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. To: . Subject: Re: Free Trading Newsletter! . From: "Gaius Marius" . Date: Fri, 13 Nov 1998 12:10:47 -0500 . Resent-Date: Fri, 13 Nov 1998 09:10:50 -0800 . Resent-From: omega-list@xxxxxxxxxx . Resent-Message-ID: <"3mu_8.0.Oe1.QW6Js"@mx1> . Resent-Sender: omega-list-request@xxxxxxxxxx Who needs this junk anyway? If anyone thinks that backtesting and technical analysis is useless let me offer the following. Works on SP daily charts in particular. It's just an example. 1. C < Open for three days in a row. Also H < Highest(h,3). 2. Open next bar > L. 3. If so then buy next day limit C. 4. Set a stop a mile away. 5. Exit is up to you! 6. Also include some rules to reduce size or not trade if the volatility is beyond a certain point. 7. There may be some other rules to fine-tune / filter things. Can't :remember at the moment. Backtesting from 1985 to the present, trading 2 contracts, the System Report shows a Net Profit of 348480.00, with a drawdown 10,465.00. Regardless of which newsletter I read! Here's my interpretation of Phil's system; $20 commision, $250 slippage, attached report is for an unoptimized system. Thanks, Phil !! Thanks should also be given out to Chuck Lebeau!! {System: Phil Lane's System} Inputs: ATRLen(10),Lvl(10),Pct(2.5); Vars: Atr(0),Eb(0),LStop(0),Mp(0); Atr=Average(TrueRange,ATRLen); Mp=MarketPosition; If Mp<>1 and c[1] buy on close; Eb=currentbar; LStop=0; end; If MP=1 and currentbar<>eb then begin LStop=Maxlist(LStop,MaxTradeHigh-EntryPrice*Pct/100); exitlong Lstop stop; end; {Note: the interpretatiof the exit above is this: If the system is long and the currentbar is not the entry bar, then exit long on a chandelier exit.} Attachment Converted: "c:\eudora\attach\sp.txt" [14997] Re: Phil Lane's system . To: "Omega" . Subject: Re: Phil Lane's system . From: "Gaius Marius" . Date: Fri, 13 Nov 1998 12:23:58 -0500 . Resent-Date: Fri, 13 Nov 1998 09:24:03 -0800 . Resent-From: omega-list@xxxxxxxxxx . Resent-Message-ID: <"8Mvhk.0.G13.oi6Js"@mx1> . Resent-Sender: omega-list-request@xxxxxxxxxx Oops!! I forgot to tied in the Average True Range (Volatility) to the system. The system posted earlier was then nothing more than a pattern recognition system with a chandelier exit. As simple as it seems, it was very effective. Anyways, here is Phil's system. Code:
 all systems for TradeStationall systems
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| However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore S4T™ does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will S4T™ be responsible for your trading gains or losses. |
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