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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - StockFinder 5.0 » Double 7 Strategy

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lescohn
Posted : Saturday, December 20, 2008 10:37:20 PM
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Joined: 1/12/2007
Posts: 23
 January 2009 Issue of Technical Analysis of Stocks and Commodities (page 66) suggests a simple ETF trading strategy:

1.  ETF is above 200 day MA
2.  ETF closes at a seven-day low.  (Buy on close)
3.  Exit when ETF closes at a seven day high.

I am having difficulty with painting the chart for #2 and #3 above.  I am setting prices to "New High" 1 of 7 bars, but I am getting to many results.  Can you help with the rule/condition for establishing #2 and #3?
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StockGuy
Posted : Sunday, December 21, 2008 11:36:00 AM

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Joined: 9/30/2004
Posts: 9,187

What did you set the New Low period to?  It should be set to 7 and the bars to 1 of 1 if you want to find ETFs making a new 7 bar low right now.

I shared a Layout with a Backscan setup using the criteria above.  I combined #1 and #2 into combo condition to Buy when above the 200 bar ma AND making a new 7 bar low.  The Layout is titled lescohn_37339.
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lescohn
Posted : Tuesday, December 23, 2008 11:06:12 AM
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Joined: 1/12/2007
Posts: 23
 Thanks for the advice, and the layout.
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lsaloga
Posted : Friday, December 26, 2008 10:48:36 AM
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Joined: 1/8/2005
Posts: 118
 How do I find this Layout?   I tried search but it only returned the above post. Thank you
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StockGuy
Posted : Friday, December 26, 2008 11:08:17 AM

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Joined: 9/30/2004
Posts: 9,187
 The Layout  is shared within StockFinder.  Click the Shared Items button on the toolbar, then click Browse other users shared items and Search the Layout tab for lescohn.
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lsaloga
Posted : Friday, December 26, 2008 11:36:07 AM
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Joined: 1/8/2005
Posts: 118
 I'm sorry - I didn't notice this is StockFinder. Can you provide the scan for TC? Thanks again.
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StockGuy
Posted : Friday, December 26, 2008 11:55:17 AM

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Joined: 9/30/2004
Posts: 9,187
 C > AVGC200 and C = MINC7
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efdtrader
Posted : Saturday, January 17, 2009 3:45:20 PM
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Joined: 1/17/2009
Posts: 2
 Can this strategy be back tested in StockFinder?  If so, what are the limitations on back testing?

Thanks
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Bruce_L
Posted : Monday, January 19, 2009 12:16:22 PM


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Joined: 10/7/2004
Posts: 65,138
 efdtrader,
The Layout Shared by StockGuy already has a BackScan as part of the Layout.
-Bruce
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