StockFetcher Forums · Filter Exchange · * * * close / open * * *<< >>Post Follow-up
four
3,998 posts
msg #99290
Ignore four
2/20/2011 11:31:59 PM

Fetcher[
set{c, close / open}
draw c line at 1
c 1 day ago < .96
avgvol(22) > 25000
close > 1
rsi(2) < 5
rsi(2) 3 days ago > 5
close > open
]


hp722c

duke56468
683 posts
msg #99298
Ignore duke56468
2/21/2011 9:39:03 AM

four.....thanks for all the filters you write, it would really be helpful if you would add a sentence explaining your thinking behind the filters

four
3,998 posts
msg #99300
Ignore four
modified
2/21/2011 11:49:48 AM

duke,

" thinking behind the filters"
*********

Sounds Zen... but I just pretend I have no time line and just keep trying different ideas until I get a filter that "looks right". In my case, the pattern of "immediate profit" see next line. realizing that there has to be some loss or waste when making something.
I don't post many of my tried ideas.

I trade short time frames (but see next line)
As some have said here about me (true), I still have trouble with stops and taking a loss (but we all have things to work on). Still working on money management.

I guess being conservative and worried about "the big drop", I set -- High 1 day ago + .03 -- as my default buy the next day. This keeps me out of most false entries. This I can say is more "objective". You'll find as a stock goes down the previous high is usually higher than the next down day. Going up is the opposite. Adding .03 to the previous high gives an additional cushion.

I accept that not getting into a stock is "OK" and will often try to buy again (usually only 3 days of trying to get a buy and then move on) until the RSI(2) is about 25 (coming up from below).
This I can say is more "objective". I agree with others that RSI(2) does seem to be not so random when it goes lower and "anticipates" the stock will return to its upward path.

I would love to play the long and short etfs against each other but haven't found any filter yet (ideas/filters welcome)

... In sum, my intent is to make money (and have a little fun with this online community - sharing ideas and filters). Hopefully, my filter(s) might get someone else where they want to go -- acts as a catalyst.

Firm believer in diversification -- afraid of risk of ruin. This I can say is more "objective".
I like to add up the dividends -- passive income. This I can say is more "objective".

HTH

four
3,998 posts
msg #99301
Ignore four
modified
2/21/2011 12:06:10 PM

Do you see the pattern here...
see my above answer for information

Fetcher[
set{x, c - d}
draw x crossed below 0.01

set{c, high / low}
set{d, max(open,close) / min(close,open)}
rsi(2) < 10
close > 1
avgvol(22) > 100000
close > open

]



duke56468
683 posts
msg #99307
Ignore duke56468
2/21/2011 6:25:39 PM

Thanks four I appreciate your effort. If I were any good at it I would contribute more.

four
3,998 posts
msg #99313
Ignore four
2/21/2011 7:40:14 PM

Thank you

TheRumpledOne
6,362 posts
msg #99334
Ignore TheRumpledOne
2/22/2011 3:22:20 PM

Fetcher[
set{c, high / low}
set{d, max(open,close) / min(close,open)}
set{x, c - d}
draw x crossed below 0.01

rsi(2) < 10
close > 1
avgvol(22) > 100000
close > open

]



Better to define your variables BEFORE you use them.


mahkoh
891 posts
msg #99341
Ignore mahkoh
2/22/2011 4:37:19 PM

I believe placing a buy stop just above the previous day's high is a sensible entry point and have tried to code this into backtesting without success. I used " price above high 1 day ago ", any of you have a clue as to what the proper code would be?

duke56468
683 posts
msg #99374
Ignore duke56468
2/23/2011 12:10:51 PM

I have had success with "price below pp yesterday" for entry, may work with high also

StockFetcher Forums · Filter Exchange · * * * close / open * * *<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com 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. StockFetcher.com does not recommend particular securities. StockFetcher.com, 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