Stocks To Keep A Close Eye On

[sureshmathur]

Re: Stocks To Keep A Close Eye On - Chapter II

Hello Anant

I was looking at your AFL.
Splendid job.

However, I noticed a line of code as follows:
SLHit = IIf(Bought AND NOT Buy AND C < SL, True, False);

Gathering that, SLHit is abbreviation for "Stop Loss Hit" the line should have been as follows:
SLHit = IIf(Bought AND NOT Buy AND L < SL, True, False);

Stop Loss Hit becomes true as soon as the price crosses the SL, one should not wait for the candle to complete because Stop Loss is supposed to limit the loss on the trade. If we allow the candle to get completed then there is a potential of losing more than limited with the Stop Loss.

Suggestion number 1:
In the exploration I was looking at the columns and found that other three columns would make it more informative. They are, Reward(%), Risk(%) and Reward to Risk ratio, the lines of code may be as follows:

//Calculation
Rewardpc = IIf(Buy OR Bought, ((NextTgt-C) * 100) / C, Null);
Riskpc = IIf(Buy OR Bought, ((SL-C)*100) / C, Null);
RewardRiskRatio = IIf(Buy OR Bought, Rewardpc/abs(Riskpc), Null);
//Exploration Table additional columns
AddColumn(IIf(Buy OR Bought, Rewardpc, Null),"Reward%", 5.2) ;
AddColumn(IIf(Buy OR Bought, -Riskpc, Null), "Risk%", 5.2);
AddColumn(IIf(Buy OR Bought, RewardRiskRatio, Null), "Reward/Risk", 5.2);

Suggestion number 2:
There are lots of false signals being generated, as such I believe you must add some more qualifying criteria before the trade is executed.

These are my thoughts, and welcome the opinion of the fellow members and particularly seniors.

Regards
Suresh

 

[rizuk]

hello Rizuk,

your signature is great yaar. It seems it is the motivator of your cheerful disposition. keep up the nice attitude. :thumb:

btw, thanks for thanking me.

Thanks prasadam for liking my signature The quote in my signature is by Plato .. and the funny thing is that Plato said this years 2500 ago . . not much has changed in last 2500 years . . then also everybody was fighting a hard battle in life and even today to survive everyone has to fight a hard battle . . But thank God . . Savant Ji and Asnavale Ji are working very hard to help us survive this battle

 

[sureshmathur]

Re: Stocks To Keep A Close Eye On - Chapter II

Hello Anant

A statement from your afl,
Tgt = 2 * H - SL;

What is the logic behind this statement, if you do not mind explaining?

How will your system cope if the market behaves like it behaved in September - October 2007 and also in September - October 2008?
WDR, have you backtested the system in those conditions, if yes, I would like to see those results, please?

Thanks
Suresh

 

[yogesh-tiwari]

Hi,

I wonder if we make a slight change in Savant's 20/50 strategy, will it yield better results?

My observation:

If we buy above high of the candle (the day when actual crossover occurs), keeping a SL of low of the same candle, and rest as is...would give us more profitable results, bypassing any range the stock may encounter in the course of the trend.

Since I m complete novice to afl etc. Can anybody please backtest this(my manual chart observation tends to be biased and eyes ignore whipsaws), to see if this observation yields better trades?

 

[itzarvind]

PT,

Here is the chart for VEER. Am not an expert to guide you on this. but still am doing this, because Savant and SM can look at it and can guide you in this.

The chart is not that much clear. As of now posting this chart. If i find any other chart which is more clear than this, then will post that too.. Hope this helps.

Regards,
Arvind

Hi SM,

I Think I Know The Reason, Because I Too Tried To Check The Chart For PT But Couldn't Because It Is Only Traded On BSE, & I Only Download Bhavcopy Of NSE.

Your Data Provider Is Perhaps Giving Only NSE Scrips.

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Hi Yogesh,

a) None Of My Systems In Place Here, Are Back Tested, They Are Tested In Live Market With Real Money.

b) As Suggested By You To Keep The Crossover Bar's Low As S/L Is Not A Solution To Making Real Profit....& Perhaps One Will Encounter More Whipsaw.

c) 'Slight Change' - What Kind Of Change Are We Talking About 21/51, 19/49 Or 15/45....Perhaps Not..... 20/50...Stays As Is, Because One Has To Respect Market Cycles & It's Ongoing Behaviour During Those Cycles....Any Other Combination Will Be A Different System With Its Own Parameters & Conditions.

d) Tweaks To The System Are Individual Personal Preferences & I Am Certainly Not Holding A Gun To Anybody's Head.

Now Coming Back To Back Testing....I Have Been Posting The Triggers In This Thread, Eventually Had To Shift To Chapter-II, For Many Years For Live Real Investing, My Suggestion Go Through All The Triggers Posted So Far & Let Us Know How Poorly Or Well It May Have Performed So Far.

While You May Have Just Come Across This Recently & Fired Up To Change Things & Make It Better....For Me Personally, This Is Done & Over With.....& Have To Get On With Life & To Try, Find Solutions For Even Bigger Problems.

Since I Don't Use AB Or MS, I Have No Programming Skills...None Whatsoever Therefore, I Know Nothing About AFLs....But Doc, DJSinha & Others Have Developed Some AFLs For This 20/50 & They Are Posted Somewhere, I Am Sure Doc Will Point You To It.

Happy & Safer Investing

SavantGarde

Hi,

I wonder if we make a slight change in Savant's 20/50 strategy, will it yield better results?

My observation:

If we buy above high of the candle (the day when actual crossover occurs), keeping a SL of low of the same candle, and rest as is...would give us more profitable results, bypassing any range the stock may encounter in the course of the trend.

Since I m complete novice to afl etc. Can anybody please backtest this(my manual chart observation tends to be biased and eyes ignore whipsaws), to see if this observation yields better trades?

 

[columbus]

Re: Stocks To Keep A Close Eye On - Chapter II

The way it is moving, one can Accumulate SHREE
CEMENTS for long term ,in small lots.

 

[praveen taneja]

PT,

Here is the chart for VEER. Am not an expert to guide you on this. but still am doing this, because Savant and SM can look at it and can guide you in this.

The chart is not that much clear. As of now posting this chart. If i find any other chart which is more clear than this, then will post that too.. Hope this helps.

Regards,
Arvind

Thnx bro for all the work but after getting report on VEER I am not worried on stock want to know now should i buy here more or wait for slight down move:thumb:

 

[itzarvind]

PT,

Let us wait for savants reply. Only he can comment on this.

Regards,
Arvind

 

[SavantGarde]

Guys,

There Is Nothing Compelling In VEER For Me To Look At It Favourably.....I Heard The Guy From VEER On The TV Channel...Other Day...But Not Convinced...& ADAG Having Small Stake Is Not Reason Enough Yet...
Because When The Maket Corrects...This Will Come Down Like A Stone...

Happy & Safer Investing

SavantGarde