Automated Trading

Quote from Sorak99:

I've been using Cool-Trade for a while now.

George
More...
Are you using one of the provided strategies or your own, and is it profitable?
 
I use stocks "2.00 and below" strategy and I got a fairly good return the first few months. but recently (very recently) im down a little bit.

The less i watch it, the more i make.

~G
 
Are the Cool-trade strategies more suited for trending markets? How do they do in a choppy, sideways trading market? I'm worried that I'll just pay a lot in commissions by getting stopped out of trades and re-entering them unless my stops are wide enough.
 
The available Cool-Trade strategies are more or less examples. You can change them or make your own.

You can create a strategy to trade a 100 dollar stock when the emini is less than 10. Or you can have it buy Microsoft when the Nasdaq jumps up 600 points.


There is also a default Conservative Strategy that may trade a few times a week (depending on the market at the time).

The beauty of Cool-Trade is that you make your own strategies. The trick is making a good one. There are four basic steps in creating a strategy in Cool-Trade.

For a long strategy:
1. Setting rules for stock picks (or use your own portfolio)
2. setting rules for when to buy
3. Setting rules for when to add to your position (if desired)
4. Setting rules for when to sell

So for a short example:
1. pick stocks thats 30 day average volume is greater than 1000000
2. buy those stocks when the 20 day EMA is greater than the 10 SMA
3. buy more of that stock if it falls 10%
4. sell that stock if i make 50 cent profit.

Of course you can make it more complicated than that, and there are timers, lot sizes, stop losses and a couple hundred rules to choose from.

~G
 
Ok....

So I typed up the criteria to make rules.

Yesterdays close price
yesterdays open price
yesterdays high price
yesterdays low price
yesterdays volume

2- day average volume
3- day average volume
4- day average volume
5- day average volume
10- day average volume
20- day average volume
30- day average volume
50- day average volume
200- day average volume

2- Day SMA
3- Day SMA
4- Day SMA
5- Day SMA
10- Day SMA
20- Day SMA
30- Day SMA
40- Day SMA
50- Day SMA
100 Day SMA
200 Day SMA

Lowest Price during the previous 2 Days
Lowest Price During the Previous 3 Days
Lowest Price during the Previous 4 Days
Lowest Price during the previous 5 Days
Lowest Price During the Previous 10 Days
Lowest Price during the Previous 20 Days
Lowest Price During the Previous 30 Days
Lowest Price during the Previous 50 Days
Lowest Price During the Previous 200 Days

Days Since the 2-Day Low
Days Since the 3-day low
Days Since the 4-Day Low
Days Since the 5-day low
Days Since the 10-Day Low
Days Since the 20-day low
Days Since the 30-Day Low
Days Since the 50-day low
Days Since the 200-Day Low

# of Days the 2-Day Low has Not Changed
# of Days the 3-Day Low has Not Changed
# of Days the 4-Day Low has Not Changed
# of Days the 5-Day Low has Not Changed
# of Days the 10-Day Low has Not Changed
# of Days the 20-Day Low has Not Changed
# of Days the 30-Day Low has Not Changed
# of Days the 50-Day Low has Not Changed
# of Days the 200-Day Low has Not Changed

Highest Price During the Previous 2 Days
Highest Price During the Previous 3 Days
Highest Price During the Previous 4 Days
Highest Price During the Previous 5 Days
Highest Price During the Previous 10 Days
Highest Price During the Previous 20 Days
Highest Price During the Previous 30 Days
Highest Price During the Previous 50 Days
Highest Price During the Previous 200 Days

Days Since the 2-Day High
Days Since the 3-Day High
Days Since the 4-Day High
Days Since the 5-Day High
Days Since the 10-Day High
Days Since the 20-Day High
Days Since the 30-Day High
Days Since the 50-Day High
Days Since the 200-Day High


# of Days the 2-Day High Has Not Changed
# of Days the 3-Day High Has Not Changed
# of Days the 4-Day High Has Not Changed
# of Days the 5-Day High Has Not Changed
# of Days the 10-Day High Has Not Changed
# of Days the 20-Day High Has Not Changed
# of Days the 30-Day High Has Not Changed
# of Days the 50-Day High Has Not Changed
# of Days the 200-Day High Has Not Changed

Close Price 2 Days Ago
Close Price 3 Days Ago
Close Price 4 Days Ago
Close Price 20 Days Ago
Close Price 50 Days Ago
Close Price 100 Days Ago
Close Price 200 Days Ago

Price Change Since 2 Days Ago
Price Change Since 3 Days Ago
Price Change Since 4 Days Ago
Price Change Since 20 Days Ago
Price Change Since 50 Days Ago
Price Change Since 100 Days Ago
Price Change Since 200 Days Ago


Percent Change Since 2 Days Ago
Percent Change Since 3 Days Ago
Percent Change Since 4 Days Ago
Percent Change Since 20 Days Ago
Percent Change Since 50 Days Ago
Percent Change Since 100 Days Ago
Percent Change Since 200 Days Ago

