To
Import this Trading System,
- Open the
Configure Modules Window and
- Right
click on the window.
- Then
choose Import and select
TwoDayFibRetrace.mod
This method scans for symbols
that have a minimum 2 day range of
2% and are not trading near the 50%
retracement of the range. After
retracing symbols will often
continue the trend.
For Longs, if today's high is
greater than 2% of yesterday's low
and the current price is trading
near the 50% retracement of the 2
day range, then alert for a
potential long entry. Using
the 5 period Moving Average, the
Rate of Change must be greater than
0.25 and the current close must be
greater than the 5 period Moving
Average
For Shorts, if today's low is
less than 2% of yesterday's high and
the current price is trading near
the 50% retracement of the 2 day
range, then alert for a potential
short entry. Using the 5
period Moving Average, the Rate of
Change must be less than -0.25
and the current close must be
less than the 5 period Moving
Average
In Stormset2 the Two Day
Fib Retrace Trading System had the
following backtesting results
Longs:
1049 Wins, Avg Win 0.16
1605 Losses Avg Loss -0.09
Total of 33.14 points
Shorts:
789 Wins, Avg Win 0.13
811 Losses Avg Loss -0.07
Total of 48.86 points
Other parameters 0.25% sliding
stop, 1% target. Entries only
between 10:00 and 12:00 PM EST
ALL THESE PARAMETERS ARE
PRECONFIGURED IN STORMSET2
From 1/1/2005 through 12/22/2005,
using this symbollist
Possible Variations:
- Vary the
2% range
criteria
- Add Daily Volume Strength
criteira( DvsD) to specify
Volume Criteria
