StockFetcher Forums · General Discussion · My first contribution - Swing for 1-2 days<< 1 2 >>Post Follow-up
arimont
49 posts
msg #129929
Ignore arimont
7/21/2016 6:49:40 AM

I have combined principals from Elder's system, as well with other stuff I have learned over the years.
So far I have been using this for 3 weeks. It gives me a nice pick almost everyday and over 60% of them worked.

I run the filter before Market opening, choose the one that has the following:
* Is nearing its 3-years high
* Weekly MACD-Histogram slope is "0" or above
* Daily MACD-Histogram is rising, preferabely crossing Zero line
* Force Index is around Zero
Most of the picks worked for around 1 ATR in the first 1-2 days.

Fetcher[
set{a1,high 3 years high}
set{a2,a1*0.97}
set{FrcIndx2,FI(2)/1000000}
set{2ATR,ATR(30)*2}
set{plus, EMA(30) + ATR(30)}
set{sub, EMA(30) - ATR(30)}
set{plus2, EMA(30) + 2ATR}
set{sub2, EMA(30) - 2ATR}


/*Set Stocks Characteristics*/
show stocks where
market is not otcbb and
market is not amex
market is not ETF and
close is between 3 and 150 and
Avgvol(60) above 500000 and
ATR(30) is above 0.75 and

/* First Screen - Weekly MACD-H */
set{2wslope,slope of weekly MACD Histogram(12,26,9)}
2wslope is above -0.001
draw weekly MACD Histogram(12,26,9)

/* Second Screen - Daily */
daily MACD Histogram(12,26,9) has increased last 2 days and
FrcIndx2 is above 0 and
draw RSI(14)

high > a2 and do not draw a2 and
high < a1 and do not draw a1 and
draw high 3 year high and
draw plus on plot close
draw sub on plot close
draw plus2 on plot close
draw sub2 on plot close
draw EMA(30)
add column Average Day Range (30)
add column abs(high minus low)
add column high 3 year high
add column 2wslope

]









arimont
49 posts
msg #129934
Ignore arimont
7/21/2016 8:08:29 AM


A weird thing though, it looks like it happens most of the times: The stock fires the trigger then it goes down for the rest of the day. Only the NEXT day it rallies.
Just for example:
The pick from 29/06/2016 was MO. Entry was 68.20, Exit was 69.60. $1.40 profit.
The pick from 15/07/2016 was CRUS. Entry was 40.20, Exit was 2 days later at 41.09. $0.89 profit.
The pick from 19/07/2016 was LRCX. Enrty was at 89.76. So far its $1.44 up and its still running.
The above are just a few examples.

Today's pick will be YRD above 22.30.






ThaGekko
139 posts
msg #129935
Ignore ThaGekko
7/21/2016 8:34:46 AM

How are you picking your exit, just 1-2 day hold?

arimont
49 posts
msg #129936
Ignore arimont
7/21/2016 8:42:41 AM

Usually I use Day-Trade strategies (EMA(10), VWAP, patterns) to pick my exit. I do it on 15 min candles.

arimont
49 posts
msg #130029
Ignore arimont
7/25/2016 7:14:54 AM

I wasn't by a computer during the weekend so I didn't trade YRD.

My picks for today:
UNH above 144.50, stop-loss at 142.10 ( EMA(30)+ATR(30) )
TAP above 104.15 stop-loss at 100 ( EMA(30) )
XRS above 64.31 stop-loss still to be figured out.
ACC above 53.09 stop-loss at 51.70 ( EMA(30)+ATR(30) )

ThaGekko
139 posts
msg #130030
Ignore ThaGekko
7/25/2016 8:17:47 AM

how are you narrowing down these entries? There are 16 for today, but you have a handful you are looking at.

arimont
49 posts
msg #130034
Ignore arimont
7/25/2016 10:33:48 AM

Out of the stocks that the filter brings I look for the following:
* Daily MACD-H is rising and preferably approaching the zero line from below.
* The previous Daily MACD-H low was lower than the last one.
* Last price is as close to the 3-years high as possible.
* I look at the EMA(30) and its ATR(30) additions for more guidance.



arimont
49 posts
msg #130036
Ignore arimont
7/25/2016 10:45:36 AM

As soon as the position is set I let it run for around half Daily ATR and then I set my stop-loss to the entry price. This way I am no longer risking money.
Then, as the day goes by, I move my exit for HALF of the position forward, using 5 or 15 mins candles and day-trade strategiesin order to take profit. the second half remains at entry price in case the stock goes up again.

Today, XRS got into action. I entered at 64.31, when it crossed 65.00 I set an exit for the whole position at entry price. As the price continued rising I placed an exit for half-position at 65.45 and the rest at Entry price.
So far (10:35 am) I cashed $1.15 on half position. On the rest I cant lose, only profit more if it reverse back up.

arimont
49 posts
msg #130047
Ignore arimont
7/26/2016 5:18:28 AM

Today's pick:

LKQ above 33.75 stop loss at 32.27

ThaGekko
139 posts
msg #130050
Ignore ThaGekko
modified
7/26/2016 8:11:18 AM

why not MSFT/CTAS - looks to match all of your criteria? Is the RSI too high?

StockFetcher Forums · General Discussion · My first contribution - Swing for 1-2 days<< 1 2 >>Post Follow-up

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