four, a little help, you use a sto 40,1,1, I have it set up on thinkorswim to chart as full sto, k , 40 d,1 , is that correct, it sure seems to give good signals when the price pierces the 20 ma and the sto has come up from 20. I guess whether it's correct or not doesn't matter cause it works but just interested. thanks for all your hard work! good holidays to you !
four 5,087 posts msg #133016 - Ignore four modified
12/2/2016 6:40:50 PM
@klynn, thank you for visiting and happy holidays.
You reference:
four
3,378 posts
msg #132869
modified 11/29/2016 12:17:08 AM
-----------------------------------------------------------------------------------
You may use any of the three (picture below) since I do not use the smoothing value.
See the same result occurs...
/*
/* Full Stochastic */
set{fs, Stochastic %K(40,1,1)}
draw fs line at 20
/* Stochastic */
set{s, Stochastic %K(40,1)}
draw s line at 20
/* Williams */
set{w, williams %R(40)}
draw w line at -80
Four,
Am relatively new to trading and you seem to be a wealth of knowledge when it comes to trading and coming up with a variety of filters. I also came across this below code from your read only post earlier and was wondering if you can walk me through the logic and how to trade the set up from below. Anything you can do to help will be appreciated.
Cheers,
Tugga
/* Extreme Finder 1.0 */
sp900
low > 1 and volume > 123123
and close < lower Bollinger band(40,0.4)
and draw ppo(1,20) < -.10
and ppo(1,5) > ppo(1,5) 1 day ago
draw ppo(1,5) 1 day ago < -.05
draw ppo(1,5) line at -.05
draw ppo(1,20) line at -.10
add column annual dividend yield
]
four 5,087 posts msg #133059 - Ignore four modified
I would place stoplimit buy order at high 1 day ago + .02. If it doesn't trade,
cancel order and place the next day--in other words, follow the stock price down until an order is bought.
I only trade stocks with dividends of over 1% (99.999999% of the time).
The other piece is when to get out--there are a million ways to get out for a win AND for a loss. AND remember to manage your money against risk of ruin... etc
Remember to know what your system will do before entering the trade and then follow the process for the ride or the exit. Position Sizing... etc
Read and listen to Michael Covel material:
http://www.trendfollowing.com/resources/
http://www.trendfollowing.com/podcasts/
Read and listen to Ed Seykota (trend trader):
http://www.seykota.com/tt/faq_index/
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