tradersams blog

SystemB has evolved since I went into hibernation.

System B is a short term breakout trading system based on weekly charts.  I have coded the weekly search using Amibroker.  The search then locates a number of candidates, which I select from based on visual clues, typically looking for some kind of recent breakout.  The universe for SystemB is open to ASX and the US, however I am generally only tracking ASX… this may of course change from time to time.

I am tempted to run it against the Singapore and Nifty stocks – but I haven’t got to that yet.

This system is intended to work in all market conditions, however clearly many are found during times of market growth, and a much smaller number in sideways periods.  I look for short entries, but I have a bit more coding (as of March 2012) to get to where I am happy.

The candidate lists are typically generated on the weekend, however I may not take an entry until mid week.  Exits are taken based on stop loss, or loss of momentum (my formula).  System exits are interpreted on fridays close, however I may not enact them until late the next week – making it a discretionary element.