Hi Skate. New here so this is my first post. I went through your code for WTT strategy. Curios if you were still paper trading it? Have you got an update on it at all? I currently have a tradelongterm subscription with Nick wedge trading US stocks. I wanted to diversify and trade on the ASX and looking for a systemic strategy that’s low maintenance. I’m relatively experienced but time is a factor. Appreciate you teaching the layman’s how to code on Amibromer
Hi
@othmana86
Thank you for making your first post in the "Dump it here" thread & it's always pleasing when new members take the time to read some of my posts.
Warning
Every strategy I have uploaded were from my first attempt at coding a trading system. I traded each uploaded strategy back in (2015) but I wouldn't recommend others trading the same strategy in today's markets. The strategies uploaded are for those new to Amibroker. The strategies are educational rather than strategies to trade, that's all.
Basic understanding
I uploaded my first attempt at coding so those new to Amibroker would get a basic understanding of how to construct a strategy from scratch - a slight glimpse into coding a mechanical trading system. The procedure to code the WTT Strategy was in 12 easy steps to follow. Read from here:
https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1087843
The WTT Strategy
I constructed my version of the WTT strategy from what I have read. Only those who own a copy of "Radges WTT Strategy" would know the nuances & parameter settings.
Not long ago
I uploaded screenshots to display the signal comparison of "Radges WTT" compared to my uploaded version - the signals were very close. Read from here:
https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1088062 or here
https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1088098 or here
https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1088102
"I wanted to diversify and trade on the ASX and looking for a systemic strategy that’s low maintenance"
The WTT is a simple breakout strategy. I'm "currently trading" my version of the WTT Strategy & its a good performer but one of the worst performers in my trading stable. The idea of a "period" breakout is simple, sound & easy to code.
Here are the differences between my code & what I know of Radges WTT parameters
1. My version of the WTT Strategy "Index Filter" uses a lookback period from
20 weeks == The Radge "WTT strategy" uses a
10 week lookback period for the Index Filter
2. My version of the WTT Strategy the "Trailing Stop" is set at
20% when the Index Filter is ON == The Radge "WTT strategy" uses
40% when the Index Filter is ON
3. My version of the WTT Strategy uses a moving average as
an additional exit == The Radge "WTT strategy"
only uses a "Trailing Stop Exit" driven by the Index Filter.
4. My version of the WTT Strategy uses a "Price Filter of (
min $0.05 & Max of $10.00) == The Radge "WTT strategy" uses a (
min $1.00 & Max of $10.00)
5. My version of the WTT Strategy also uses additional filters & exit criteria that I don't discuss.
Others may like to upload a backtest of Radges WTT (for comparison)
There are members who have purchased the Radge WTT code & they may upload a backtest from 1st January 2020 the "start of this calendar year" as well from the start of this Financial year (2020/2021) for comparison. I'll upload the backtests from my version of the WTT Strategy so you can get an idea of its trading performance & results.
1st January 2020 the "start of this calendar year"
1st July 2020 the "start of this financial year"
"Actual" Trading results of Skate's version - WTT Strategy
Skate.