StockFetcher Forums · Filter Exchange · Nice Daytrading Short filter - Inertia<< >>Post Follow-up
rwgamer
17 posts
msg #53607
Ignore rwgamer
7/28/2007 1:08:42 PM

Everybody needs a nice short filter about now. Check out this simple filter to show you stocks that are going down and are likely to continue falling:

show stocks where Average Volume(20) is above 500000
abd Inertia(14,10,20) is above 50
and Inertia(14,10,20) has reached a new 6 week high
and close 1 day ago was below open
and close is 15% below open

The more you increase the % close below open, the higher your win ratio increases. Of course, you have less stocks to choose from then. One drawback is that the drawdown is pretty steep. But it backtested well over several time frames using .5% stop, 15% stop loss, and one day hold period. I'm open to suggestions, this is just a strating point.

rwgamer
17 posts
msg #53609
Ignore rwgamer
7/28/2007 1:22:15 PM

I just realized this filter was mostly selecting penny stocks, which are risky. I would add a price filter from 1 to 50.

nikoschopen
2,824 posts
msg #53623
Ignore nikoschopen
7/28/2007 8:43:24 PM

Do you personally daytrade or, better yet, have you daytraded this particular filter? If so, please show me the money.

lockwhiz
206 posts
msg #54651
Ignore lockwhiz
modified
9/8/2007 8:31:01 PM

clickable version of above screen

Fetcher[show stocks where Average Volume(20) is above 500000
abd Inertia(14,10,20) is above 50
and Inertia(14,10,20) has reached a new 6 week high
and close 1 day ago was below open
and close is 15% below open
]



StockFetcher Forums · Filter Exchange · Nice Daytrading Short filter - Inertia<< >>Post Follow-up

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