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--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> --- In amibroker@xxxxxxxxxxxxxxx, 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 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
> >
> >
> >
> >
> >
> >
> > ---------------------------------
> > Be a better sports nut! Let your teams follow you with Yahoo
> Mobile. Try it now.
> >
>
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