StockFetcher Forums · Filter Exchange · TRO RAT REVERSAL<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,359 posts
msg #81720
Ignore TheRumpledOne
modified
10/25/2009 11:52:18 AM

Fetcher[
/* TRO RAT REVERSAL - RESULTS */

set{ RED2 , count( close 2 days ago below open open 2 days ago,1) }
set{ GREEN1 , count( close 1 days ago above open open 1days ago,1) }
set{ GREENRAT, RED2 + GREEN1 }
set{ PROFIT, high - high 1 day ago }
set{ REVERSE, count( low equal low 10 day low, 5) }

PROFIT above -0.00001
REVERSE above 0
GREENRAT above 1

add column REVERSE
add column high
add column high 1 day ago
add column PROFIT

and avg vol(30) > 1000000

and market is NASDAQ

sort column 8 descending
]



Remember what H. Rearden said:

Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)


=================

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE

===================

If price is NOT making a new low then it must be reversing from the low.





TheRumpledOne
6,359 posts
msg #81721
Ignore TheRumpledOne
modified
10/25/2009 12:01:46 PM

Fetcher[
/* TRO GREEN RAT REVERSAL - SETUP */

set{ RED1 , count( close 1 days ago below open open 1 days ago,1) }
set{ GREEN0 , count( close above open ,1) }
set{ GREENRAT, RED1 + GREEN0 }

set{ REVERSE, count( low equal low 10 day low, 5) }

REVERSE above 0
GREENRAT above 1

add column REVERSE
add column high


and avg vol(30) > 1000000

and market is NASDAQ
]



GREEN RAT REVERSAL

1) price at/near 5 day low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS BASED ON YOUR RISK MANAGEMENT: STOP LOSS = MAXIMUM RISK / POSITION SIZE

6) Take whatever profit you can.

7) When you hit your daily goal, STOP TRADING FOR THE DAY. Come back tomorrow.

fortyfour
185 posts
msg #81728
Ignore fortyfour
10/25/2009 5:56:25 PM

Good filter.

I am playing with this to suit myself and am trying " reverse > 2.0" and williams(10) < -75 and a day range/volatility requirement that today be a quiet day after a couple/few hard down days.

A couple of sweet spots in TNA within the last few months are good examples of this.

Thanks.

LebowskiUrbanAchievers
56 posts
msg #81756
Ignore LebowskiUrbanAchievers
10/26/2009 9:20:37 AM

How do we read the reversal number. Is it the number of days it has been bouncing around the low? Could be just Monday but I am having trouble analyzing your instructions on the setup filter and the results filter to see what to look for. Any guidance would be appreciated.

TheRumpledOne
6,359 posts
msg #81760
Ignore TheRumpledOne
10/26/2009 9:59:02 AM

fortyfour
- Ignore fortyfour 10/25/2009 5:56:25 PM

Good filter.

I am playing with this to suit myself and am trying " reverse > 2.0" and williams(10) < -75 and a day range/volatility requirement that today be a quiet day after a couple/few hard down days.

A couple of sweet spots in TNA within the last few months are good examples of this.

Thanks.

==========================

You should enroll in Yale.



TheRumpledOne
6,359 posts
msg #81761
Ignore TheRumpledOne
modified
10/26/2009 10:03:19 AM

How do we read the reversal number. Is it the number of days it has been bouncing around the low? Could be just Monday but I am having trouble analyzing your instructions on the setup filter and the results filter to see what to look for. Any guidance would be appreciated.

====================

You don't read it.

It is used to select stocks that are bouncing off the low.

I modified the line to look at stocks at/near the 10 day low within the last 5 days.



TheRumpledOne
6,359 posts
msg #81972
Ignore TheRumpledOne
10/28/2009 6:26:20 PM

Fetcher[

/* TRO GREEN RAT REVERSAL - SETUP */

set{ RED1 , count( close 1 days ago below open open 1 days ago,1) }
set{ GREEN0 , count( close above open ,1) }
set{ GREENRAT, RED1 + GREEN0 }

set{ REVERSE, count( low equal low 10 day low, 5) }

REVERSE above 0
GREENRAT above 1

add column REVERSE
add column high


and avg vol(30) > 1000000

and market is NASDAQ


/* PRICE POSITION PERCENT DISPLAY */

/* enter your Upper Limit criteria */
set{UpperLim, High 5 Day High}
set{HIGH52w, High 52 week High}

/* enter your Lower Limit criteria */
set{LowerLim, Low 5 Day Low}
set{touch5d, count( low equal LowerLim , 1) }

/* enter your Lower Limit criteria */
set{LOW5w, Low 5 week Low}
set{DIFF5, CLOSE MINUS LOW5w }
set{touch5w, count( low equal LOW5w , 1) }

/* enter your Lower Limit criteria */
set{LOW13w, Low 13 week Low}
set{DIFF13, CLOSE MINUS LOW13w }
set{touch13w, count( low equal LOW13w , 1) }

/* enter your Lower Limit criteria */
set{LOW26w, Low 26 week Low}
set{DIFF26, CLOSE MINUS LOW26w }
set{touch26w, count( low equal LOW26w , 1) }

/* enter your Lower Limit criteria */
set{LOW52w, Low 52 week Low}
set{DIFF52, CLOSE MINUS LOW52w }
set{touch52w, count( low equal LOW52w , 1) }

set{touch3, touch5d + touch5w }
set{touch2, touch3 + touch13w }
set{touch1, touch2 + touch26w }
set{touch, touch1 + touch52w }

set{LimDiff, HIGH52w minus LOW52w}
set{PPDiff, CLOSE minus LOW52w}
set{PPDiv, PPDiff / LimDiff}
set{BallOn, PPDiv * 100}

set{PCT, LimDiff / LOW52w}

set{HiOp,high - open}
set{OpLo, open - low}
set{ClLo, close - low}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl, CCa - CCb}

set{HHb,days(High is above High 1 day ago,100)}
set{HHa,days(High is below High 1 day ago,100)}
set{HixHi, HHa - HHb}

set{LLb,days(Low is above Low 1 day ago,100)}
set{LLa,days(Low is below Low 1 day ago,100)}
set{LoxLo, LLa - LLb}

/* column display */

add column touch
add column rsidiff

add column ClxCl
add column HixHi
add column LoxLo

add column ClLo
add column HiOp
add column OpLo

add column BallOn
add column PCT

add column touch5d
add column touch5w
add column touch13w
add column touch26w
add column touch52w

add column DIFF5
add column DIFF13
add column DIFF26
add column DIFF52

add column LOW5w
add column LOW13w
add column LOW26w
add column LOW52w
]



I added the /* PRICE POSITION PERCENT DISPLAY */ code so you can SEE where price is in relation to the low.


TheRumpledOne
6,359 posts
msg #82489
Ignore TheRumpledOne
11/5/2009 12:07:08 PM

Anyone having fun making money with this?



luc1grunt
622 posts
msg #82519
Ignore luc1grunt
11/5/2009 6:14:24 PM

Are you Avery? That is the primary importance.

luc1grunt
622 posts
msg #82520
Ignore luc1grunt
11/5/2009 6:15:17 PM

At least it should be. :)

StockFetcher Forums · Filter Exchange · TRO RAT REVERSAL<< 1 2 3 >>Post Follow-up

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