StockFetcher Forums · General Discussion · ...Why and Why not?<< 1 2 >>Post Follow-up
edo2017ardo
14 posts
msg #137178
Ignore edo2017ardo
7/30/2017 6:39:49 PM

@Kevin,

I always use limit orders to exit, trying to get at least a 1.5% profit/week, but I could not find a system giving me a consistent >85-90% expectancy...

Kevin_in_GA
4,599 posts
msg #137183
Ignore Kevin_in_GA
7/30/2017 8:45:28 PM

My bad - expectancy should have the average win in $, not percent.

Anyway, the key is to make sure you have a SYSTEM, not just an entry and a profit target. If that is your exit strategy, then make sure you have backtested it thoroughly. If not, paper trade it for a few months.

edo2017ardo
14 posts
msg #137184
Ignore edo2017ardo
modified
7/30/2017 8:57:47 PM

Thank you again Kevin,

Would you be willing and so kind to suggest the System that "you" prefer using (coded in SF)?

Kevin_in_GA
4,599 posts
msg #137186
Ignore Kevin_in_GA
7/30/2017 9:15:50 PM

I no longer use SF filters for my trading. Everything I develop is in StrataSearch now, and for a number of good reasons.

SF code is limited, and it is not necessarily easy to translate SS systems into SF code. In fact I don't bother to any more since SS does a great job of nightly signals and portfolio tracking.

My suggestion is to download StrataSearch. It is about to be discontinued but the software is being offered (fully functional) for free right now.

edo2017ardo
14 posts
msg #137187
Ignore edo2017ardo
7/30/2017 9:45:20 PM

@Kevin,

Copy that. Are you disclosing/sharing your SS generated nightly signals (with symbol/s, entry and exit) somewhere where you could be followed?

Kevin_in_GA
4,599 posts
msg #137189
Ignore Kevin_in_GA
7/31/2017 8:45:09 AM

No - I did that at Collective2 for a while and came to the conclusion that it was simply too much work for the return it provided. Philosophically, I firmly believe that people should "learn to fish" - either here at SF or through other software like SS.

I've stopped posting my trades because I get folks critiquing my trade selection (usually only when it drops after entry and they had followed that particular trade) - I really don't need that type of distraction as it does not make me a better trader.

Here is my suggestion -

1. Get StrataSearch. Learn the basics.
2. Run a OneClick Setup against your favorite stock to trade (mine is XIV). Use the "Percent of Perfect" setup to start (I also use the High Sharpe Ratio one as well with very good results).
3. Let it run through several hundred thousand combinations. This will take about 12 hours.
4. Review the result. Generate a nightly signal from it if you are happy with the equity curve and drawdowns.
5. Trade it EXACTLY as it says to do - no deviation from the system rules.

Total time is perhaps a few days to a week - that investment is going to lead to a much richer payoff than simply following someone else's trade signals without understanding how or why they are being generated.


StockFetcher Forums · General Discussion · ...Why and Why not?<< 1 2 >>Post Follow-up

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