StockFetcher Forums · Filter Exchange · Sqwii RICH filter<< 1 2 3 >>Post Follow-up
Sqwii
160 posts
msg #68130
Ignore Sqwii
10/7/2008 7:00:35 AM

Here let me say something....

First I want to post the filter

Fetcher[
add column Williams %R(5)
draw Williams %R(5)
volume above 1000000

RSI(2) below 1
Add column RSI(2)
]


What does this filter gives you?

First of all RSI(2) below 1 is extreme OVERSOLD stocks SHORT term... then this is WHAT you should do to find the BEST stocks in this filter... and ONLY pick top 1 or 2..

There is added a column with williams %(5) and you should sort the list with the highest williams... so -99 williams is bad but williams -50 is good.. that means that the williams is popping up before the RSI is popping !

So only choose the top 2 stocks and they would defintley pop up 1-4 days after ! Choose the ones with big volume ! It also gave me some good backtesting results.

Let me know what you think about it.. but its good if you want to fish the gold fish at the bottom BEFORE it go up. And IF you just get 5% then SELL ... its better to have a profit than nothing ! And then wait to next day to choose the best one.

Set a stoploss on -2%

Thank you !

Sqwii
160 posts
msg #68131
Ignore Sqwii
10/7/2008 7:01:37 AM

Today top 2 picks is : SIGM and CNI ..

Lets see if these stocks would pop the comming days ! I think so LOL

johnpaulca
11,296 posts
msg #68133
Ignore johnpaulca
10/7/2008 8:56:37 AM

Sqwii: Almost every stock ended yesterday with a hammer...reversal. I will bet your selection will pop also....good luck.

chetron
2,817 posts
msg #68134
Ignore chetron
10/7/2008 9:00:24 AM

ADDED SORT FUNCTION......



Fetcher[


add column Williams %R(5)
draw Williams %R(5)
volume above 1000000

RSI(2) below 1
Add column RSI(2)

SORT COLUMN 5 DESCENDING

]





Sqwii
160 posts
msg #68135
Ignore Sqwii
10/7/2008 9:13:52 AM

Thank you chetron

Thats a brilliant filter! Buy only top 2 stocks !

Sqwii
160 posts
msg #68136
Ignore Sqwii
10/7/2008 9:18:57 AM

johnpaulca..

Thats true!

But still this filter would also works properly well in other times I think... I got pretty good backtesting with only holding it max 5 days..

And its true when williams %5 spikes up and you can't rely on williams 2.. it is TOO sensitive... but williams 5 works well with RSI 2..

Sqwii
160 posts
msg #68146
Ignore Sqwii
10/7/2008 4:10:05 PM

hmm bad filter it did not work today..

johnpaulca
11,296 posts
msg #68148
Ignore johnpaulca
10/7/2008 4:33:01 PM

The filter is not bad, you traded badly(assuming you went long). Both stocks were up in the first 15 mins or so, take profits and switch direction with the stock. The trend was down big time today in the markets, no filter would have helped...ya must trade with the trend, even trading the counter trend is difficult in these waters...cheers.

Sqwii
160 posts
msg #68150
Ignore Sqwii
10/7/2008 5:49:42 PM

johnpaulca.. so you mean that the filter is quite good or ?

Wowzers
35 posts
msg #68153
Ignore Wowzers
10/7/2008 8:15:39 PM

yes sqwii, i dont think JP had any problems with your filter...I think hes just trying to tell you that it might be in your best interests to trade with the trend. Thats is, if markets are falling..look for shorting opportunities. and vice versa.
hope that helps

StockFetcher Forums · Filter Exchange · Sqwii RICH filter<< 1 2 3 >>Post Follow-up

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