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View Full Version : Is this already created in excel or something I could use?



AlexSomov
05-18-2016,
I am new to posting in here so I apologize if I have not read through the hundreds if not thousands of other posts and comments.

I am looking to find out if anyone has created an excel sheet that has the following series of information ( I have found one showing the RSI, Bollinger bands and CCI) in excel, but I am looking to find out if it is possible to find the the patterns created and identified by thepatternsite.com , with the ability to use with additional indicators a conditional format to buy or sell based off additional conditions.

Basically what I'm looking for is something I can't get out of my head which I posted on linkedin:

https://www.linkedin.com/pulse/break...spock-articles (https://www.linkedin.com/pulse/breakout-consolidationtheory-formula-question-david-clemons?trk=pulse_spock-articles)

I want to trade, but I don't feel comfortable trading, until I can backtest my theory of different ifs, ands, ors, and/or buts concept effectively.

Perhaps I am just being lazy and not wanting to put in the time to reverify what I know by learning how to code (how long does this really take to learn effectively?), and prove my strategy to be effective without major losses then able to produce a template that becomes an autobot for me to buy and sell based upon pre-conditioned requirements I have established?

AngDype
05-19-2016,
My main problem is I don't know how to code and feel overwhelmed and frustrated by no one around me able to walk me through the process or I get too many distractions and I fail to figure anything out to test.

I am looking at sites like thepatternsite.com, and books like "Getting started in candelstick charting" by Tina Logan and would love to try to connect the implications of doji hammer, and other highly profitable found candlestick patterns with ma 50, 100, 200 or well you get the idea, using other indicators like self-identified supply and demand consolidation breakout zones and other methods.

I am 100% confident my method is fool proof (until proven otherwise which then, I would then re-look to add or change other conditional formating requirements to buy or sell.)

I'm not promsing big bucks every trade, or a high frequency of trades as long as each trade is profitable which would be my overall goal with minimal unrealized loss potential in each transaction

AmandaSa
05-19-2016,
Thank you for the reply, however I'm looking to create it myself, I just if anything would like to get some idea of what sites (applications) to use to create this...

Maybe it is just me, but I don't see the logic of paying someone to code for something the code is suppose to be profitable.

Either the coding is flawed, or the method is flawed and needs to go back to rout 1 again to retest and reformulate the right answer.

aqeginili
05-20-2016,
I've done a lot of excel work like this.

You'll need to be good at excel and eventually excel vba...and have a programmer's mentality. Everyone doesn't have it.

You'll also have to properly define your candle sticks. All hammers aren't of the same proportion nor size, etc. Some proportions may work better than others. How will you know.

Which parameters will you use for the other indicators. Are you going to assume the standard parameters are best, or are you going to code additional programs to backtest them individually to see how they perform.

How will you recognize and deal with curve-fitting.

admin
05-21-2016,
You should be 100% confident that you don't know if it'll work, until proven to work.

I recommend learning excel and the excel solver. Build a sheet using EOD historical data and a SMA of a variable parameter setting. Build the sheet such that it will track a simulated balance that is altered by simulated trades generated by the SMA crossover.

Use solver to find the optimal SMA parameter (profit-wise). Carefully inspect the results. Note periods of losses, or lack of gains.

Expand the sheet by adding another SMA or another indicator.

If you can do this, you can probably morph it into whatever you're trying to accomplish.

As things get more complicated, if they get more complicated; you'll probably want to learn to code with excel VBA.

Tutorials are everywhere on the interwebs if you are truly interested in learning.