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--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> --- In amibroker@xxxxxxxxxxxxxxx, "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
>
Sorry, that should be ROC(MA(Field,Periods),1) > 0;
brian_z
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