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NMA Swing System v1.1 for Amibroker (AFL)

4 / 5 (Votes 10)

As the name suggests this is a swing trading system. Usually swing trading is used for forex but this system has been adapted for stocks.

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2 Comments

1. ecki

too many false signals, this system is going to ruin you

it looks nice but it should be implemented correctly. If you add that the signal is only known at the close of the bar you need to use:

Buy=Cover=Ref(Cross(j,nw),-1);
Sell=Short=Ref(Cross(nw,j),-1);
BuyPrice=SellPrice=CoverPrice=ShortPrice=O;

instead of:
Buy=Cover=Cross(j,nw);
Sell=Short=Cross(nw,j);
SellPrice=ValueWhen(Sell,C,1);
BuyPrice=ValueWhen(Buy,C,1);

in fact the shortprice and coverprice are not even defined so it will use default values. It gives you the false hope the system performs fantastically while in fact you will loose bigtime.

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