StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 21 22 23 24 25 ... 39 >>Post Follow-up
gabestogie
79 posts
msg #80419
Ignore gabestogie
9/30/2009 9:53:57 PM

Kevin:
Congrats on NUS, another BINGO.
Alos good news on CRGN, I'm in it right behind you, I'll be happy to ring the register at anytime.
Gabe

Kevin_in_GA
4,541 posts
msg #80424
Ignore Kevin_in_GA
modified
9/30/2009 11:48:21 PM

Burns:

I picked that specific timeframe to emphasize that the system will work during rough times (where trailing stops seem to make the most sense). During uptrends the comparison looks similar:

CONFIRMATION BUY WITHOUT TRAILING STOP

Test started on 03/10/2009 ended on 07/10/2009, covering 85 days
Filter used:

close is above close 1 day ago
close 1 day ago was below lower bollinger bands(16,2.5) 1 day ago
close is above 1
and apply to watchlist(IBD1,IBD2,IBD3)
average volume(50) is above 50000

There were 53 total stocks entered. Of those, 21 or 39.62% were complete and 32 or 60.38% were open.
Of the 21 completed trades, 21 trades or 100.00% resulted in a net gain.
Your average net change for completed trades was: 17.38%.

The average draw down of your approach was: -5.43%.
The average max profit of your approach was: 19.92%
The Reward/Risk ratio for this approach is: 0.00
Annualized Return on Investment (ROI): 215.68%, the ROI of ^SPX was: 85.49%.


CONFIRMATION BUY WITH 10% TRAILING STOP:


Test started on 03/10/2009 ended on 07/10/2009, covering 85 days
Filter used:
close is above close 1 day ago
close 1 day ago was below lower bollinger bands(16,2.5) 1 day ago
close is above 1
and apply to watchlist(IBD1,IBD2,IBD3)
average volume(50) is above 50000

There were 54 total stocks entered. Of those, 42 or 77.78% were complete and 12 or 22.22% were open.
Of the 42 completed trades, 19 trades or 45.24%resulted in a net gain.
Your average net change for completed trades was: 1.08%.

The average draw down of your approach was: -5.60%.
The average max profit of your approach was: 10.50%
The Reward/Risk ratio for this approach is: 1.35
Annualized Return on Investment (ROI): 24.93%, the ROI of ^SPX was: 85.49%.

In my view, any good trading system will need to beat the S&P over the timeframe tested, or you should move on.


Kevin_in_GA
4,541 posts
msg #80441
Ignore Kevin_in_GA
10/1/2009 9:40:00 AM

Sold NUS at the open for $18.56. Bought on 8/26 for $17.5.

YIELD: +6.06%

Kevin_in_GA
4,541 posts
msg #80443
Ignore Kevin_in_GA
modified
10/1/2009 9:51:08 AM

Stop limit in for CRGN at $1.50. This is the last day this stock will be traded, after this it is converted to CLDX shares. My thinking is that it is at a reasonable profit, and CLDX was not part of the IBD lists, so it is OK to sell and take the money. Not really violating any of the system rules.

CRGN opened lower at $1.47, so there may be a sell-off this morning and my order might not get filled. Market is down as well, so I may simply sell at the close today if I don't get $1.50.

gabestogie
79 posts
msg #80444
Ignore gabestogie
modified
10/1/2009 9:55:21 AM

Kevin:
Nice play, NUS hit the upper BB and out based on the system.
Gabe

Unbelievable,the dynamics of the market are phenominal. I finally get a winner in CRGN and the market decides to shave some off of me.---LOL

Kevin_in_GA
4,541 posts
msg #80446
Ignore Kevin_in_GA
10/1/2009 10:26:28 AM

Unbelievable,the dynamics of the market are phenominal. I finally get a winner in CRGN and the market decides to shave some off of me.---LOL
+++++++++

Agreed. The data today was, on the whole, pretty good. Yet the market dropped like a stone. With NUS sold, the open trades are, for only the second time, net negative so far today. Hopefully we'll see a turnaround before the end of the day.

I'm sticking with my limit order on CRGN until the end of today - if it does not get filled, I'm selling at the close.

gabestogie
79 posts
msg #80459
Ignore gabestogie
10/1/2009 2:59:30 PM

Kevin:
CRGN seems to be stuck @1.45
Gabe

Kevin_in_GA
4,541 posts
msg #80460
Ignore Kevin_in_GA
10/1/2009 3:42:07 PM

$1.44 actually - I moved my limit order down to $1.45 when it was apparent that this would not be able to swim upstream against the market current. Still unfilled, but hopefully we'll get a hocket stick save toward 3:45 PM that will provide some impetus for the last penny.

Lots of DD to do tonight - the BUY filter pulled up 11 new stocks. Will obviously wait for confirmation tomorrow or Monday on any stock before adding it to the portfolio.

gabestogie
79 posts
msg #80461
Ignore gabestogie
10/1/2009 3:49:11 PM

kevin:
Closed CRGN @1.44 ---6% profit.
Gabe

Kevin_in_GA
4,541 posts
msg #80462
Ignore Kevin_in_GA
modified
10/1/2009 3:52:00 PM

Order filled on CRGN - out at $1.45. In on Monday at $1.33.

Yield: +9.02%

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