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Buy low, Sell High

by suresh, 3361 days ago
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This system is a very frequent trading system. The basic is as follows:

1. The system purchases stocks at the limit price based on the previous day.
2. If the trade is executed, the stock will be sold at the limit price of high the following day. If not successful, attempt again with the new limit price, continuing for 3 days.
3. If still not successful, sell it after 4 days at market.

Since this system can generate 100s of limit orders on a daily basis and few would be executed (based on your holding pattern), I have ranked the stock based on ATR/close. In order to not get impacted by thinly traded stocks, I limit the symbols to stock in large cap indexes only.

This script also uses comp function to further limit the selection to the top 20 ranked stocks based on the ATR/close. I feel comfortable having 20 limit orders a day.




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Type: Trading System

Object ID: 659


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Market: All

Style:
Technical Analysis

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Technical Analysis


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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.