Ranking system (buy top ranked 10 stocks and sell when it falls below some rank)
Author: newengwong
Creation Date: 12/18/2008 4:03 AM
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newengwong

#1

12/18/2008 4:03 AM

Is it possible in wealthlab to create a ranking system?

e.g. given the buy rules, and the backtest would buy the top rank 10 stocks daily, and sell the stock that fell below some pre-set rank.

thx
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Eugene

#2

12/18/2008 4:19 AM

Have you seen the RSI Rotation strategy from the Symbol rotation folder?
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newengwong

#3

12/18/2008 10:55 PM

No. I haven't as I have not got WL5 yet.
Does the strategy do what I describe above?

thx
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Eugene

#4

12/19/2008 1:35 AM

Yes.

BTW what could stop from taking a free trial? Nonetheless, this concept is implemented in WLD since 2002 as you can see by the following link:
Performing Symbol Rotation in a ChartScript
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newengwong

#5

12/29/2008 2:45 AM

The symbol rotation only use RSI to sort the stocks. Is it possible to use some weighted average of 2 indicators. e.g. close/sma(50), EPS growth, to sort the stocks?

thx
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Eugene

#6

12/29/2008 2:56 AM

Yes, it's possible to substitute RSI with another data series. Technically, it's a matter of replacing the following line:

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