sohailmithani
192 posts
msg #111560
- Ignore sohailmithani |
2/20/2013 10:22:00 PM
As per strategy are we supposed to buy 6 units of SSO?
THANKS
|
duke56468
683 posts
msg #111566
- Ignore duke56468 |
2/21/2013 7:59:23 AM
sohail...I am taking a full position when 2 filters hit the trigger (not 6). I should say that I manually back tested this for 12 months and am now paper trading it before jumping in with cash (my usual procedure with any new strategy). This AM I will enter but decide based on the futures whether to enter at the open or wait (not true to the back test). Everyone needs to decide these things for them selves.
|
Kevin_in_GA
4,599 posts
msg #111572
- Ignore Kevin_in_GA |
2/21/2013 9:06:58 AM
NO. First, you would only buy units if there were buy signals at the end of the day. If there are simultaneous but and sell signals and you are already in on the same divergence trade, I would stay in. If there are current signals in play and no sell signal I would only enter if the Trades are neutral or at a better price.
And I do not advocate using SSO - the system was developed using the actual index (^SPX) and so SPY is the closest trade able proxy. If you use leverage the results will be different (could be better or worse, but will not be the same).
|
frsrblch
35 posts
msg #111653
- Ignore frsrblch |
2/22/2013 1:07:59 PM
There seem to be many ways to trade these systems. It would behoove you to analyze different methods of trading with this system. Some people trade single filters, some trade when some number of them have triggered, and others invest incrementally as more filters trigger. You can buy when only the entry signal is triggered, and you can hold when both the entry and exit are triggered.
You can do whatever you want, but you'd be a fool to do anything without first checking it out yourself and deciding whether it's right for you. As Kevin put it: "All I will provide is the codes ... the rest is up to you."
|
shainadir
25 posts
msg #111654
- Ignore shainadir |
2/22/2013 1:25:34 PM
I only trade the signals on the filters with the highest sharp ratios, the SMI filter and QST filter and I trade them separately in that I will take each signal as a trade. For example, on 2/20 the QST gave a buy signal so I went long 1 unit of SSO the next morning. On 2/21 the SMI gave a buy signal so I went long this morning an additional unit of SSO. I will only trade just the 1 unit and will not add if there is another buy signal the next day or thereafter.
For the exits, I treat the signals a little differently. For the QST filter, when ever I get an exit signal, I will exit the trade...even if there is a buy signal the same day. For the SMI filter, I will only exit when the exit signal is given alone.
I will also set a stop loss of 5% based on SPY.
|
wkloss
231 posts
msg #111657
- Ignore wkloss |
2/22/2013 6:25:21 PM
Can Mahkoh's composite be backtested using Stockfetcher and if so, how do you code the exit rule?
|
Kevin_in_GA
4,599 posts
msg #112040
- Ignore Kevin_in_GA
modified |
3/4/2013 2:22:51 PM
Just noticed - the CMF Divergence filter triggered today.
Update at 3 PM: Now 5 filters are tirggering (CMF, WILLIAMS %R, Q-STICK, RMI, and STOCHASTICS). Looks like it is time to jump in again.
|
mahkoh
1,065 posts
msg #112043
- Ignore mahkoh
modified |
3/4/2013 3:41:40 PM
The last exit was Feb 19, to my knowledge all filters triggered again within a couple of days and are still in trade?
|
Kevin_in_GA
4,599 posts
msg #112046
- Ignore Kevin_in_GA |
3/4/2013 4:08:30 PM
Yes. Anyone who is currently in one of the 8 active trades need only to stay put. Those are all profitable right now (I think).
|
duke56468
683 posts
msg #112047
- Ignore duke56468 |
3/4/2013 4:09:22 PM
I agree you would still be in 8 units without any exit, based on the 10% per unit concept.
|