StockFetcher Forums · Filter Exchange · rsi3 and rsi2<< 1 2 >>Post Follow-up
four
3,995 posts
msg #91119
Ignore four
modified
4/13/2010 1:16:11 AM

Request: Please suggest an exit strategy (stoploss?)

Fetcher[
rsi(3) < 10 1 day ago
rsi(2) > rsi(3) 1 day ago

close > .50
volume > 100000

chart-length is 4 months
offset 2/12/10
]



hp722c

gmg733
619 posts
msg #91448
Ignore gmg733
4/20/2010 7:05:37 PM

Don't know what you're looking to do, but how about...

After entry, stoploss is below prior day low + YxATR
Move stop loss everyday to current or prior day low until break even
Let the winner run and move stops below swing point lows

Or maybe try this...

http://www.youtube.com/watch?v=xE3kX7j7h2c

four
3,995 posts
msg #91466
Ignore four
4/20/2010 11:39:13 PM



Please provide more information: "move stops below swing point lows"

Thanks, again

four
3,995 posts
msg #91506
Ignore four
modified
4/21/2010 10:46:05 PM

@gmg733, thank you

------StopLoss and BuyLimit--------

Fetcher[
rsi(3) < 10 1 day ago
rsi(2) > rsi(3) 1 day ago

close > .50
volume > 100000

chart-length is 4 months
offset 2/12/10

set{varx, high minus low}
set{vary, varx / 2}
set{buy, max(close,open) plus vary}
draw buy on plot close
add column buy

set{varxx, high minus low}
set{varyy, varxx*1}
set{sell, min(close,open) minus varyy}
draw sell on plot close
add column sell
]



gmg733
619 posts
msg #91518
Ignore gmg733
4/22/2010 8:15:06 AM

Standard swing trading stuff. You trail the stop unitl break even. Then let her ride. The position, assuming long, will move up and then pull back creating a swing point low, i.e. where most swing traders enter, and then simply move the stop up to that point after it resumes its up trend..

Look at FCX from about July to Dec of last year. You'll move the stop under at the swing low points.

fortyfour
185 posts
msg #91519
Ignore fortyfour
modified
4/22/2010 9:16:23 AM

Hey four,

Like your filters... can you make this one better? I am not realy happy with it.

Who doesnt occasionally mis-trust sell offs due to tea leaves etc.... and does not pull the trigger ?

This filter tries to latch that event( the selloff) ....... and wait for a re-test and hold of the recent low after showing some sign of strength

Sort of a short term double bottom. I think one could specialize in this pattern alone ,but..... say goodbye to "V" bottoms.

Its easy to see where the stop should go .

Add the trend phrase and you got pullbacks ? Well maybe a few....







Fetcher[DAYS(RSI(4) < 25, 7) IS ABOVE DAYS(RSI(3) > 80,5)
AND DAYS(RSI(2) > 80,5) IS ABOVE -1

AND RSI(2) CROSSED BELOW 20

AND CLOSE IS ABOVE 10 DAY LOW
volume > 100000
chart-length is 4 months
CLOSE > 3

/*ADD THE PHRASE BELOW FOR A PULLBACK IN A TREND*/
/*AND MA(10) IS ABOVE MA(30)*/


DO NOT DRAW 7 DAY LOW
OFFSET 50
]




four
3,995 posts
msg #91524
Ignore four
4/22/2010 12:29:14 PM

fortyfour,

thanks for the thoughts
and critique



four
3,995 posts
msg #91550
Ignore four
4/23/2010 10:44:13 AM

gmg733


Thank you

four
3,995 posts
msg #91586
Ignore four
4/24/2010 1:18:19 AM

Professional Stock Trading
System Design and Automation
Mark R. Conway, Aaron N. Behle

ISBN 0-9718536-4-9

Has anyone read this book?

four
3,995 posts
msg #92339
Ignore four
5/8/2010 2:11:55 AM

-fortyfour
RE: 4/22/2010 9:16:23 AM

This catches 'V' bottom

---
Fetcher[
draw rsi(2)
close > 1
volume > 123123

rsi(2) crossed below 75 within the last 1 days

rsi(2) < 25
close > open
chart-length is 4 months
offset 3/4/2010
set{v1, day point range / 5}
set{buy, max(close,open) + v1}
draw buy on plot close
add column buy
]




StockFetcher Forums · Filter Exchange · rsi3 and rsi2<< 1 2 >>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