StockFetcher Forums · Filter Exchange · 52 week high friday trade<< >>Post Follow-up
hmsb4494
62 posts
msg #120355
Ignore hmsb4494
6/2/2014 11:25:30 AM

Only 3 rules (1 buy rule and 2 sell rules)

Buy rule: Buy stock on Friday if at or very near (within 3%) 52 week high

Sell rule 1: If stock opens down on Monday sell immediately

Sell rule 2: Sell stock on open Tuesday

Anyone know how to backtest this?

Just eyeballing some looks promising



compound_gains
152 posts
msg #120365
Ignore compound_gains
6/2/2014 3:12:21 PM

A quick filter for eyeballing results...

Fetcher[
not etf
not otcbb
close 2 days ago between 3 and 25
count(volume > 150000, 60) 2 days ago equals 60
set{chk, close / 52 week high}
chk 2 days ago >= .97
add column chk
sort column 5 descending
set{op, open 1 day ago / close 2 days ago}
add column op
set{hgh1, high 1 day ago / close 2 days ago}
set{day2, open / close 2 days ago}
add column op
add column hgh1
add column day2
]



1. Start on a Tuesday and then you can skip back a week at a time, adjusting for holiday days here and there, to get an idea of results.
2. Even using the price and volume controls I did you have a lot of hits each week (550+), so how would you narrow that down to the best prospects?
3. Using a descending sort on "chk" which puts stocks at their 52 week high at the top, the returns look to be pretty small. What gave you the impression this had some potential?


mahkoh
888 posts
msg #120371
Ignore mahkoh
6/3/2014 2:58:24 AM

set{chk, close / 52 week high}

should be

set{chk, close /high 52 week high}

which narrows results on 6/2 down to 66.

But I believe the generally accepted approach wolud be to trade the breakout rather than anticipating it.

compound_gains
152 posts
msg #120373
Ignore compound_gains
6/3/2014 2:50:48 PM

Fetcher[not etf
not otcbb
close 2 days ago between 3 and 25
count(volume > 150000, 60) 2 days ago equals 60
set{chk, close / high 52 week high}
chk 2 days ago >= .97
add column chk
sort column 5 descending
set{op, open 1 day ago / close 2 days ago}
add column op
set{hgh1, high 1 day ago / close 2 days ago}
set{day2, open / close 2 days ago}
add column op
add column hgh1
add column day2
]



Are we talking
Fetcher[add column high 52 week high]

or
Fetcher[add column close 52 week high]

?

Either way, still too many hits to work with and the returns don't look to be anything worth writing home about. JMO

StockFetcher Forums · Filter Exchange · 52 week high friday trade<< >>Post Follow-up

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