StockFetcher Forums · Filter Exchange · TRADER JOES MATURING TREND TRADER MACHINE<< 1 2 >>Post Follow-up
jpistell
123 posts
msg #34893
Ignore jpistell
1/15/2005 8:23:51 AM

This filter sets up the guidelines of what a trend can look like and how to trade it.

Fetcher[
/*TRADER JOE'S MATURING TREND TRADER MACHINE*/
/* VISUAL AIDS */
draw EntryMID on plot price
draw TakeProfits on plot price
draw cwma(EntryMID,22) on plot price
draw EntryMA on plot price
draw eco(22,5) on plot eco(5,5)

/* BUY TRIGGERS*/
and low has touched EntryMid /*good for strong trends*/

/*TURNED OFF TRIGERS
good for when price is below cwma(EntryMID,22) < but above EntryMA
and eco(5,5) < eco(22,5)
and eco(5,5) has been increasing for 1 day*/


/*MATURING TREND LINE SET UP*/
and EntryMID > cwma(EntryMID,100)
and pp > EntryMA

/*WHERE ARE YOU
use this to findout how UNDISCOVERED this trend is */
set{vola, count(volume > avgvol(100),50)}
draw cwma(vola,50) on plot vola
add column vola
/*
if vola < 20 its a newbie
if vola is > 20 watch it relative to its 50ma
if vola is > 30 look for an exit
*/

/* BUY BAND SIGNALS ENGINE */
set{midline, atr(22) * 1.33}
set{setline1, upper bollinger band(63)}
set{topline, atr(5) * 1.8}
set{TakeProfits, setline1 plus topline}
set{EntryMID, setline1 minus midline}
set{EntryMA, cwma(EntryMID,100)}

/* GLOBAL*/
show stocks where price is between .4 and 4
and avgvol(90) is > 50000

/*DO NOT DRAW*/
do not draw pp

and date offset is 44
]



GOAL: Find a trend and buy weakness.
1st it wants to avoid all forms of false or failed trends.
Then it triggers a buy on a pullback to the 1st line.
Then it has a 2nd trigger (that is turned off now) that looks for a fall to an intermediate point, and then asks for the very sensitive ECO(5,5) to inch up.
It has a TAKEPROFIT line so your not caught standing when the music stops ;-)
Idea: For a different trigger, add Muddy's bollinger fade script.


All comments and tweaks appreciated.
I hope you like it,
Trader Joe



Aries321
6 posts
msg #34897
Ignore Aries321
1/15/2005 8:25:37 PM

You said,

Idea: For a different trigger, add Muddy's bollinger fade script.

What the heck does than mean????




jpistell
123 posts
msg #34899
Ignore jpistell
1/16/2005 5:55:25 AM

Aries,
--Filter Exchange--
Subject: bollinger bands
Author:wallman
Replies : 191

CLOSE HAS BEEN DECREASING OVER THE LAST 3 DAYS
AND PRICE TOUCHED LOWER BOLLINGER BAND(20)


jpistell
123 posts
msg #34907
Ignore jpistell
1/16/2005 5:38:49 PM

Tweak time.
The Buy Trigger has been vastly improved.
I also added a few other tweaks to help refine the outcome.

She's almost ready for prime time!
G'Luck,
Trader Joe

Fetcher[
/*TRADER JOES MATURING TREND TRADER MACHINE*/
/* VISUAL AIDS */
draw double stochastic(5,3) line at 10
draw EntryMID on plot price
draw TakeProfits on plot price
draw cwma(EntryMID,22) on plot price
draw EntryMA on plot price

/* BUY TRIGGERS*/
and double stochastic < 11
and double stochastic has been increasing for one day

/*TURNED OFF TRIGERS*/


/*MATURING TREND LINE SET UP*/
and EntryMID > cwma(EntryMID,100)
and pp > EntryMA

