StockFetcher Forums · Filter Exchange · profit checker - long only<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,362 posts
msg #55719
Ignore TheRumpledOne
modified
10/15/2007 7:59:44 PM

Fetcher[
/* profit checker - long only */
apply to symlist(aapl,rimm,goog,bidu,wynn)
set{ LongProfit, high - open}
set{Long10, count(longprofit above .10, 100) }
set{Long50, count(longprofit above .50, 100) }
set{Lose, Long10 - Long50}

add column Lose
add column LongProfit
add column Long10
add column Long50

and add column cma(longprofit, 100)

sort column 5 ascending
]



How many times does it lose?

If a stock goes up a dime, how many times does it run up $.50?

As of Oct 15:

BIDU went up $.10 or more from the open 97 times out of the last 100 days.

BIDU went up $.50 or more from the open 92 times out of the last 100 days.

It should be obvious to the reader... LOL!! ( I always hated when they said that in math books showing proofs )

Of course, you can change the parameters to fit the stocks you trade but this shows just how simple it can be to take money from the market.

Think about it... the price of a stock either stays the same or goes up or goes down. That's it, only 3 possibilities. All we have to do is determine which way it is going and the "probability" it will continue in the same direction.

My MILK THE COWS (BuyZone) Strategy of entering the trade at/near the open at/near the open price takes full advantage of this fact. If a stock goes up from the open, then you go long and if it goes down, you go short. Having the statistics of how (far) the price usually moves gives you an edge. You don't need any indicators just watch the price.

92 / 97 = 94% Do you like those odds?










bbrodka
14 posts
msg #55725
Ignore bbrodka
modified
10/15/2007 8:29:59 PM

how about with one line change? better? 94/99
set{ LongProfit, open - low}

luc1grunt
622 posts
msg #55726
Ignore luc1grunt
10/15/2007 8:30:53 PM

Very nice Avery. Thank you.

TheRumpledOne
6,362 posts
msg #55728
Ignore TheRumpledOne
10/15/2007 8:57:07 PM

how about with one line change? better? 94/99
set{ LongProfit, open - low}

That would be SHORT PROFIT!!

set{ ShortProfit, open - low}

I didn't want to confuse people. I have been accused of making complicated filters.



bbrodka
14 posts
msg #55730
Ignore bbrodka
10/15/2007 9:01:52 PM

sorry, still learning

I was thinking it would be .10 above the low of the day

TheRumpledOne
6,362 posts
msg #55731
Ignore TheRumpledOne
10/15/2007 9:09:39 PM

Fetcher[
/* profit checker - short only */
apply to symlist(aapl,rimm,goog,bidu,wynn)
set{ ShortProfit, open - low }
set{Short10, count(Shortprofit above .10, 100) }
set{Short50, count(Shortprofit above .50, 100) }
set{Lose, Short10 - Short50}

add column Lose
add column ShortProfit
add column Short10
add column Short50

and add column cma(Shortprofit, 100)

sort column 5 ascending
]



Short Version

drew9
171 posts
msg #55736
Ignore drew9
10/15/2007 11:53:57 PM

Once again Avery, your strategy of "its not what you trade - but how you trade them" really shines here! Believe it or not, for the folks with larger accounts, this could perhaps be one of the best filters ever! What terrific insights. Great job and thanks again for all your efforts here!

Drew

maxbasily
57 posts
msg #55738
Ignore maxbasily
10/16/2007 7:38:15 AM

Rumpled , I tried playing around with the filter to insert some of my own ideas - but I failed miserably...

How would you modify the "profit checker long" to show me stocks that:

" went up (most times out of 100) 1% from the open WITHOUT dropping more than 1/or2/or 3% during the day"

would be great! thx

TheRumpledOne
6,362 posts
msg #55751
Ignore TheRumpledOne
modified
10/16/2007 2:02:38 PM

Image and video hosting by TinyPic



BIDU $6 + above buyzone

AAPL, WYNN and GOOG $3 + above buyzone

RIMM $2 + above buyzone

Seeing is believing. This is the way it is everyday.


TheRumpledOne
6,362 posts
msg #55752
Ignore TheRumpledOne
modified
10/16/2007 2:13:35 PM

Rumpled , I tried playing around with the filter to insert some of my own ideas - but I failed miserably...

How would you modify the "profit checker long" to show me stocks that:

" went up (most times out of 100) 1% from the open WITHOUT dropping more than 1/or2/or 3% during the day"

would be great! thx
=================================================

Fetcher[
/* profit checker - modified for maxbasily */

set{ LongProfit, high - open}
set{Long10, count(longprofit above .10, 100) }
set{Long50, count(longprofit above .50, 100) }
set{Lose, Long10 - Long50}

set{ ShortProfit, open - low }
set{ xdrop, .01 * close }
set{ Short1, count(ShortProfit below xdrop , 1) }
set{LongTest, count(longprofit above .10, 1) }

set{TradeTest, Short1 * LongTest }
set{TradeCnt, count( TradeTest above 0, 100) }

add column TradeCnt

add column Lose
add column LongProfit
add column Long10
add column Long50

add column separator

add column Short1
add column LongTest
add column TradeTest

and add column cma(longprofit, 100)

volume above 1000000
TradeCnt above 50
Long10 above 50

sort column 5 descending
]




I think I coded what you wanted maxbasily.

For 2% use: set{ xdrop, .02 * close }

NOTE... the other columns are still the same. So the LOSE column is for all 100 days not just the tradecnt days.





StockFetcher Forums · Filter Exchange · profit checker - long only<< 1 2 3 >>Post Follow-up

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