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Skate, that's both backtest and real? Or one or the other? Thanks.
Dump it Here
- Thread starter Skate
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willy1111, I have 3 (Silver Package) data subscriptions & all my strategy development was conducted on the "Current and Past watchlist"
I purchased the additional 25 year Historical Index Constituents that unfortunately didn't transfer over to the new data package (NDU) as its an inclusion in the Platinum package. My days of crunching formula numbers is now limited (IMHO) a small inconvenience.
BACKGROUND
Norgate has a variety of Subscription Packages that vary in price & extras upgrades.
I didn’t take up the Platinum package that was available to me as a Beta Tester - I purchased the Australian Stocks (Silver Package) as it was all I needed
I lost my historical data that I initially paid for as this data couldn’t be carried forward with the Silver Subscription Package – the only disappointment.
You can use (but I don't)
#include_once "Formulas\Norgate Data\Norgate Data Functions.afl"
Skate.
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Great question
I'm daytrading futures atm so dont have time to go into too much detail but I'll just add that as part of Skate's system testing he'd ask me to also test his code for robustness etc. I'm not a fan of restricting yourself to (for example) the All Ords constituents, I tend to use strict volume, liquidity and volatility filters instead but I fully understand Skate's decision to only want to trade the most liquid stocks.
So along with Skate's testing using the Norgate Beta data with All Ords historical constituents I'd also test systems for robustness using my liquidity rules across the entire ASX.
Skate mentioned persistence earlier in this thread and I've seen it in action, I have a "Skate's Systems" folder in Amibroker and it's huge. His hybrid system is the result of 100's hours of trial and testing. Didn't matter how many times I had to email him back and say his latest tweak doesn't work, he'd always be back with something else to try.
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I like the idea of a "stale stop" Skate. I should get me one of those. IS it purely time based, or a function of price not being about to post a new high for x days?
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I'm not too sure what you mean "that's both backtest and real?"
My real figures are much better than the backtest report.
I'm at a loss why my Amibroker backtest report are a little off from the actual results (even though they are very close) It may because of slippage & different bet positions (also there is also off-market purchases) - who knows !
My trade positions range from $15K minimum to $50K maximum but as Captain Black pointed out liquidity is an issue for me & I can shift the price sometimes (peter2 recently explained this in his thread)
I've had multiple calls from CommSec warning that my trading value will alter the markets - making sure I was aware of this fact. My trading sweet spot is now $25K positions ($29.95 commission max)
I have made a few $100K & $200K buy positions & paid a heavy price. Captain Black liquidity advice came after doing this & he explained how I could have handled it better (correctly)
Also I didn't listen carefully enough to Captain Black when I first started my trading journey, I was so eager to start. (by not listening close enough cost me $64K) When you are self-opinionated you always think you know better (well sometimes - it's not the case)
Skate.
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Great question
I'm daytrading futures atm so dont have time to go into too much detail but I'll just add that as part of Skate's system testing he'd ask me to also test his code for robustness etc. I'm not a fan of restricting yourself to (for example) the All Ords constituents, I tend to use strict volume, liquidity and volatility filters instead but I fully understand Skate's decision to only want to trade the most liquid stocks.
So along with Skate's testing using the Norgate Beta data with All Ords historical constituents I'd also test systems for robustness using my liquidity rules across the entire ASX.
Skate mentioned persistence earlier in this thread and I've seen it in action, I have a "Skate's Systems" folder in Amibroker and it's huge. His hybrid system is the result of 100's hours of trial and testing. Didn't matter how many times I had to email him back and say his latest tweak doesn't work, he'd always be back with something else to try.
I"M SHOUTING
When Captain Black speaks it pays to listen & always reply "Tell me more" (this guy is the real deal)
Skate
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Very well done. Would you mind posting an equity curve of real trades since starting?
It does surprise me how illiquid stock markets are. Trying to enter/exit during the day is near impossible.
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The ASX is awful, Open and Close are the most liquid times. The US is much better. It's one of the reasons I focus mainly on futures now, liquidity is rarely an issue on markets like the ES, Nikkei, Bund etc.
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$20shoes, I gave a full description on the (FAR ltd) thread page 40 post #394 (have a read, you will find it interesting)
https://www.aussiestockforums.com/threads/far-far-limited.961/page-40#post-1002154
Copied from the thread
@Ann made this comment: Hopefully, other chartists like Tech/A, So Cynical, SKC, Gregg, and others could make comments on FAR and its double knife chart interpretation.
Footnote - @captain black should be included in the list above as his knowledge is invaluable.
My apologies in advance
I hate long winded posts & this is my second long post in a week - I get exhausted reading them let alone writing them. I'll chunk the post as usual to encourage you to keep reading and finally get to my chart of (FAR) for analysis explanation.
From my Perspective – as a recent owner of (FAR)
My views are from a technical perspective about the position I recently held in the company (FAR) a position exited with profit.
