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shillllihs 5,974 posts msg #116091 - Ignore shillllihs modified	10/20/2013 2:22:02 AM I was looking thru my filters and have this down as 3 Day Poppers. Is this something i converted or was this all yours? Fetcher[ /KEVIN'S TRADE THE WEEKLY OPEN GAP DOWN STRATEGY/ /FIRST, SET KEY VARIABLES - LAST WEEK'S CLOSE AND THIS WEEK'S OPEN/ set{horizontal1, weekly close 1 week ago} set{open1, weekly open} /SECOND, DETERMINE IF A GAP DOWN OCCURS, AND IF IT WAS THEN FILLED/ set{gapdown, count(open1 below horizontal1,1)} set{stats, count(weekly high above horizontal1, 1)} set{gapfill, gapdown * stats} /THIRD, COUNT THE FREQUENCY OF GAPS DOWN THAT WERE FILLED OVER THE LAST 100 WEEKS/ set{gapdown100, count(gapdown above 0.5,100)} set{gapfill100, count(gapfill above 0.5,100)} set{pct_gapfill, gapfill100 / gapdown100} /FINALLY, DETERMINE THE POTENTIAL GAIN FROM THIS WEEK'S GAP DOWN/ set{gapsize, horizontal1 - open1} set{gain2, gapsize / open1} set{gain, gain2 * 100} /NOW ADD COLUMNS WITH KEY DATA AND SORT THEM FROM HIGHEST PERCENT GAP FILLED TO LOWEST/ add column pct_gapfill {percent gap filled} add column gapdown100 add column gapfill100 add column horizontal1 {last week's close} add column open1 {weekly open} add column gain {gain(%)} add column ATR(50) sort on column 5 descending /SET SCREENING CRITERIA FOR USE AT MONDAY'S OPEN. SINCE BIG GAPS DOWN ARE LESS LIKELY TO BE FILLED, SCREEN OUT ANY GAPS DOWN THAT OPEN BELOW LAST WEEK'S LOW/ weekly open below weekly close 1 week ago weekly open above weekly low 1 week ago /ADDED CHECK - THE GAP TO BE FILLED SHOULD BE LESS THAN THE ATR(50). THIS WILL ALSO HELP TO SCREEN OUT BIG GAPS DOWN THAT ARE UNLIKELY TO BE FILLED THIS WEEK/ gapsize below ATR(50) /SET A MINIMUM FREQUENCY FOR GAPS DOWN - THE HIGHER THIS IS, THE STRONGER THE STATISTICAL RELEVANCE - I CHOSE 30 HERE BUT YOU CAN SET IT TO ANYTHING YOU WANT (HIGHER WILL GIVE FEWER HITS). I ALSO WANT THE RETURN TO BE AT LEAST 2%/ gapdown100 above 30 gain above 2 /STANDARD LIQUIDITY REQUIREMENTS/ close between 1and 1.60 average volume(30) above 100000 chart-display is weekly draw gapfill draw gapdown ]
Kevin_in_GA 4,599 posts msg #116096 - Ignore Kevin_in_GA	10/20/2013 9:28:48 AM That was one I did, but it looks like you might have refined the liquidity requirements for your trading style. I normally set this at "above 2".
shillllihs 5,974 posts msg #116109 - Ignore shillllihs	10/20/2013 4:57:55 PM well i don't play these since they seem a little risky but may in the future.
Kevin_in_GA 4,599 posts msg #116120 - Ignore Kevin_in_GA	10/20/2013 10:04:29 PM That's fine - I don't use most of the filters I design. A lot of the time I do this for fun, and am happy to share new trading ideas with folks here. I try to backtest (a LOT, nowadays) to be sure it's not crap before posting anything. Backtesting is SFs Achilles' heel and I can't always code these in StrataSearch.

StockFetcher Forums · General Discussion · For Kevin

<< >>Post Follow-up

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