StockFetcher Forums · Filter Exchange · Catching Bottom with Low Downside Risk<< >>Post Follow-up
Nickster8074
53 posts
msg #109603
Ignore Nickster8074
12/23/2012 9:40:08 PM

This filter is an extreme version of Jayesh Patel's "Reverse" filter from his book, Profit from Prices. I wanted to post it because it's been pretty profitable for me recently using next day open as an entry, placing a stop loss on the low of the trigger day. There are two items I'd like some suggestions on. In the case of several stocks returned when the filter is run, how should I sort them for a bottom-feeding sort of filter like this? Second, a logical exit. RSI(2)>50? Stoch>80? Minor Low? I know that there's quite a few great traders on this site and I'd like to hear your input. Thanks, Nick

Fetcher[
Show stocks where Close gained more than .2 percent
over the last 1 day and low reached a new 1 week low and low
is more than .75 percent below low 1 day ago and close is more
than .2 percent above open and volume is more than 100%
above volume 1 day ago and volume is above 500000 and
close is above 5 and Stochastic %K(12,3,3) is less than 20
]



Nickster8074
53 posts
msg #109604
Ignore Nickster8074
12/23/2012 10:03:34 PM

Ouch! Once I looked back a ways on this filter, I think it may need something else. A risk-on risk-off variable. It seems when times are good, this filter is really good.

StockFetcher Forums · Filter Exchange · Catching Bottom with Low Downside Risk<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus