StockFetcher Forums · Filter Exchange · Breakout Trading Filter - GREAT RESULTS!<< 1 2 3 4 5 >>Post Follow-up
nibor100
850 posts
msg #133696
Ignore nibor100
1/12/2017 11:19:29 AM

@miketranz,

Sorry you were offended for some reason by my prior reply, as a form of amends I offer the following:

Researching your 688 posts on this forum I see that you have never posted a clickable filter even though you hinted as far back as April 2010 that you would learn how to do it.

this is my understanding on how it is done from searching the forum:

"to make things "clickable" .... just type the following (get rid of the spaces between each letter):

f e t c h e r [

(put you filter here)

]

...."

Hope this helps,
Ed S.





miketranz
900 posts
msg #133699
Ignore miketranz
1/12/2017 12:33:26 PM

Thanks Ed,I appreciate that.Miketranz....

shillllihs
5,683 posts
msg #133703
Ignore shillllihs
1/12/2017 1:42:34 PM

Awww...

wilson
15 posts
msg #134035
Ignore wilson
2/3/2017 12:58:08 PM

HI Ed and everyone,

So in terms of how I traded the stocks with this filter, well, I more or less waited for a sweet spot to get in. That was usually either a candlestick formation, large white candle, or either of those with higher than usual volume. I used my eye for a lot of it. It could have been the first day the stock came up or at some point later. I did not place any exit stops (although that might have helped). I would have anywhere between 8-20 stocks in play at a given time and cut my losers pretty fast, let my winners ride a bit. It was kind of like 2 steps forward, one step back...over and over. It wasn't pretty, but it worked. (I also got killed cus of commissions due to so many trades) Had I been trading more seriously with more time put into it I think I could have done even better. I did not necessarily enter every stock the day they came up or the day after. It is important to look back at (scan) the results day by day from the previous month and look for better entry points. My hold times were anywhere from 1 day to a few weeks, usually on the shorter side.

Ed, I appreciate your efforts to back-test and quantify this filter with a system that has more rules. I used to back-test more seriously when stockfetcher had their back-testing. Please do not hesitate to ask me or have me clarify anything else. I am all for tweaking, changing and updating and back-testing this filter. Keep at i!!

Best to all.


nibor100
850 posts
msg #134043
Ignore nibor100
2/3/2017 11:12:29 PM

@wilson,

A couple of quick questions based on your latest post

You mention only taking trades when there is either a white candle and/or a candlestick pattern showing up for any of your filter results' stocks..

1. Since your filter requires a whiite candle in order for a stock to be in the results, are you looking for a second white candle to occur before placing a trade?

2. The backtesting sw I use has 84 canned candlestick patterns and Stockfetcher has at least 44 canned candlesick patterns. Could you list the ones you are primarily looking to see, before you initiate a trade?

Thanks,
Ed S.




wilson
15 posts
msg #134047
Ignore wilson
2/4/2017 1:07:40 PM

@ed

in regards to the candlesticks, well, sometimes I like the way the stock looks the day it comes up, sometimes not. If not, I will wait for a better setup. I cannot really say to look specifically for this candlestick formation or that one etc...but conceivably, you could play around and add the "sf pre made" ones you like to the filter and test them out. in general though, a large white candlestick with high volume is bullish. Sometimes its better to get in on a day when the stock is down after a big white candle day. Its not really an exact science though...

hope that helps



graftonian
1,079 posts
msg #134049
Ignore graftonian
2/4/2017 4:03:32 PM

Wilson, thanks for posting your filter, but I am having a bit of trouble understanding the reasoning behind it.

