What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Momentum Oscillator



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 24.6 0.40% 0.60% 13.5% -3.8% 43.6%
SHORT 15 30.3 0.67% 1.43% 7.8% -3.1% 55.8%


Technical Analysis

Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.

Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];

PROFILE: Macmahon (MAH.AX)

Stock Exchange: ASX
Company: Macmahon
Ticker Codes: | MAH.AX | ASX:MAH |

About Macmahon (ASX:MAH):

Macmahon Holdings Limited provides contract mining services to clients in Australia, New Zealand, South East Asia, Mongolia, and Africa. The company operates in three segments: Surface Mining, Underground Mining, and International Mining. It offers surface mining services, including mine planning and management, drill and blast, bulk and selective mining, crushing and screening, train loading, mining equipment usage, and mine management. The company also provides underground mining services, such as underground development and production, portal establishment, raise drilling, cable bolting, shotcreting, remote shaft lining, production drilling, and shaft sinking services. In addition, it offers engineering electrical, fabrication, infrastructure construction, and mechanical services; underground pumping and infrastructure construction services; and emergency egress systems, and conveying, crushing and materials handling systems. Further, the company provides complete on-site maintenance and plant management support services. Macmahon Holdings Limited was founded in 1963 and is headquartered in Perth, Australia.

Top 10:

Momentum Oscillator

Company Close Change(%) Volume Value Signal
NZK New Zealand King Salmon Investments 2.2 5.3 8,766 -0.39 BEARISH
HUO Huon Aquaculture 4.7 4.4 14,880 -0.08 BEARISH
VRL Village Roadshow 4.02 4.4 636,398 -0.96 BEARISH
VGL Volante 3.64 3.1 46,740 -0.32 BEARISH
CIM Cimic 28.88 3 1,361,103 -0.07 BEARISH
MDC Mcconnell Dowell Corporation 0.35 3 134,368 -0.03 BEARISH
ISD Isentia 0.29 2.5 68,909 -0.01 BEARISH
JHC Japara Healthcare 1.02 2.5 302,742 -0.02 BEARISH
SOM Somnomed 2.91 2.5 8,890 -0.03 BEARISH
GTN GTN Resources 0.84 2.4 837 -0.02 BEARISH