DAY TRADE (LONG & SHORT) STRATEGIES PACKAGE
DAY TRADE (LONG & SHORT) STRATEGIES PACKAGE
$427
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Description
Day Trade (Long & Short) Strategies Package free download. Then, This strategy attempts to sell upward trending stocks that are experiencing brief periods of excessive strength. Once this strength has been identified, the strategy adds an additional ‘stretch’ to the entry criteria to increase the probability of prices reversing lower. A Market On Close exit allows a quick turnover of trades to reduce overnight exposure. The strategy offers reasonably consistent and robust results.
All parameters are adjustable to enhance risk adjusted performance or trade frequency. The strategy also enables the user to test on specific universes including historical constituents for testing without survivorship bias.
DAY TRADE (LONG & SHORT) STRATEGIES PACKAGE – The Chartist
SHORT STRATEGY: This strategy seeks to short sell stocks that are strongly trending and experiencing brief periods of excessive strength. Testing in the US market across 31,500 symbols over a 20-year period demonstrates consistent profitability. The Short Strategy’s performance can be viewed here.
A secondary trend identifier is used to remove stocks currently not showing strong momentum. This is calculated using the 5-day ADX which must be above 40. The ADX does not distinguish the direction of the trend. Rather is identifies the strength of the current trend.
If the symbol meets both these criteria, the strategy will then look for an excessively strong close, specifically when the close is in the upper 50% of the days range. This is known as the setup condition. Once the setup condition has been met, a LIMIT order is placed above the current price for the following day. The limit price is calculated using the Average True Range for the prior 5 days. That ATR is then added to the current high. This is known as the ‘Stretch’ and is defaulted to 0.75x the 5-day ATR. The stretch will determine the trade frequency. Lowering the stretch, to say 0.5, will generate more signals because the limit price will be closer to the prevailing market price. Increasing the stretch will generate less signals because the limit price will be further away from the prevailing market price.
LONG STRATEGY: This strategy is to buy stocks that are strongly trending but are experiencing brief periods of weakness. Testing in the US market across 3,500 symbols over a 20-year period demonstrates consistent profitability. The Long Strategy’s performance can be viewed here.
The main advantage of these strategies is that the user does not have to sit and watch live prices all day. It operates on End Of Day data, all orders are placed prior to the session, and the API (sold separately) automatically closes positions on the close.
Users can generate buy and sell signals, plot charts, run backtests, and change a variety of parameter settings without having to understand coding. Price, volume, turnover, market regime, and two position sizing modes are among the other filters. The user can view and edit the code in its entirety.
Requierments of day trade (Long and Short) System
- Amibroker v6.0 or higher (Standard or Professional).
- Reliable stock data source. We recommend and use Norgate Data
- Purchaser must sign a sale agreement that contains a non-disclosure agreement.
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