StockFetcher Forums · Filter Exchange · Short team Call<< >>Post Follow-up
sanket_9999
5 posts
msg #159302
Ignore sanket_9999
7/14/2022 12:26:11 PM

Hi All,

I am using this filter based on RSI(2) to buy short term calls for ETF. Do you suggest any modification?

Close is below MA(5)
Average volume(50) above 500,0000
RSI(2) below 5
stock market is ETF
optionable

xarlor
499 posts
msg #159304
Ignore xarlor
7/14/2022 5:49:32 PM

May I ask what your entry strategy is? DTE, delta?
Likewise, what is your exit strategy? Do you have a profit target you go for? Technical exit?

I prefer to trade with the trend to ensure high probability trades. Your hits each day are definitely lessened, but the quality of the trades increases drastically. My go-to trend filter is wma(150).

Fetcher[
Close is below MA(5)
Average volume(50) above 500,0000
RSI(2) below 5
stock market is ETF
optionable

close > wma(150) for last 30 days
]



sanket_9999
5 posts
msg #159389
Ignore sanket_9999
8/2/2022 1:54:00 PM

Hi My profit strategy is 20% and Stoploss is 50%. I do not see anything comeing for WMA

KSK8
545 posts
msg #159452
Ignore KSK8
8/13/2022 10:21:03 AM

sanket_9999,

I'll save you a mountains-worth of time:

Assuming you're a beginner, I'd strongly encourage you to ditch experimenting around independently and check out some of the strategies posted by TheRumpledOne .You can obtain immediate profitability with some of his filters.

Not trying to discourage you from doing whatever this is, nor discounting the other posters, but you're very likely wasting your time if you're looking to turn this into a mechanical strategy.

Others will very likely agree with me.




StockFetcher Forums · Filter Exchange · Short team Call<< >>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 2022 - 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


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.