hmsb4494
81 posts
msg #120355
- Ignore hmsb4494 |
6/2/2014 11:25:30 AM
Only 3 rules (1 buy rule and 2 sell rules)
Buy rule: Buy stock on Friday if at or very near (within 3%) 52 week high
Sell rule 1: If stock opens down on Monday sell immediately
Sell rule 2: Sell stock on open Tuesday
Anyone know how to backtest this?
Just eyeballing some looks promising
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compound_gains
222 posts
msg #120365
- Ignore compound_gains |
6/2/2014 3:12:21 PM
A quick filter for eyeballing results...
1. Start on a Tuesday and then you can skip back a week at a time, adjusting for holiday days here and there, to get an idea of results.
2. Even using the price and volume controls I did you have a lot of hits each week (550+), so how would you narrow that down to the best prospects?
3. Using a descending sort on "chk" which puts stocks at their 52 week high at the top, the returns look to be pretty small. What gave you the impression this had some potential?
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mahkoh
1,065 posts
msg #120371
- Ignore mahkoh |
6/3/2014 2:58:24 AM
set{chk, close / 52 week high}
should be
set{chk, close /high 52 week high}
which narrows results on 6/2 down to 66.
But I believe the generally accepted approach wolud be to trade the breakout rather than anticipating it.
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compound_gains
222 posts
msg #120373
- Ignore compound_gains |
6/3/2014 2:50:48 PM
Are we talking
or
?
Either way, still too many hits to work with and the returns don't look to be anything worth writing home about. JMO
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