StockFetcher Forums · General Discussion · Double 7's Strategy<< >>Post Follow-up
ultra5150
15 posts
msg #70470
Ignore ultra5150
1/8/2009 1:50:02 AM

Sorry, still learning here. How do I create this filter to backtest the following strategy?

1. Stock (or ETF) is above it's 200 days moving average.
2. If the stock closes at a 7-day low, buy.
3. If the stock closes at a 7-day high, sell the long position.

Thanks for your help.

chetron
2,817 posts
msg #70473
Ignore chetron
1/8/2009 6:46:32 AM


MAYBE.......


Fetcher[

SET{VAR1,LOW 7 DAY LOW 1 DAY AGO}
SET{VAR2,HIGH 7 DAY HIGH 1 DAY AGO}

SET{BUYME,COUNT(VAR1 ABOVE CLOSE,1)}
SET{SELLME,COUNT(VAR2 BELOW CLOSE,1)}


ADD COLUMN BUYME
ADD COLUMN SELLME


PRICE ABOVE MA(200)

SORT COLUMN 5 DESCENDING

]



tradertedd
5 posts
msg #96155
Ignore tradertedd
9/10/2010 4:28:23 PM

Anyone have any idea how to create an opposite filter to do short trades?

1. Stock (or ETF) is below it's 200 days moving average.
2. If the stock closes at a 7-day high, sell short.
3. If the stock closes at a 7-day low, cover the short position.

Thanks for your help.

wkloss
230 posts
msg #96160
Ignore wkloss
9/10/2010 7:04:08 PM

I think there are posts and possibly a thread devoted to this strategy. Try searching the Forum.

tradertedd
5 posts
msg #96163
Ignore tradertedd
9/10/2010 8:11:07 PM

I tried searching for Double 7's on the forums and this is the only post on it. Lot's of other posts about Larry Connors and RSI, but nothing else about Double 7.

four
3,999 posts
msg #96164
Ignore four
9/10/2010 8:23:24 PM

http://forums.stockfetcher.com/sfforums/?q=view&tid=83822&start=20&isiframe=

ultra5150
msg #84529
- Ignore ultra5150
modified 12/16/2009 4:18:21 PM

OK, I am new at writing filter but here's my first contribution. Credit to chetron who showed me how to write the buyme, sellme counter few months ago. This one is not from Connor's ETF book, but the "Double 7" strategy he had. I am using it to trade 2xETFs:

Fetcher[
SYMLIST(QLD,DOM,SSO,UWC,MVV,SAA,UWM,UPRO,UVG,UKF,UVU,UKW,UVT,UKK,UYM,UGE,UCC,UYG,RXL,UXI,DIG,URE,USD,ROM,LTL,UPW,EFO,EET,XPP,EZJ,UCD,UCO,UGL,AGQ,ULE,YCL,CSM,)

SET{VAR1,LOW 7 DAY LOW 1 DAY AGO}
SET{VAR2,HIGH 7 DAY HIGH 1 DAY AGO}
SET{6DAYSLOW,CLOSE 6 DAY LOW 1 DAY AGO}
SET{6DAYSHIGH,CLOSE 6 DAY HIGH 1 DAY AGO}

SET{BUYME,COUNT(PRICE BELOW 6DAYSLOW,1)}
SET{SELLME,COUNT(PRICE ABOVE 6DAYSHIGH,1)}

ADD COLUMN 6DAYSLOW
ADD COLUMN 6DAYSHIGH
ADD COLUMN BUYME
ADD COLUMN SELLME


PRICE ABOVE MA(200)
Average Volume(90) above 100000

SORT COLUMN 7 DESCENDING

]





wkloss
230 posts
msg #96179
Ignore wkloss
9/11/2010 12:26:01 PM

tradertedd,

Connors intentionally avoided short trades for this system. Instead he suggests including inverse ETF's in your watchlist.

You can find a discussion of the system and where to find the original article here http://www.stratasearch.com/forum/viewtopic.php?f=8&t=664

Bill

Kevin_in_GA
4,548 posts
msg #96185
Ignore Kevin_in_GA
9/11/2010 3:33:17 PM

More importantly, please read this:

http://ibankcoin.com/woodshedderblog/category/double-7s/

very well thought out analysis and optimization of this strategy.

StockFetcher Forums · General Discussion · Double 7's Strategy<< >>Post Follow-up

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