StockFetcher Forums · Filter Exchange · Putting the squeeze on the stocks can work well<< >>Post Follow-up
169 posts
msg #51136
Ignore betyerbottomdollar
4/15/2007 6:02:03 PM

No, I don't have a life.

I spent my entire Sunday playing around with different screens based on the bollinger band squeeze (sorry God, maybe I will make it to church next week). After loads of subtle tweaking I came up with a screen that returned 82% winners from 15 April, 2005 to 14 April, 2007. I have to say, I am happy with the results, but is the true measure of a screens success in the percent of winners to losers, the Risk/Reward (2.31) or the ROI% (28.43%)? Of course, the ultimate way is to put my portfolio on the line but I would like to spend a few more Sundays studying this before I throw my hard-earned cash into the markets.

What do you guys (and gals) think? And do you have any screens that trump mine? And suggestions will be greatly appreciated.

show stocks where Bollinger Width(20) reached a new 6 month low
and draw Bollinger Band(20)
and Volume increasing for the last 4 Days
and EMA(100) increasing for the last 2 Weeks
and Close above 50
and average volume(10) is above 100000

60 posts
msg #51144
Ignore durgin
4/16/2007 8:30:46 AM

Don't you mean "Close above 5"? Even with 5 -- you only get a few stocks.

169 posts
msg #51164
Ignore betyerbottomdollar
4/16/2007 6:46:51 PM

Nope, close above 50. The two-year time frame traded only 22 stocks closing above 50 for an 82% win rate (that is less than one stock a month). BUT if you are putting your entire portfolio on the line each time you trade, an 82% win rate (gaining 10% each trade) is going to more than double your $$ annually. Pretty good I would say.

I had tried the scan with stocks closing above 5 which resulted in many more trades (which equal commissions in real life) and a win rate of about 60-something percent.

If you can figure out a way to squeeze a better percentage of winning trades out of lower-priced stocks, by all means, let me know. That is why we are here, right? :)

Cheers, Casey

StockFetcher Forums · Filter Exchange · Putting the squeeze on the stocks can work well<< >>Post Follow-up

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