StockFetcher Forums · Filter Exchange · Poll<< >>Post Follow-up
52 posts
msg #47309
Ignore psheridan050
10/4/2006 4:34:49 AM

Iíve seen a lot of filters on this website that work and some that donít work. My question out there to all you StockFetcher fans is this:

Does anyone have a filter that has been back-tested for 4 years (back-tested on StockFetcher twice) and still comes out as a consistent winner?

No one is asking for the filter itself (unless you want to give it out), just

Some additional criteria to include:
Give us an idea of what kind of trading it does (momentum, breakout, etc)?
The price ranges the filter trades (penny stocks, $5.00 - $32.00 range, etc.)
Is it long or short?
How long do you hold it for (if a set period)?
What determines your exit (if willing to divulge)?
What types of stops do you use and amounts (if willing to divulge)?
Do mechanically trade this filter or are you discretionary?
ROI, draw downs, net change,
If your filter doesnít trade well over 4 years, what periods does it work best?
What kind of account size do you use for this filter (if willing to divulge)?
Any other information/descriptions you want to give!

Any and all comments welcome!

195 posts
msg #47310
Ignore traderblues
10/4/2006 7:44:53 AM

Yes, I have one that has an 80% success rate over 4 years, with an average gain/trade of around 10%. Here's proof that it actually does work:

It finds oversold stocks using RSI(2).
No stop loss.
Profit stop of 15%.
Also sell if RSI(5)>75.
No set holding period. They all get sold sooner or later based on above sell rules.

6,358 posts
msg #47323
Ignore TheRumpledOne
10/4/2006 9:06:57 PM

Thanks for sharing.

52 posts
msg #47325
Ignore psheridan050
10/5/2006 8:22:16 AM


Thanks for sharing your filter! I used the information you provided for a back-test and it came out pretty good. I also looked at your stocktickr and you blog. I was curious how you sort which stocks you trade and how many you will trade at a given time. Do you trade mostly penny stocks etc? Thanks.

195 posts
msg #47327
Ignore traderblues
10/5/2006 11:31:14 AM

I'm reluctant to give out any more details. I have other parameters that weed out the stocks further, so I typically only get about 3 or 4 new picks per week.

745 posts
msg #47329
Ignore maxreturn
10/5/2006 12:25:38 PM of the potential problems I see with your approach is in a strongly downtrending market, rsi can get stuck on oversold for quite some time. What are your rules for getting out in these situations?

195 posts
msg #47330
Ignore traderblues
10/5/2006 1:06:27 PM


I assume when you say "strong downtrending market", you are referring to the overall market? I have a couple of signals I follow that alert me to overall bear markets. My plan is during these periods I will scale back on this system, and focus more on my short-selling system. My backtests suggest that I could stick with this system, and it would ride out any bear markets, but I'm not totally convinced of that. During the next downturn, I will paper-trade this and see how it does. I started this in early July, so I wasn't trading it during the sharp drop in May.

81 posts
msg #47343
10/5/2006 10:45:09 PM

Do they have a filter for "market maker" or "specialist".Now thats guaranteed money on a consistant basis......

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