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Traders' Tips from TASC Magazine
Profit With High Relative Strength Mutual Funds

The article by Gerald Gardner in this issue, “Profit With High Relative Strength Mutual Funds”, has demonstrated how the timing method applied to the correlated mutual funds can maximize profit and reduce drawdown.

Using Strategy Builder, you can create the strategy for the described method.
Entry Long: 
var sma_hotfx:=0; sma_fhytx:=0; vol_fhytx:=0; diffbuy:=0; ext_fhytx:=0; end_var if HISTORYSIZE > 30 then begin sma_hotfx := SMA(C,10); sma_fhytx := SMA(External("close","FHYTX"),20); vol_fhytx:= StdDev(sma_fhytx,20); if (not IsInPosition()) then begin ext_fhytx := External("close","FHYTX"); diffbuy:=(ext_fhytx - sma_fhytx)/(2*vol_fhytx); if (diffbuy > 1) then begin if (C > sma_hotfx) then return true; end; end; end; return false;
Exit Long: var sma_hotfx:=0; sma_fhytx:=0; vol_hotfx:=0; vol_fhytx:=0; diffsell:=0; c_fhytx:=0; end_var if HISTORYSIZE > 30 then begin sma_hotfx := SMA(C,10 ); sma_fhytx := SMA(External("close","FHYTX"),20 ); vol_hotfx:= StdDev(sma_hotfx,10); vol_fhytx:= StdDev(sma_fhytx,20); if (IsInPosition) then begin c_fhytx := External("close","FHYTX"); diffsell:=(c_fhytx - sma_fhytx)/(2*vol_fhytx); if (diffsell < -1) then begin if (vol_hotfx = 0) then diffsell := C - sma_hotfx; else diffsell := C - sma_hotfx/(2*vol_hotfx); if (diffsell < -1) then return true; end; end; end; return false;


Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
Profit With High Relative Strength Mutual Funds
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