StockFetcher Forums · Stock Picks and Trading · Village Elder Short -Sell Filter discussions<< 1 ... 4 5 6 7 8 ... 12 >>Post Follow-up
KSK8
453 posts
msg #150498
Ignore KSK8
modified
1/24/2020 1:10:35 PM

200% wow, compare that to 0.5% which was my last trade's commission for borrowing. You need to find a broker that allows you to route your own shares so you can dodge those crazy fees.

Dylan
38 posts
msg #150540
Ignore Dylan
1/27/2020 2:49:50 PM

I ran a series of tests in Stratasearch using ROC(5,1) and found this indicator to yield great returns during most quarters. However, there were a couple of trades that moved above 1000% from the entry price that wiped out all the gains during a 10-year backtesting period.

I’m interested in backtesting this system in Stratasearch using an optimized exit that makes sense, but possess limited coding skills. Can someone with the skills please paste the SS code here?

Thank you in advance.

shillllihs
5,433 posts
msg #150541
Ignore shillllihs
1/27/2020 2:53:59 PM

Now just imagine starting the system with that 1000% trade.

KSK8
453 posts
msg #150543
Ignore KSK8
1/27/2020 3:44:42 PM

Dylan that's why I'm an advocate for 1 day shorting systems: With the proper criteria you'll almost never come across something that doubles in price.

Dylan
38 posts
msg #150544
Ignore Dylan
1/27/2020 4:17:50 PM

Shillllihs,

Every seasoned trader knows not to trade without insurance because although you hope you never have to use it, it's good to know you have the protection. As TRO used to say, “it’s not what you trade, it’s how you trade it” In other words, you still have to make intelligent trading decisions. Much respect to all of you.

miketranz
810 posts
msg #150546
Ignore miketranz
1/27/2020 9:50:37 PM

Here's my take.Good potential as a "day trade" only.What I noticed is the higher the volatility or price movement on the upside,the greater the odds of the stock selling off hard on the downside.The skyscraper effect so to speak.Those are the ones with the most potential.The filter spits out a decent amount of trades per day to cherry pick.I've been following it through out the day.I've seen a few trades that traded way above the open,then came in and become profitable.However,you would have been out major money waiting for that to happen.Also,my number one rule in trading,never take home a loser.Also,some of these stocks have wide bid/ask spreads,low volume,or unavailable shares.Holding anything short bio overnight is a very high risk proposition.Remember,if one of these shorts runs against you,your loses are virtually unlimited,beyond what's in your account.What looks good "on paper" is sometimes very difficult to achieve in reality.Best,Miketranz...

Dylan
38 posts
msg #150560
Ignore Dylan
1/28/2020 10:30:42 PM

Village Elder,

The equity and accuracy of this system remained unchanged in a 10-year backtest using a 3 day max hold.

KS8,

A 1 day hold, ROC(2,1) > 88, volume > 1million, close > 3 & 5 max trades, turned $10,000 into $705,652 w/ a 72% accuracy, worst trade was -36% & a 10% system max drawdown realized within the last 10-years.

Same settings as above except 1 max open trade would have turned $10,000 into $2,147,483,648. Yes, that's over 2 billion, biggest loosing trade was -36% and a 50% system max drawdown realized.



KSK8
453 posts
msg #150569
Ignore KSK8
1/29/2020 11:45:21 AM

$10,000 into $2,147,483,648 ? Even though that's a preposterous figure to achieve, the growth factor goes to show the superior edge in shorting microcap's.

Village Elder
230 posts
msg #150570
Ignore Village Elder
1/29/2020 12:17:17 PM

Not worth discussing - this is the result of compounding into absurdly high trade amounts. That is why I look at trade sizes no larger than $10,000.

Dylan - if possible, run this in SS using a fixed trade amount of $10,000 and a max of 5 open trades, as I have been doing. If I remember correctly, SS cannot increase the number of open trades when the trade size is fixed, even if you have more than enough money to do so. That will suppress the total return but will at least provide a more realistic assessment of the system's performance.

Dylan
38 posts
msg #150585
Ignore Dylan
modified
1/29/2020 5:00:38 PM

I agree with you 100%. The key to this system is in the fixed equity amount and trade size. I will run a backtest later on tonight and post the results on here.

StockFetcher Forums · Stock Picks and Trading · Village Elder Short -Sell Filter discussions<< 1 ... 4 5 6 7 8 ... 12 >>Post Follow-up

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