Consequtive Days Price Up
Consequtive Days Price Down
Consequtive Days On Up List
Consequtive Days On Down List

Highest Price 1 Day Ago
Highest Price 2 Day Ago
Highest Price 3 Day Ago
Highest Price 4 Day Ago
Highest Price 5 Day Ago

Lowest Price 1 Day Ago
Lowest Price 2 Day Ago
Lowest Price 3 Day Ago
Lowest Price 4 Day Ago
Lowest Price 5 Day Ago

Open Price 1 Day Ago
Open Price 2 Days Ago
Open Price 3 Days Ago
Open Price 4 Days Ago
Open Price 5 Days Ago

close Price 1 Day Ago
close Price 2 Days Ago
close Price 3 Days Ago
close Price 4 Days Ago
close Price 5 Days Ago

Volume 1 Day Ago
Volume 2 Days Ago
Volume 3 Days Ago
Volume 4 Days Ago
Volume 5 Days Ago

FUNDAMENTAL DATA

Price Earnings Ratio
52-Week High
52-Week Low
Calendar Year High
Calendar Year Low
Divident Yield
Divident Amount
Current Year EPS
Next Year EPS
5 Year Growth Rate
Institutional Ownership Percent
Beta
Current Assets
Current Liabilities
Long Term Debt
Common Shares OUtstanding
Historical Volitility


TECHINIAL INDICATORS (select by value)

Average True Range(14)
Bolinger(2,5,20)
Bolinger Upper
Bolinger Middle
Bolinger Lower

Commodity Channel Index(20)

Exponential Moving Average(14)

MACD(12,26,9)
Macd Value
MACD Signal Line

Moving Avg High Low(14)
MAHL High
MAHL Low

Momentum(14)

On Balance Volume(0)
ObVol Breakout
ObVol Field Trend

Pivot Points
Pivot
Resistance1
Resistance2
Support1
Support2

Rate of Change(100,14)

Relative Strength Indicator(14)

Random Walk Indicator(14)
RWI High
RWI Low

Stochastic(14)
Stochastic Rawk(14)
Stochastic SlowD(14,3,3)
Stochastic FastD(14,3)

TECHNICAL INDICATORS (select bullish/bearish)

Total Number of Bullish Indicators
Total Number of Bearish Indicators

.Bollinger Bands
.CCI
.Exponential Moving Average
.HPR
.LSM
.MACD
.MAHL
.Momentum
.On Balance Volume
.ROC
.Relative Strength Index
.RWI
.Stochastics

CANDLESTICK FORMATIONS
.AbandonedBabyTop
.BeltHoldLineBull
.EngulfingLineBull
.Hammer
.HaramiCrossWhite
.HaramiWhite
.Inverted Hammer
.MorningDojiStar
.MorningStar
.PiercingLine
.Rising3Method
.SeperatingLineBUll
.SideBySideWhiteGapUp
.TasukiUpsideGap
.ThreeGapsDown
.ThreeWhiteSoldiers
.AdvanceBlock
.BeltHoldLineBear
.DarkCloudCover
.EngulfingLineBear
.EveningDojiStar
.EveningStar
.Falling3Method
.GravestoneDoji
.HangingMan
.HaramiBlack
.HarmiCrossBlack
.InNeckline
.SeperatingLineBear
.ShootingStar
.SideBySideWhiteGapDn
.StalledPattern
.TasukiDownsideGap
.ThreeGapsUp
.UpsideGap2Crows



These are the criteria to pick a stock. You pick one of these then in the middle screen there is a list: greater than, less than, greater than or equal to, less than or equal to, or equal (bullish and bearish for candelsticks), and a list of critiera on the right side. Then you have yourself a rule.

You can have as many rules as you want.


So you can put 2 day average volume is (Insert any Number including 0) less than the 3 day average volume as a rule.

Thats about it for picking a stock.

Opening a new position has a few extra rules, that account for times of the day and personal preferences, for example if you prefer the morning activity to the afternoon lull.

Thats about it. Anyone want to help me make a scalping strategy? :)

~G
 
I thought I saw on the site you could purchase other members "strategies" or just use one of the "provided" ones. Any success with either? Is there a results page for each strategy?
 
Actually there are 4 default strategies (2 long and 2 short) and 10 on the website for purchase (5 Long and 5 Short).

They used to cost a few bucks but I guess they are free for right now . :confused:

Anyway, to answer your question there is a page that tracks your stats for strategies created or downloaded.

When i first started, I created a scalping strategy that was working well in an up market, but it didn't do so well in a down market, and was horrible in a choppy sideways market. (Speaking about a single day time frame.)

So then i created a Short Strategy for the down markets. Now i had a great Long and Short Strategy, but now when the market shifted from one to the other it didn't work so well.

So I gave up trying to find and am now using a downloaded strategy which works well ($1,560 profit in 17 business days, average daily draw of $17,655). but im still trying to create that magical strategy that spits money.

Results page is at the end of each strategy wizard.
 
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