StockFetcher Forums · General Discussion · Thanks, TRO<< >>Post Follow-up
Dylan
27 posts
msg #66495
Ignore Dylan
modified
8/21/2008 9:54:12 AM

TRO, youíre a real genius Man!
I looked at one of you RFR statistics filters you suggested and tweaked it around to best fit my need of 1% gain from High minus Open with and outcome of 86 hits over the last 100 trading sessions. Thanks Man!

set{C1A, count(Long_Profit > .04 , 100)}
set{C2A, count(Long_Profit > .09, 100)}
To
set{C1A, count(Long_Profit > .01 , 100)}
set{C2A, count(Long_Profit > .10, 100)}

One question for you, if I wanted to trade these high probability stocks intraday for best possible entry which indicators would you suggests works well? I figure if High minus Open gives you an 86% accuracy of gaining 1% then by entering at an even lower price then the opening should give me better results? What do you think?
I am trying to Grasp the real concept of "Is not what you trade but how you trade".

Thanks,


chetron
2,817 posts
msg #66500
Ignore chetron
8/21/2008 10:59:56 AM

LIKE THIS DYLAN????

Fetcher[





/* Run Forest, Run */

close is between 1 and 15
average volume(90) above 50000

set{volcnt, count(volume above 50000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open}
set{Long_Profit, x1/open }

set{C1A, count(Long_Profit > .01 , 100)}
set{C2A, count(Long_Profit > .10, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .10 , 100)}
set{D2A, count(Long_Profit > .19, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .19 , 100)}
set{E2A, count(Long_Profit > .29, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .29 , 100)}
set{F2A, count(Long_Profit > .39, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .39 , 100)}
set{G2A, count(Long_Profit > .49, 100)}
set{G4050, G1A - G2A}

set{H1A, count(Long_Profit > .49 , 100)}
set{H2A, count(Long_Profit > .99, 100)}
set{H50100, H1A - H2A}

set{I100, count(Long_Profit > .99 , 100)}

add column Long_Profit {ProfitPct}

and add column C0010 {1_10}
and add column D1020 {11_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G4050 {40_49}
and add column H50100 {50_99}
and add column I100 {100}

and add column volcnt
and add column volzero
sort column 7 descending


]



Dylan
27 posts
msg #66503
Ignore Dylan
modified
8/21/2008 11:24:17 AM

Yes, But I also changed the closing from 20 to 200 rather then 1 to 5. I am trading a decent amount of shares daily so i feel more comfortable trading higher priced stocks. But thatís just my preference. Stocks priced 1 to 5 seem to make me scratch my head if it drops a few pennies if you know what I mean.
Although you can get even more creative and changed it to .005, .90 closed between 1 and 200 and you should get 97 hits on PPCO if thatís your cup of tea. Believe me, trading a decent amount of shares add up fast. As TRO mentioned, these are not filters they are Statistics. It seems that the odds are on your side.


TheRumpledOne
6,358 posts
msg #66506
Ignore TheRumpledOne
8/21/2008 11:48:56 AM

One question for you, if I wanted to trade these high probability stocks intraday for best possible entry which indicators would you suggests works well? I figure if High minus Open gives you an 86% accuracy of gaining 1% then by entering at an even lower price then the opening should give me better results? What do you think?
I am trying to Grasp the real concept of "Is not what you trade but how you trade".

====================================================

Best possible indicator is..........

PRICE!!!!

Use my "TRAVEL GUIDE".

If you are trading higher priced stocks, then I would suggest you use FADING THE GAP STATISTICS along with the RUN FOREST, RUN stats.

When you combine the 2, it's like fishing in a barrel with a net.

For example, AAPL likes to fill the gap, and if AAPL moves 10 cents away from the open, chances are it will move at least 50 cents in the same direction. If you "fade the gap", it's almost a "lock". That's why I like to make "AAPL JUICE".

All you need to do is find ONE stock that you can consistently trade profitably and it's GAME OVER. Trading then becomes "boring". And that's exactly how it should be. Vegas is for excitement.









StockFetcher Forums · General Discussion · Thanks, TRO<< >>Post Follow-up

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