StockFetcher Forums · Filter Exchange · My favorite Filter<< 1 2 3 >>Post Follow-up
Mactheriverrat
1,328 posts
msg #128081
Ignore Mactheriverrat
4/20/2016 9:36:46 AM

That's how one gets started posting filters- Now the fun starts when one comes up with other ideas to add or take away

irishpitbull
46 posts
msg #128084
Ignore irishpitbull
4/20/2016 12:29:05 PM

For me, It all comes down to time-frame and draw-down acceptance.

My trades are a week or 2 with less than a 4% DD and minimum 5% profit target. This is how I make a living so buy and hold is a none starter for me.

I also think a single filter in not the answer, I use 3 that are built around a system. Not all setups work in every market type, also shorting should be used as regularly as going long.

Just a little background, I continually beat the market year after year and avg 7%-10% my book each month pretty easy with a stress free system.

Here is a filter use alot.

price is above 20
ema(21) crossed above ema(30)
ema(30) is above ema(50)
ema(50) is above ma(110)
ma(110) is above ma(200)
volume is greater than 300000

graftonian
439 posts
msg #128085
Ignore graftonian
4/20/2016 12:57:07 PM

IPB, Thanks for the filter, will play around with it. If I could make 7-10% per month, I'd be dancing a jig(if I could dance).

fotchstecker
158 posts
msg #128096
Ignore fotchstecker
modified
4/21/2016 3:46:47 PM

Irish, can you detail how you actually execute trades? Market on open? Limit? This is the kind of information that is sorely lacking throughout stockfetcher. What starts out as a good probability scenario can be completely negated without an effective execution system. I nearly never hear folks on SF talk about how they real-world implement their setups. Thanks.

graftonian
439 posts
msg #128099
Ignore graftonian
4/21/2016 5:46:43 PM

This filter (I call it Calvins favorite for lack of a better name) seems to be doing OK, at least in the short term. 13% on GPL yesterday and 16% on BCEI today. I am sitting on GLBL and XCO, with an after hours order in for VIAB. Only time will tell. By the way, I am a newby and any comments to help me along are welcomed

irishpitbull
46 posts
msg #128100
Ignore irishpitbull
modified
4/21/2016 8:03:52 PM

Sure no problem. Here is 1st one that triggered this year, during a really rough trading period. 8% in 3 days after it triggered. I think I covered everything in the chart. I usually take the 5 day low as the stop. It's subjective but works really well.

https://www.dropbox.com/s/26byie1v63uupp7/cor.PNG?dl=0

SAFeTRADE
413 posts
msg #128101
Ignore SAFeTRADE
4/21/2016 9:08:50 PM

When you say ATR 3 on scanned day how many days ATR. ATR(10), ATR(20) etc. What Day ATR

Thanks

irishpitbull
46 posts
msg #128105
Ignore irishpitbull
4/22/2016 7:26:30 AM

The standard ATR(14).

SAFeTRADE
413 posts
msg #128106
Ignore SAFeTRADE
4/22/2016 7:49:34 AM

Thank you for your quick response. ATR(14) * 3.

Safetrade

irishpitbull
46 posts
msg #128107
Ignore irishpitbull
4/22/2016 8:28:32 AM

You could add this to the filter and get a stop and profit target column added.


set{ iTargetPrice , ATR(14) * 3 }
set{ Target , itargetprice +high}
add column Target
set{ iStopPrice , close * -.07 }
set{ Stop , istopprice +close}
add column Stop
set{B, Target}
set{A, high}
set{C, B - A}
set{Profit, C/A}
add column Profit

StockFetcher Forums · Filter Exchange · My favorite Filter<< 1 2 3 >>Post Follow-up

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