StockFetcher Forums · View by Author: jimhsu (14 messages) ·  [ Display By: Date / Subject ]<< 1 2 >> 
Filter Exchange · Simplicity! (continuing a tradition on wealth-lab.com)
jimhsu
msg #31633
4/5/2004 9:12:21 PM

Forgot to add... if the stock does not enter on first day, use the high of the next bar (SignalBar+1)


Filter Exchange · Simplicity! (continuing a tradition on wealth-lab.com)
jimhsu
msg #31632
4/5/2004 9:11:04 PM

Fetcher[Stock reached a 100-day new high 6 days ago Stock reached a 4-day low 1 day ago]



Methodology: Stocks tend to resume their trend after a multi-day pullback.
Entry: Enter on STOP above high of signal bar, stop on low of signal bar, or 5% risk.
Exit: Stock stops trending (feel free to define)
Possible problems: Market maker manipulation (leads to frequently stopping out), buying stock when overbought (don't do), etc

Tweak the day settings to your liking.


Filter Exchange · the nr7 pattern definition
jimhsu
msg #29325
10/15/2003 12:45:41 AM

set{nr1,high 6 days ago-low 6 days ago}
set{nr2,high 5 days ago-low 5 days ago}
set{nr3,high 4 days ago-low 4 days ago}
set{nr4,high 3 days ago-low 3 days ago}
set{nr5,high 2 days ago-low 2 days ago}
set{nr6,high 1 days ago-low 1 days ago}
set{nr7,high-low}
nr7 < nr6 and nr7 < nr5 and nr7 < nr4 and nr7 < nr3 and nr7 < nr2 and nr7 < nr1 and
Average Volume(90) is above 20000
60-day slope of close is greater than 0
and Average Volume(7) has been decreasing over the last 5 days
and close is between 1 and 250
and low 1 day ago is lower than high
and 7-day slope of close is near 0
and date offset is 0

--

This is the NR7 price pattern given on http://hardrightedge.com/tour/spring.htm.

Observe that matches usually *START* a strong uptrend or downtrend. I tried to filter out the downtrends, but members here might do better.

Note that absolutely no indicators (except for volume and slope) are used. This is purely price pattern matching.


Filter Exchange · Looking at this filter
jimhsu
msg #29281
10/11/2003 1:05:05 AM

Observations:

-This works for time spans of less than 7 days (usually).
-Use very agressive stop loss techniques. The best trades usually come when the next open of the bar after the trigger is equal to the previous close or slightly lower. Trades usually go strongly up, goes into a very tight consolidation, or (in a few cases) strongly down.
-If a doji is captured, the odds of a successful trade is increased (quite significantly).


Filter Exchange · Looking at this filter
jimhsu
msg #29280
10/11/2003 12:54:45 AM

Check all the date offsets within 7 days. Im getting very decent results. :)


Filter Exchange · Looking at this filter
jimhsu
msg #29278
10/10/2003 7:09:25 PM

Whoops left date offset in there

RSI(5) < 10 and RSI(2) < 3
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05


Filter Exchange · Looking at this filter
jimhsu
msg #29277
10/10/2003 7:08:51 PM

Fetcher[RSI(5) < 10 and RSI(2) < 3
and date offset is 10
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05]

I believe that it is profitable enough to take a look at. ANy comments on how to tweak this?


Filter Exchange · mika's Dragon-Tail filter
jimhsu
msg #29215
10/9/2003 6:38:37 PM

I added "and close is below close 1 day ago" to the filter above.

It cut the total percent losses by another 50% on average. Wow. (this should be nice if you have little capital to work with and can't diversify).


Filter Exchange · Pullback theory
jimhsu
msg #29157
10/7/2003 11:29:57 PM

But of course, i need to tweak the filter a bit so that it filters out higher-probability events... any idea how to do that without getting "0 hits" all the time?


Filter Exchange · Pullback theory
jimhsu
msg #29156
10/7/2003 11:28:59 PM

For the filter ... long. Well, thats a definition of a pullback. :)



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