The typical trend follower would have been all over (FAR) jumping on board once the move was on (that’s the easy part) but knowing when to jump off is the tricky part of the equation. Knowing when to sell is where the money is to be made.
I made a post in another thread about inside information & those comments can go a long way in explaining the sudden movement about the company in question (FAR)
https://www.aussiestockforums.com/t...ion-how-to-get-some.34332/page-2#post-1001452
@joe requested more trading information so I'll explain how I handled my position in (FAR) and I’ll even show you a chart of my actual trade.
First Off
I want to give some background information for educational purposes explaining the feature of a (ROC) indicator - an indicator that would have protected most position holders of (FAR) using this technical indicator just as I had.
What’s a ROC ?
A (ROC) is a Rate of Change indicator, it's simply a Momentum Indicator that measures the percent change in price from one period to the next.
Investment success depends on two basic things:
1. Picking good stocks that increase in price, and
2. Effectively managing the stocks after you buy them.
Effective management means having a plan for either cutting losses or taking gains & @peter2 is the master at this game.
Managing your stocks after you buy them is what determines your level of success. Great investing results are a product of shrewd selling rather than smart buying.
Reading a Bar Chart
It takes a bit of practice to get used to reading a bar chart, especially when the price is moving very quickly and @tech/a has proven to be the master of it.
Below I have uploaded a chart from my weekly trend trading strategy – it shows the entry & the exit signals.
I’ve attached the (ROC) indicator at the bottom of my chart for your reference - the exit signal was generated by the ROC indicator because it moved below the 0% line and lower.
On Friday the 28th September the (ROC) indicator dropped below the 0% line and the momentum of (FAR) was dropping. There was a small rally preceding this date only to fall greater the second time.
Study the Chart
Selling is a valuable tactical tool
Selling a stock is by far the most valuable tactical tool that the individual investor has at their disposal. Selling is cheap and easy and can be undone in the blink of an eye.
Too many seem to think that if they sell a stock, they are somehow prevented from buying it back again. Not so. For most investors, the biggest stumbling blocks to selling are mental.
If the momentum of (FAR) re-rallied there is nothing stopping you from buying it again, that the secret of trading.
In Conclusion
@tech/a, @peter2 & @captain black are more qualified to express an opinion on the technical aspect of trading & it would be enlightening to get their views through that experience.
Skate
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I have posted my "REAL equity curve" before on this thread but the chart is current as of last Friday - this week is panning out great.
Disclaimer
The equity curve is from January 2016 (I started trading July 2015 & didn't keep midyear records preferring to start the year off fresh)
Have a look at every dip, that cost me an absolute fortune (to me at least)
Skate.
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No, I didn't say this Skate, it was Miner. It is called a 'falling knife'.
https://www.aussiestockforums.com/posts/1002101/
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Many thanks, skate. I'll be sure to do some reading.
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I didn't notice your comment: "Trying to enter/exit during the day is near impossible"
Pre-Market trading only
I only trade the pre-market, taking advantage of the VWAP system (it makes backtesting more accurate in strategy development)
Skate
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Interesting that comsec tells you to be careful about moving the markets. I would never have expected that.
Pre-market, meaning the auction period? Don't the insto bots rip points off you by manipulating the depth in the last seconds before open?
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Pre-market, meaning the auction period?
Yes, I only trade in the Pre-Auction
Don't the insto bots rip points off you by manipulating the depth in the last seconds before open?
Nah....That's what Captain Black does - jockey & manipulating to get a better start (the captain has explained the system, but it was to difficult for me to comprehend)
"Interesting that comsec tells you to be careful about moving the markets. I would never have expected that"
Yep, I'll get calls when the depth is not in the market. They don't warn me about slight movements, its only when I tend to move the price massively.
Skate.
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Paul Rotter could help you get the fills you want at the price you want.
So you had a return on capital greater than 60% for 17/18 financial year? That's awesome!
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Paul Rotter could help you get the fills you want at the price you want.
Thanks for the offer
Thanks, I'm not a fussy trader, slippage, being a 'dick for a tick' I'm over all that. It's similar to petrol price fluctuations who really gives a toss.
I have filters now
I have a full suite of filters coded into my strategy now, I miss some good moves but more will come along & I'm in no hurry.
We all make mistakes but that's ok.
I don't claim to be an expert, far from it and I've made my fair share of mistakes along the way, but the important thing is that I have learned from my mistakes and have become a better trader.
I don’t overtrade, I’m patient and disciplined, but I’m still learning to control my emotions.
Skate.
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It was just a throwaway line. Rotter made something like 60 mill a year over a 10 year period, according to some reports. He did it by playing both sides of the depth.
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Yep, trend followings systems work well in a Bull market & I'm way ahead of the game. (that's a given)
Lemon & Lemonade
But, there are good times & there are bad time that's the nature of the game. I just roll with the punches. Have a look at January 2018 to June 2018 & feel my pain.
Pain
Yep, and the people who can handle the pain do alright and the ones that don't handle it don't do alright! The right mindset is massive in this game!
Skate
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