StockFetcher Forums · Filter Exchange · Swing Trading with Larry Connors<< 1 2 >>Post Follow-up
miketranz
807 posts
msg #150679
Ignore miketranz
2/5/2020 5:09:45 PM

My pleasure.Miketranz...

stephenmcmahon83
12 posts
msg #150683
Ignore stephenmcmahon83
2/6/2020 6:31:01 AM

This is a Connors buy the dip filter for S&P 500 stocks ONLY. While the edge in some of Connors signals have diminished post-discovery somewhat in recent years, this one has continued to perform well between 2015-2020, according to my testing

S&P 500 stocks only
Yesterday is a -4% down day. Enter a limit order to buy if the stock drops another -4% today. Exit once the CRSI close above 50, or within 16 days on entry, whichever comes first.

Fetcher[
market is s&p 500
set{trigger, close from 1 day ago * 0.96}
set{sharestobuy, 10000/trigger}
close above 1
close is below day position(0.4,1)
average volume(21) above 200000
adx(5) above 50
low divided by close from 1 day ago is less than .96
add column trigger
add column sharestobuy
add column Connors RSI(3,2,100)
add column market cap
sort by column 7 ascending
draw Lower Bollinger Band(20,2.5)
]



Cheese
868 posts
msg #150689
Ignore Cheese
2/6/2020 10:22:36 AM

stephenmcmahon83 2/6/2020 6:31:01 AM
S&P 500 stocks only
Exit once the CRSI close above 50, or within 16 days on entry, whichever comes first.

market is s&p 500
set{trigger, close from 1 day ago * 0.96}
set{sharestobuy, 10000/trigger}
close above 1
close is below day position(0.4,1)
average volume(21) above 200000
adx(5) above 50
low divided by close from 1 day ago is less than .96
add column trigger
add column sharestobuy
add column Connors RSI(3,2,100)
add column market cap
sort by column 7 ascending
draw Lower Bollinger Band(20,2.5)
========================================================================

Thank you very much, stephen !

xarlor
301 posts
msg #150703
Ignore xarlor
2/6/2020 3:31:52 PM

2/4/2020 10:49:30 AM
Thanks! Any favorites? Have you noticed higher percentages with any particular filter?


@Samhill, the ones with higher percentages are the ones that occur the least often. Larry Connors books show this pattern repeatedly - the stricter the rules, the less times it hits, but they have a higher win%. Of those listed, VXX Short, Terror Gap, and Buying into Further Weakness intra-day are examples of low occurrence but high win%.

The RSI(2)s, Double 7s, and Powerzones have frequent occurrences, but their win% is less than the three above. According to Connors backtesting through 2017, the win% on these is still 70%+.

The intra-day trades on here are nigh impossible to catch using SF since by the time the filter shows with its 20-minute delay, they have already bounced back in real time. I recreated these with a thinkorswim scan and they work beautifully.



Samhill
5 posts
msg #150768
Ignore Samhill
2/13/2020 6:09:56 AM

Thanks Xarlor,

I'm more of a Swing Trader (days to weeks), and I'm finding it difficult to determine who here is Swing trading vs. Day Trading.

arenas
14 posts
msg #150773
Ignore arenas
2/13/2020 1:39:08 PM

Hello, I would please like the candlestick scan for the Bullish Doji Sandwich. Thank You Very Much, Arnie

stephenmcmahon83
12 posts
msg #150985
Ignore stephenmcmahon83
2/28/2020 3:42:19 PM

Well, this is certainly the most fertile period we have seen for Larry Connors signals triggering in the last 10 years.

Are you guys taking the signals and buying anything? Sitting on the sidelines? Backtesting new ideas?

xarlor
301 posts
msg #150987
Ignore xarlor
2/28/2020 5:28:59 PM

I had in the past looked at how Larry Connors performed during black swan events. As expected, they lose, just as most strategies do when hit with global events. As such, I am not playing any Larry Connors filters during this correction.

Note that Connors' backtesting included losses from black swan events. If you can avoid the events and pick the strategy back up once stabilized, I imagine the win percentages are even higher than his testing showed.

StockFetcher Forums · Filter Exchange · Swing Trading with Larry Connors<< 1 2 >>Post Follow-up

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