I am an X computer geek and I like rules. You cannot write a computer program without rules. Some stock systems allow you to implement trading rules.... If you have access to such a system then maybe you can use a rules based system real time.
I promised to show you the stock I used in last night's discussion of CCI/MFI combination. Here it is:
If you examine the chart I think you will see this system would have captured a lot of the upsides (green horizontal lines) and avoided most of the dips (red horizontal lines). I tried to test this on several stocks or ETFs. How would it have worked on a bear ETF the past few months. See for yourself:
Any help you can offer in testing this is much appreciated. Also, if you have "rules" based systems you feel work please share.
GL traders.
I will use these and report on how I do. Haven't found any yet that meet the criteria...I'll keep looking. I have a couple that I keep watch waiting to buy and I'll see how these techs work.
ReplyDeleteTake a look at AZO...might have missed the best timing...but still at a nice spot.
ReplyDeleteShadow7 -
ReplyDeleteThanks. An idea in progress, may need fine tuning or we may discover it is not good for all environments. You guys can help decide if it is a worth while effort or not.
I'll take a look at AZO.
Inlet
Shadow7 -
ReplyDeleteAZO chart for your consideration: http://stockstop.org/download/file.php?id=3819&mode=view
inlet
Thanks!!! I also found 3 more that could potentially make the buy signal criteria: ENTR (Earnings next Tuesday), PNRA (food prices?), URBN (cotton?)
ReplyDeleteShadow7 - charts for ENTR, PNRA and URBN:
ReplyDeletehttp://stockstop.org/viewtopic.php?f=18&t=2385