StockFetcher Forums · Filter Exchange · Tight flag or 6 day flat base<< 1 2 >>Post Follow-up
Eman93
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
]




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

Eman,

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

Eman93
4,659 posts
msg #75091
Ignore Eman93
modified
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.

Eman93
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...

Eman93
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....

cabogordon
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

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

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

13th_floor
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 days...you need to do date offsets to find them with this scan...an 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


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

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

Eman93
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 trade....it 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

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