StockFetcher Forums · Filter Exchange · Weekly Reversal Strategy<< 1 2 3 >>Post Follow-up
Cheese
942 posts
msg #154331
Ignore Cheese
modified
10/14/2020 4:22:20 PM

Thank you Graf

I empathize with your dilemma

Sometimes weekly indicator1 (shorter average) could be < weekly indicator2 (longer average)
while weekly CrossingAngle > 0 and weekly MomentumAngle > 0

Cheese
942 posts
msg #154332
Ignore Cheese
modified
10/14/2020 6:36:47 PM

xarlor,

Did you really mean to set weekly exit like this

set{exit,count(close crossed below ema(10),1)}
exit > -1

I know it seems like a dumb question
but it seems like sometimes scaling in with weekly exit signals might be more profitable.
In some way, this also seems to be true with the daily swing exit signal.

Respectfully, I have a nagging feeling that there might be something missing with the system in the video

I hope nobody will feel offended because that's not my intention,
But at the end of the day, for my money, snappy's CMA(PVI,10) may be a little clearer and a little safer.

Thanks

Cheese
942 posts
msg #154333
Ignore Cheese
10/14/2020 7:49:35 PM

Thank you, davesaint86, graftonian and xarlor

This thread and Steven Cawiezell's video are about reversals,
and Parabolic SAR was created to help us with reversals.

So, I thought what if we add Parabolic SAR to some of the filters.
Maybe Parabolic SAR could reduce some of the false flags?

Just a thought.
You decide.





davesaint86
562 posts
msg #154336
Ignore davesaint86
10/15/2020 10:17:44 AM

https://www.traderspro.com/#/indexes/marketETFs

I think this used to be Stockoodles. Looks like they have a paid subscription now also.

xarlor
329 posts
msg #154338
Ignore xarlor
10/15/2020 2:45:13 PM

xarlor,

Did you really mean to set weekly exit like this

set{exit,count(close crossed below ema(10),1)}
exit > -1


Yes, I meant the weekly exit to be the close crossing below EMA(10). That's what the author alludes to as an exit, though it is not explicitly stated in the video. He may have slightly different criteria, but it definitely seems to be based on price crossing EMA(10) in some fashion.

I tried playing around with Parabolic SAR after your post. It performed worse than the EMA(10) exit, at least on the default setting and a few other settings I tried.

davesaint86
562 posts
msg #154339
Ignore davesaint86
modified
10/15/2020 3:35:49 PM

The exit strategy is to sell 1/2 at a 8% gain and sell the if price closes below the 10 wema.

graftonian
927 posts
msg #154349
Ignore graftonian
modified
10/16/2020 11:36:26 PM

Dave,
Sell at 8%? Why not place a stop at 8%. I know you didn't write the rules, just asking for the sake of discussion
This weeks picks(by my calculation)
TZA,SRTY.CYTK.NHF.UUP.ALEC.THMO.NTCO.CHMA.BZQ.ALVR.STFC.VRS.PAR.TX.CAAP.SOAC.DLX.PYPD.AKUS.BRP.MEG.RNA.NRIX.RPTX.GIX.BVXV.SRT.GRSVU.CCAC.BBSA.TREB.UN.AONE.UN.BNKD.BQH.NHICU.FATBP.SCHQ.GIK.YAC.UN.ACND.UN.IBTH.ERESU.KNAB.CVR.BNKZ.


Graf


graftonian
927 posts
msg #154362
Ignore graftonian
10/18/2020 2:25:50 PM

I am not impressed by the returns from attempts to duplicate the system.

Fetcher[
market is not OTCBB
chart-display is weekly
chart-time is 6 months
draw average volume(50)

/*weekly volume and average weekly volume columns*/
add column separator
add column weekly volume{weekly volume}
add column weekly average volume(50)
/*Weekly Hull MA50*/
set{slow1, cwma(weekly close, 25)}
set{slow2, 2 * slow1}
set{slow3, cwma(weekly close, 50)}
set{valslow, slow2 - slow3}
set{H50, cwma(valslow, 7)}
draw H50 on plot price
/*Weekly Hull MA10*/
set{slow1A, cwma(weekly close, 5)}
set{slow2A, 2 * slow1A}
set{slow3A, cwma(weekly close, 10)}
set{valslowA, slow2A - slow3A}
set{H10, cwma(valslowA, 3)}
draw H10 on plot price
add column separator
/**Rule 1**/
weekly low < weekly low 1 week ago
weekly low < weekly low 2 weeks ago
weekly low < weekly low 3 weeks ago
/** Rule 2 **/
weekly close > weekly close 1 week ago
/**Rule 3**/
set{var1, weekly volume}
set{var2, weekly average volume(50)}
set{VolX, var1 / var2}
volx > 1.01
/**trigger indicator**/
set{r1trig, count(weekly low < 3 week low 1 week ago, 1)}
set{r2trig, count(weekly close > weekly close 1 week ago, 1)}
set{r3trig, count(volx > 1, 1)}
set{trig1, r1trig * r2trig}
set{trigger, trig1 * r3trig}
draw trigger
set{r1sort, 3 week low 1 week ago / weekly low}
add column r1sort
set{r2sort, weekly close / weekly close 1 week ago}
add column r2sort
set{volsort, volx}
add column volsort
set{sortnum1, r1sort * r2sort}
set{sortnumber, sortnum1 * volsort}
add column separator
add column sortnumber
sort on column 13 descending
do not draw volx
]



StockFetcher Forums · Filter Exchange · Weekly Reversal Strategy<< 1 2 3 >>Post Follow-up

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