StockFetcher Forums · Filter Exchange · Bouncing filter and RSI(2)<10, high ROI<< >>Post Follow-up
shelupinin
120 posts
msg #36343
Ignore shelupinin
6/15/2005 4:17:00 AM

this filter shows stock which are bouncing , RSI(2)<10 filters stock which at the bottom, so there is high probability that it will bounce up

Fetcher[set{ClOp,close - open}
set{x1,clop / open}
set{pct, x1 * 100}
set{y,count(pct is above 5, 20)}
y > 2
and rsi(2) is below 10
and price is above 5
and volume is above 100000
]



Try to backtest this filter with 1% stop loss, without any profit stop and maximum holding perion 1 day. Depending of the time frame of test this filter will show ROI from 400% to 1000%, for example for backtest period from 06/03/2004 to 06/03/2005 the ROI=1052.26% ! Not bad result for filter which uses marginable stocks over 5 USD !!!



StockFetcher Forums · Filter Exchange · Bouncing filter and RSI(2)<10, high ROI<< >>Post Follow-up

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