Hi Guys - I am new here and I would be grateful for your thoughts on the results of my trading model. It uses tech analysis and a bit of funky maths. The results are encouraging. It makes trades anywhere between subsequent days to up to a few weeks apart. It best described as an MA system but it is very good at picking peaks so the net result is quite profitable.
The buy/sell price is a weighted average of the OHLC with a bias on the Open and Close (and more toward the close). That seems the fairest approach IMO for estimating a realistic trade price. I set it up with Options in mind hence the profit/losses in both directions. I guess it could just as easily be used for entry/exit signals in shares.
I have tried six major shares and have similar results (BHP,ANZ,WBC,RIO,TLS,CBA).
The test uses daily data over 5 years. Rio gave about $160 for the same period.
Regards Monte
5 Year Backtest on my Algo
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Last
$29.32 |
Change
-0.175(0.59%) |
Mkt cap ! $88.10B | |||
| Open | High | Low | Value | Volume |
| $29.25 | $29.41 | $29.23 | $61.46M | 2.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 6827 | $29.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.32 | 5123 | 9 |
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| Last trade - 14.30pm 25/07/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |