sector index available the rule gets temporarily turned off in the code. Obviously we have only scratched the surface here and there are many more ways that sector analysis could be useful in your trading. AND sector that stock belongs to has a 3-month RSI reading above. The data provider I use ( Norgate Data ) makes this quite straightforward since most stocks already have an infrastructure laid out including sector and industry information. If the breakout happens and his buy-stop target is filled, his trading platform automatically opens a long position. A bit of profit booking was seen in late trade but the index did not. Some traders use the highest close as the base for hanging the exit. Every professional trader has losses in Forex trading, you have to admit. . Simulations and charts created with Amibroker using historical data from Norgate Data.
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Trading Strategies That Work (or the Big Damn Chapter on Trading Strategies) 163. This code assumes use with Norgate data: Final Thoughts So what to make of these results? Any system that relies purely on breakouts does not work consistently. For example, the index symbol for S P 1500 industrials is SP1500I and the index symbol for S P1500 healthcare shares is S P1500A. Additional Notes In order to create this system it is necessary to map each stock to an index that reflects an appropriate sector. Starting Capital: 50,000, test Universe: S P 1500 stocks (including historical constituents). Narrow Range Day NR7 Trading Strategy Test Results. Simple Breakout Sector Filter Results Now we have the sector filter created we can run the system on the data with the added rules and see the results: # Trades: 648 Net Profit: 53,305 CAR:.18 MDD: -22.48. DE has a ranking score of 102 which is less than Microsoft so we would buy Microsoft first, before. One of the first trading scenarios and potential trade setups that a trader is often introduced to is the range breakout. Most of the breakouts were false breakouts or resulted in a small profit.
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