StockFetcher Forums · Filter Exchange · KSK8 Alternate Long Filter<< >>Post Follow-up
snappyfrog
653 posts
msg #146337
Ignore snappyfrog
1/30/2019 10:19:57 PM

I took a recent "short" filter by KSK8 and tried making it a "long" optionable filter. Improvements? Comments?

Fetcher[
/* long open, take profit at 10% or cover at close */
/*alteration of KSK8 filter*/
/*https://www.stockfetcher.com/forums/General-Discussion/1-600-with-only-42-trades/146107/10*/

set{x1, average true range(1)}
set{x2, CEMA(x1, 14)}
set{x3, x1 / x2}
set{x4, high - open}
set{x5, x4/open }
set{x6, count(x5 > .02 , 100)}
set{x7, count(close > 0.1,1)}
set{x8, count(close < 100,1)}
set{x9, count(volume > 1000000,1)}
set{x10, count(rsi(2) < 5,1)}
set{x11, count(close is 10% above open,1)}
set{x12, count(x6 > 80,1)}
set{x13, x7*x8}
set{x14, x13*x9}
set{x15, x14*x10}
set{x16, x15*x11}
set{x17, x16*x12}
set{x18, count(x3 > 3,1)}
set{final, x17*x18}

final < 1.9
add column final


market is not OTCBB
market is not ETF
close is between 5 and 20
volume > 1000000
Average Volume(30) > 5000000
optionable
]



snappyfrog
653 posts
msg #146338
Ignore snappyfrog
1/30/2019 10:24:05 PM

A little better results:

Fetcher[
/* long open, take profit at 10% or cover at close */
/*alteration of KSK8 filter*/
/*https://www.stockfetcher.com/forums/General-Discussion/1-600-with-only-42-trades/146107/10*/

set{x1, average true range(1)}
set{x2, CEMA(x1, 14)}
set{x3, x1 / x2}
set{x4, high - open}
set{x5, x4/open }
set{x6, count(x5 > .02 , 100)}
set{x7, count(close > 0.1,1)}
set{x8, count(close < 100,1)}
set{x9, count(volume > 1000000,1)}
set{x10, count(rsi(2) < 5,1)}
set{x11, count(close is 10% above open,1)}
set{x12, count(x6 > 80,1)}
set{x13, x7*x8}
set{x14, x13*x9}
set{x15, x14*x10}
set{x16, x15*x11}
set{x17, x16*x12}
set{x18, count(x3 > 3,1)}
set{final, x17*x18}

final < 1.9
add column final


market is not OTCBB
market is not ETF
close is between 5 and 20
volume > 1000000
Average Volume(30) > 5000000
optionable
close > EMA(8)
]



KSK8
561 posts
msg #146352
Ignore KSK8
1/31/2019 2:10:10 PM

Snappy,

I appreciate the attempt you made to inverse the system but the original shorting system is based purely upon psychological factors that hold no correlation to the inverse long version. Fear is stronger than greed. FOMO traders will dump shares faster in fear then buy shares quicker with greed. Nevertheless, if it works for you then fantastic! I wouldn't understand why because from my standpoint, I view the bear version of this working because of a psychological phenomenon that transpires under the criteria.

However, if you are one the several waiting for my killer long system that I plan to post, then fear not, it will be out soon!

snappyfrog
653 posts
msg #146355
Ignore snappyfrog
1/31/2019 2:33:32 PM

I just like dissecting filters and seeing if I can make them work both ways and if there is truly any value. You are correct that stocks fall faster than they climb normally. But, I like to be able to make money in any market.

I am not one that is "looking forward" to your long filters, but will gladly pick it apart to see if there is anything I can use that fits my style of of swing trading stocks and options.

KSK8
561 posts
msg #146356
Ignore KSK8
1/31/2019 2:39:06 PM

If you are seeking a profitable filter, then this is not the way to do it especially if you do not understand the components behind it.

You are taking apart a car and trying to make it into an airplane.



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