Runner's Rascals
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Originally posted by RunnerI’ve wrote some code over the weekend that is designed for the Q’s I’m in the process of back testing it. Thus far back in 2004 the results have been pretty awesome. The set up approach is always in and either long on short. Signals generated will only be taken near the close. This system does not take intraday charts into consideration. Max down drawl allocated is set @ 3%. I’m not going to get into the code as it is still under research. Last signal put the Q’s short on 09/20/05. I have not put any money into this and so the real test is yet to come.
Well seems as if the short signal received on 09/20 is still valid for the Q’s. Sure one could have played about a 3% gain off last bottom but……..
Only change in system is exit point. I’m going to trail with a volatility stop at 3X range to allow for noise in the market
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Is it not the exits that determines your profit or lose? Here is a simple method using ATR (average true range). You enter your position and place stop at ATR X 3. This will allow a little wiggle room and may allow you to capture larger gains. From entry stop you don’t drop this initial stop and it stays where it is.
As the stock moves in your favor use the closing ATR to readjust your stop. Once you have a nice profit going you can adjust your ATR as you see fit. Instead of using ATR X3 you can reduce it to what ever you like.
ATR X3 will keep you out of the so-called static of the market, but allows you to trail your position as it moves up.
Had I done this with MTRX I’d be up over 40% and that is not a bad little gain right there. I also think this method will work well with swing traders as well as longer term holders..
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Here is what 2.75 per gallon really is all about. Powerpoint slide show
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Originally posted by RunnerHere is what 2.75 per gallon really is all about. Powerpoint slide show
http://www.mytempdir.com/238662Buy Low
Sell High
STAY FROSTY!
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