XAO (ASX) Short Term Trading Weekly Starting: 28 May

Originally posted by BassClef ↑

Hi Journeyman
Just a quick reply as I do feel this should probably be in a different forum.

Firstly I am not an expert, there is most likely people a lot more experienced with AB than myself in this forum, but here goes..

AB is a very powerful TA charting tool, so firstly get to know it, play with it. If you really want the most out of it you will need to invest some time and learn some basic AFL programming language. Luckily, it's not actually that hard.

When ready to start programming, definitely head to www.asxmarketwatch.com for a whole bunch of free tutorials that will keep you busy for a while. Just start with setting some buy sell criteria on a simple system (MA Cross or whatever) then refining it with back testing and optimisation. Later, try programming your current trading rules by pinching bits of code from what you learnt.

Lots of free stuff on the net, some written for earlier versions of AB, but most of it is OK. Don't expect to find a ready made system out their that will make you rich, sorry. If someone has one, their keeping to themselves.

Theres a great book by Nick Radge, "Unholy Grails". Its an easy read with lots of AB backtesting along with the Monte Carlo testing, all applied to different trading systems. But no code.
Helped me understand the back testing methodology though.

If you want to go down the Quantitative trading systems road, try some books by Howard B Bandy, they all include AFL coding but its advanced stuff.

AB is very powerful but I find the simpler scans along with an eyeball the most useful. The main thing for me is how fast the whole process is.

As far as my own Minervani AFL (that's where this all started), it back-tests great but is not working in the current market, just picks highs. Will revisit it when I get a little more time.

Hope this helps,
Good luck

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Awesome, thanks @BassClef.

I also thought it might be a bit off point for the STT forum, but decided to post it anyway given the context of quite a few people following MM systems at the moment, and I noted that you got a good few likes for your earlier posts re Amibroker and MM, so kept it here anyway.

I was sure to get the AFL package Really looking forward to eventually getting into the programming side of it… So much potential for screening and back-testing!

Due to work and generally not having enough time to constantly look at charts and watch lists, I have come to accept that I need to move towards a pretty much 100% EOD strategy and have been increasingly feeling that a good amount of quantitative trading should be a part of it to at least scan for setups and back test for entry/exit rules etc, but as much to also take my own impulsiveness and subjectivity out of trading.

Thanks again. I’ll be sure to check those books/links out once I’m familiar with the main parts of it.

Not sure if they’re quite the right place either, but I might tag you over on the Algo or Edu forums for any future Amibroker discussion.

Cheers