jimmyjazz
102 posts
msg #115886
- Ignore jimmyjazz |
10/14/2013 11:48:42 AM
Kevin, what are your thoughts on this modified version of Crock Pot versus your earlier "supercharged" Crock Pot?
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DMUNCASTER
34 posts
msg #115887
- Ignore DMUNCASTER |
10/14/2013 12:14:30 PM
Great, if you only get an occasional 10 - 12% wallop. But if you have an up Monday and the market is down the rest of the week you get your head handed to you. The inability to properly test the crock strategy violates a fundamental tenet of proper strategy development. I've done a down and dirty conversion of Kevin"s latest crock pot to a daily system, so it can be backtested. Breaking down the logic:
1. You want stocks that have shown they gain 2% a week a high percentage of the time. 100 days should give you that.
2. Missing is that you also want stocks that are trending up. I've added a couple of indicators for that.
3. It would be nice to have stocks that have a large daily range. I've added an indicator for that.
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DMUNCASTER
34 posts
msg #115888
- Ignore DMUNCASTER |
10/14/2013 12:16:53 PM
Oops, misplaced my ending ] with Fetcher, sorry.
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frsrblch
35 posts
msg #115889
- Ignore frsrblch |
10/14/2013 1:21:39 PM
You can indeed backtest these strategies, so long as your trading pattern is simple enough (e.g., buy at open, and hold to close or for an X% gain). You need to do a date offset on your selection criteria, but then you can export last weeks results with this weeks prices in a CSV. Throw that into Excel and have at it. Be advised that holidays tend to affect your wopen, whigh, wlow, and wclose values, so you'll have to enter them manually for each stock on these weeks.
I've actually been looking at these systems for the past couple days, and they've been working well for the last year or so. Beyond that, they start to slide the other way, with too many misses happening to make it work. This 13wk Crock Pot 2.0 works splendidly, but only for the last three months before you stop getting enough results to trade on. Haven't looked at the 52wk version yet.
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oldsmar52
104 posts
msg #115890
- Ignore oldsmar52 |
10/14/2013 1:44:51 PM
UPDATE: You can add ZHNE to the 5 from an earlier post..............Frank
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jimmyjazz
102 posts
msg #115900
- Ignore jimmyjazz |
10/14/2013 3:04:13 PM
Update: bought 16 WLT Oct13 $13 calls at $1.77, trailing stop triggered at $2.40 for a net gain of $967 after commissions & fees (33.9% gain in 5.5 hours, max potential loss of $2,852). Love that system.
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dknoonan
27 posts
msg #115901
- Ignore dknoonan |
10/14/2013 3:05:26 PM
Frank, I like the idea of delaying purchase until after open, and for stocks that have gone down, put in a buy stop to get in at its original open price. But the six from today might point the other direction -- buying at open would have served well. So maybe look at indicators for what kind of day it will be, before the market opens. It is bodes well, buy at open. If not, wait until after open and do the buy stops. What do you think?
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BarTune1
441 posts
msg #115909
- Ignore BarTune1 |
10/14/2013 9:23:58 PM
Good job Kevin .... in/out today with an extra $450 in my accounts.
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Kevin_in_GA
4,599 posts
msg #115910
- Ignore Kevin_in_GA |
10/14/2013 9:40:00 PM
Bartune - if you had played these for 2% instead of 1% you'd owe me a beer.
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BarTune1
441 posts
msg #115911
- Ignore BarTune1 |
10/14/2013 11:43:04 PM
I owe you much more than a beer for all the help over the years. We should meet up in Toronto, St. Lucia, Las Vegas or in Spain next time you run with the bulls ....
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