StockFetcher Forums · Filter Exchange · Winning Strategy<< 1 ... 4 5 6 7 8 ... 14 >>Post Follow-up
levamit
101 posts
msg #105604
Ignore levamit
3/22/2012 5:43:26 PM

Hi Tesla,

If did you mean to 2% filter use this criteria to exit :
Exit Setup
Stop Loss: N/A
Profit Stop: 2%
Trailing Stop Loss: N/A
Minimum Holding Days: 1
Maximum holding days: 3

LA

Nickster8074
53 posts
msg #105606
Ignore Nickster8074
3/22/2012 6:20:08 PM

Also, percentage of winners is less important than the Equity Summary (At the top of the backtest summary page). 51% winners aren't bad if winners average 10% gain and losers average 5% loss.

tombrown1
61 posts
msg #105609
Ignore tombrown1
3/22/2012 8:14:48 PM

The last year's backtest I ran returned about 62% winners.

There is an interesting bug when testing systems with a profit stop when you buy at the close. Yes, it does include the day that you bought when it considers the profit stop. I spent about an hour with an "unbelievable" system until I realized this bug. So even if you like levamit's 2% profit stop system, I don't think any of the results can be trusted.

The best way to trade this method (that I've found so far) is with a 7 day hold or RSI(2) > 55. Levamit's suggestion to simply hold for 3 days no matter what also does quite well.

TB



tombrown1
61 posts
msg #105610
Ignore tombrown1
3/22/2012 8:26:05 PM

olathegolf,
I like your idea with the liquidity, but I had to stop backtesting when I did 08-09 because it lost about 45% for the year I tested (March to March) - and any system I test that has a single losing year I have to discard right away. I'll try to do some messing with liquidity myself, but it may take awhile to find the time.

Best,

Tom

levamit
101 posts
msg #105612
Ignore levamit
3/22/2012 9:03:04 PM

Hello Tom,

"There is an interesting bug when testing systems with a profit stop when you buy at the close. Yes, it does include the day that you bought when it considers the profit stop"
I didn't think that because when you add "Minimum Holding Days: 1 "this bug Disappeared !!.
Check it out.

LA

tennisplayer2
180 posts
msg #105614
Ignore tennisplayer2
3/22/2012 10:58:30 PM

First off, I like to thank Levmit and Tom for their work on this filter. I am planning to start live trading this on Monday. Correct me if I am wrong. The strategy is to buy the stock near the close on the next day the stock is listed. Tom's exit is 7 days or RSI(2), which ever comes first with no profit stops or losses. Levamit's exit is 3 days or 2% profit stop with no profit loss. Is the correct and thanks again?

levamit
101 posts
msg #105622
Ignore levamit
modified
3/23/2012 9:44:03 AM

Hi Player2:

3/7 days filter without any stop loss buy at open next day and sell at open or RSI(2) > 55 within 3/7 days Max holding .
Fetcher[
Stocks are not OTCBB
Bollinger Width Oscillator(5,2) below -50 in last day
Lower Acceleration Band(5) dropped more than 3.5 Percent
Lower Keltner Band(5)dropped more then 3 percent
Day Position(0.5,1)below day position 2 days ago
do not draw day position (-1.00,5)
do not draw day position
average Volume(4) > 120000
close > 1.20
IMI(4) below 9
add column IMI(4)
]



and for 2% profit buy at close next day with sell limit order 2% above entry price , holding 3 days Max and sell at open.
Fetcher[
stocks are not OTCBB
Stocks are not etf
Bollinger Width Oscillator(5,2) below -50 in last day
Day Position(0.05,1) below day position 3 days ago
do not draw day position (-1.00,5)
do not draw day position
average Volume(90) above 650000
close > 1.20
and draw apo(5,2) > 0.085
and draw cmf(5) below 0 within last 3
and mass index(12) < 26.5
rsi(2) crossed below 1 within last 5 days
]



Tom correct me if I'm wrong,

And good luck to all !!
LA

bkhurana43
103 posts
msg #105625
Ignore bkhurana43
3/23/2012 10:33:09 AM

Hi Levamit,
Using your today's posting of Filter (3/7days) this morning I have two stocks PLUG and KITD at around 10:15AM, What would have been your play based on information available thru the chart ? Please describe with some details.

Bob

tennisplayer2
180 posts
msg #105631
Ignore tennisplayer2
3/23/2012 3:13:25 PM

Levamit, Thanks for this post and others.

levamit
101 posts
msg #105632
Ignore levamit
modified
3/23/2012 3:25:15 PM

HI bkhurana43,

Entry need to be at monday morning.
For 3/7 days.
I try to catch the shares that fell deep low and I noticed that a strong correction for 3 days.
I can not always catch them in the deep low, so Tom Recommend to hold seven days or RSI(2) > 55.
So sometimes you will see after you get out from the position couple of dates later the stock rose strongly.

LA

StockFetcher Forums · Filter Exchange · Winning Strategy<< 1 ... 4 5 6 7 8 ... 14 >>Post Follow-up

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