Experiments in Technical Analysis

aca_trader · #**361** 15th November 2006, 10:34 PM

Quote:

Originally Posted by gobatman2001

Hi!

Attached is a word document that lists the steps that I have been using as a trading system.

It's given me a quite a few good trades. In the recent past, I have made some money on McDowell, IVRCL & HDFC

Please do have a look at it and see if it works for you.

This would have not been possible without the help & guidance of Ajay, Ashish, Cooltetra, Karthik, Kuldeep, Murthymsr, Rahul, Rvlv, Traderji, Saint, Sivakm, Srisara, Soumya and other fellow members. And of course, Robert from Fibotrader for his support, who has been absolutely great .

I sincerely thank each one of you for having taken the time to answer my queries. If I have not mentioned anybody's name with whom I have interacted, I apologise for the same.

Thanks & regards,
Amit

Hi Amit!

Thanks for sharing your method with us. Certainly I am going to learn a lot from it.

But I dont deserve to be bracketed into the category of esteemed members mentioned in your post. Hope you will take care of it in future.

Best Regards,
--Ashish

gobatman2001 · #**362** 15th November 2006, 10:57 PM

Quote:

Originally Posted by aca_trader

Hi Amit!

Thanks for sharing your method with us. Certainly I am going to learn a lot from it.

But I dont deserve to be bracketed into the category of esteemed members mentioned in your post. Hope you will take care of it in future.

Best Regards,
--Ashish

Hi! Ashish,

You did help me on my query wrt drawing support & resistance lines, so there is no question of making any changes.

At that time, I was really in need of answers and you helped me. I am a person who will be always grateful to people who have helped me.

Regards,
Amit

aca_trader · #**363** 15th November 2006, 11:16 PM

Quote:

Originally Posted by gobatman2001

I am a person who will be always grateful to people who have helped me.

Regards,
Amit

It speaks volumes about your character.

All the best!
--Ashish

karthikmarar · #**364** 15th November 2006, 11:52 PM

Hi friends

With most of the work put behind normalcy is slowly coming back to my routine.

I am very Happy that I started this thread. We have come with great discoveries..great talents Anant, Sanjay and now Amit... great going guys.. looking forward to more from you...

So many great posts in the last 10 days it is going to take time for me assimilate ..

warm regards

Karthik

anjanr · #**365** 16th November 2006, 08:56 AM

Well, I was evaluating different trading systems and I found that the Swingchartretracement with 38% retracement gave something around 85% hit rate for Nifty stocks from beginning of this year. I am still checking whether I am missing something. This particular indicator is available in Fibotrader. May be Soumya may throw more light.
Anjan

uma_k · #**366** 16th November 2006, 02:43 PM

Hi Anant
I am happy to learn about the moving average lag. Thank you very much for explaining it in such an easy language without much maths. I am trying to solve the Histogram problem. If I can not get the answer I will ask you. If any member here can explain it then do post your reply.
***Uma***

uma_k · #**367** 16th November 2006, 02:52 PM

Hi msldn
The metastock code for MABIUTS-H was posted by thetraderman in this thread. See message no.345. It has a small error and I have corrected it. The correct code is given below:

p1:=15;{15}
p2:=15;{15}
X:=mov(c,p1,E);
Y:=mov(X,p2,E);{signal}
D:=X-Y;
Buy:=ref(D,-2)>ref(D,-1) AND D>ref(D,-1);
Sell:=ref(D,-2)<ref(D,-1) AND D<ref(D,-1);
Bprice:=If(Buy,O,0);{Buy Price}
Sprice:=If(Sell,O,0);{Sell Price}
Bprice;
Sprice;

I hope this is what you wanted.

Happy trading
***Uma***

msldin · #**368** 16th November 2006, 02:58 PM

Hi! Fellow Traders,

Anyone has the template for Metastock users for MABIUTS-H strategy .

Would be grateful if someone could please help with the same.

Thanks & regards,

i sended this yesterday but i didn,t get any replay

pls any one can be help it will be so thanks

rpc · #**369** 16th November 2006, 08:16 PM

hi Amit
I have downloaded the file you have mentioned and will go through it as you have mentioned.I will ask any queries that I may have in future.
Your reply to aca_trader has really raised your esteem in my eyes.In this selfish world you truly are a great person.
Thanks for being on this forum
rpc

karthikmarar · #**370** 17th November 2006, 03:53 PM

Hi Ananth

Now.. My comments on the Mabiuts-H strategy. It was a very nice idea to use the Histogram of the EMA and signal line difference. I have been using similar strategy for the MACD and TRIX Histogram very successfully. Especially when the the weekly Histogram turning positive and if we catch the daily Histograms turning positive we have nice trades. More about it later.

The main problem with the Mabiuts-H strategy is whipsaws. Too many trades and too many whipsaws. Can we really take all these trades?

In trend following strategies whipsaws are the price one has to pay for early entry. Similarly in trying to exit early we have to live with chances of getting out of the trade too soon. It is always a compromise we have to make. Did you included commissions and taxes in your back testing.

In our efforts to minimize whipsaws we have to sacrifices early entries.. I had tried many other methods. Soon I realize that it is impossible to eliminate whipsaws totally. But we can try to minimize them at some cost. Even if we catch 80% of a good up trend we will have handsome sum in our pockets. So I never try to catch the bottom. Even if we have lesser number of trades we should try to ensure that most of should be profitable. So in the Mabiuts-K strategy I had included price crossing the last peak ( cross(c,peak(c,2,1) function ) in order to minimize whipsaws. So the Mabiuts K strategy gives less number but more profitable trades.

Please do note that the point here is neither to deride any systems nor to prove a system better than the other. It is only a critical analysis so that we can all learn. Of course as a scientist you would fully understand this.

More on this later..

Warm regards

Karthik

Similar Threads for: Experiments in Technical Analysis
Thread	Thread Starter	Forum	Replies	Last Post
Technical Analysis Course	snowy	Technical Analysis	28	7th November 2008 07:37 PM
Technical analysis course	sh50	Seminars & Tutors	18	10th June 2007 03:46 PM
Hello everybody.Technical Analysis	vijay chauhan	Introductions	2	30th May 2007 03:09 PM
Technical Analysis	crosscurrency	Forex	0	30th October 2005 11:00 PM