/*WHERE ARE YOU
use this to findout how UNDISCOVERED this trend is */
set{vola, count(volume > avgvol(100),50)}
draw cwma(vola,50) on plot vola
add column vola
and vola > cwma(vola,50)
/*
if vola < 20 its a newbie
if vola is > 20 watch it relative to its 50ma
if vola is > 30 look for an exit
*/

/* BUY BAND SIGNALS ENGINE */
set{midline, atr(22) * 1.33}
set{setline1, upper bollinger band(63)}
set{topline, atr(5) * 1.8}
set{TakeProfits, setline1 plus topline}
set{EntryMID, setline1 minus midline}
set{EntryMA, cwma(EntryMID,100)}

/*OVERHEAD CALC*/
set{uu1, high 100 day high}
set{OHrange, uu1 - pp}
set{OHratio, OHrange / pp}
set{OHead, OHratio * 100}
add column OHead
and OHead < 50

/*PROFIT TAKERS CALC*/
set{pt1, ma(50) 60 day low}
set{ptrange, pp - pt1}
set{ptratio, ptrange / pt1}
set{PTakers, ptratio * 100}
add column PTakers
and PTakers < 200

/* GLOBAL*/
show stocks where price is between .4 and 4
and avgvol(90) is > 50000

/*DO NOT DRAW*/
do not draw pp

and date offset is 13
]



TRADING GUIDELINES:
As long as price holds > EntryMA, add to your position each time Double stochastics hits it's mark.


jpistell
123 posts
msg #34917
Ignore jpistell
1/17/2005 6:56:58 AM

Additional Trigger Tweak.
add: draw double stochastic(22,3) line at 20

If double stochastic(22,3) < 20, then buy 2 day high with strong close.

1-17-05 Buys:
ARQL
HMSL
PCR

SETUP IMPROVING, TIME FOR RESEARCH:
needs good close
TVGR
EGSRE
IMNR
CCUR
ISRE
ABMC
FNVG
ONEI
kirk
BBX

wait for pull back
VNWK
LGVN
RGEN

Like the pattern:
AMCS
VITR
LCCI
QVDX
MFIC
FORG


ham1198
172 posts
msg #34920
Ignore ham1198
1/17/2005 4:30:21 PM

Joe, I've been following PCR too. It popped up and was one that from my post on your other filter board looked ripe. Here's the link:

http://stockcharts.com/def/servlet/SC.web?c=pcr,uu[w,a]daclyyay[dd][pd20,2!h.02,.20][vc60][iLyb20,2.0!Lm12]&pref=G

See how BBW is at it's low. From BBW, the bands have contracted and are ready to start a new trend. Hope this helps.

Here's also Matt Claaseen's article on using BBW/Volitility:

http://www.technicalanalyst.co.uk/bollinger.pdf



jpistell
123 posts
msg #34929
Ignore jpistell
1/18/2005 5:47:52 PM

New Signals:
IMNR and IINT.

Both are on the watch list but are on hold. The double stochastic(22,3) is below the 20 line. I'll follow my trading rules and I'll put a buy stop in on both with a 2 day high and add if it closes strong with volume.

Trader Joe


jpistell
123 posts
msg #34937
Ignore jpistell
1/19/2005 10:51:30 AM

IMNR buy stop hit at $1.25
Big volume.



moneymax3000
3 posts
msg #34957
Ignore moneymax3000
1/24/2005 12:47:58 AM

Try the double I found back in Oct. "CCEL" your screen does not seem to show a re-buy on this one. I am very interested to see how a screen might have helped with this particular stock. As I usually find these types another way. MAX


jpistell
123 posts
msg #34960
Ignore jpistell
1/24/2005 3:15:47 PM

There are a lot of days in Oct.
tell me the "Days offset" and which day it triggered on.

FYI:
The "trigger" criteria is tweaked for razor sharp entries. This causes it to miss a lot of other entries. Simply tinker with the trigger and you'll see a lot more choices.

G'Luck,
Trader Joe
p.s. you can turn the trigger off totally by wrapping it in /* ________ */


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