StockFetcher Forums · Filter Exchange · THE TUNNEL METHOD<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,362 posts
msg #42305
Ignore TheRumpledOne
3/21/2006 7:14:27 PM

This method was originally for FOREX.

This morning it signaled entries on EURUSD, GBPUSD and USDCHF.

Looks like easy money.




TheRumpledOne
6,362 posts
msg #42519
Ignore TheRumpledOne
3/26/2006 12:59:22 PM

IT WAS BIG TIME MONEY ON FOREX... OVER A DOUBLE ON THE EURUSD!!




TheRumpledOne
6,362 posts
msg #42520
Ignore TheRumpledOne
modified
3/26/2006 1:23:41 PM

Fetcher[
/* Tunnel Method 5/34/36 */

set{ MinEMA, min( ema(34), ema(36) ) }
set{ MaxEMA, max( ema(34), ema(36) ) }
SET{ FilterEMA, ema(5) }

set{ GoLong, count(ema(5) crossed above MaxEMA , 1 ) }

set{ GoShort, count(ema(5) crossed below MinEMA , 1 ) }

set{ EMACross, GoLong + GoShort }

/* profit had you bought the open 5 days ago and sold at the high */

set{High5, High 5 day High}
set{Profit, High5 - open 5 days ago}
set{HiOp,high - open}
set{OpLo, open - low}
set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxEma5, E5a - E5b}



add column HiOp
add column OpLo
add column Profit

add column GoLong
add column GoShort
and add column CxEma5

EMACross above 0

close above 1
volume above 500000
]



Fetcher[
/* Tunnel Method - 5/34/36 HEADS UP */

set{ MinEMA, min( ema(34), ema(36) ) }
set{ MaxEMA, max( ema(34), ema(36) ) }
SET{ FilterEMA, ema(5) }

set{ GoLong, count(ema(5) crossed above MinEMA , 1 ) }

set{ GoShort, count(ema(5) crossed below MaxEMA , 1 ) }

set{ EMACross, GoLong + GoShort }

/* profit had you bought the open 5 days ago and sold at the high */

set{High5, High 5 day High}
set{Profit, High5 - open 5 days ago}
set{HiOp,high - open}
set{OpLo, open - low}
set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxEma5, E5a - E5b}

add column HiOp
add column OpLo
add column Profit

add column GoLong
add column GoShort
and add column CxEma5

draw ema(5)
draw ema(34)
draw ema(36)

EMACross above 0

close above 1
volume above 500000
]



Tunnel Method 5/34/36 - this variation uses the ema(5) as the filter ema. I used 36 because it's 12*12 and I use 34 because it's a fib number.

The original method was used on a 60 minute chart.

Since SF only has daily and weekly, I am trying to discover a profitable combo for stock selecting.

The "Heads UP" variation is my enhancement to give an early warning so you can know which stocks to watch in real time.

MAY ALL YOUR FILLS BE COMPLETE.






TheRumpledOne
6,362 posts
msg #42528
Ignore TheRumpledOne
modified
3/26/2006 4:15:11 PM

Fetcher[
/* Tunnel Method 3/9/27 */

set{ MinEMA, min( ema(9), ema(27) ) }
set{ MaxEMA, max( ema(9), ema(27) ) }
SET{ FilterEMA, ema(3) }

set{ GoLong, count(ema(3) crossed above MaxEMA , 1 ) }

set{ GoShort, count(ema(3) crossed below MinEMA , 1 ) }

set{ EMACross, GoLong + GoShort }

/* profit had you bought the open 5 days ago and sold at the high */

set{High5, High 5 day High}
set{Profit, High5 - open 5 days ago}
set{HiOp,high - open}
set{OpLo, open - low}
set{E5b,days(close is above ema(3),100)}
set{E5a,days(close is below ema(3),100)}
set{CxEma3, E5a - E5b}



add column HiOp
add column OpLo
add column Profit

add column GoLong
add column GoShort
and add column CxEma3

draw ema(3)
draw ema(9)
draw ema(27)
EMACross above 0

close above 1
volume above 500000
]



3 is a fib number.

3 * 3 = 9.

3 * 3 * 3 = 27.




gobi
9 posts
msg #42586
Ignore gobi
3/28/2006 9:04:09 AM

TRO, thanks for your formula but I am fairly new to TA and SF language so please bear with me. The tunnel method sounds really exciting and I am keen to learn the ins and outs of the theory. I am trying to make sense of the columns in your filters.

I understand for the lg column anything over 1100 indicates strong potential longs. But I don't understand the significance behind hiop and oplo. Take AA, for example, from today's filter:

******Last*****%Chg****Volume****lg3456*****hiop****oplo****profit
AA****30.33****1.68****5021800***1111.00****0.60****0.09****0.53

Does this mean that if AA moves past 30.93 (30.33 + 0.60) then it is considered a breakout and time to buy? And I should place my stop at 30.24 (30.33 - 0.09)? If I understand the tunnel theory correctly, I should take a portion of my profits out at each of the fib level, correct?

If possible, can you please briefly explain the hiop, oplo, and profit columns? It would go a long way in helping me understand this. Much appreciated.


TheRumpledOne
6,362 posts
msg #42591
Ignore TheRumpledOne
modified
3/28/2006 10:56:26 AM

HiOp is High minus Open. Meaning if you bought at the open price yesterday and sold at the high, that's the potential profit.

OpLo is Open minus Low. Meaning if you shorted at the open price yesterday and covered at the low, that's the potential profit.

Profit is if you bought at the open 5 days ago and sold at the 5 day high, that's the potential profit.

HTH.


gobi
9 posts
msg #42595
Ignore gobi
3/28/2006 12:36:51 PM

So the hiop and oplo are just measurements of your potential profits if you buy (or short) when lg >= 1100. Is this correct? I am just trying to understand how this applies to the tunnel method. Thanks.


bruce9432
11 posts
msg #42896
Ignore bruce9432
4/11/2006 6:50:52 PM

Do you use the tunnel on the ES minis. If so what time frame and what EMAs. I did a back test on currency pairs and it was uncanny how you can put an order in and let it ride.

Bruce Johnson
Dana Point
bruce9432@hotmail.com
I would like to know more


TheRumpledOne
6,362 posts
msg #42918
Ignore TheRumpledOne
4/12/2006 11:25:46 PM


Do you use the tunnel on the ES minis. If so what time frame and what EMAs. I did a back test on currency pairs and it was uncanny how you can put an order in and let it ride.
===============================================================================

I posted everything about the TUNNEL METHOD in the first post.

You can google it and find more... there are even some tunnel forums.


TheRumpledOne
6,362 posts
msg #42919
Ignore TheRumpledOne
4/12/2006 11:26:56 PM

So the hiop and oplo are just measurements of your potential profits if you buy (or short) when lg >= 1100. Is this correct? I am just trying to understand how this applies to the tunnel method. Thanks.
===========================================================================

LG has nothing to do with HiOp and OpLo.

HiOp and OpLo are just column displays.




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