I came up with a new sub system - CLICK TO EXPAND

    Posted by matt on 11th of Jan 2023 at 09:51 am

    setting this as Sticky for a bit so that it's not buried 

    I came up with a new sub system - I will probably call it Bear Long Bull - and yes that name is a contraction or doesn't make any sense but the reason why is because it's essentially the bear long logic with the bear filter removed and only allowed to take trades when price is above the 200 day MA etc

    the bear long uses a handful of indicators that have to all get oversold at once, and it's not easy for that to happen. Furthermore, whenever these indicators align, a trade is ONLY allowed if price has been below the 200 day MA and the slope of the 200 day MA is negative. 

    I know that getting all those indicators oversold at the same time is not common, and I had the thought: what would the strategy look like if I removed the 200 day MA filter portion - the results are that for the SPY - the number of total trades goes up from 80 to 200!  And the total profit goes up over 50%. See image, I show some trades that trigger on shallow pullbacks in a strong uptrend - these COULD NOT occur when the bear setting is on.

    So, I created a new strategy where I can turn off the below 200 day MA filter and negative slope portion. The reason why I created a new system is because I want to use different settings for the indicators for both strategies. For example, the stats I'm showing here use the same settings across the board - but it makes sense to use different setting for the bear long trigger when price is uptrending in a bull market, vs when price is way below the 200 day MA and you are in a bear market.  Anyway, always cool to come up with a new system that gives additional good trades - obviously this bear long bull would not be able to trigger since price is well below the 200 day MA but in the future we can use it, or use it on other uptrending ETF's

    the images show an example of the bear long bull triggering in an uptrending market, the 2nd image shows the stats of the current bear long, and the 3rd image shows the stats when the bear filter is removed and all trades are allowed to occur - again as I explained above, to me conceptually it doesn't make sense to use the same settings across the board - which is why I created the new strategy and will test it for different indicator settings - generally I'm targeting greater than a profit factor of 10 for strategies we use and hopefully a lot higher than that

    Great develpment!  

    Posted by steverobin on 12th of Jan 2023 at 08:08 am

    Great develpment!  

    Looks good Matt, how the

    Posted by mundy on 11th of Jan 2023 at 03:06 pm

    Looks good Matt, how the heck do you manage this development, trade, communicate and even try to work on a basket of indices  to follow your SPY/ES systems?

    you just outlined my biggest

    Posted by matt on 11th of Jan 2023 at 03:28 pm

    you just outlined my biggest problem, trying to keep track of everything, communicate everything, and come up with new things - need more staff

    Do you have a university

    Posted by DigiNomad on 11th of Jan 2023 at 03:33 pm

    Do you have a university in your area? I started out with Merrill Lynch back in the day as an intern. I literally competed against hundreds of applicants for 3 spots so that I could work for free (and get exposure). It was a great experience.  The tasks you listed above seem perfect for an organized college intern. 

    Details?

    Posted by steveo on 11th of Jan 2023 at 12:49 pm

    Details?

    I added CLICK TO EXPAND

    Posted by matt on 11th of Jan 2023 at 01:08 pm

    I added CLICK TO EXPAND to the condensed title so that it's obvious you click on it to expand

    Click the yellow post above...

    Posted by timebandit on 11th of Jan 2023 at 12:59 pm

    Click the yellow post above...

    click on" I came up

    Posted by srusso1 on 11th of Jan 2023 at 01:01 pm

    click on" I came up with a new sub system" in the yellow post above

    Brilliant!

    Posted by frtaylor on 11th of Jan 2023 at 10:25 am

    Brilliant!

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