StockFetcher Forums · Filter Exchange · Tight flag or 6 day flat base<< 1 2 >>Post Follow-up
4,659 posts
msg #74981
Ignore Eman93
6/4/2009 1:10:44 AM

Fetcher[/*Emans tight flag or Flat base Screen*/

close is above 1
close is below 10
close > close1 day ago
low > low 1 day ago

close is above Center Linear Regression line(6,1.0)

Linear Regression Slope(6) < 0.02

Linear Regression Slope(6) > -.01

Chaikins Volatility(10,10) < 0.5

Chaikins Volatility(10,10) > Chaikins Volatility(10,10) 1 day ago

Average Volume(3) > 200000
add column Linear Regression Slope(6)
add column Center Linear Regression Line(6,1.0)
add column high
add column low
add column ind

88 posts
msg #74997
Ignore cabogordon
6/4/2009 1:26:06 PM


I back tested your new filter back to Oct 08' . Produced some great calls. A lower success % through Oct-Nov, expected. But really performed in March down turn. Anyway to improve filter. You really have something here. thanks for all the effort on this board. cheers/ rick

4,659 posts
msg #75091
Ignore Eman93
6/5/2009 4:31:10 PM

Any thing you can think of?
I am trying to screen for a 5 or 6 day tight range horizontal flag....... My plan , (I cant day trade due to work) is to set up Stop Limit buys for a break out above the range high... small positions with a stop loss below the low of the tight range.

4,659 posts
msg #75092
Ignore Eman93
6/5/2009 4:34:25 PM

now you could pair this with RFR stocks I have them in my watch list......... Llike RAS is a hit, this is a RFR stock...

4,659 posts
msg #75103
Ignore Eman93
6/5/2009 11:05:59 PM

What I am looking for are charts like VMED you want to play the breakout....

88 posts
msg #75106
Ignore cabogordon
6/5/2009 11:52:37 PM

thanks for the posts. I too was planning on buying with tight limit buys next week. keep you updated. the only other filter working for me currently is a basic low rsi scan. have a grt wkend. rick

4,659 posts
msg #75125
Ignore Eman93
6/6/2009 3:55:13 PM

VMED is a classic text book tight bull flag........

724 posts
msg #75132
Ignore 13th_floor
6/6/2009 7:52:06 PM

It's pretty easy to find the VMED type chart..some work is involved for you must go do a quick chart on them but the scan is simple and you can build up a nice watchlist after a few need to do date offsets to find them with this example with a 5 day offset,you'll find VMED...I use offsets ranging from 2 up to 10 days to find the charts...

Fetcher[stocks where close is above upper bollinger band(20) and price is between 1 and 15 and volume is greater than 300000
offset is 5

of course use whatever volume and price range suits you...hth

4,659 posts
msg #75150
Ignore Eman93
6/7/2009 2:59:22 PM

13th what do you think of VMED do you think its worth getting in befor the breakout?

4,659 posts
msg #76086
Ignore Eman93
7/7/2009 12:28:09 AM

I may start trading this....... I just hate the system based trading mabey Ill mix in a little fund. to weed out the picks and not just trade everyone this thing spits out...........

Stop loss is 5% stop profit is 20% sell at close 2nd day

you get stoped out 46% of the time.......thats hard to swallow if they rack up for a few weeks in a row....

This is if you trade on pure probability 100 balls in a sack start pulling them out one at a time, you may get 25 losers in a row... I guess you need to figure that into your money managment some how........anyone with any experance in mass system trading i would like to hear your take........ anyway don't get too excited its all history now.....

566 / 84 = thats an average 6.7 trades a day so lets use 10.... so for money managment take your starting capital and divide by 5 take that 5th and divide by 10 that should be about what you should use on every did kick the shit out of the S&P.

Approach Information
Approach Name: 5 day slots
Test started on 08/29/2008 ended on 12/31/2008, covering 85 days
Filter used:
Eman Tight 5 day base Slots (saved filter)

Trade Statistics
There were 566 total stocks entered. Of those, 534 or 94.35% were complete and 32 or 5.65% were open.
Of the 534 completed trades, 192 trades or 35.96%resulted in a net gain.
Your average net change for completed trades was: 0.86%.
The average draw down of your approach was: -7.22%.
The average max profit of your approach was: 8.54%
The Reward/Risk ratio for this approach is: 1.23
Annualized Return on Investment (ROI): 146.49%, the ROI of ^SPX was: -88.14%.

Exit Statistics
Stop Loss was triggered 249 times or 46.63% of the time.
Stop Profit was triggered 49 times or 9.18% of the time.
Trailing Stop Loss was triggered 0 times or 0.00% of the time.
You held for the maximum period of time (2 days) 236 times or 44.19% of the time.
An exit trigger was executed 0 times or 0.00% of the time.

StockFetcher Forums · Filter Exchange · Tight flag or 6 day flat base<< 1 2 >>Post Follow-up

*** Disclaimer *** does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. does not recommend particular securities., Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.

Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus