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Joined: 4/14/2005(UTC)
Posts: 11
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Hi ,
Who has tested with pullback to trendline stratergy. ie the trend is up and you wait for it to fall back near or at trendline to buy?
Is this a profitable system? It seems hard to code as well
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Rank: Advanced Member
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Joined: 3/19/2005(UTC)
Posts: 2,995
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Hey Wayne-
What are you trying to do? Are you talking about when the price moves back to a moving average or a linear regression or what? Moving averages are common. You can even optimize them in the system tester if you desire (Equis - Moving Average Crossovers w/Opt). The User's Manual has some examples. Here are some more that look at a 15 period time frame:
Buy: cross(C, mov(C, 15, E)) ;
Sell: cross(mov(C, 15, E),C) ;
Buy: cross(C, LinearReg(C, 15)) ;
Sell: cross(LinearReg(C, 15),C) ;
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Rank: Advanced Member
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Joined: 7/21/2005(UTC)
Posts: 74
Location: Oklahoma USA
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Hi Wayne, Linda Bradford Raschke published a system of this type in her book "Street Smarts" but I cannot remember what she called it - maybe Holy Grail. I have seen this coded somewhere and thought I had it but I cannot find it on my system. You might check some of the other Metastock formula sites and search for Linda's work.
I found an excerpt from an interview with Linda (sorry the date and source is unavailable) regarding her Holy Grail:
What is a "Grail" Trade?
The "Holy Grail" trade was originally described in my Street Smarts book. The setup occurs when the market's trend has been strong enough to cause a 14-period ADX to rise above 30. When the price then retraces back to the 20-period EMA, odds favor a retest of the most recently formed high or low.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 3/19/2005(UTC)
Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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Well... if this is a particular system you're looking for you could search throught the formula section. Henry's done a lot of work there... ATTABOY! In one of his posts he discusses trendlines: http://forum.equis.com/viewtopic.php?t=1235&4714
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Rank: Member
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Joined: 4/14/2005(UTC)
Posts: 11
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I am looking for trendline as you would draw on a chart with at least 3 connecting pts.
Is this possible?. I am not looking Moving Average as such, just a straight trendline. Some of the formulas I saw do not draw straight trendlines properly, maybe I am looking at the wrong ones :(
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 3/19/2005(UTC)
Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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Hey Wayne-
Look at some of the formulas that Henry has posted (see above). You could set up a trigger when the price (H,L,O,C) crosses the trendline.
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