einok
msg #93916
- Ignore einok |
6/16/2010 2:24:27 PM
Hi Kevin,
I don't have the skill like you and a lot of others here on the forums. I was wondering if you would be able to code & backtest this strategy on the long & short side.
BTW, excellent job on the Conner's filters. If you have any questions on the system, I do understand it, so feel free to ask me. I just am unsure how to code & test.
Link
Thanks,
Erik
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Kevin_in_GA
4,599 posts
msg #93921
- Ignore Kevin_in_GA |
6/16/2010 5:39:57 PM
This is not really translatable into SF code - you need to refer back to previous highs on days where the %R signal was generated, but not always under the same conditions. SF cannot store data by day or date as is needed here.
Also, I look at this as a relatively complex rule set that does not necessarily result in better trades than other systems.
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mktmole
325 posts
msg #93922
- Ignore mktmole |
6/16/2010 5:54:41 PM
... with 2 day pattern, and Confirmation Day to go Long is given today, might be helpful?
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einok
msg #93925
- Ignore einok |
6/16/2010 7:11:08 PM
Kevin,
I'm not sure if this will help to make a filter & backtesting, but here is an explanation
Long:
Close above -20 take note of the high of that day
If within the next 5 days it closes above that high, it is a confirmed overbought bull trend
If at any time it closes back below -20 without confirming, the signal is "shut off"
Wait for a close below -20 (a pullback) preferably below -20.50 and take note of the low of that bar (this is you stop)
Stops are only adjusted on further pullbacks from above -20 (trailing stop)
Not sure if this helps
Short:
Reverse the rules and use -80 as the level
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