Market Breadth Primer: Advance / Decline Issues Bull Charge (Signal ID: AD Bull Charge)

By Lawrence

Advance / Decline Issues Bull Charge is a day trading model based on real-time advance / decline issues only. It is not only a very consistent mechanical trading model. It is also a very useful trading setup because it helps the traders to realize that the day is different which requires special attention and considerations.

 

Performance

The net gain in dollar chart for the raw model on 15-minute Emini S&P with a single contract. 1 tick slippage is taken into account per transaction (2 ticks per trade). $5 commission is also taken into account per trade (round-turn).

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This version of the model stays in the market 17% of the time with winning rate at 59%. No down year since 1999.

This is the raw model using only the basic setup itself without using stop or target.

The other variations of the model will be discussed below.

 

The Rules

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Comments
  • Jburrows May 17, 2019 at 11:23 am

    Do you start your accumulation for Advance / Decline Issues at market open or do include after-hours?

    • Lawrence May 18, 2019 at 8:57 am

      The advpct used in the backtest here is based on NYSE advance decline issues. In general advpct does not need pre-open info because the opening can drastically change everything.

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