Adventures in Automation
- Thread starter fan27
- Start date
Ended the third quarter down a few percent. At the start of September I started trading stocks on an active basis. So far the results are very promising, especially given the fact that September was a down month (stock trades were up). The approach is to trade breakouts (discretionary) on the daily chart and hold for as long as the stocks decide to run.
So this journal coming to its end or what are you planning, stocks?
Basically how I go about things.
Have a watchlist and await pullbacks then the breakout.
Also, I'll take oportunistic trades, stocks which are off the radar and have spectacular moves, but that requires doing a little research that it is not a pump and dump and the stock has a high chance of success, eg checking out the quality of the directors, market cap size etc.
I took one small $500 position trade yesterday on a known shit stock, a shit sub penny stock, shit directors, gold explorer Africa, bottom of the barrel, pure 100% gamble, but I took it only due to the enormous size of trades which were hitting it. Rare for me to take these type trades, it was priced at $0.004.
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I am still very much running more my core auto strategies on MES. It is only the new day trading strategy on NQ that I shelved. Those strategies hardly use any of my capital so I am starting to trade stocks and a little crypto.
Nice...I got Mark Minervini's book "Think and trade like a champion" and am using a elements of his VCP pattern. I have the following scan I run in stockcharts.com. Stocks from that scan that look good will be added to a watch list and will be acted upon if there is a breakout.
// Trend Template
[Close > SMA(50, Close)]
AND [Close > SMA(150, Close)]
AND [Close > SMA(200, Close)]
AND [SMA(50, Close) > SMA(150, Close)]
AND [SMA(150, Close) > SMA(200, Close)]
AND [Close >= [Min(253,Close) + [Min(253,Close) * 0.25]]]
AND [Close >= [ Max(253,Close) - [Max(253,Close) * Max(253,Close) * 0.25]]]
// VCP
AND [adX Line(14) < 30]
AND [ATR(50) > ATR(7)]
AND [SMA(50, Volume) > SMA(7, Volume)]
// Stock Universe
AND [type = stock]
AND [SMA(20, Volume) > 200000]
AND [Close > 5]
and [country is US]
My current holdings include:
VTSI - Entered 2021-9-10 at 9.32
CLR - Entered 2021-9-15 at 42.61
PAG - Entered 2021-9-16 at 95.25
ICL - Entered 2021-9-23 at 7.31
JLL - Entered 2021-10-01 at 257.83
I have had five small losses so far with ATH, CALX, CYRX, SNAP and CVS.
I look at a couple of things in particular on my algo, a breakout in daily volume which is greater than 300% of long term average and I also need to see a minimum daily turnover (price*volume).
On the ASX turnovers are much smaller than USA markets so not much point me giving that figure, but a high turnover in a stock signals there is some serious interest in the stock.
Now, take pump and dump stocks, you may wish to eliminate these. The way I do it, pumpers are retailers so they have limited capital. I look at the minimum time stamps, in my instance 1 minutes tf's, and I want to see large trades going thru per minute. on ASX for example, retailers don't trade $100k trade sizes ever or constantly, so, if I set my sights on watching 1 minute trades and $100k sizes going through frequently, good bet this is not pump and dump.
My example of the sub penny shit stock I bought yesterday, this was being hit with $150,000 trades and larger at times throughout the day.
On the ASX turnovers are much smaller than USA markets so not much point me giving that figure, but a high turnover in a stock signals there is some serious interest in the stock.
Now, take pump and dump stocks, you may wish to eliminate these. The way I do it, pumpers are retailers so they have limited capital. I look at the minimum time stamps, in my instance 1 minutes tf's, and I want to see large trades going thru per minute. on ASX for example, retailers don't trade $100k trade sizes ever or constantly, so, if I set my sights on watching 1 minute trades and $100k sizes going through frequently, good bet this is not pump and dump.
My example of the sub penny shit stock I bought yesterday, this was being hit with $150,000 trades and larger at times throughout the day.
Is the subexpression
Code:
[Close >= [ Max(253,Close) - [Max(253,Close) * Max(253,Close) * 0.25]]]