July 13, by JB Marwood. So far I have screener more than happy with that decision. Finviz has been one of my favourite trading tools for some time. Finviz Elite offers the same powerful functionality with added finviz features.
It allows me to save screens as presets, load them up at any time of the day and quickly eyeball useful trade setups. It saves time and serves as a great way to find trade ideas. You can screen and rank on a huge number of filters and also export the data into Excel which opens up all sorts of possibilities as well. Although I mostly signed up for the live data and the screener, the Finviz backtesting feature adds a lot of additional value.
As an example, I created the following strategy based on the Money Flow Index indicator. The whole process took just a couple of minutes. This suggests the stock is oversold. You can also add in stop losses here but for this example no stops are finviz.
You can read more about it here. As you can see, the money flow index system has performed extremely well since so this might be an finviz that is worth exploring further. I can now run some very quick screener tests and if I find something useful I can take it into Amibroker and forex it further there.
What are you thoughts on the Finviz backtester? What strategies would you like to test out? Just enter your email address below to download all.
Unsubscribe at any time. At the moment you can only backtest on US stocks so no bonds, futures or ETFs. The backtester is good for testing simple ideas using technical indicators. If you are interested in ETFs,one forex option is ETFreplay. Also, take a look at Quantpicker. Subscribe to screener mailing list.
Notify me of follow-up comments by email. Notify forex of new posts by email. JB Marwood is an independent trader, educator and writer specialising in trading systems and stock trading.
He began his career trading the FTSE and German Bund for a trading house in London and now works through his own company. He also writes for Seeking Alpha and other financial publications. Nothing on this site is to be construed as personalised investment advice.
Please see the full disclaimer. Latest Charts Amibroker Systems Research Tools I Use Brokers Blog About Amibroker Book Free System Top Posts.
Filters on the Finviz screener. Setting up forex backtest. See More Posts Like This One Top 10 Free Trading Tools For Online Stock Trading And How To Use Them Monte Carlo Analysis Finviz Trading Systems Screener The New Stock Charts Feature A Look At Dough Options Forex From Tastytrade Motif Investing Review Quantpedia Review: Free My Course On Stock Market Trading Learn how to trade stocks online free 6 Free Stock Market Courses For Beginners Online Where to get historical finviz market data for Amibroker.
Bobby July 16, 5: JB Marwood July 16, 5: Leave a Reply Cancel reply Name Email Website Subscribe to the mailing list Notify me of follow-up comments by email.
Classic Trading Books That Inspire New Ideas. My 4 Best Intraday Trading Techniques. Ultimate Guide To The Boy Plunger. Testing The RSI 2 Trading Strategy. My Screener 5 Ways To Learn Amibroker.
Five New Trading Systems.