AFL for "Genuine" Bullish/Bearish Signal.

[Kairu]

Hello ,
Does anybody have any AFL which can generate "Genuine" Bullish or Bearish signal on EOD data. I refer the word "Genuine" as nearly 80-90% correct since nothing in this world is 100% perfect, specially not in trading. Bullish or Bearish means, the particular stock in such trend which is likely to continue for next few days or weeks.
I hope seniors of this forum must have one. I request to post it.
Thanks.

 

[vijayakishorebabu]

Dear kairu,

If you got such afl from any seniors please share with me such a nice 80 - 90% correct bullish and bearish signals.

 

[warezwana]

Kairu, I don't even think that would be achievable let alone if it was that someone would just hand over the keys to a new Ferrari

 

[Kairu]

Dear Vijayakishorebabu, Warezwana,

Thanks for your responses towards my query. Since, I am new to this business as well as to Amibroker I don't have much knowledge regarding techniques and technicalities of trading. Looking into Amibroker, I thought there might be any AFL which can generate signal which may be 80-90% correct.It is only my thinking. If there is no such thing it's OK as well. No worry.
Now, I suppose you are experience traders. So, kindly suggest any study materials so that I can learn the technical analysis of trading and understand the market's movement. Any positive response in this regard will definitely encourage me.

Thanks,
Kairu.

 

[warezwana]

Nice and sensible reply Vijayakishorebabu...

Kairu take this advice as good advise, learning to trade is a long road but don't get discouraged, determination and devotion gets rewards. Learning to trade is a time thing, don't think it will happen over night, there's always something to learn.

The only thing i'd sugest is about the paper trading for 6months, I don't believe there is a time limit to paper trading BUT I do agree that 6 months is a good minimum. I think if you can paper trade for 6 months and be ahead then try just a little cash if your circumstances allow and see how you go. If your like most new traders you will lose this money but I hope get some valuable lessons.

Daryl Guppy - Trend Trading
Daryl guppy - Chart Trading
and it sounds like you need to get a copy of Bandy - QTS (Quantative Trading Systems)
Scour the internet there is a wealth of free information out there for the begginer trader... like.... 'this' for example.

 

[sdg]

Discuss about AFL

 

[Kairu]

Venkatpersonal Sir,
Thanks for your posting. Can U share the AFL code?
Kairu.

 

[vijayakishorebabu]

Dear kairu,

Go that site and see. That afl cost is 50,000/-.Better try NMA swing system of karthik. It is free.

 

[talk2sanket]

Dear Kairu

I found the formula for Mechanical Trading system for Amibroker.

I have no idea about its accuracy.

Plz try it before actual implementation.

here is the formula.

__________________________________________________

Plot (C,"Price",colorLime,styleBar);
Plot (MA(C,24),"ma 24",colorRed,1);

Plot (MA(C,2),"ma 24",colorYellow,1);
rawrng=HHV(C,50)-LLV(C,50);//calculate the difference betwen highest and lowest clsoe vlaues in the last 50 bars
rngup=(MA(C,24)+rawrng*0.05); // 5% of the rawrange taken as the vicinity band
rngdown=(MA(C,24)-rawrng*0.05);

k1=MA(C,24);
k2=rngup;
K3=rngdown;

j1= Close > MA( Close, 24 ) AND Open > MA( Close, 24 ) AND Open < rngup ;
j2= Close < MA( Close, 24 ) AND Close > rngdown AND Open < MA( Close, 24) ;

PlotShapes( shapeSmallCircle* j1,colorYellow, 0,H, 10);
PlotShapes( shapeSmallCircle* j2,colorBlue, 0,L, -10);
PlotOHLC(k1,k1,k2,k2,"",colorGrey40, styleCloud);
PlotOHLC(k1,k1,k3,k3,"",colorGrey40, styleCloud);

_________________________________________________________________

Experts plz check & let us know if this is correct.

Thanks

 

[warezwana]

Just because someone posts a screenshot of a chart with some trade arrows on it does not mean it is a profitable system...
Check out this current result (1 from many returned trades) from a system that I am still developing... looks great in theory and even shows a nice profit but, well so far I have not paper traded it as I doubt that it is at papertrade stage even though it returns great results...

I like the way that the previous image shows the BUY and SELL price... that's a great idea.... (i'll have to look into trying to figure out that code) Does anyone know the coding to also show the price on the buy sell signal?