Introduce technicals in the selling criteria in backtesting model, like DPO < 0 and EMA crossovers
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Joel Bobeck commented
Totally agree with all the points mentioned! It would make sense to create stop criteria based on technical criteria. Other systems that allow backtesting account for this...so I've had to rely on them to refine my own systems.
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Siyun Chinn commented
totally agree
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Michael Ellis commented
Hey, y'all. I think you need to buy the ProTrader module to get all the technicals. Only then can you create searches using crossovers and the like.
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Robert Midwinter commented
If you can base your entry point on a criteria, then it should be available as an exit point in back-testing. I am a huge fan of EMA crossovers as buy signals and it sure would be nice to be able to back-test my ideas. As a side item: This idea was first brought up FIVE AND A HALF years ago by Mr. Kennedy - is anybody looking into it?
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TREVOR SOLOMON commented
EMA,MA and WMA crossovers are essential indicators to watch for exit timing and would be of significant value in the backtester and portfolio management tools.
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Steve Bogart commented
I'd like to see the following Stop Criteria added:
5 day MA (RT) = 40 day MA (RT).This looked effective with the new Midas Touch Watchlist SOTW.
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Shawn Turner commented
I think adding technicals to the stop criteria would radically improve the ability to find trading strategies that are based on technical trading. If I am backtesting with a long strategy based on Stocastics crossing over 20, for example, I would want to base the stop on the downward 80 crossover.
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Lisa Holt commented
Also add a MACD crossover
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Lisa Holt commented
I would also love to see RSI and SO crossovers added to the Stop criteria.
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Joachim Kiener commented
completely agree,,,,,,the rationale of protrader is trade entries based on technicals...the current backtest stops are quite useless in defining trade exits
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Helen Chanler commented
If you use the DEW system, then exiting is just as important as initiating positions. The Protrader system needs to be incorporated into the backtesting sell/stop criteria . RT < 1 is not the same.