hi everyone welcome back to the series ever the tutorials
and a and information on trading systems as well and and that's what this
particular video is actually going to be about
it's going to be about a trading system based on the highest highs
all the lowest lows are so this is a really easy one to do
and how do we start every every trading system we just go to a blank sheet of
paper
its analysis and formula headed up and %uh this gives a cell blank canvas to
work from
so the highest highs and lows lows I mean
this has been used a in for example
you know the highest 52 the 52-week highs
you know you've heard of that surely or the total trading system which was based
on
the Haas hired last 20 days and the low slow the last 10 days
or something similar to that effect I think so
this has a lot of potential and it's a really cool thing to do
how we do the highest highs it every broker
is H HV know if I type in HHV
its it get it turns blue which means that every broker recognizes that
and it also means that we have to open up our bracket and it will tell us what
expects from of so we want the highest high-value
and the arrival what we just want that from the clothes so the closing price
and will make it the last the highest high the last
85 trading days and the clothes that off with
a semicolon and we can do the same thing for the lowest low
which is lowest low value look v
that we go LLV and again it turns blue
so it knows that we know that it recognizes that
and then we open other bracket it's the closing price
and the range will be but whatever we want you know
let's make it 35 days so we don't want it to be quite as long
as our entry criteria other so that's how we set up Haas high value in Los
level you
if we want to turn that into a trading system we just need to turn these into a
raise so that we can reference
lomb and you know they're just like objects so we could call
highest annette
heists the
value and
that now every time that every broker sees highest value
it will return the array that we set up which is really cool
and the neck so we could do lowest value
and give a call that anything that we wanted really
but is just us setting up an object so that we can reference to it in the
future
sorry what we would do that is set up by and
sell signals and move when it turns bold
as would sold before I'll if we type in buying it turns bold
that means that I'm a broker recognizes it and that's a that's a really good
sign for us
so we want a closing price greater than or equal to
the a right that we set up which is the highest high value
%uh the last eighty five trading days and we close that offer the semi-colon
and the cell the cell signal we might want
a closing price less then
or equal to the highest
up to the home the array that we set up before
I good isley know it would help if I get a correct wouldn't it
hmmm so there we go so if we wanted to get rid of lol
any additional signals that we might get we just go
X RAM or remove the excess signals
so for in order for us to have
a ok sorry it turns blue so what does that mean it means that every red
recognizes that
and also we have to open up their bracket so
in order for there to be a by we need there to be a sell signal first
and will do it remove excess signals for Allah
cell signal as well we want there to be a buy signal
first and would just set that up
as el CEL signal and out by signal
so that it actually does get rid of those excess
signals so every time it buys and sells it will
it will remove those excess signals for us
and that's basically our trading system
if we want to just set position said option
we can set up lol our a
position sizing so we'll go max
open positions and I'll show you how to plot this is well really quickly
um will make twenty open positions just and you can change this to anything
whatever you prefer said position
saw eyes and that turns blue as well so that means we open up our bracket
we want the size to be five SPS
purpose stands %uh love
equity and it gives us a clue there in the a.m
in that code there as well and it turns bold so that means is that
any broker recognizes it we close it off with a semi-colon
and the close of a line of code sorry that should basically
give us what we want would just call that the
what we would call that to stir
highest hi
trading food
trading system
that sounds very simple say that their and
that should give us some if we go to analysis
old automatic analysis we are just
pic the one that we wont which is highest
haha I trading system
and we choose our range let's for this sake which is the last 13 years
from 2000 to today just click on that
happy days and you can select to watch list that you want to test
very very simple as well if we click back test then
and then report it should give us the details that we want
are based on this it's giving us and average
annual return of 22 per cent per annum
I'll the win percentage is quite low at 37 percent
and his equity curve Kia
so to quite large drawdowns during 2008 and 2011
but apart from that it performs fairly well you could added index filter in
there to sort of get rid of those
those large drawdown periods potentially so that's one thing that you could
potentially do
%uh really quickly if we wanted to lot this
on outshot let's just go
will go plot and as you can see it turns blue we open up our bracket
we want to put the boss signal and
that buy signal obviously the array
is the highest high value
in fact sorry that's all we need is just the right
so we just want to plot the highest high-value and again if we open up that
bracket it tells us what it's expecting
I'll come back but there we go
a we want the name we can call anything will call it high
we want the cola to be.
color what's a colored grain
but it's the American spelling of course and
style line
the rest we donate some to worry about for the sake of this
close it off with a with a semicolon save it
and then we should be able to actually overlay this
on outshot if I can just find it
highest high trading system and there we go how cool is that
so this then is the highest Highline
of the Lost eighty five trading days as you can see there's actually signal
there
and as it goes along is there would be another entry segal
and again if you check out the video on how to plot things on a chart
we show you how to do the the trading arrows as well if you really want to do
those
and of course we could clock the exit signal at the same time
very very simple sorry that's just a really simple highest high-value
trading system you could use it to sort of support your own trading system
order to help develop your own trading system I would recommend trading it
on its own obviously those drawdowns for a little bit too nasty
for queso for a lot of people imagine anyway I hope that has helped in some
small way
guys have a great day have a great week heavy trading until I see you next time
at bye for now
cast