StockFetcher Forums · Filter Exchange · Question: need help with initial backtest for trading based on charts<< >>Post Follow-up
nomadrx
8 posts
msg #114629
Ignore nomadrx
7/25/2013 9:01:21 PM

I just joined StockFetcher and really think that the filters and backtesting will be helpful to my trading.

I was hoping some of you could help me with how to create an initial entry and exit system that I currently do "by hand." Hopefully it's not too complicated.

Here is the first backtest that I am trying to create:

A sideways channel of at least a year of prices in a narrow range, followed by a breakout to the upside. The buy is the breakout. The sell signal is then a break below the increasing channel that is formed after the stock starts to breakout.

The problem is twofold... First, I'm not sure of how to identify a long channel breakout. I can identify a long channel, but what do you do to identify the breakout? Second, how to you identify a breakout below the positive sloping channel begins to form one the stock breaks out?

The strategy actually gets more complicated, but if I can at least get this far, it would be helpful and teach me how to create the framework for this backtest.

I'd be more than happy to share the backtest and the mods I make as I work my way through it.


StockFetcher Forums · Filter Exchange · Question: need help with initial backtest for trading based on charts<< >>Post Follow-up

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