I trade longer term mechanical trading systems exclusively on the ASX. I rarely look at daily charts and the systems are built using weekly timeframes.
The information in this site is based on actual trades in real portfolios. I don't trade using margin or any sort of leverage. I mainly use Amibroker for system testing and trade monitoring.
I am not selling anything. This is just a journal to record where I have been and, just maybe, where I am going.
Thursday, March 22, 2007
69% gain on HGI
HGI trade closed for a 69% gain. This one lasted 35 weeks. The system used for this trade has turned off for the moment.
Hi stevo,
ReplyDeletewhat indicators are you using on your chart, especially the red line and clouded sections above it?
thanks
On the weekly chart shown the red line is a trailing ATR exit. I use a variable ATR multiplier for a little more responsiveness / adaptability.
ReplyDeleteThe blue clouded area is basically a bollinger band breakout - above the blue area is one of the criteria for a buy signal.
Close above the grey area can lead to a profit exit. The ribbon at the bottom of the chart is an indicator of the overall market strength.
regards
Steve
Thanks Steve, I like the look of your charts and your blog.
ReplyDelete