I wrote this brief simplified code to see if I understand the basic concept. Just wrote the code to try and make it more graphic. (Can't read, need pictures). Your thoughts?
Fetcher[
Average Volume(30) > 100000
SET{200AVGa, EMA(200) + MA(200)}
SET{200AVG, 200AVGa / 2 }
DRAW 200AVG ON PLOT PRICE
SET{MA80LO, MA(80) * .85}
SET{MA80HI, MA(80) * 1.15}
DRAW MA80LO ON PLOT PRICE
DRAW MA80HI ON PLOT PRICE
SET{MA400LO, MA(400) * .75}
SET{MA400HI, MA(400) * 1.25}
DRAW MA400LO ON PLOT PRICE
DRAW MA400HI ON PLOT PRICE
SET{B1, COUNT(200AVG < MA80HI, 1)}
SET{B2, COUNT(200AVG > MA80LO, 1)}
SET{B3, COUNT(200AVG < MA400HI, 1)}
SET{B4, COUNT(200AVG > MA400LO, 1)}
SET{BINGO2, B1 + B2}
SET{BINGO1, BINGO2 + B3}
SET{BINGO, BINGO1 + B4}
PLOTTYPE{BINGO, ZEROBAR}
DRAW BINGO
ADD COLUMN BINGO
SORT ON COLUMN 5 DESCENDING
and Close is between .25 and 12.0
and Close reached a new 80 day high

and close above open

and close above ma(400)

]



wilson
15 posts
msg #134284
Ignore wilson
2/14/2017 12:45:41 PM

@graftonian

hi there,

sorry it took me so long to respond. Your filter appears to perhaps be a different way of doing the same things with my filter but with different syntax. It seems that way, but I cannot say I am sure. But you have variables set that are not being used. The way the filter is currently written its only pulling up 80 day highs. the filter isn't doing anything else.

My filter is essentially a version of a consolidation and breakout set up. Its just one of many many ways of doing the same, or similar things. Its trying to take into account stocks that have been trading somewhat "steady" for a while, or in a "range" for a while, and then are beginning to move. It can pull up stocks at the beginning of a big run, in the middle of a big run, or at the end of a big run. Its relative though. Since moving averages values are dependent on price, setting percentages as they relate to other moving averages will only bring up stocks in certain price ranges. Playing around with different lengths of time and different percentages will bring up very different results. And I encourage you or anyone to do just that. I wanted to share my filter in part to get people to help me change it, or improve it. Hope that helps.

Best to all.

jake1215
13 posts
msg #134380
Ignore jake1215
2/17/2017 3:33:49 PM

Hey you're filter sucks lol

shillllihs
5,683 posts
msg #134382
Ignore shillllihs
2/17/2017 6:27:43 PM

Let me try to help a sucky filter



Fetcher[
ETF
Average Volume(30) > 100000
SET{200AVGa, EMA(200) + MA(200)}
SET{200AVG, 200AVGa / 2 }
DRAW 200AVG ON PLOT PRICE
SET{MA80LO, MA(80) * .85}
SET{MA80HI, MA(80) * 1.15}
DRAW MA80LO ON PLOT PRICE
DRAW MA80HI ON PLOT PRICE
SET{MA400LO, MA(400) * .75}
SET{MA400HI, MA(400) * 1.25}
DRAW MA400LO ON PLOT PRICE
DRAW MA400HI ON PLOT PRICE
SET{B1, COUNT(200AVG < MA80HI, 1)}
SET{B2, COUNT(200AVG > MA80LO, 1)}
SET{B3, COUNT(200AVG < MA400HI, 1)}
SET{B4, COUNT(200AVG > MA400LO, 1)}
SET{BINGO2, B1 + B2}
SET{BINGO1, BINGO2 + B3}
SET{BINGO, BINGO1 + B4}
PLOTTYPE{BINGO, ZEROBAR}
DRAW BINGO
ADD COLUMN BINGO
SORT ON COLUMN 5 DESCENDING

and Close reached a new 80 day high

and close above open

and close above ma(400)
]



StockFetcher Forums · Filter Exchange · Breakout Trading Filter - GREAT RESULTS!<< 1 2 3 4 5 >>Post Follow-up

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