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
$31.50 |
Change
0.110(0.35%) |
Mkt cap ! $94.19B | |||
| Open | High | Low | Value | Volume |
| $31.40 | $31.58 | $31.30 | $104.6M | 3.321M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11715 | $31.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.51 | 6569 | 3 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |
