StockFetcher Forums · Filter Exchange · long : rsi(14) equals 0<< >>Post Follow-up
four
3,394 posts
msg #101215
Ignore four
6/12/2011 12:02:29 AM

Fetcher[
set{v, rsi(14) reached a new 5 day low}
draw v
close > 10
volume > 125987
]





lillian
26 posts
msg #101219
Ignore lillian
6/12/2011 3:35:35 PM

four - why is the volume not a round number? just curious if you backtested it.

four
3,394 posts
msg #101222
Ignore four
modified
6/12/2011 4:50:07 PM

1. volume : honestly. the value is where my fingers "dropped on the keys". -- but i do look for more liquid stocks (nothing under 50,000)
2. backtest : by "eyeball". looked at entry. everyone seems to use a different stop/loss and profit goal.
this is not a system, it is a filter

HTH

Kevin_in_GA
3,976 posts
msg #101223
Ignore Kevin_in_GA
6/12/2011 5:57:15 PM

This is actually why I posted the recent thread on system design. Not trying to be overly critical here, but this is just a filter, with no strategy for exit, no rationale inherent in its construction that I can see, and no backtest data to make me comfortable enough to try it.

OK, that did sound overly critical. Sorry. But the points are still valid. If this is of value to others (and I'm assuming it is or there would be no real reason the share it), help others understand WHY they should be interested.

jimvin
89 posts
msg #101224
Ignore jimvin
6/12/2011 6:28:45 PM

For what it's worth, as with one's personal philosophy, approach to life, etc. I think each investor needs to develop their own system, using a filter they like as a starting point. Given this filter, I would test it using my trading style for 4 to 6 weeks (especially in this market), adjusting the parameters of the filter and the way in which I played it to see if it can fit into my in-at-open Monday, out-no-later-than Friday-close with a 5% stop-loss trading style.

I've tried out more than 300 filters from this site in the last 2 years, some with great success (and considerable profit), some with horrifying results (and - thanks to a 5% stop-loss - acceptable losses).

I'm always grateful when someone takes the time and trouble to post a new filter, or an entire system, for experimentation.

four
3,394 posts
msg #101225
Ignore four
modified
6/12/2011 7:35:43 PM

jimvin and kevin,

You both made your individual point eloquently. No sarcasm.

Just noticing your noticings and noticing your wonderings.


thank you

Understanding the Problem: http://mathforum.org/pow/teacher/samples/prealgpow_psc.400.pdf

An opinion: http://www.monkeythrowdart.blogspot.com/ (NOTE: Above filter entered June 1, 2011 -- QID)

djones000buck
206 posts
msg #101452
Ignore djones000buck
7/5/2011 11:52:05 AM

Fetcher[

set{v, rsi(14) reached a new 5 day low}
draw v
close > 10
volume > 125987
add column v

set{trigger1, count(v crossed below 1,1)}
set{trigger2, count(trigger1 one day ago > .9,1)}
set{triggers, count(trigger2 > .9,100)}

set{hiop1p, close 1 day ago * 1.01}
set{hiop1, count(high > hiop1p,1)}

set{got1p, hiop1 + trigger2}
set{get1p, count(got1p > 1.9,1)}
set{get1pc, count(get1p > .9,100)}

set{stat, get1pc / triggers}

stat > .79

and do not draw v
and draw stat
and draw trigger1
and draw get1p

add column stat
add column triggers
sort column 6 descending
]



added some stats just playing around with the filter

four
3,394 posts
msg #130865
Ignore four
modified
9/4/2016 5:23:27 PM



Fetcher[
set{v, rsi(14) reached a new 150 day low}
draw v > 40
draw v line at 40
close > 10
volume > 125987
close > ma(100)
]



StockFetcher Forums · Filter Exchange · long : rsi(14) equals 0<< >>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