocks that is in the > zone. We basically monitor those to bounce off and create higher high > and higher low. Not very good in explaining it in words. I'll try to > get live examples step by step for the next few days or weeks :o) > > Don't worry about any more examples - I understand what you are > saying and can explain it to others via the UKB. > > Hope people can benefit or at least find some idea from this :o) > > > > brian_z111 <brian_z111@> wrote: --- > In [email protected], "protraderinc" <protraderinc@> > > wrote: > > > > > > Hi, > > > > > > Can a scanner or explorer be written out of the following > criterias? > > > > > > Its a basic MA system I used for forex but want use the idea in > > stocks. > > > Simple MA use are 30, 50, 100 SMA. For easy illustration, we > will > > only > > > talk about uptrend buy signal > > > > > > - The ma must stack with 30sma to be the first,follow by 50 then > 100 > > > uptrend buy signal. Vice versa for sell signal. > > > > > > - Charts to appear in scan should have price within the 30 and > 50 > > SMA > > > zone. Price can just have the shadow touching 30sma to be > included > > in > > > the setup. > > > > > > - If price close 1 bar below 50sma, I'll consider it to be a > riskier > > > trade. I'll will watch out if it bounce off the next day. If not > > I'll > > > void the setup. > > > > > > I usually visually check the chart for such setup. Very > difficult > > to go > > > thru all for stocks :( > > > > > > The idea for this strategy is to find those trending stocks and > > buying > > > those that bounce off from the 30-50sma zone. if price drop with > a > > long > > > candle cutting thru and close below 50sma, in order to enter we > > need it > > > to bounce off asap and take the buy signal. If it hang around > the > > area > > > below 50SMA or around it I'll void the setup. To take the trade > > simply > > > you can use price action to time your entry. Such as breakout > from a > > > short term down trendline, MACD Default setting: minimum 4 down > > > histogram bar and signal entry on the up histogram bar in the > SMA > > Zone. > > > Or if price is already in the zone and there is a small > > consolidation in > > > the zone, Buy at the break of the range top. Plenty of ways to > > trade. > > > > > > Hope someone can help construct this SMA scanning criteria. > > > > > > I'll try to post some snapshots of how such setup can be > profitable. > > > > > > Dave > > > > > > > Sure, I know this trade. > > A way back I paid around USD$300-400 for a variation of it and I > > spent plenty of time studing the intracies (I won't say if it is a > > good trade or not but I got my moneys worth out of the study > anyway). > > > > I am like CarlaCash - I see better when I am standing on my feet, > and > > not my head, so unless Carla shares her upside down chart method I > > will stick with the bulltrade (don't worry Carla I have also had > the > > silly idea, in the past, to reverse charts upside down for bear > > trading). > > > > As an aside, I am inclined to the theory that there is only one > trade > > we can make and everything is a variation on it (like the Zen 'One > > Mind' or the Moody Blues 'Search For The Lost Chord') and this > trade > > contains all the elements of 'The One Trade' (the exceptions are > > things like arbitridge trading, mispriced options etc). > > > > Anyway, back to the story. > > > > The 'Raw Signal' for this setup is the conjunction of bullish MA's > > and the bar crosses the MA from above: > > > > 1) for any MA the ROC(Field,Periods) > 0 is an easy way to filter > for > > that condition, > > > > 2) for the move into the 'zone' from a bull run the filter is that > > the prevous low is > short MA and the current low is < short MA. > > > > So that filter will give you those stocks that are pre-empting > your > > specific setup. That list will considerably shorten your search. > > > > After that it comes down to what conditions you are going to apply > to > > your entry (and there are quite a few of them). With this trade > that > > is where the fun starts. Once the current bar is in the 'zone' > what > > conditions will you use to filter that list of stocks down to the > > short list or the one or two that you will take. > > > > You are using one condition? > > That the close of the bar must not be below the 50 MA? > > There are a few others to think about as well (that is where I > spent > > a lot of time)- does it make any difference? > > > > Anyway, assuming I have understood you correctly, that is the > > starting point. > > > > Thanks for sharing your example trades. > > I can't resist having a look when other traders are generously > share > > their experiences. > > > > BTW - what's the difference between Forex and Stock patterns? > > They all look the same regardless, don't they? > > Underlying qualities like standard deviation etc will vary though. > > > > brian_z > > > > > > > > > > > > > > --------------------------------- > > Be a better sports nut! Let your teams follow you with Yahoo > Mobile. Try it now. > > >
