Hi , as a quant who has traded these sort of strategies , I would like to ask have you backtested such a recommendation and can you provide an idea of what to expect ?
The reason I mention this is because I think you will be surprised with the results .
Especially trading from the short side
ALSITRADER
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@gadi6c6ce93ce8f9454b, No I have not, just wrote this script I'm more discretionary trader and this will help me to find weak indecies on JSE.
gadi6c6ce93ce8f9454b
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@ALSITRADER, ok great it’s very nice and neat . I fully believe in buying stocks at new highs .but regarding trading from the short side . Trading individual stocks and index’s that have shown great weakness from the short side is a fair bit more difficult and has much lower success . Sometimes the weakness is a good sign to stay away and save some some capital. While waiting for a reversal to go long or for the bear market to end. It can be done but my point is it’s just not nearly as easy as using the same methodology from a long point of view . Anyways thanks for your posts , I do follow you and enjoy your ideas . All the best
The reason I mention this is because I think you will be surprised with the results .
Especially trading from the short side