StockFetcher Forums · Filter Exchange · Basic ideas for trend-trading filter...<< >>Post Follow-up
rmenghani
9 posts
msg #44937
Ignore rmenghani
6/14/2006 3:55:51 AM

Hey guys,

I've been a lurker for a longtime, but still a newbie to coding.

I have some ideas and was wondering if someone could put together a filter.

I think it's ideal to trade a stock:

1) With the trend (use a moving average crossover, MACD, or some other indicator) of both the stock and the market (the Nasdaq or S&P). For example, if you're going to trade long on a Nasdaq-listed stock, make sure both the QQQQ and the stock itself are in an "uptrend." Vice-versa for downtrend.

2) Trade a stock that has a high ATR -- you want a stock that is moving. (this should be easy enough). You don't want something like GE which barely moves.

3) Trade a stock that has a very high likelihood of "trendiness." For example - take a look at HANS. When HANS had its runs, it would go up almost every single day. Or TASR. I got in on both of these towards the end of their runs but still made a decent amount because they would just keep running.
(Maybe the ADX indicator for this last approach)? How can we determine a stock that can go on streaks. I want a "streaky" stock.

Is there any way to combine all these 3 ideas into one filter? Also, in terms of entry, I've noticed that in a big-winner, it's best to enter in on pullbacks, such as the 20 day EMA. However, there then needs to be a stop loss limit, perhaps the 30 day EMA (just throwing out this number).

Thanks in advance.


maxreturn
745 posts
msg #44941
Ignore maxreturn
6/14/2006 8:10:14 AM

Hello Menghani. It would be well worth your while to learn how to write your own filters. It's really not that difficult. If a non-programmer like me can learn, anyone can. Take some time to go through the manual and go to Yepher's website...http://yepher.com/stockfetcher/command.html

Take a run at writing your own filter and I'm sure many of us would be willing to jump in and help you fine tune it.


nikoschopen
2,824 posts
msg #44948
Ignore nikoschopen
6/14/2006 12:20:40 PM

rmenghani,

1) You might want to start by defining for us what ure definition of an "uptrend" is. Is it, say, a moving average crossover? Or is it simply a stock trading above particular moving averages, like MA(50) or MA(20)? Or does it make any difference as long as prices are above prices x-days ago?

2) With regards to ATR, it's quite natural for a rallying stock to experience a high ATR. But by how much? Can you clue us in on what you have in mind?

3) It's very easy to state "Trade a stock that has a very high likelihood of 'trendiness'" AFTER the fact, but it ain't so while the events unfold. When things don't pan out as you expect you might rather experience a rude-awakening.


rmenghani
9 posts
msg #44962
Ignore rmenghani
modified
6/14/2006 6:01:27 PM

Okay, I tried to write something. Copy and paste the following:


1 year slope of close above 0
price between 15 and 400
atr(90) above 3 percent
volume > 500000
volume (90) > 500000
do not draw 1 year slope of close
do not draw atr(90)
ADX(14,14) is above 30






nikoschopen
2,824 posts
msg #44976
Ignore nikoschopen
6/14/2006 11:08:02 PM

1) The trend of both the stock and the market in an "uptrend" (i.e. MA(20) above MA(50) which, in turn, is above MA(200))

set{if, count(ind(QQQQ,MA(20)) above ind(QQQQ,MA(50)),1) * count(ind(QQQQ,MA(50)) above ind(QQQQ,MA(200)),1)}
set{then1, if * count(MA(20) above MA(50),1)}
set{then2, then1 * count(MA(50) above MA(200),1)}
then2 is above 0

2) Trade a stock that has a high ATR

atr(90) above 3 percent

3) Trade a stock that has a very high likelihood of "trendiness."

5 day slope of Average CMO(20) is above 0



Fetcher[
set{if, count(ind(QQQQ,MA(20)) above ind(QQQQ,MA(50)),1) * count(ind(QQQQ,MA(50)) above ind(QQQQ,MA(200)),1)}
set{then1, if * count(MA(20) above MA(50),1)}
set{then2, then1 * count(MA(50) above MA(200),1)}
then2 is above 0

atr(90) above 3 percent

5 day slope of Average CMO(20) is above 0

volume > 500000
volume (90) > 500000
do not draw 1 year slope of close
do not draw atr(90)
]




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