StockFetcher Forums · Filter Exchange · /* Exits Display */<< >>Post Follow-up
TheRumpledOne
6,407 posts
msg #43533
Ignore TheRumpledOne
5/7/2006 12:34:47 PM

Fetcher[
/* Exits Display */

/* percentage exit - change 0.08 to whatever percent you want to risk */
set{ PctExit1, close 1 day ago * 0.08 }
set{ PctExit, close 1 day ago - PctExit1 }
and add column PctExit

/* daily range exit - keeps you in the trade longer */
set{ DR52WHx, High - low }
set{ DR52WH, DR52WHx 52 week high }
set{ DlyRngExit, close 1 day ago - DR52WH }

and add column DlyRngExit

/* Middle exit - gets you out with most of your profit intact */
set{MidLx1, high 1 day ago + low 1 day ago }
set{MidExit, MidLx1 / 2}

and add column MidExit


/* selection criteria */
close above 20

avg vol(5) above 1000000
avg vol(30) above 1000000

market is nasdaq

add column industry

]



Was reading TASC May 2006 article, "The Bowl Pattern Breakout" by Sharon Yamanaka, and got the idea to create an EXITS DISPLAY filter. The article talked about NTRI, so, of course, that caught my attention since I wrote the "finding the NEXT NTRI" filter. I will have to work on a bowl pattern filter. So many filters, so little time...LOL!

Also, there's been a debate over what is more important the entry or the exit. Most people say the exit is more important. I disagree but that's another discussion.

This filter display uses 2 of the exits the author discussed and my "middle exit".

Hopefully, some of you will add your favorites exits to this display.

MAY ALL YOUR FILLS BE COMPLETE.



StockFetcher Forums · Filter Exchange · /* Exits Display */<< >>Post Follow-up

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