Add additional portfolio backtesting stops and buy conditions for portfolio.
Add a stop parameter to allow for conditional triggers - a 10% daily loss or 10% from the purchase price, 10% off the purchase price or 15% from the previous high or some other combination.
Allow for C/UP, C/DN, UPUP, UPDN, DNUP, DNDN to be additional conditions of buy or sell - ie. only execute the buy strategy during C/UP when the primary wave is UP.
We are planning on adding these Market Timing conditions to BackTester soon.
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Ralph Corey commented
I believe there has already been a request for this but not sure the stop out function is implemented in the way that has been asked, although the response says "planned". There is % gain/loss stop available, but and "OR" capability would be great, i.e., Stop at Trailing Average true range or DEW down as one example. Is this capability being planned?
Thanks - a little confused. -
Eric Majewski commented
can you also try to figure out more options for stop criteria like the unisearch function or something along the lines of MACD or (moving averages on ATR)
price moving average cross overs. in otherwords what we can use to build a UNISEARCH for a buy, the exact opposite conditions should be capable to be used for sells -
Michael Helms commented
Would like to see in both the "other settings"portfolio and back tester, a button that allows the system not to replace stopped out stock if PW or GLB/RT Kicker has signaled the opposite of the C/UP or C/DN.
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Erik Laridon commented
I agree, it would be great to have an OR...OR condition for stops in Backtesting (and Portfolio Genius): e.g. sell when OR "Close Price below half of the profit (when max. profit has reached a certain amount) " OR "REC = Sell"
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Jerrod Mason commented
Don't bother. Far more powerful, and answering many suggestions, would be to have a "Sell Unisearch" as been suggested by several people. Sell a stock if it meets those criteria. No need to clutter up the Backtester interface.
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Peter Tregeagle commented
I would simply like to have the choice of using the moving average of a stock (say 50 day) going below the 200 day moving average as a stop. One can add such selector in a search to choose a stock why not the reverse to sell a stock?
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Ian Reid commented
Timothy, Splendid suggestions. I appreciate VV's goal to simplify both time and effort investing in equities which they achieve with flying colours, however if versatility can be further increased without undue cost or detracting from its high performance and simplicity to use, it adds to an excellent product. Whether or not the variety of stops is expanded, from 10 years of back testing I would love to have the number of stops allowed per back test increased to more than one, even from one to two would be a great improvement, such as both G/L values and RT values simultaneously. Price crossovers with a choice of dma's both up and down would probably increase performance in back testing almost as much as I found 5 years ago switching from 10 to 5 stocks per strategy, especially as a significant increase in gain over a broad spectrum of strategies with the same 10 stock spread if desired can be had by choosing two strategies or cherry picking several to form a portfolio. Ian Reid
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Billy Buser commented
Recent SOTW and Webcasts have suggested using technical indicators, e.g. MACD, MA, to enter and exit positions. Sure would be nice to use same in Backtester and Portfolio Manager.
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eric suss commented
Ditto Frank:
How about also include the other market timing from the home page that you track :
1) MTI
2) BSR
3) RT
4) VV-Price -
Itai Frank commented
How about also include the other market timing from the home page that you track :
1) MTI
2) BSR
3) RT
4) VV-PriceThank would be great.
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Tom Homsley commented
I want MACD crossover (down) as a SELL signal
Also ability to change the signal lengths to e.g. (10,30,4) in MACD definition -
Rob Young commented
Add an option to select whether the stop should look at the intraday price or the closing price. VV6 portfolio uses only the closing price for stops however VV7 looks at intraday. As an example in VV7 If you say to look at the intraday price then sell at that price, VV7 currently signals a sell based upon an intraday price but actually sells at the next days open (or whatever choice you select in your backtest parameters).
This causes differences in results when you backtest the same strategy in VV7 versus VV6. Glen Tomkins Double Ups presentation from 1/21/11 varied by over 10% between VV7 and VV6. VV7 producing lower results because it sold some positions sooner as they hit an intraday high rather than when they closed at or above the stop price.
Giving us the choice of what price to use in VV7 (closing or intraday) and execute the closing trade based upon that parameter would be a good addition to the portfolio backtest tool in VV7. The opening trade would still be based upon what ever criteria you select when setting up the backtest.
Thanks
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John Thompson commented
i have vectorvest 7 with a back test tab and when i follow you instructional video it describes the use of market timing tabs but when i go to the backtest tab they are missing. when i called to find out why the response was you can have it but ther will be an extra charge of $29/month. the back test in my opinion is not wotrh a hoot it. this is the first time i have been dissapointed in vectorvest but the is like indian giving. you should never have shown it in your instructional video and then not make it available. it is sort of like a company that a reputation of paying dividends and the suspending them. ask DR. Diliddo what he would think of that stock and would he recommend selling. well that is kind of the way i fell. should i sell or
continue to recommend vectorvest?thanks john thompson
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William Lockhart commented
The feature I am most interested in is being able to use conditional sells. Sell if trailing stop triggers OR sell if position becomes a VV recommended sell. Using only one trigger to sell a stock is silly.
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Stanley Cornelius commented
I would like to see a backtest stop that triggers if the stock falls below a certain position in the search, id if the stock is no longer in the top 10 or top 15 or 20, then would be sold and replace with the next top stock in the search that is not already held. The would maintain a portfolio of the top stocks or top stocks in a given search.
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Richard Pritchett commented
The first thing I noticed that was missing in VV7 vs VV6 is the portfolio backtest automation which allows me to choose a historical start date and then run, pausing whenever a position in the portfolio hits a stop as it backtests and allowing me to decide to buy to fill stopped out positions or not.I usually make my buy decisions when backtesting based on RT,VVC,and BSR.I would love to see these conditions automated. If that's not going to happen, please at least give the VV7 portfolio backtest the same functionality that exists in VV6.
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Stanley Cornelius commented
yes including breaking below (or above for shorts) a moving average ie 40 day.
test should then sell at that the price of that MA. rather than hold for duration of the test. If the test cannot auto sell the stocks at some parameter, it is not really a valid test.as the stock could have went up for a good profit, down to the MA stop and still sold at a profit, without a stop, stock could continue to go down for a significant loss. -
Robin Ekwall commented
Agree and this should include a portfolio % gain/loss.
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Jim Whitwell commented
Agreed/voted - it would be very nice to be able to include triggers for 'green days only', rather than simply 'buy from search' without regard to whether that days condition is red/yellow/green.
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Connie Muetzel commented
Another idea for stops for backtesting in the Portfolio Manager and Simulator, is the price breaking a support line with the user setting how many days to look back for support.