Kevin_in_GA
4,599 posts
msg #130094
- Ignore Kevin_in_GA |
7/27/2016 4:01:00 PM
Just put some money down on these - fingers crossed.
BEAV - short 400 shares at $49.226
AVY - short 250 shares at $79.553
EXAS - short 1200 shares at $16.796
Noticed that CRY also triggered near the end of the day but I did not enter any trades with it.
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johnpaulca
12,036 posts
msg #130095
- Ignore johnpaulca |
7/27/2016 4:56:57 PM
My guess is that it will work more effectively with lower priced stocks and small float... < $10...just a guess!!
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Kevin_in_GA
4,599 posts
msg #130098
- Ignore Kevin_in_GA |
7/27/2016 8:15:32 PM
That might be true but you would have missed all of the recent trades I posted if you kept the price under $10. I really am focused on highly liquid stocks that IB carries in sufficient quantities to make the trade friction as small as possible.
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shillllihs
6,049 posts
msg #130100
- Ignore shillllihs |
7/27/2016 9:30:03 PM
What would it look like if you added
LOW ABOVE UPPER BOLLINGER(20) somewhere and maybe even getting in on a red candle
eod. or close to. May not return many hits.
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Kevin_in_GA
4,599 posts
msg #130101
- Ignore Kevin_in_GA |
7/27/2016 9:37:45 PM
That is pretty close to the "red floater" that JP was talking about. As I had stated earlier, this was exactly what got me thinking about developing a one day shorting filter. If you run "Filter Performance" against what I posted you can see that, on average, you get more red next days than green and they are often quite profitable. It might be a higher win % for a red floater but they are much less frequent so I would go for more trades at a possibly lower per trade win% as a way to maximize returns.
Again, I would counsel folks to do their own diligence on ANY filter posted here, including mine. This one has not been as thoroughly vetted as I would like, and I most likely jumped in too soon on today's trades, but I'll see what happens by the end of the day tomorrow.
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arimont
57 posts
msg #130110
- Ignore arimont |
7/28/2016 3:49:14 AM
Just to be sure I got it right:
when you say "The user-defined variable tradesize can be set for whatever your typical trading size might be. " you mean "how much capital I am putting in this trade in $ terms"?
for example if I am willing to put $1000 on a $20 stock then tradesize would be 50?
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Kevin_in_GA
4,599 posts
msg #130115
- Ignore Kevin_in_GA
modified |
7/28/2016 7:44:35 AM
Correct - the code here just lets you know how many shares are to be shorted for a given trade size in dollars. I used the ROUND() function here set at 0 (to the nearest whole number) but if you set it for 1 or 2 you'll get it to the nearest 10 or 100 shares, respectively.
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BarTune1
441 posts
msg #130117
- Ignore BarTune1 |
7/28/2016 9:21:18 AM
Kevin,
EXAS is shaping up pre-market to look like a pretty good trade.
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johnpaulca
12,036 posts
msg #130119
- Ignore johnpaulca |
7/28/2016 9:43:13 AM
EXAS...still too many buyers to short. Waiting to see who shows up below $16 would be prudent.
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Kevin_in_GA
4,599 posts
msg #130126
- Ignore Kevin_in_GA |
7/28/2016 11:15:08 AM
BEAV - bought to close 400 shares at $48.159 (Net $425)
AVY - bought to close 250 shares at $77.829 (Net $180)
EXAS - should have sold at the open for a quick 5%. Now at $16.90 so I'm down about $95. Will hold on through the rest of the day to see what happens.
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