Registered User Joined: 1/10/2013 Posts: 1
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Can anyone recommend software or a trading tool that can be used to test ACD strategies (Mark Fishers - The Logical Trader) or Turtle soup strategies (Street Smarts)?
I am trying to use Bloomberg to backtest but it is quite time intensive, specially for ACD as one has to manually draw pivots, openings ranges, etc.
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Registered User Joined: 7/11/2005 Posts: 34
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I use stockcharts.com as one of my charting tools. I don't know if the free version includes the pivots, but the top subscription that I have includes it and draws them for you on the chart, almost any timeframe. But they only draw pivot, R1, R2, S1, S2. However if you were to look at a 5-min chart for 3 days say, the pivots are drawn for each day. They do not, to my knowledge, have charts for futures, and in the faster timeframes (1,5,15,etc) they only go back 20 days. Some of the longer intraday timeframes I believe go back a bit further.
My experience in trading the leveraged index ETFs is that the 15-min Open Range is more reliable than the 5. I usually switch back and forth between 5 and 15 until 10:00 or 10:30, while I have a 1-min chart working in Telechart. My observation is that while there are certainly good trades that occur in between pivot points, almost all the big moves start at a support level.
I don't consider the ACD method to be a system, but a tool, so I also like to fine tune the pivot movements with Bollinger Bands. For my markets, I set them at 2.5 stddev. I find the total market NH/NL index available at stockcharts.com to be invaluable. $USHL and $USHL5. And I also like to analyze some quant methods in conjunction with BB and ACD.
Pay particular attention to what Fisher calls the rubber band trade. I see it quite often, but I call it BORR - a bottom OR reversal. It sometimes occurs when there is no breakout, but other times indicates a failed A down, especially if it occurs at a pivot point or at the bottom BB, or as a nice long white hammer.
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