Jamie Gritton's MI Backtester

Screen Builder

Build your own screens from Value LineŽ data. Stocks can be selected and sorted using any combination of the supplied data fields, allowing many variations of existing screens, and well as testing completely new ideas.

"Value Line" and "Timeliness" are trademarks of Value Line.

through
Starting in
Holding Period: months
Name:
menu mode trading simulator

General instructions

Run the tester over the specified range of years. Available data runs from 1986 through 2013 for most screens. You may start at any month of the year, but other than January can only run through 2012/2013.

Stocks are picked from the screens every holding period (between 1 and 120 months) and held for that period.

Instead of selecting from the available screens, you may choose to enter codes from any of the backtesters to create hybrid tests. Simply copy the link listed at the top of a run & paste into the form. Also see the backtester code guide.

If you want to simulate actual trading, you can enter more parameters in the trading simulator.

You may give your backtest a name for convenience. If you use this backtest code in other testers, its name will be shown instead of a full description.

Timeliness™ -
more rules

Screen Builder instructions

Screens are built from a series of rules. Each rule is a filter that excludes stocks that don't pass - a stock must pass all rules to be selected. You may start with all stocks, restrict to a selected range of Timeliness™ ranks.

Rules (except optional initial backtest code or Timeliness™) are generally entered as algebriac/programming expressions of Value LineŽ data fields and numbers (and ocasionally quoted strings), with the comparison operators (= != > < >= <=), arithmetic operators (+ - * / **), and parentheses. The boolean operators "&" (AND) and "|" (OR) can be used to satisfy multiple conditions in a single expression. The field (column) names are represented by 3 or 4-letter codes, as explained in this field guide.

Sort rules are entered using the keywords "top" (i.e. descending) and "bottom" (i.e. ascending), followed by a number. Tie-breakers can be included as a comma-separated list of expressions before the "top" or "bottom". You may select a percentage of the current stock list (rounding down), instead of a fixed number of stocks, by appending a "%" to the number.

Some screens are built with fields that don't exist during the entire backtest period. To extend the backtest further in these cases, you can assign replacement values to missing fields. Use the special form "(fld1 | fld2)" to use the field fld2 when fld1 is unavailable. Similarly, you can use a constant when a field is unavailable, e.g. "(fld1 | 0)". Many screens also use total-return fields not available from earlier Value LineŽ data (such as tr4w - Total Return 4-Week), but this is handled automatically from the daily price data.

All this may sound pretty complicated. It is, but not unreasonably so. For example, here's the popular PEG screen. If you can make sense of that, you should be able to build your own screens as well. There's also a simpler method of building (simple) screens using pull-down menus of some fields, and a single comparison or sort operator. Only some fields are available (those that existed before 1997) and no arithmetic expressions are possible. Still, this is sufficient for many screens.