StockFetcher Forums · General Discussion · ADX screen<< 1 2 >>Post Follow-up
skymuse
14 posts
msg #65399
Ignore skymuse
7/24/2008 9:10:45 AM

My variation....I left the commented lines in but it seems to limit the filter too much and nothing comes back.

My backtesting with this variation (25% loss, 9% profit, everything else default) is in the 80% range......

Thanks for the idea!

Fetcher[
/*Skymuse variation*/
/*ADX filter - buy screen*/
/*show stocks where adx(14) 2 days ago had been decreasing for 5 days */
and adx(14) has been increasing for the last 2 days
and adx(14) above 25
and adx(14) above +DI(14)
/*and adx(14) below -DI(14)*/
and -DI(14) above +DI(14)
and +DI(14) has been increasing for the last 2 days
and -DI(14) has been decreasing for the last 2 days
and volume above 100000
and price above 1
]



infront
3 posts
msg #65429
Ignore infront
7/25/2008 9:49:23 AM

Thanks for all the ideas guys i'm playing around with them now. Intresting variation skymuse thanks

marine2
805 posts
msg #65434
Ignore marine2
7/25/2008 2:02:00 PM

Skymuse, what a nice filter you have here. I backtested it against my set of parameters (mainly against a positive market atmosphere) and the results are this: 88% wins, 11% losses, and ROI = 108.46 %.

Those are impressive numbers. Thank you for your fine work.



skymuse
14 posts
msg #65441
Ignore skymuse
7/25/2008 11:49:05 PM

Marine,

Just curious -- what are your settings for backtesting?

I go with a 25% Stop Loss and 9% Profit Stop, and everything else default. With my variation I've also managed to get into the high 80% win range:

Win Lose W/L Ratio Reward/Risk ROI%
89% 11% 8.00:1 22.27 177.25%

Can't wait to try this one for real! Hopefully next week......



skymuse
14 posts
msg #65442
Ignore skymuse
7/25/2008 11:50:17 PM

Infront --

Thank YOU for the idea; I've got some other things I'm playing with on this as well. If anything pans out I'll post back here.

Thanks again; the wheels are spinning....

alexgelf
6 posts
msg #65631
Ignore alexgelf
7/31/2008 10:26:46 AM

When you backtest, do you short or place long positions?

If you short then you get impressive results, otherwise its 10% return in todays market if you go long. Which is still not bad.

StockFetcher Forums · General Discussion · ADX screen<< 1 2 >>Post Follow-up

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