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 36 8.9 0.25% 0.32% 1.3% -4.0% -100.3%
SHORT 36 12.9 0.42% 0.56% 4.1% -2.7% -12.1%


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];


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Top 10:

Momentum Oscillator

Company Close Change(%) Volume Value Signal
NMT Neometals 0.22 4.9 812,159 0 NEUTRAL
BSE BSE 0.25 4.2 532,106 0 NEUTRAL
RFG Retail Food 0.14 3.7 89,383 0 NEUTRAL
PNR Pacific Niugini Minerals 0.17 3 1,093,625 0 NEUTRAL
LAU Lindsay Australia 0.37 2.8 40,000 0 NEUTRAL
VCX Vicinity Centres 2.62 1.9 11,016,727 0 NEUTRAL
FWD Fleetwood 1.97 1 22,890 0 NEUTRAL
WLE Wam Leaders 1.16 0.9 785,748 0 NEUTRAL
ARA Ariadne Australia 0.63 0.8 69,512 0 NEUTRAL
QVE QV Equities 1 0.5 320,039 0 NEUTRAL