StockFetcher Forums · General Discussion · Big Trends Percent R Trading Method<< 1 2 >>Post Follow-up
einok
msg #86090
Ignore einok
1/12/2010 10:44:24 PM

Has anyone here backtested this method?

Thanks
Erik

gmg733
616 posts
msg #86097
Ignore gmg733
1/13/2010 8:02:18 AM

I tried to reverse engineer his technique and has some success. But the other methods I had were a bit better than this one.

You can do Acceleration Bands in SF if you are interested in pursuing some testing.

gmg733
616 posts
msg #86098
Ignore gmg733
1/13/2010 8:09:17 AM

BTW, it is all about support and resistance. You can pick stocks off the scan and you'll have to go look at each stock for support and resistance. At the end of the day that is what they use. They use the W%R for entry and exit as well as the Acc Bands.

What I find is not matter what trading method you use, it is all about support and resistance. If you have that on the weekly and the daily (depending on your time frame) then you'll have a safer trade.

Price uses DITM options for his plays.

chetron
2,817 posts
msg #86101
Ignore chetron
modified
1/13/2010 8:22:41 AM

maybe...


Fetcher[

/* TACHIKAWA */
/* BTTM */

set{var1a,low 1 day ago}
set{var1b,high 1 day ago}
set{var1c,williams %r(20) 1 day ago}

set{var1,count(close below var1a,1)}
set{var2,count(close above var1a,1)}
set{var11,count(close below var1b,1)}
set{var12,count(close above var1b,1)}

set{uptrend,count(williams %r(20) above -50,1)}
set{dntrend,count(williams %r(20) below -50,1)}

set{var13,count(var1c below -20,1)}
set{var14,count(var1c above -80,1)}


set{vsella,uptrend * var1}
set{vsell,vsella * var13}

set{vaddlonga,uptrend * var2}
set{vaddlong,vaddlonga * var13}

set{vbtca,dntrend * var12}
set{vbtc,vbtca * var14}

set{vaddshorta,dntrend * var11}
set{vaddshort,vaddshorta * var14}

set{var30,vsell + vaddlong}
set{var31,var30 + vbtc}
set{vplays,var31 + vaddshort}

add column vsell
add column vaddlong
add column vbtc
add column vaddshort

draw vaddshort on plot vaddlong
draw williams %r(20) line at -80
draw vbtc on plot vsell
draw dntrend on plot uptrend
draw williams %r(20) line at -20
DRAW ACCELERATION BANDS(20)

close above .1
volume above 10000000

vplays above .5
do not draw vplays

sort column 5 descending
]



gmg733
616 posts
msg #86144
Ignore gmg733
1/13/2010 11:43:00 AM

Here is the acceleration band context: Acceleration Bands(20)

I cleaned out my filters a while back and deleted these or I would have some for you already. Sorry about that.

chetron
2,817 posts
msg #86146
Ignore chetron
modified
1/13/2010 12:01:51 PM

WHAT WAS IT THAT PRICE LIKED ABOUT THE A BANDS? BESIDES INVENTING THEM. = )

four
3,995 posts
msg #86161
Ignore four
1/13/2010 2:37:16 PM


Trading Method

four
3,995 posts
msg #86167
Ignore four
1/13/2010 3:15:53 PM

No Bands

Fetcher[
set{rsi2, rsi(2)}
draw Williams %R(2) on plot rsi2

Williams %R(2) increasing last 1 days
rsi(2) decreasing last 3 days

volume < volume 1 day ago
close > open
close 1 day ago < open 1 day ago

rsi(2) < 30
Williams %R(14) -80


close > 1
volume > 1000

do not draw rsi(2)
do not draw Williams %R(14)
market is not otcbb
]



gmg733
616 posts
msg #86174
Ignore gmg733
1/13/2010 3:55:57 PM

I have met Price once and had some good dialog. What he really likes about the Acc Bands is he can sell a service. :) Just kidding. The Acc Bands caputre the 5% strong trends. He isn't too worried about the 95% noise in the market which is the price action in the bands. He wants the sweeping acceleration, i.e. breakouts and etc.

einok
msg #86178
Ignore einok
1/13/2010 4:25:50 PM

Thanks for the info guys. Can anybody here do backtesting on these methods and see what the results would have been?
Thanks

StockFetcher Forums · General Discussion · Big Trends Percent R Trading Method<< 1 2 >>Post Follow-up

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