Developing my trading plan

[It's Snake Pliskin]

Tech,

Your Techtrader system has been taken up by people on reefcap since 2002 right?

Has the system changed much in that time and how many variations are there?

Could you post the basics of the system as it stands today with particular emphasis on entries? Does discretion come into the system or is it purely robotic.

Snake

 

[tech/a]

Tech,

Your Techtrader system has been taken up by people on reefcap since 2002 right?

Has the system changed much in that time and how many variations are there?

Could you post the basics of the system as it stands today with particular emphasis on entries? Does discretion come into the system or is it purely robotic.

Snake

Yes.
There was an original version and then a revised version which is the one now on Reef. (I also have a personal version which I'm happy to discuss )

I use 2 discretionary elements and have used them for the one being traded on Reef---both are about which stocks I select over other stocks chosen by the system.There maybe 5 chosen on a day and I never take any---as (a) I may have a full portfolio or (b) They may not fit my selection criteria--ie the 2 discretionary elements.

However once bought thats where discretion leaves.

I'll reply with full details on a seperate discussion thread if you like.Later as I dont have time now.

 

[tech/a]

Snake

Techtrader

Entry.
Todays high must be trading above the 40 day moving average of the close.
The close must be less than $10
The close must be greater than the open
Liquidity must be greater than $500,000 on average over a 5 day period
Todays high must be the highest high for the last 70 periods
In making the 70 day high it must cross the highest high for the previous 10 days.

The 2 discretionary "Eyeball" filters
(1) The stock must be clearly in an uptrend or clearly breaking out of a downtrend.
(2) The stock cannot be in a tight range over a period of years.

The universe of stocks chosen to trade the system it the BT Margin list which is very close to the ASX300.

Initial stop is 10% of the initial purchase price and parcel size is $10000 or 10% of the $100000 initial capital.Risk is then 1% on each trade.

Exit is a cross of price below the 180 day EMA of the close.
Profits are pyramided.

 

[It's Snake Pliskin]

Snake

Techtrader

Entry.
Todays high must be trading above the 40 day moving average of the close.
The close must be less than $10
The close must be greater than the open
Liquidity must be greater than $500,000 on average over a 5 day period
Todays high must be the highest high for the last 70 periods
In making the 70 day high it must cross the highest high for the previous 10 days.

The 2 discretionary "Eyeball" filters
(1) The stock must be clearly in an uptrend or clearly breaking out of a downtrend.
(2) The stock cannot be in a tight range over a period of years.

The universe of stocks chosen to trade the system it the BT Margin list which is very close to the ASX300.

Initial stop is 10% of the initial purchase price and parcel size is $10000 or 10% of the $100000 initial capital.Risk is then 1% on each trade.

Exit is a cross of price below the 180 day EMA of the close.
Profits are pyramided.

Tech,
Thanks for that.
Have you tried it with CFD's yet?

 

[tech/a]

No.
But if I did I would use the CFD position sizing Radge uses and wouldnt leverage it 10:1

It is something I need to look into.