[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[EquisMetaStock Group] Re: Buy High or Low? - an informal poll



PureBytes Links

Trading Reference Links

"Buy Long at next day's Open..."

No hindsight required.

No unknowns, no known unknowns, no unknown knowns, no unknown 
unknowns.  (With apologies to that great poet, Donald Rumsfeld) ;)
http://www.windsofchange.net/archives/003282.php


jose '-)
http://metastocktools.com



--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Jose,
> 
> Poses some interesting thoughts but IMO there are only 2 events
> that you will know...the open and the close. The low and high will
> not be known until after the open and right at the close. As far as
> the profit it would be nice if we knew the trend. Since everything
> is unknown my answer would be: 
> 4) I don't know
> 
> Preston
>   
>
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" 
> <josesilva22@> wrote:
>
> I've posted this poll on another usergroup, but it is currently 
> attracting little interest there.  The question deals with our 
> perception of the market vs its reality.
> 
> I can't post a Poll here, but it would be interesting to get some 
> informal results of members' opinions.
> 
> 
> ----------------------------------------------
> 
> Strategy Y:
> 
> Buy Long when Close is within 4% of today's High.
> (Buy Long at next day's Open when the Close is near the top of 
> today's High-Low range).
> 
> Sell Long when Close is within 4% of today's Low
> (Sell Long at next day's Open when the Close is near the bottom of 
> today's High-Low range).
> 
> 
> Strategy X (Y reversed):
> 
> Buy Long when Close is within 4% of today's Low
> (Buy Long at next day's Open when the Close is near the bottom of 
> today's High-Low range).
> 
> Sell Long when Close is within 4% of today's High.
> (Sell Long at next day's Open when the Close is near the top of 
> today's High-Low range).
> 
> 
> Question:
> Which trading strategy is likely to be more profitable, Y or X?
> 
> 1) Strategy Y
> 2) Strategy X
> 3) no difference - both are identical
> 4) I don't know
> 
> ----------------------------------------------
> 
> 
> To make it easier to visualize the simple condition signals, below 
> is the MS indicator code:
> 
> ==============
> Poll indicator
> ==============
> ----8<-------------------------------------
> 
> {©Copyright 2006 Jose Silva.
>   For personal use only - trade at own risk.
>   http://metastocktools.com }
> 
> { User inputs }
> pr1:=Input("Entry: min Close's % dist [0~100%] from bar's 
> Low",0,100,4)/100;
> pr2:=Input("Exit: min Close's % dist [0~100%] from bar's 
> High",0,100,4)/100;
> rev:=Input("Reverse Close position condition?  [0]No,  
> [1]Yes",0,1,0) ;
> plot:=Input("Signals:  [1]Clean,  [2]All,  [3]Trade binary",1,3,1);
> delay:=Input("Entry and Exit delay",0,5,0);
> 
> { Close x% of High-Low range signals }
> rangePos:=(C-L)/Max(H-L,.00001);
> entry1:=rangePos<=pr1;
> exit1:=rangePos>=(1-pr2);
> 
> { Reverse signals? }
> entry:=If(rev,exit1,entry1);
> exit:=If(rev,entry1,exit1);
> 
> { Clean signals }
> init:=Cum(IsDefined(entry+exit))=1;
> bin:=ValueWhen(1,entry-exit<>0 OR init,entry);
> long:=bin*(Alert(bin=0,2)
>  OR entry*Cum(entry)=1);
> short:=(bin=0)*(Alert(bin,2)
>  OR exit*Cum(exit)=1);
> signals:=long-short;
> 
> { Plot in own window }
> 0;
> Ref(If(plot=2,entry,0),-delay);
> Ref(If(plot=1,signals,
>  If(plot=2,-exit,bin)),-delay)
> 
> ----8<-------------------------------------
> 
> 
> jose '-)
> http://metastocktools.com






 
Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/equismetastock/

<*> Your email settings:
    Individual Email | Traditional

<*> To change settings online go to:
    http://groups.yahoo.com/group/equismetastock/join
    (Yahoo! ID required)

<*> To change settings via email:
    mailto:equismetastock-digest@xxxxxxxxxxxxxxx 
    mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx

<*> To unsubscribe from this group, send an email to:
    equismetastock-unsubscribe@xxxxxxxxxxxxxxx

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/