This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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The Industry relative strength trading system is a basic trading system that shows you how to create a strategy by comparing a stock performance with its industry performance.
The strategy uses the "IndustryIndex" custom function (It can be downloaded here: Industry Index Name) to get the ticker symbol of the analyzed stock's industry. It then gets industry time series, calculates one month performance and compares it to the one month performance of each stock. A buy entry is initiated when the stock outperfom its industry.
A ranking system was added to this strategy so that only the top 20 stocks that are outperforming their industries are bought. Positions are sold after one month using a 25-bar stop.
Industry data can be downloaded by using the following item: Industry Market Data. This item downloads historical quotes for more than 90 industries.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.