Click here to Login








Optimizable Fibonacci Long and Short Trading System

by SystemTra.de, 2707 days ago
Share |






This is a Fibonacci Long and Short Trading System based on the Generic Trading System Template I have uploaded a couple of months ago.
It will identify past swing highs and lows and generate a buy or sell signal when a certain Fibonacci retrace level - which can be optimized - was hit. Then on the next bar(s) the system tries to open a limit order at the Fibonacci retrace level.
The system uses a stop loss at a Fibonacci Stop Level and in parallel a profit stop at a Fibonacci profit level. Both levels are optimizable. There is also the option to adjust the stop loss to the high/low of previous bar(s).


Pre-requisites

You need to have the Fibonacci Function installed. This will convert the fibonacci index into a percentage.
Also you need the Swing Point Function (SP) (sp). This will calculate the past local high and low turning points.
Finally you need the "Stop Mgmt" Money Management script. This allows use of exact stop levels.

Note

Please note that the calculation of swing points consumes quite a lot of resources if used over a long period with a lot of symbols. One simulator run over 10 years on the 500 S&P500 constituents takes around 30 seconds on my computer.



I spent a lot of hours on this trading system (primarily not on the system itself but on the underlying functions and scripts) and I hope you like it - you can of course use it as is without any consideration as it is from a user for users - but I would appreciate if you could give some feedback in the forum on the markets you used, how the simulation performed, what Fitness function you used, which parameters worked best and so on. Or if you want to send a bottle of wine - ask support for the address :-)


Share This ->
Share |


You have to log in to bookmark this object
What is this?




Type: Trading System

Object ID: 1162


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Introduction to sentiment analysis applied to the stock market

Fundamental analysis: How to track economic indicators in the Forex market

Forecast volatility using trading rules and neural networks

Inverse Fisher Transform: Indicator, composite and trading system

Detect chart patterns using the auto support/resistance indicator

Getting Accurate Backtesting Results: Survivorship bias-free S&P 500

10 masks to create thousands of rules to use into your trading system

Trading System Analysis: Backtesting report and custom measures

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.