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Before I move on to strategy development I want to talk about a nice little strategy that I'll be giving away from my bag of tricks.

The strategy (this is nothing new)
It's called "Skate's Trends & Countertrends Weekly Strategy". Its a weekly strategy as I have no joy coding daily strategies. It's not that I can't code daily systems but the performance is below my expectation.

Welles Wilder
Welles Wilder came up with an idea that Barbara Star developed, she noticed behaviour patterns found with two well known indicators (1) ADX and (2) MACD, & applying a Commodity Channel Index (CCI oscillator/indicator) and a 14-day moving average it filtered out false patterns.

"CAM" stands for Coordinated ADX and MACD indicator

CAM patterns
The CAM indicator identifies upward and downward trends as well as pullbacks in existing trends and countertrend rallies & these pair of indicator intends to highlight the price patterns of trends and reversion. The colour of the price bars also identify the chart patterns based on a coordinated ADX and MACD or, as she abbreviates it, CAM patterns are there for you on the charts.

Systematic traders
Buying pullbacks in the same direction as the long-term trend is a popular approach for systematic traders. These types of strategies typically identify high probability trades and tend to perform well. This is nothing new, this idea has been around for over 10 years that I know of even if you haven’t.

Backtesting criteria
Index = All Ordinaries (XAO)
Initial Equity = $100,000 (a round number to easy understand)
Maximum Open Positions = 20 (standard number considered by most)
Position size = $5,000 (Bet size)
Commission Amount = $19.95 (CommSec commission per trade)

Reports to follow
5 Portfolio Equity results showing the performance of the strategy over 4 years. (from 2015 to today 29th January 2019)

Skate

<blockquote data-quote="Skate" data-source="post: 1012504" data-attributes="member: 57364">Before I move on to strategy development I want to talk about a nice little strategy that I&#039;ll be giving away from my bag of tricks.The strategy (this is nothing new)It&#039;s called &quot;Skate&#039;s Trends &amp; Countertrends Weekly Strategy&quot;. Its a weekly strategy as I have no joy coding daily strategies. It&#039;s not that I can&#039;t code daily systems but the performance is below my expectation.Welles WilderWelles Wilder came up with an idea that Barbara Star developed, she noticed behaviour patterns found with two well known indicators (1) ADX and (2) MACD, &amp; applying a Commodity Channel Index (CCI oscillator/indicator) and a 14-day moving average it filtered out false patterns.&quot;CAM&quot; stands for Coordinated ADX and MACD indicatorCAM patternsThe CAM indicator identifies upward and downward trends as well as pullbacks in existing trends and countertrend rallies &amp; these pair of indicator intends to highlight the price patterns of trends and reversion. The colour of the price bars also identify the chart patterns based on a coordinated ADX and MACD or, as she abbreviates it, CAM patterns are there for you on the charts.Systematic tradersBuying pullbacks in the same direction as the long-term trend is a popular approach for systematic traders.&nbsp; These types of strategies typically identify high probability trades and tend to perform well. This is nothing new, this idea has been around for over 10 years that I know of even if you haven’t.Backtesting criteria Index = All Ordinaries (XAO)Initial Equity = $100,000 (a round number to easy understand)Maximum Open Positions = 20 (standard number considered by most)Position size = $5,000 (Bet size)Commission Amount = $19.95 (CommSec commission per trade)Reports to follow5 Portfolio Equity results showing the performance of the strategy over 4 years. (from 2015 to today 29th January 2019)Skate</blockquote>

[QUOTE="Skate, post: 1012504, member: 57364"] Before I move on to strategy development I want to talk about a nice little strategy that I'll be giving away from my bag of tricks. [B]The strategy [/B](this is nothing new) It's called "Skate's Trends & Countertrends Weekly Strategy". Its a weekly strategy as I have no joy coding daily strategies. It's not that I can't code daily systems but the performance is below my expectation. [B]Welles Wilder[/B] Welles Wilder came up with an idea that Barbara Star developed, she noticed behaviour patterns found with two well known indicators (1) ADX and (2) MACD, & applying a Commodity Channel Index (CCI oscillator/indicator) and a 14-day moving average it filtered out false patterns. [B]"CAM"[/B] stands for [B]C[/B]oordinated [B]A[/B]DX and [B]M[/B]ACD indicator [B]CAM patterns[/B] The CAM indicator identifies upward and downward trends as well as pullbacks in existing trends and countertrend rallies & these pair of indicator intends to highlight the price patterns of trends and reversion. The colour of the price bars also identify the chart patterns based on a coordinated ADX and MACD or, as she abbreviates it, CAM patterns are there for you on the charts. [B]Systematic traders[/B] Buying pullbacks in the same direction as the long-term trend is a popular approach for systematic traders. These types of strategies typically identify high probability trades and tend to perform well. This is nothing new, this idea has been around for over 10 years that I know of even if you haven’t. [B]Backtesting criteria [/B] Index = All Ordinaries (XAO) Initial Equity = $100,000 (a round number to easy understand) Maximum Open Positions = 20 (standard number considered by most) Position size = $5,000 (Bet size) Commission Amount = $19.95 (CommSec commission per trade) [B]Reports to follow[/B] 5 Portfolio Equity results showing the performance of the strategy over 4 years. (from 2015 to today 29th January 2019) Skate [/QUOTE]

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