vendredi 24 octobre 2014

My First Ever Trading Strategy

Hey ASF!!



I'm a newbie to the market, have been reading up and researching for about a month now and have had a crack over the last two days at a trading strategy and back-testing it for the ASX share market as a mid term strategy (about 1-2 month holds)



If i ever implemented this strategy, it would be manual (not automated trading) as i have technical restricting with my current back-testing platform; i can't figure out how to have multiple stop/closing criteria, thus i have to manually oversee the trade for now.





My scope was broad, Any ASX stock that was:

- at least 100 mill cap

- price > $0.50



Trades capped @ $5000 to increase diversity (i hope it does lol)



Stop loss @ -18% (this is currently my catch bucket for that technical restriction i have)



Date range: 1/10/2013 - 08/08/2014

(i know the data is a bit less than a year, but it's all i could get with my platform)

(any trade with "period end" ends up forcing my trade to close)



Personally, i don't know what a good return is for mid term hold trades, but considering this year has been pretty stale for ASX, my hunch is i'm on the right track? :confused:



What you guys/girls think?



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Cheers,

Joey


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