I already told you in a PM that the over-optimized "system" (its trading algorithms and logic) is crapola.
If you want to look into programming something, take a look at this:
Intermarket Trading Strategies
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BWolinsky Trading
- Thread starter bwolinsky
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If you want to look into programming something, take a look at this:
Intermarket Trading Strategies
Quote from MandelbrotSet:
I already told you in a PM that the over-optimized "system" (its trading algorithms and logic) is crapola.
If you want to look into programming something, take a look at this:
Intermarket Trading Strategies
I bought the book, Mandy. Gift for my 25th birthday. I have a feeling it's a next level book only programmable in a bloomberg terminal.
I think it'll be great prep for Level III of the CFA Exam.
<b>Update: Pairs Trading QID QLD Scalper</b>
The Q's volatility has decreased over the past six bars narrowing the fair value range. We are slightly toward the overbought side, and I anticipate a crossover of the overbought thresholds in the q's this week. A sharp reversal would be met with buying. A couple light days during this week would cause further narrowing of the threshold volatilities, and would cause a rare event for the overbought threshold to be less than the buy to cover threshold. This is a pre-condition to allowing winners to run. In most cases the overbought threshold is nearly always beyond the buy to cover threshold. It may not be so in this case.
The Up Threshold has been estimated to be $30.78 for QID, and this would mark a mean reverting level or point of resistance for any support/resistance traders. QLD's last reported threshold when we were near oversold levels was $35.2. These thresholds are merely estimates, and no positions are taken intraday based on this information. Any action is taken after the market close, and will be at least a couple days till we trade. Tuesday would be the earliest trading day, and Monday there will be no position.
<b>Update: Cash Cow from Bwolinsky</b>
Have had no trades, as if that's any news. Volume, as you can see from the attached document has very rarely crossed above 20,000. Any of you that wonder how I get that volume should compare to your current datasource, and note that it is likely all of your bars on the ES exceeded 20,000 contracts. I still go back to the point that the main fallacy behind Jack Hershey's systems is that the data is only viable in Wealth Lab Pro from Fidelity.
The Q's volatility has decreased over the past six bars narrowing the fair value range. We are slightly toward the overbought side, and I anticipate a crossover of the overbought thresholds in the q's this week. A sharp reversal would be met with buying. A couple light days during this week would cause further narrowing of the threshold volatilities, and would cause a rare event for the overbought threshold to be less than the buy to cover threshold. This is a pre-condition to allowing winners to run. In most cases the overbought threshold is nearly always beyond the buy to cover threshold. It may not be so in this case.
The Up Threshold has been estimated to be $30.78 for QID, and this would mark a mean reverting level or point of resistance for any support/resistance traders. QLD's last reported threshold when we were near oversold levels was $35.2. These thresholds are merely estimates, and no positions are taken intraday based on this information. Any action is taken after the market close, and will be at least a couple days till we trade. Tuesday would be the earliest trading day, and Monday there will be no position.
<b>Update: Cash Cow from Bwolinsky</b>
Have had no trades, as if that's any news. Volume, as you can see from the attached document has very rarely crossed above 20,000. Any of you that wonder how I get that volume should compare to your current datasource, and note that it is likely all of your bars on the ES exceeded 20,000 contracts. I still go back to the point that the main fallacy behind Jack Hershey's systems is that the data is only viable in Wealth Lab Pro from Fidelity.
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Quote from bwolinsky:
I bought the book, Mandy. Gift for my 25th birthday. I have a feeling it's a next level book only programmable in a bloomberg terminal.
I think it'll be great prep for Level III of the CFA Exam.
one day you will understand that anyone who actually make money in this business doesn't use charts or bars. You look like an idiot with these posts.
Ohhhhhhmy. A bloomberg! When you move from fantasy perhaps by 50 you can actually see one. Lmfao!
If you have the book. Why are the contents a "feeling". The contradictions are never ending. Lots of delusion and mental paitent liars on the periphary of the market
Quote from Cutten:
As a trading strategist, you may wish to familiarize yourself with the concept of "red flags": specifically, those predictive of blowup.
Exactly, that's what backtesting is for. It's to help see how much you might lose, but as to blowing out an account, not likely, especially on ETFs, and in line with backtested norms.
And, to even better answer your question, I knew a quantitative finance manager of the hilliard lyons senbanc fund. He didn't believe in backtesting, but had he done it would have seen his model lose nearly everything every ten years. That ticker is SENBX. Backtesting hasn't been available to professionals till recently. It's gaining acceptance, especially for pairs trading and fundamental models.
Quote from hotdogneedsbuns:
FUQI STEC PWRD STAR ARUN
FUQI 15.74 to 20.13 27.89%
Stec bought 23.75 down to 23.67 -.33%
PWRD 30 to 30.68 2.26667%
STAR 25.1 to 24.8 1.19522%
ARUN 8.49 to 8.8 3.651%
Looks like that beat Mandy's cash position.
Equally weighted we get a profit of 7% approximately in 2 days.
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