StockFetcher Forums · Filter Exchange · Heres a Penny stock filter that will blow your mind!!!<< 1 2 3 4 >>Post Follow-up
riggs
313 posts
msg #40599
Ignore riggs
1/22/2006 7:21:05 PM

Found this that "Holy Grail" wrote some time ago, but never got the respect it deserved. Seems to be a great 10-15 day filter. If you like Penny's, you'll love this filter...


Fetcher[set{ae5, atr(5) / ema(5) } and average volume(10) is above 50000 and close below 2 and ae5 above 0.14 and rsi(2) below 10 and weekly rsi(2) below 33 offset 10 days]






guru_trader
485 posts
msg #40608
Ignore guru_trader
1/23/2006 4:56:07 AM

What would you recommend as an exit filter for backtesting this type of trade strategy?


nikoschopen
2,824 posts
msg #40623
Ignore nikoschopen
1/23/2006 2:59:25 PM

GT,

Don't be too surprised if he were to answer ure question with "it ain't what you backtest, it's how you backtest" (or the like). Hehe...


riggs
313 posts
msg #40627
Ignore riggs
1/23/2006 3:46:05 PM

Mikocockpen -

Stick to cut n pasting everyone elses e-books, because comedy is not your thing at all. HeHeHe...


RIGGS


nikoschopen
2,824 posts
msg #40632
Ignore nikoschopen
1/23/2006 4:32:18 PM

Riggs,

Common decency dictates that one should always return the favor in kind, but I'll refrain from personal attacks. I need only mention that if I'm cutting/pasting other's e-books (which I explicitly acknowledged), you're cutting/pasting other's filters. Nevertheless, I look forward to more of your filters. BTW, did you think I was being funny?


riggs
313 posts
msg #40633
Ignore riggs
1/23/2006 4:57:06 PM

Mikocockpen -

"BTW, did you think I was being funny?"
______________


Noooo....I think you were TRYING to be funny. Again, less entertainment, and more pasting! LOL....


RIGGS.


riggs
313 posts
msg #40650
Ignore riggs
1/23/2006 8:48:50 PM

GURU_TRADER -

That "backtest" feature is there for a reason. Don't let ANYONE discourage you from using it! Believe me, THEY are using it themselves just as much as you are. And you're so right, it does make fetching fun!


RIGGS.


updown
18 posts
msg #40699
Ignore updown
1/25/2006 5:45:50 PM

do you have any other penny stock filters?


guru_trader
485 posts
msg #40647
Ignore guru_trader
modified
1/26/2006 4:24:20 AM

That may be, but I've been learning to work with the backtesting feature on this site and it has a lot more potential than I originally thought.

Note: Backtesting is definitely not a way to trade since it involves "curve-fitting" but it can be fun tweaking the results.

So far, I have tweaked the backtest of "Rigg's Penny Stock Filter" using TRO's RSI exit strategy over the last two years and here are the results:
2004-2005 = 1200.92%
2004 only = 1022.18%
2005 only = 1323.45%

Keep in mind, this is for "Entertainment Purposes Only" and I doubt I would have taken many of the risky trades this filter would have recommended.



riggs
313 posts
msg #40762
Ignore riggs
modified
1/28/2006 7:07:23 PM

Fetcher[close 1 day ago is more then 3% below the open 1 days ago and close is more then 3% below the open
and close is below 3
and closed below lower bollinger band
and date offset is 15
]










StockFetcher Forums · Filter Exchange · Heres a Penny stock filter that will blow your mind!!!<< 1 2 3 4 >>Post Follow-up

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