StockFetcher Forums · Filter Exchange · TESTING A NEW TRADING APPROACH<< 1 2 >>Post Follow-up
Kevin_in_GA
4,548 posts
msg #116665
Ignore Kevin_in_GA
modified
11/11/2013 9:33:10 AM

I want to track a few trades on a different trading strategy I'm trying to develop.

Trades for 11/11/2013:

LONG TRADES:

VRTS - VIRTUS INVESTMENT PARTNERS
BUY STOP ABOVE 208.00, PROFIT TARGET AT 212.10, STOP LOSS AT 202.10
STATUS: IN TRADE, PROFIT TARGET STAYS AT 212.10

FOSL - FOSSIL, INC
BUY STOP ABOVE 128.40, PROFIT TARGET AT 131.00, STOP LOSS AT 124.70
STATUS: IN TRADE, PROFIT TARGET MOVED TO 130.10

ASH - ASHLAND, INC
BUY STOP ABOVE 88.70, PROFIT TARGET AT 90.70, STOP LOSS AT 87.50
STATUS: IN TRADE, PROFIT TARGET MOVED TO 90.10

EXPD - EXPEDITORS INTL OF WASHINGTON
BUY STOP ABOVE 42.60, PROFIT TARGET AT 44.55, STOP LOSS AT 42.00
STATUS: IN TRADE, PROFIT TARGET MOVED TO 43.62

SHORT TRADES:

VSI - VITAMIN SHOPPE
SHORT ENTRY BELOW 50.70, SHORT COVER AT 49.35, STOP LOSS AT 51.50
STATUS: STOPPED OUT FOR A LOSS OF 1.6%

YRCW - YELLOW ROADWAY
SHORT ENTRY BELOW 8.75, SHORT COVER AT 8.00, STOP LOSS AT 9.35
STATUS: STOPPED OUT FOR A LOSS OF 6.4%

Kevin_in_GA
4,548 posts
msg #116690
Ignore Kevin_in_GA
modified
11/12/2013 9:25:21 AM

I worked on the code a bit more last night. I'll continue to track all trades through to completion.

11/12/2013 - trade setups:

LONG TRADES -

PPO POLYPORE INTERNATIONAL
BUY STOP ABOVE 36.18, PROFIT TARGET AT 38.16, STOP LOSS AT 35.63, R/R = 3.60
NO TRADE ENTERED

JCOM J2 GLOBAL INC
BUY STOP ABOVE 45.20, PROFIT TARGET AT 47.98, STOP LOSS AT 44.40, R/R = 3.48
IN TRADE AT 45.20, PROFIT TARGET STAYS AT 47.98

TREX TREX CO
BUY STOP ABOVE 68.91, PROFIT TARGET AT 71.29, STOP LOSS AT 68.01, R/R = 2.65
NO TRADE ENTERED

USLV 3X BULL SILVER ETN
BUY STOP ABOVE 63.50, PROFIT TARGET AT 65.72, STOP LOSS AT 62.58, R/R = 2.41
NO TRADE ENTERED

SHORT TRADES:

SNTS SANTARUS INC
SHORT ENTRY BELOW 31.88, SHORT COVER AT 29.93, STOP LOSS AT 32.06, R/R = 10.83
IN TRADE AT 31.88, SHORT COVER STAYS AT 29.93

NKTR NEKTAR THERAPEUTICS
SHORT ENTRY BELOW 10.69, SHORT COVER AT 10.06, STOP LOSS AT 10.90, R/R = 2.99
IN TRADE AT 10.58, SHORT COVER STAYS AT 10.06

RPRX REPROS THERAPEUTICS
SHORT ENTRY BELOW 14.98, SHORT COVER AT 14.08, STOP LOSS AT 15.35, R/R = 2.43
STOPPED OUT FOR A LOSS OF 2.5%

Kevin_in_GA
4,548 posts
msg #116703
Ignore Kevin_in_GA
11/12/2013 8:49:51 PM

A small amount of code refinement, not really changing the system but making the filter output more useful. Been stopped out several times already and most trades are down. Not an auspicious start but I'll keep at this one for a bit.

