Double Seven Strategy

#1
Hi to all Amibroker-users!

I am looking for the amibroker afl-code for the Double Seven Strategy. The Orignial article was written by Larry Connors.

Could somebody help me with the afl-code ?

Thanks for your help in advance !

Regards from Germany !

Martin
 
Last edited:

jahan

Well-Known Member
#5
Hi to all Amibroker-users!

I am looking for the amibroker afl-code for the Double Seven Strategy. The Orignial article was written by Larry Connors.

Could somebody help me with the afl-code ?

Thanks for your help in advance !

Regards from Germany !

Martin
Hello,

These kind of Strategies never work in real life Trading.

Reasons.....
1).It produces less No.of Trades(low frequency)
2).The Strategy only tells about...entry and exit and never tells about Stop-loss Placement
3).Lets say u played with fixed lots and entry and exit are as per the system....the Author claims 80-85% success rate......but u may get unexpected drawdowns in other 15-20% of Trades.(the drawdowns u can't see in backtesting)

these kind of strategy work only on backtesting...and real world trading involves lots of other things.

Regards,
 

johnnypareek

Well-Known Member
#6
Hello,

These kind of Strategies never work in real life Trading.

Reasons.....
1).It produces less No.of Trades(low frequency)
2).The Strategy only tells about...entry and exit and never tells about Stop-loss Placement
3).Lets say u played with fixed lots and entry and exit are as per the system....the Author claims 80-85% success rate......but u may get unexpected drawdowns in other 15-20% of Trades.

(the drawdowns u can't see in backtesting)


these kind of strategy work only on backtesting...and real world trading involves lots of other things.

Regards,
Bhai,

In Amibroker, You can get full information regarding drawdown,
 
#7
Thanks - Yes I know tha,t but I am looking for the afl-file because I cannot write the code for myself. Could anybody help me with the code ?

Thanks again


Regards
 

johnnypareek

Well-Known Member
#8
Thanks - Yes I know tha,t but I am looking for the afl-file because I cannot write the code for myself. Could anybody help me with the code ?

Thanks again


Regards
Okay,

I have tried to to so but have done some changes to get better result.
When bactested on spot nifty wow 63% winner on 50 nifty profit 45200 from dec 2007.73 trades 46 winner. Largest loss was 52000. max sys drawdown 33.74%. Well I don't think One can handle this in real life. At one point the net loss was 56000. Compare to this profit of 45000 is mnot acceptable at all.

So I tried to tweak a bit and come up with 51.72% winner. 38 trades out of 58 was winner. Total profit 27375. Now drawdown max 7.4% largest loss 8585 largest win 14742. So now I guess one can dig more.

HTML:
_SECTION_BEGIN("double7");
bc=LLV(C,7); 
sc=HHV(C,7) ;
Buyt=ValueWhen(C==bc AND C>MA(C,200),H,1);
SetPositionSize(50,spsShares);
p=Optimize("p",-1,-5,-1,1);
Buy=Cross(H,Ref(Buyt,-1));
Sell=L<Ref(L, p);
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
_SECTION_END();
 

jahan

Well-Known Member
#9
Bhai,

In Amibroker, You can get full information regarding drawdown,
hello,

i know that.....u misunderstood my point. we can get full information about drawdown's in backtesting .....iam talking about drawdowns which may occur greater than u expected ....in real life trading....why expect greater drawdown than backtesting drawdown...bcoz we are playing with fixed lots..... and strategy doesn't have any stoploss.

Regards,
 

johnnypareek

Well-Known Member
#10
hello,

i know that.....u misunderstood my point. we can get full information about drawdown's in backtesting .....iam talking about drawdowns which may occur greater than u expected ....in real life trading....why expect greater drawdown than backtesting drawdown...bcoz we are playing with fixed lots..... and strategy doesn't have any stoploss.

Regards,
Ya thats true. But then this kind of risk is always there. Even a shop owner can't be sure 100% that his all goods will be sold out. So what he does which is not sold out at expected time. He will put discount on that. So, If you too much concern risk then it can hamper your trades or style will may come like curve fitting. Anyways Nice to talk you peoples.

johnny
 

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