StockFetcher Forums · Filter Exchange · Looking at this filter<< >>Post Follow-up
jimhsu
14 posts
msg #29277
Ignore jimhsu
10/10/2003 7:08:51 PM

Fetcher[RSI(5) < 10 and RSI(2) < 3
and date offset is 10
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05]

I believe that it is profitable enough to take a look at. ANy comments on how to tweak this?


jimhsu
14 posts
msg #29278
Ignore jimhsu
10/10/2003 7:09:25 PM

Whoops left date offset in there

RSI(5) < 10 and RSI(2) < 3
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05


xplorer
257 posts
msg #29279
Ignore xplorer
10/10/2003 9:52:34 PM

Fetcher[RSI(5) is less than 10 and RSI(2) is less than 3
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05
]








jimhsu
14 posts
msg #29280
Ignore jimhsu
10/11/2003 12:54:45 AM

Check all the date offsets within 7 days. Im getting very decent results. :)


jimhsu
14 posts
msg #29281
Ignore jimhsu
10/11/2003 1:05:05 AM

Observations:

-This works for time spans of less than 7 days (usually).
-Use very agressive stop loss techniques. The best trades usually come when the next open of the bar after the trigger is equal to the previous close or slightly lower. Trades usually go strongly up, goes into a very tight consolidation, or (in a few cases) strongly down.
-If a doji is captured, the odds of a successful trade is increased (quite significantly).


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