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Registered User
Joined: 12/1/2004
Posts: 13
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Hi, I've just finished "Beat the Market" by Charlie Kirkpastrick, a founder of the Market Technicians Assn.
Charlie has a number of successful long term approaches, the best of which involve ranking all stocks for last weeks closing price to a 26 week MA.
I'm told that he contacted Worden to see if they're interested in setting it up, and that a Worden user has set up his "Bargain list" approach.
Does anyone know
1. Was that Bargain list setup shared through Blocks?
2. Is Worden at all interested in the approach?
Thanks,
(email removed by moderator)
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Administration
Joined: 9/30/2004
Posts: 9,187
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1. I don't see anything in the shared charts or layouts that references a "bargain list".
2. I'm sure there are many who would find the material interesting if you want to discuss it.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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If you detail an idea here we can help you set it up.
- Craig
Here to Help!
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Registered User
Joined: 12/1/2004
Posts: 13
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Hi Again,
Charlie did say that when he spoke with people at Worden, they were interested in doing it.
The Bargain list and its triggers are described on pages 118 to 120 of the book, and a method to reduce portfolio risk is described subsequently (pp143-5). The book is a farly quick read.
The full title is "Beat the Market; Invest By Knowing What Stocks to Buy and What Stocks to Sell".
It's probably best to go directly to the book to get the detailed set-up. (I might be violating copyright laws by passing on the pages.)
His website is www.charleskirkpatrick.com.
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Registered User
Joined: 12/1/2004
Posts: 13
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Hi Craig,
Charlie Kirkpatrick emailed me today that he spoke with Michael Thompson, Director of Business Client Relations, a few days ago.
Do you speak with him? Charlie does not know if he's just not interested in this.
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Registered User
Joined: 12/1/2004
Posts: 13
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Hi Again Craig,
Perhaps you can start by calculating the securities universe weekly closing price relative to the 26 week moving average (I don't know if he uses SMA or EMA), and ranking them by percentiles, 99 as highest.
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Worden Trainer
Joined: 10/7/2004
Posts: 710
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I am working with Charles on this. One of the issues is making sure we have the right points of data in order to match his ultimate outcome. I hope to have something for him (and the forum) next week.
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Registered User
Joined: 12/1/2004
Posts: 13
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To Craig,
Kirkpatrick's entire system is complex, since it involves additional criteria for both entry and exits.
I would like to set up, either in Worden 2007 or Blocks (I have both, and would prefer it in Blocks), just the initial item I mentioned on the 19th, that is relative strength ranked by percentiles.
I would need some help doing that.
technomt
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Registered User
Joined: 10/7/2004
Posts: 5
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In simple words Bargain List is a Relative Strength plus Price/Sales based trading system.
Kirkpatrick Relative Strength
c/c121
Create this scan in PCF
Price to sales ratio is System criteria in Telechart. Look under "Price" below Price Percent Change Today
Capitalization is system criteria and is in millions. So 1=1 million
Easyscan for Kirrkpatrick Bargain List Entry Criteria
Kirkpatrick Relative Strength=>97 (list rank)
Price to Sales Ratio =>17 and =<42 (list rank)
Capitalization=> 1 million (value)
Price>=10
Exit Rules for this system are
If Kirkpatrick Relative Strength rank =<52
Or
If Price to Sales Ratio Rank=<7
Or
If Price to Sales Ratio Rank =>67
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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easyguru,
Thank you for providing this. I'm sure other customers will appreciate the information.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 5
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Corrected Earlier Post
---------------------------------------
In simple words Bargain List is a Relative Strength plus Price/Sales based trading system.
Kirkpatrick Relative Strength
c/avgc126
Create this scan in PCF
Price to sales ratio is System criteria in Telechart. Look under "Price" below Price Percent Change Today
Capitalization is system criteria and is in billions (in the book it is 1 million but according to the author it was a typo and is actually 1 billion..
Easyscan for Kirrkpatrick Bargain List Entry Criteria
Kirkpatrick Relative Strength=>97 (list rank)
Price to Sales Ratio =>17 and =<42 (list rank)
Capitalization=> 1000 million (value)
Price>=10
Exit Rules for this system are
If Kirkpatrick Relative Strength rank =<52
Or
If Price to Sales Ratio Rank=<7
Or
If Price to Sales Ratio Rank =>67
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Registered User
Joined: 3/10/2013
Posts: 41
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Bruce,
I find this scan quite helpful. However, is there a way to see a numerical value for the Relative Strength (list rank) so I know when to drop off a stock or is there a way to know which stock which is a new entry or drop off if I have a list of 51 based on the scan. As there are about 51 names that I get and next day 49 so hard to know which one dropped without doing some extra steps.
Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is not possible to display C / C121 as a WatchList Column displaying rank instead of value in TC2000 version 12.3. It is possible to display a WatchList Column for rank instead of value in TC2000 version 7 however (and this topic is in a TC2000 version 7 forum).
You may want to try saving the results of the EasyScan to a Personal WatchList. Then you can compare the new EasyScan results to the Personal WatchList based on the old EasyScan results. If they are sorted in the same order (you can even sort them by C / C121), it should be relatively easy to figure out which symbols are new and which dropped off the list.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/10/2013
Posts: 41
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Bruce,
Can you please provide a pcf for a change both one day and one week for the C/avgc131.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A one day net change in C / AVGC131 could be written as:
C / AVGC131 - C1 / AVGC131.1
A five day net change in C / AVGC131 could be written as:
C / AVGC131 - C5 / AVGC131.5
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/10/2013
Posts: 41
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thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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