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 ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Moving Average Pullbacks System for Amibroker (AFL)
kaiji
almost 10 years ago
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 over 5 years ago
Debdulal And Soumya
Submitted by siivaramm about 9 years ago
Super TEMA
Submitted by HARI123 over 9 years ago
Moving Average Difference
Submitted by rananjay00007 over 9 years ago
1453 Fatih
Submitted by acarlar33 over 6 years ago
The Quest For Reliable Crossovers
Submitted by Gorilabd over 9 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 security

1 comments

1. ecki

no, its not profitable

Leave Comment

Please login here to leave a comment.

Back