bagsby32
23 posts
msg #99775
- Ignore bagsby32
modified |
3/19/2011 5:32:41 AM
Where can I find info on how to write exit filters for my scans? Any examples of exit filters would be helpful. Thanks.
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four
5,087 posts
msg #99787
- Ignore four |
3/19/2011 8:15:06 PM
I don't know your entry criteria...
ideas
1. exit when close crosses over a moving average :: close crossed above ema(5)
2. exit when rsi crosses above a value :: rsi(2) crossed above 29
3. exit with a profit or number of days :: .25 profit or 3 days since buy
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bagsby32
23 posts
msg #99795
- Ignore bagsby32 |
3/20/2011 8:10:06 PM
Four, thank you for taking the time. You have me heading in the right direction.
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jimvin
170 posts
msg #99800
- Ignore jimvin |
3/20/2011 11:53:12 PM
Another approach is to set a traiking stop-loss on your picks. O'Neill recommends 8%, but I've found the market too volatile; others recomend from 5% to 10%. For my style of trading (buy Monday at open, sell Friday at 3:30) that a 5% loss works well.
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