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Revisit and rehearsal on WETT a.k.a Weekend Trend Trader (WETT)

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bettamania

bettamania

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Following recent reply from Nick regarding (WETT)'s return, I believe majority of people in this forum are walking on the wrong path especially if someone overconfidently trying to decode the system only by reading his material. So, if you pay kindle version or any cheap version & you got a clone which is not necessarily his exact WETT system. I would say " you got what you pay for"!. Further, The reading material is just a reading material and it doesn't say that is the exact system that has been sold on his web site


Let me unpack the system

1 the stock is making 20 high.

This can be C>20High of close or can be C>20days of high or Cross version of aforementioned (despite the fact that the clone version contain the original system DNA and 20 days high is one of a profitable signal IMO)

2. Indicator variables

C>20days average and ROC is >30. I am not a big fans of any traditional oscilators as they are lagging. but when I recheck the recent post ROC20 has delayed the signal on MAH. So there are many selection here such as 20 ema or 20 sma or WMA.

3. As a stock trader we tend to find a liquid stock. what would be the main composition c*v>500K or bigger or the average of c*v at different timeframe at different value



mah

1731392496683.png





zip

1731392389834.png

Above are my quick attempt to emulate the original but again no guarantee as I am still busy with my activity and my work. Hopefully approaching x mast and NY I will got sometime to decompile the system but will not trade this thing.
 
Here is my final version of WETT with dynamic position sizing and risk management is according to my risk appetite. When I pick my candidate I pick it with my own custom McD. I also wish to clarify that this post doesn't intent to compete with anyone and in any forms. This is just my interpretation from the kindle book version that I bought from Amazon

So.......Do you even McD too, Bro?


1756956822676.png


WETT v.5W - Backtest Report
Initial capital100000.00100000.00100000.00
Ending capital29212840.2729212840.27100000.00
Net Profit29112840.2729112840.270.00
Net Profit %29112.84%29112.84%0.00%
Exposure %24.94%24.94%0.00%
Net Risk Adjusted Return %116753.61%116753.61%-nan(ind)%
Annual Return %18.36%18.36%0.00%
Risk Adjusted Return %73.61%73.61%-nan(ind)%
Transaction costs162.40162.400.00
All trades812812 (100.00 %)0 (0.00 %)
Avg. Profit/Loss35853.2535853.25-nan(ind)
Avg. Profit/Loss %55.68%55.68%-nan(ind)%
Avg. Bars Held71.1971.19-nan(ind)
Winners561 (69.09 %)561 (69.09 %)0 (0.00 %)
Total Profit30255311.1030255311.100.00
Avg. Profit53931.0453931.04-nan(ind)
Avg. Profit %84.95%84.95%-nan(ind)%
Avg. Bars Held87.0987.09-nan(ind)
Max. Consecutive21210
Largest win2844006.072844006.070.00
# bars in largest win2882880
Losers251 (30.91 %)251 (30.91 %)0 (0.00 %)
Total Loss-1142470.83-1142470.830.00
Avg. Loss-4551.68-4551.68-nan(ind)
Avg. Loss %-9.75%-9.75%-nan(ind)%
Avg. Bars Held35.6735.67-nan(ind)
Max. Consecutive660
Largest loss-43468.99-43468.990.00
# bars in largest loss660
Max. trade drawdown-436086.34-436086.340.00
Max. trade % drawdown-83.33-83.330.00
Max. system drawdown-292270.25-292270.250.00
Max. system % drawdown-19.24%-19.24%0.00%
Recovery Factor99.6199.61-nan(ind)
CAR/MaxDD0.950.95-nan(ind)
RAR/MaxDD3.833.83-nan(ind)
Profit Factor26.4826.48nan
Payoff Ratio11.8511.85nan
Standard Error3051268.013051268.010.00
Risk-Reward Ratio0.250.25-nan(ind)
Ulcer Index3.053.050.00
Ulcer Performance Index4.254.25-inf
Sharpe Ratio of trades0.800.800.00
K-Ratio0.030.03-nan(ind)
 
Last edited:
when we use fix percentage the return is a lot higher commensurate to the risk. So risk is equal to return. Secondly when we win a lot often more than the loss and the amount that you win is around 20% more I am almost certain that this system give you a good confident in approaching the market
 
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