StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 4 5 6 7 8 ... 39 >>Post Follow-up
chetron
2,817 posts
msg #79122
Ignore chetron
9/12/2009 2:51:09 PM

PLEASE NO RATE HIKE TALK


TIA CHETRON

campbellb75
101 posts
msg #79123
Ignore campbellb75
9/12/2009 3:20:29 PM

Kevin-
Thanks for sharing this strategy. I'll run some backtests this weekend and hopefully will have more insight to contribute. When you ran your backtest (for example, the last one you posted starting on 5/8/09), were you using the current IBD100 list or the list from 5/8/09? Thanks.

jnafach
74 posts
msg #79125
Ignore jnafach
9/12/2009 3:48:49 PM

For some reason I am using Kevin criteria and getting 154 trades (16,2.5 strategy) , ofthem 73% were complete, also my question when it close above the band do you sell the open next day ( ai am not sure if the back testing do that)

Kevin_in_GA
4,548 posts
msg #79127
Ignore Kevin_in_GA
modified
9/12/2009 5:09:55 PM

For some reason I am using Kevin criteria and getting 154 trades (16,2.5 strategy) , ofthem 73% were complete, also my question when it close above the band do you sell the open next day ( ai am not sure if the back testing do that
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

1. Please check your exit criteria. I do not use any stops at all in the backtest (no stop loss, no trailing stop, no profit stop.)

2. I only hold 50 trades at any time (versus the default 250). Only 10 trades per day (versus the default 25). I do this for money management reasons - no more than 2% of my trading capital in on any trade.

3. Stocks are selected by volume descending (default).

4. Sell is at the open on the next day (that is the default). Same thing for the Buy.

gabestogie
79 posts
msg #79135
Ignore gabestogie
9/12/2009 11:24:39 PM

Kevin:
I beleive I got it. I downloaded the IBD stocks and then ran a scan. I came up with the same two stocks for Friday that you did.
I'll keep looking over your shoulder for awhile being a newbie to the SF members.
Have a great wk.
gabestogie
PS: feel free to call me gabe

Kevin_in_GA
4,548 posts
msg #79157
Ignore Kevin_in_GA
9/14/2009 12:34:26 AM

Going through the IBD1 list of stocks, a few no longer are at 90 or above - I combined an older list of the top 100 (from 4/8/09) and I'm guessing that by now some of these have fallen by the wayside.

Please remove the following from your IBD1 list:

AAON AAP ACAD ACM AFSI AIPC ALGT AMAC APEI APOL ARQL ASCA ASGR AZO BBBB BCPC BKE CAB CCK CELG CKXE CNC CORE DKS DLB DM DMND ENSG EOC EPIQ ESI EW FCFS FDO FLIC


Will review the other two lists tomorrow - I want to keep these updated at least monthly from now on. I am keeping the cutoff here at 85 for now, until I can add new stocks into the list.

Thanks, Kevin

gabestogie
79 posts
msg #79194
Ignore gabestogie
9/14/2009 2:17:41 PM

Kevin:
Ran the scan @ 2PM and it gave me one stock (BGS). Not buying just practicing, was I correct?
Regards,
Gabe


Kevin_in_GA
4,548 posts
msg #79209
Ignore Kevin_in_GA
9/14/2009 3:12:32 PM

Kevin:
Ran the scan @ 2PM and it gave me one stock (BGS). Not buying just practicing, was I correct?
Regards,
Gabe
+++++++++++++++++++++++++

Correct. However, BGS announced that they will be selling 9 million shares of common stock in public offering sometime this week. The sudden drop in price is (I guess) related to that. The exact price of the new offering is not known yet, so people are bailing out with what profit they have made already.

Current IBD rating on BGS is 89.

I would guess that the price tomorrow will be lower than the close today. I'll keep an eye on this one, as will you I'm sure!

Kevin

Kevin_in_GA
4,548 posts
msg #79218
Ignore Kevin_in_GA
9/14/2009 3:42:05 PM

Well, I did not buy AAP this morning. Probably should have (it opened at $38.92 and is currently at $39.73, a gain of 2% today).

AAP, a member of the IBD top 100 earlier this year, had its rating drop below 85 this week, so I passed.

Even lower ranking stocks seem to do OK using this pullback strategy.

Example - Acorda Therapeutics (ACOR) has an absymal ranking of 17. As a result of not updating the watchlists, I bought this one (you can see it is part of the current open trade portfolio). Good thing though, since it is up almost 10% so far.



xxcheck
53 posts
msg #79234
Ignore xxcheck
modified
9/14/2009 4:58:55 PM

Hey Kevin. Went in UNFI this morning up 1.5%. Didnt trade AAP Thanks

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