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To learn more about Amazon Sponsored Products, click here. Klamecki has 15 years experience on Wall Street as a trader, risk manager and financial software consultant for major global financial firms. He has written over 50 financial publications and articles on the topics of trading, technical analysis, risk management and software development. Would you like to tell us about a lower price?
If you are a seller for this product, would you like to suggest updates through seller support? Learn more about Amazon Prime. Build an Automated Stock Trading System in Excel is a step-by-step how to guide on building a sophisticated automated stock trading model using Microsoft Excel.
Microsoft's Visual Basic VBA language is used in conjunction with Excel's user interface, formulas, and calculation capabilities to deliver a powerful and flexible trading tool. The model incorporates both trend-trading and swing-trading features.
The swing-trading feature can be turned on or off, depending upon your investing style. After building the model, you simply import the data you need, run the model automatically with a click of a button, and make your trading decisions. TXT files available on the internet from Yahoo Finance or other provider , or your subscription data service with our without a DDE link.
The model can be used alone or in conjunction with your existing fundamental and market analysis to improve investment timing and avoid unprofitable situations. A separate pre-built Backtesting Model is included by email for historical analysis and testing various stocks and time periods.
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Increase your wealth, while decreasing your risk. Book on sale now! Do you want to learn the basics of bookkeeping but don't have the time to go through a page textbook? This book could be the answer. About the Author Lawrence H. Share your thoughts with other customers. Write a customer review. Rated by customers interested in. Is this feature helpful? Thank you for your feedback.
There was a problem filtering reviews right now. Please try again later. If you Google "vba historical prices yahoo" you will find many examples. It took about 8 man hours to convert it to my needs mostly because I am a VBA novice , but with the analysis in this book and the ability to grab historical data as recent as the last close price, it is finally automated.
No subscription service required. This method wasn't covered well in the book, but automation isn't far away once you build the spreadsheet. I have been using these models manually with very good success. I recommend this book to the everyday investor who is looking to understand how to build and use technicals to make informed trading decisions.
Since building my spreadsheets I've greatly improved my returns because of these factors: I trade more often, I'm more enthusiastic than I was before with these new methods, I make more informed decisions, I am more comfortable with risk because of the knowledge I've gained, and I'm willing to accept a short term gain knowing that I can liquidate and come back in a few days to do it again. Regarding my comment below about the resolution of these models being limited to 1 day, what I've done to overcome this is use phone apps like Etrade's app or Wiki-invest to look at real time stock performance in the morning.
The night before, if I see the stock in a low or oversold position, I know that I should look for gains the next morning. If I see them, I buy. Similarly if a position I'm holding is approaching an overbought state, I'll watch with my phone app through the following day and decide whether to sell. Sometimes I can make these trades with the apps rather than finding a computer to login. The value of these models is I know what to look for in the next trading day to make a decision.
I made a lot of charts from the data and rather than making automated buy or sell recommendations, I can just look at the charts and make decisions that way. After tracking a few stocks you are familiar with, you will quickly learn to "read the signs". It's been one of my best investments. Below is my original review, written when I had been using this book for about a week. This is not a set-and-forget day trading tool.
I was certain I'd be able to write a macro to go to Yahoo Finance and download historical data directly. So far this has not been easy to do. I built the spreadsheet and if I download data manually I am able to instantly assess the close price for the day and determine whether I am in a good position to buy or sell.
I've been manually tracking stocks for months and the techniques in this book have helped me understand how I've made intuitive decisions in the past both good and bad. I am still testing these models against my gut to see how well I am at a predictor, and how much I should trust these tools.
Comparing against my past good decisions, however, if I would have been using this model I would have done better than I did. In practice if you are watching your stocks closely you'll see the price approaching what you think might be a "buy" or "sell" but your model won't tell you one way or another until the end of the day.
So you are going to have to exercise patience. Because it is based on daily data, you have to watch closely to catch the crossing points when indicators first trigger the "buy" or "sell" signal. If you catch them days too late, you'll be on the next trend and you'll have missed the right opportunity to maximize your profits from the trade. You could make your models more adaptive to intra-day prices but you'd have considerably more manual involvement.
The indicators this is using are also a bit too slow to capture minute or hourly fluctuations unless you make your own moving averages with much shorter time spans. I have not yet tested this to see if it is true. I am an engineer and consider myself to be an advanced Excel user with moderate VBA programming knowledge. I have written small macros and used them before, but it is not something I do on a weekly basis. I am still examining the details in this book on how to make data downloading more automated.
As far as my investment experience, I have dabbled in stocks for nearly a decade and I've always been a long investor who waits for a sale on the stock that I think is destined for growth in the coming weeks or months. Sometimes I've beat the market, most the time I've either matched it or been slightly below. I've wanted to become more technical and this book is the perfect first-step down that path. At this point in time I am able to open my spreadsheets at home, download data from Yahoo, and look at my charts manually in about 1 minute per stock and quickly assess whether to buy,sell, or hold.
This is faster than I was before. Once I master the additional steps in this book I should be able to cut that down considerably. Finally, my hunch is that I will have to bite the bullet and subscribe to a data provider like eSignals which is used as an example in the book to get my data.
It doesn't appear that I could use free data sources easily. Was this review helpful to you? Kindle Edition Verified Purchase. Klameci tells you how to build an Excel spreadsheet using his indicators. It's pretty much a "do this, and this, and this" book. He gives you a URL reference to copy the VBA code and paste it in your spreadsheet once you have prepared the cells for his indicator formulas. I could never get the code copied and pasted into my spreadsheet. I was able to copy it from his web site but could never get it to paste into my spreadsheet.More...