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adwebster

Rolling Year Records

By adwebster, in Brokers and Data Feeds

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adwebster    10

adwebster
Posted

Hi All,

I am in the process of trying to pick holes in a few approaches I am working on and just wondered if anyone may be able to help me. Basically I'm wondering if anyone has any experiences in trading equities (or equity CFD's) that hit rolling year records, both highs and lows. I'm always listening for what makes a good 'system' and can think of some good points to this type of approach. It follows the trend of both the stock and the market, its simple, it gives me re-entry signals if it hits a new highs/lows after previously being stopped out etc. Am just wondering if anyone has experience using a simliar approach and can anyone think of any other points regarding the approach, both good and bad? All help would be greatly appreciated

Thanks

Adam

 

'He who try to pick bottom get sticky finger' Anon

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adwebster    10

adwebster
Posted

Put simply, the financial paper I read every morning lists all the stocks that have hit a 52 week high the previous trading day. Provided they are in the main index I follow (eg. Nikkei 225, S&P500, FTSE 100 etc) they get purchased the next day, with a tight stop of a couple of %. If they get up by 4-5%, bring the stop up to breakeven and trail a stop from then on. Any thoughts?

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walterw    10

walterw
Posted

Yes adweb, what willd tells you its just about the most reliable method... I do daytrading myself and it works similar, taking the break it self can hurt you, there is a high % probability of pullback to the breaking level, after that a continuation would make it less riskier... cheers Walter.

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