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Beta Testers, Gold User, Member, TeleChart
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| Unsure |
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| Tuesday, December 28, 2004 |
| Saturday, March 5, 2005 5:20:38 PM |
11
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does anyone know how to print the trackign report to a file or how to export it? I am trying to get some statistics on backtesting filtering rules and being abe to print the sort window would be my first choice, but given I can't do that if I could capture the tracking report so I could import it to excel, would serve the same purpose.
Thanks for any ideas.
Georgia
Dame Rapid Screener
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I estimate risk/reward by first calculating the % risk--(my entry price - my initial exit stop)/ (my entry price)*100
Then I use the % gain from the most recent intermediate market low as my predictor of % gain. I a an Elliott fan, so I tend to think subsequent uplegs will be on teh order of the prior upleg, so there is some reasoning behind this. Since most stocks move in tandem, I calculate the gain from the date of the last intermediate low on the SPY for all stocks. What I am doing is looking for is stocks that have made a strong leg up (those that have substantially beat the market) and that hae tight stops. I generally look at stocks that have a reward/risk ratio of 3 or more.
Georgia
Dame Rapid Scanner
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no. I am looking to write a PCF based on a lookback (the entry date) that will be different for each stock. Let's say I bought AAPL in late October and DELL in early November. I want to associate the actual entry date for the trade with each individual stock. In other words I don't want to have to go in and edit the lookback period in teh PCF each tiem I switch to a new chart.
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Hi folks:
I am looking for better metrics to help quantify the quality of my trading to pinpoint areas where I could improve. I already use excel to plot the cummulative gain in my account versus the SPY--no sense trading unless I can beat that. I also look at % drawdown and % run-up and fit to linear and exponential functions to quantify my rate of return. I look at R^2 to try to see how variable my returns are--and am always worse than the SPY in spite of tryign to diversify.
I already keep track of my trade statistics weekly and look at profit factor, % wins versus losses, and av win/ av loss ratios.
What I am really looking for are ways, using TC2000, to pick apart the trade in terms of quality of entry and exit points, average daily gain in trade, etc. The only way I can see to do this is to export the raw data into excel and manipulate it there, which woudl be very tedious. I guess what I would really like to do is be able to generate PCFs based on an entry and price unique to each stock. Does anyone know how to do that?
Thanks in advance for any advice.
Dame Rapid Screener
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Here is my set-up function
AVGC50.40 > 5 AND AVGV50.40 > 2500 AND C40 > AVGC50.40 AND AVGC50.40 > AVGC200.40 AND AVGC50.40 > AVGC50.41 AND AVGC200.40 > AVGC200.41 AND 100 * (MAXH10.40 - MINL10.40 ) / (10 * (AVGH10.40 - AVGL10.40 ))<=30
this function tests that stocks have prices above $5 and good volume, that they are uptrending, and that they have been in a consolidation as of 40 days ago.
Here is my set-up and follow through function
AVGC50.40 > 5 AND AVGV50.40 > 2500 AND C40 > AVGC50.40 AND AVGC50.40 > AVGC200.40 AND AVGC50.40 > AVGC50.41 AND AVGC200.40 > AVGC200.41 AND 100 * (MAXH10.40 - MINL10.40 ) / (10 * (AVGH10.40 - AVGL10.40 ))<=30 AND (maxh40 - c40)>2*(c40-minl40)
This function does all of the above and checks to see that the most favorable excursion in the next 2 months is at least twice as big as the maximum adverse excursion. In other words reward beat risk by 2 to 1.
I take a simple average of both of these over 250 days.
If I could see the % difference of the set-up plus followthrough versus the set-up alone then I would be testing the % of the time that the set-up was a good predictor of positive price action.
thank you for looking at my problem!
Georgia
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Doug:
I am trying several other ways to skin this cat. My first thought is to try to sort by the comparison % difference between two %true indicators, namely the "set-up" function and the "set-up with positive outcome" function. That way I am directly seeing what % of the times I have the set-up I get the positive outcome. Unfortunately, for some reason this is not calculating properly and displaying in the sort value. I have the % true indicators visible in the top window and can see the values so I know what the outcome should be--say 28 for the set up averaged over 250 days and 18 for the set-up with follow-through also over 250 days so I would expectto see % difference as 100 - (25/38). Unfortuantely that is not what is coming up. 
I then tried to generate a function that was the average of the Boolean function using AVG(boolean fucntion,250) syntax, but that didn't work--it gave me an error message. seems to me that would be a useful thing to be able to do.)
Any ideas on what is going wrong with the first method?
Georgia
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Hi:
How do I get to see more than one %true type indicator when I am sorting? I have three such indicators that I want to track at once in the upper pane of my chart. However they do not appear on the insert column list, so I can only view the one I am sorting by at any given time.
Thanks
Georgia
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Doug:
Thanks for the tip on the sorting for RS versus its moving average.
HOwever, why would you not use the % difference versus the visual comparison to get a quantitative answer?
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I have two questions.
1. How can I use the relative strength (notRSI) indicator in personal
criteria formulas. I would like to find stocks that have a RS versus the
SPY that is above it's 13 day moving average.
2. I am trying to use a %True indicator with a 250 day simple moving
average to sort my watchlist. Although it displays correctly on my chart,
all the values are 0 on the watchlist. What is wrong?
thanks.
Georgia
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