StockFetcher Forums · Filter Exchange · 5% A WEEK FILTER (BASED ON TRO'S CROCK POT)<< 1 ... 12 13 14 15 16 ... 35 >>Post Follow-up
LebowskiUrbanAchievers
56 posts
msg #88731
Ignore LebowskiUrbanAchievers
2/25/2010 2:16:23 PM

Do your due diligence on these, and feel free to set your limit for purchase lower than the open as some stocks retrace the gap between Friday close and Monday Open.

raviram80
30 posts
msg #88732
Ignore raviram80
2/25/2010 2:26:50 PM

LebowskiUrbanAchievers,

What do you mean doing due diligence? What could be the factors I should be looking at?

Radiomuse
288 posts
msg #88748
Ignore Radiomuse
2/25/2010 6:04:58 PM

Hi Kev - just wanted to share my latest version of this. It's based on 10 weeks, and I'm still experimenting with the weighting schemes for the first 5 weeks and the second 5 weeks - trying to determine exactly what I want to set those at and also the thresholds for passing the screen.

Also thinking about the due diligence issue - other than just looking at simple S/R levels, thinking about maybe looking at a daily or weekly RSI, and not pulling the trigger if it's above certain levels?

Fetcher[/*MEASURE THE DIFFERENCE FROM WEEKLY OPEN TO WEEKLY HIGH*/
set{whiop, weekly high - weekly open}
set{Long_Profit, whiop / weekly open }

/*DETERMINE THE FREQUENCY THAT 5% IS ACHIEVED OVER MULTIPLE TIME FRAMES*/
set{5_1wk, count(Long_Profit > .05,1)}
set{5_5wk, count(Long_Profit > .05,5)}
set{5_10wk, count(Long_Profit > .05,10)}
set{5_nextfive,5_10wk-5_5wk}

/*APPLY WEIGHTING FACTORS*/
set{var1,5_5wk*0.60} /*WEIGHT 5 WK AVERAGE AT 60%*/
set{var2,5_nextfive*0.40} /*WEIGHT NEXT 5 WK AVERAGE AT 40%*/

/*CREATE A WEIGHTED SUMMATION OF STOCK PERFORMANCE (MAX SCORE = 5)*/
set{reward,var1+var2}

/*DETERMINE THE RISK OF TRIPPING A 10% STOP LOSS*/
set{wloss, weekly open - weekly low}
set{max_loss, wloss / weekly open}

/*DETERMINE THE FREQUENCY THAT A 10% STOP LOSS IS TRIPPED OVER MULTIPLE TIME FRAMES*/
set{loss_1wk, count(max_loss > .10,1)}
set{loss_5wk, count(max_loss > .10,5)}
set{loss_10wk, count(max_loss > .10,10)}
set{loss_nextfive,loss_10wk-loss_5wk}

/*APPLY WEIGHTING FACTORS*/
set{var11,loss_5wk*0.60} /*WEIGHT 5 WK AVERAGE AT 60%*/
set{var21,loss_nextfive*0.40} /*WEIGHT NEXT 5 WK AVERAGE AT 40%*/

/*CREATE A WEIGHTED SUMMATION OF RISK (MAX SCORE = 5)*/
set{risk,var11+var21}
set{performance,reward/risk}

set{xrange, weekly high - weekly low}
set{xrange%,xrange/weekly open}
set{AvgRng5, cma(xRange%,5) }
set{avgrng10, cma(xrange%,10)}

add column performance {perf}
add column reward {reward}
add column risk {risk}
add column 5_5wk {5 wk rew}
add column 5_nextfive {6 to 10 rew}
add column 5_10wk {10 wk rew}
add column loss_5wk {5 wk risk}
add column loss_nextfive {6 to 10 risk}
add column loss_10wk {10 wk risk}

/*SCREEN FOR THE STRONGEST CANDIDATES*/
weekly open is above 5
average volume(30) above 500000
and reward is greater than 3.9
and risk is less than 1.5
sort by risk ascending

and draw performance
draw weekly rsi(2)
draw weekly rsi(2) line at 70
draw rsi(2)
draw rsi(2) line at 70
do not draw risk

set{LP%,long_profit*100}
set{LP%1,LP% 1 week ago}
set{LP%2,LP% 2 weeks ago}
set{LP%3,LP% 3 weeks ago}
set{LP%4,LP% 4 weeks ago}
add column lp%
add column lp%1
add column lp%2
add column lp%3
add column lp%4
set{R%,max_loss*100}
set{R%1,R% 1 week ago}
set{R%2,R% 2 weeks ago}
set{R%3,R% 3 weeks ago}
set{R%4,R% 4 weeks ago}
add column r%
add column r%1
add column r%2
add column r%3
add column r%4

add column weekly rsi(2) {Wrsi2}
add column rsi(7)
and add column AvgRng5
and add column avgrng10

/* Global Filter Text */
]



Kevin_in_GA
4,543 posts
msg #88930
Ignore Kevin_in_GA
3/1/2010 2:58:35 PM

Sorry about not posting this week's picks - CYCC (up 2.4% today since the open) and MTG (trading about neutral - still opportunity to get in if you want to).

LebowskiUrbanAchievers
56 posts
msg #89008
Ignore LebowskiUrbanAchievers
3/3/2010 10:13:46 AM

closed my GNVC at 2.57 for a .10/share profit. Noticed it failed and went negative as soon as it hit the upper 100 day linear regression line. I may be able to decipher M4M's cryptic setups and post a graph style on it. Though I will not be able to screen for stocks that fit her profile, as I am not good at writing code. I am a worthless electrical engineer.

raviram80
30 posts
msg #89029
Ignore raviram80
modified
3/3/2010 8:56:36 PM

Hi Kevin,

Did you place the order for these two stocks on Sunday night or Monday morning at the start of the session if you did?

LebowskiUrbanAchievers
56 posts
msg #89060
Ignore LebowskiUrbanAchievers
3/4/2010 10:14:34 AM

You would place the order on Monday, but place your limits to buy at friday's close and then watch it. Could be taking off like a rocket on Monday Morning and you may have to just buy as quick as you can. TOS shows after hours prices, sometimes they indicate a positive start or not. If you see it will start lower then try to buy ASAP on Monday morning to get a good price.

Kevin_in_GA
4,543 posts
msg #89069
Ignore Kevin_in_GA
3/4/2010 11:43:51 AM

Lewbowski is right - use a limit order, and look to see where the stock is trading pre-market if you can. Otherwise, look at the index futures to get a sense of where it might move to at the open.

I am not currently trading this filter. Tied up in other approaches right now (which are less profitable, it turns out!).

raviram80
30 posts
msg #89077
Ignore raviram80
3/4/2010 1:52:46 PM

Lewbowski, Thanks for your reply. I get that

Could you please tell me what does TOS mean?

Kevin,

I am trading these stocks in virtual trading and they are unfortunately not doing well. so not losing real money., but should I look at fundamentals as well of the company and other aspects before thinking of using this filter

Kevin_in_GA
4,543 posts
msg #89180
Ignore Kevin_in_GA
3/5/2010 5:37:21 PM

Raviram:

This week MTG hit its target, and CYCC closed only 0.07 lower (about 3%). If you played both you made money.

Historical returns on this are posted on the first post, and updates periodically throughout the thread. This filter returned 100+% in 2009. Hopefully you did as well.

StockFetcher Forums · Filter Exchange · 5% A WEEK FILTER (BASED ON TRO'S CROCK POT)<< 1 ... 12 13 14 15 16 ... 35 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus