VIX and Supertrend combined? Not for a lack of trying.I've recently posted about "The Ducati Blue Bar Strategy" & the "Duc Indicator" both brilliant ideas. Since Duc has dropped those gems, I've been hard at work trying to develop them further but I'll bet you pounds-to-peanuts not one reader is running with @ducati916 ideas.
My blue/red bars are based on price volatility (1.5*ATR(10)).
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If we can tolerate the few bumpy starts (losses), the potential is huge if we can hang on properly. The spec portfolio has been taking small chunks out of huge trends. We have to remind ourselves that very few stocks go on to form these huge trends.
Many thanks - hadn't researched supertrend, so appreciate the explanation. Close to a chandalier trailing stop, but "always in", either short or long.
Amibroker link is dead i am afraid@Newt i have posted extensively on the Supertrend Strategy & have made over 10 posts on the strategy.
With permission
Matt Radtke from “Quantforhire” recently wrote an article on how to “Beat the Market with a Simple SuperTrend Strategy” & with his kind permission Matt has allowed me to reference his work & hyperlink to his webinar presentation where he describes the process of creating and validating a simple trading strategy using the SuperTrend indicator.
Respectable results
The performance results of his strategy are quite respectable but the real purpose of his webinar was to introduce traders to the tools and methodologies that can be used to develop effective strategies of their own.
Well worth a watch
I have downloaded & watched Matt’s webinar a few times. The slides for the webinar can also be downloaded separately. Matt, in my opinion is the real deal & has done a great job coding the SuperTrend Indicator & presenting his webinar on the subject. For a better understanding of how his simple indicator can be applied to all time frames & all markets with an explanation on the correct application of the indicator for trading.
The AmiBroker AFL code is also kindly supplied.
https://quantforhire.com/2018/08/19/supertrend-indicator/
Robustness of a strategy
At the 39:50 minute mark - Matt explains how to test a strategy robustness using "Parameter Sensitivity" & then goes on to explain the procedure to refine a strategy using the "In Sample" (IS) & "Out Of Sample" (OOS) testing to avoid curve fitting was priceless. I have posted many times that backtesting alone means Jack. The only true test of a strategy is using the results from the “In Sample” (IS) & “Out Of Sample” (OOS) testing that is explained succinctly in the webinar presentation.
Beat the Market
With a Simple SuperTrend Strategy by Matt Radtke
Website reference
https://quantforhire.com/2019/03/16/beat-the-market-with-a-simple-supertrend-strategy/
Webinar download
https://videos.files.wordpress.com/AF3ZeUuc/quantact-1_dvd.mp4
Presentation Slides download
https://quantforhire.files.wordpress.com/2019/03/quantact-amibroker-nifty.pdf
Disclaimer
I have not used Matt’s code in formulating my "SuperTrend Strategy" nor do I use the SuperTrend Indicator as intended or described in the webinar.
Skate.
Amibroker link is dead i am afraid
The Motley Fool
(a) Are these guys making stuff up or (b) just making content to stay relevant or (c) suggesting that you buy the dip (BTD)?
Skate.
When I started in shares almost 30 years ago in the UK I read Investors Chronicle magazine weekly. Later I came upon Motley Fool. They both seemed good to new as a newbie learning but after some months and a year or two, and my knowledge was increased, it became all too apparent that they just rotated their recommendations.I'm pretty sure they just make stuff up. I regularly see them acting under the 'cherry-picking fallacy': "if you had only put $10,000 when we told you 3 years ago, you would have made $xxxxx much!" ..... classic scam-like behaviour IMO. They never mention the constant recommendations that fail.
get a random trade generator, you'll have better luck succeeding .
When I started in shares almost 30 years ago in the UK I read Investors Chronicle magazine weekly. Later I came upon Motley Fool. They both seemed good to new as a newbie learning but after some months and a year or two, and my knowledge was increased, it became all too apparent that they just rotated their recommendations.
I constantly see MF promoting stuff and roll my eyes every time thinking to myself, been there, seen that, the same old sh$te again from these guys.
Purely aimed at the absorbent, uninitiated suckers.
GG
BWhat am I missing?
To gain exposure to the American market "The Motley Fool "website suggested 2 fantastic ETFs for ASX growth investors to buy posted by James Mickleboro 1 hour ago.
2 high-quality ASX 200 shares to buy
If you’re a fan of growth shares, then you might want to take a look at the exchange traded funds (ETFs) listed below. These ETFs give investors access to a collection of some of the highest quality growth shares in the world. Here’s why they could be fantastic additions to most portfolios:
#1. BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ETF to look at is the BetaShares NASDAQ 100 ETF. This fund gives investors exposure to some of the highest quality growth shares in the world.
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VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
Another ETF filled with growth shares to consider is the VanEck Vectors Video Gaming and eSports ETF. As its name indicates, the ETF gives investors exposure to a portfolio of the largest companies involved in video game development, hardware, and esports.
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The Motley Fool
(a) Are these guys making stuff up or (b) just making content to stay relevant or (c) suggesting that you buy the dip (BTD)?
Skate.
Yepyea, agree. its sad to look back (before I started to research, learn, and even knew of the kind of investing that happens on here) and remember how i used to eagerly read them. they definitely have a target audience. i'm lucky i didnt have the money at the time to follow them.
Yep
Even went to some of their face to face presentations.but really looked like a scam and indeed so many recommendations, obviously some went well or fell less than others
I wish to make a few comments
#1. There is nothing wrong investing in the two positions suggested by "The Motley Fool" (NDQ & ESPO) other than to say that their timing leaves a lot to be desired.
#2. The two charts (NDQ & ESPO) that I posted previously confirms (a) Technical Analysis can "time the markets" (contrary to popular beliefs) & (b) "time in the markets" has its place when it comes to investing.
#3. One of @ducati916's post allowed me to develop not only an indicator but also two complete trading strategies (a) "The Ducati Daily Blue Bar Strategy" & (b) "The Ducati Weekly Blue Bar Strategy". Meaning, Duc's idea works in all time frames.
#4. The media is not always correct.
Skate.
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