For tomorrow 11/13/2013:

LONG TRADES:

EGHT - 8X8, INC
BUY STOP ABOVE 9.90, PROFIT TARGET AT 10.40, STOP LOSS AT 9.68, R/R = 2.27

FDML FEDERAL MOGUL CORP
BUY STOP ABOVE 20.54, PROFIT TARGET AT 21.38, STOP LOSS AT 20.15, R/R = 2.16


SHORT TRADES:

FLTX - FLEETMATIC GROUP PLC
SHORT ENTRY BELOW 35.29, SHORT COVER AT 33.18, STOP LOSS AT 36.00, R/R = 2.98

SLXP - SALIX PHARMACEUTICALS
SHORT ENTRY BELOW 84.56, SHORT COVER AT 80.53, STOP LOSS AT 85.96, R/R = 2.88


jimmyjazz
99 posts
msg #116720
Ignore jimmyjazz
11/13/2013 9:08:50 AM

Good luck on EGHT -- I bought it @ $11.19 on 11/1 and it's dumped to $9.84 since then. I'm gonna let it ride on the chance you're right and it comes back a bit.

Kevin_in_GA
4,548 posts
msg #116721
Ignore Kevin_in_GA
11/13/2013 9:20:44 AM

This system is really just a variant of Toby Crabel's inside day/NR7 approach. I'm still working through the stock selection that yields the best candidates and (hopefully) avoids quick stop-outs. So far it is too early to tell.

And nothing here says that EGHT will go up or down - all it says is that if it breaks above the prior day high it could indicate an upward move. I'm using the prior low as the stop loss if the trade is entered.

Kevin_in_GA
4,548 posts
msg #116723
Ignore Kevin_in_GA
modified
11/13/2013 10:37:13 AM

Already stopped out of VRTS and NKTR. I'm guessing that I need to move the BUY stop higher rather than have it right at the prior day high, so that the move is confirmed. Still playing with this, but growing less enchanted.

EDIT: Stopped out on SLXP as well. This approach needs a re-thinking.

alf44
2,025 posts
msg #116724
Ignore alf44
modified
11/13/2013 11:24:02 AM

Kevin,

Crabel uses what he calls an "ORB" (opening range breakout) ... for his entries.

I actually coded this "ORB" (along with his "profit target" calculations) some time ago and would display them in a column :

-----

Fetcher[

/* ORB "STRETCH" calculations */
set{diff1, abs(Open minus High)}
set{diff2, abs(Open minus Low)}
set{stretch_diff, min(diff1,diff2)}

set{stretch_sum, sum(stretch_diff,10)}

set{stretch_avg10, stretch_sum / 10}

/* Profit Target calculations */
set{HiLo_rng, High minus Low}
set{HiLo_rngsum, sum(HiLo_rng,10)}
set{HiLo_rngavg, HiLo_rngsum / 10}

set{ProfTarget_66%, HiLo_rngavg * .66}

Market is DOW 30

add column stretch_avg10{stretch}
add column ProfTarget_66%{Profit}
]



-----

The "ORB stretch" would be added TO the Open for LONGS ...

The "ORB stretch" would be subtracted FROM the Open for SHORTS ...

You would enter either LONG or SHORT with a "breakout" above/below these levels ...

---

The "Profit Target" is 66% of the 10 day average of the daily high/low range.

.



Kevin_in_GA
4,548 posts
msg #116737
Ignore Kevin_in_GA
11/13/2013 2:19:26 PM

I have been looking at NR7 + inside day as the primary selection criterion, and used only the high as the breakout, and the low as the stop (or reverse for short plays). What I'm seeing is that this probably leaves too little room for a short-term reversal, especially when the range is less than 1%.

I also was looking to see if there was any relationship between the breakout and the EMA(10) - if the range is below this target the direction would be long on the breakout with the target being the current ema(10). So far no wins and 5 stopped out trades. Another way to play this would be to wait for a breakout in either direction and just get on the train whichever way it is headed.



wkloss
230 posts
msg #116754
Ignore wkloss
11/14/2013 11:36:00 AM

@alf44,

Have you backtested or traded your filter/

Bill

marine2
829 posts
msg #116760
Ignore marine2
11/14/2013 2:12:22 PM

Kevin, did you stop using Tro's Crock Pot filter scenario and now working solely on this new approach? Or, are you still using the Crock Pot approach as your main buying filter and just playing around with this new experiment?

When you are finished with your trials will you run a comparison to both of these methods and let us know which you find as the best filter to use?

Marine2

StockFetcher Forums · Filter Exchange · TESTING A NEW TRADING APPROACH<< 1 2 >>Post Follow-up

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