Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Moving Average Pullbacks System for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
trading system, amibroker, moving average
Steve Palmquist presents a short-term trading system that uses pullbacks as an entry setup and the next day’s higher high as a trigger. The system is supposedly profitable on the Nasdaq-100 but i have not tested it so if you do test and find it profitable please leave a comment.
Similar Indicators / Formulas
Positional trading
Submitted
by technotrader almost 10 years ago
Debdulal And Soumya
Submitted
by siivaramm over 13 years ago
Super TEMA
Submitted
by HARI123 over 13 years ago
Moving Average Difference
Submitted
by rananjay00007 about 14 years ago
1453 Fatih
Submitted
by acarlar33 almost 11 years ago
The Quest For Reliable Crossovers
Submitted
by Gorilabd over 13 years ago
Indicator / Formula
Copy & Paste Friendly
// Moving Average Pullback system with modifications by Eric at 9Trading
RisingCloses = LLV( Close, 5 ) > Ref( HHV( Close, 20 ), -20 );
PMA = MA( Close, 30 );
NotBelowPullbackMA = Sum( Close < PMA, 30 ) == 0;
CloseToPullbackMA = ( Close - PMA ) < 0.015 * Close;
// setup conditions for next day buy stop order
Setup = RisingCloses AND NotBelowPullbackMA AND CloseToPullbackMA;
TriggerPrice = Ref( High, -1 );
// buy only if stock opens higher than yesterdays high
Buy = Ref( Setup, -1 ) AND High > TriggerPrice;
BuyPrice = Max( Open, TriggerPrice );
Sell = False; // sell only via N-bar stop
// time-based stop (for backtesting)
ApplyStop( stopTypeNBar, stopModeBars, 5 );
SetTradeDelays( 0, 0, 0, 0 );
// no more than 3 simultaneous positions open
SetOption("MaxOpenPositions", 3 );
PositionSize = -33; // 3% of capital in single security1 comments
Leave Comment
Please login here to leave a comment.
Back
no, its not profitable