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Filter Exchange · BREAKOUT FILTER.....
msg #64872
7/11/2008 1:16:50 AM

yeah, it's really rough out here; I've only been able to make about 25% this week on natural gas plays....darn stock market, why can't everything be bubble-ized so that we can just throw darts at a chart for picks?

It should be Eeeeeassssy, like in 1998......

marine (and I really doubt that you are a marine), why are you hanging out in a trading zone if you're so scared of a loss or can't understand how to play a churning bearish (in some aspects) market? Curse oil prices and the state of western civilization all you like, but while you're complaining, some of us are able to find wins -- some small, some big -- in THIS market.

I'm sure your bank has some nice CD's that will get you a guaranteed 2 1/2% sometime next year......or there's always the mattress and buried coffee can approach.....

Filter Exchange · On the Mend
msg #64773
7/7/2008 10:19:16 PM

Re backtesting:

I set mine like this:

9% profit margin (my scalping style aims low -- you'd be amazed at how often that last 1% won't be there to make an even 10%.....)
25% stop-loss (just a high number so the trigger rarely trips)
no trailing stop

entry on low (not open -- matches my personal pattern)
exit on high (not open -- matches my personal pattern)

this sets up for a more forgiving rate that is more in line with my real-world approach. It works for me because I foolishly don't use stop-losses; I just grit my teeth and ride it out -- none of my trades has ever not at least returned to my original entry, so no losses as of yet.....*knocking on wood*

I also don't buy or sell at open - ever; I prefer to let the madness of the first couple of hours pass so I can get a better price either way, or even get out of the way entirely if the post-open gets weird.

Filter Exchange · On the Mend
msg #64752
7/6/2008 4:21:56 PM

I chose "close < 35" because that's the range I trade in; nothing more -- make it whatever range you want. My style is basically mutated momentum, so it's far easier to make my 10% gains when the stock doesn't have to go up more than $3.50. Nothing sucks worse than buying an $80 stock knowing it has to rise $8/share in my 10-day range. Lower price also lets me purchase more shares, which drives the overall target downward as well. As always, to each his own.....

Re stoch: not sure which one you're looking at. I guess my answer would be that if the stoch is dipping below 75, it's looking less overbought (?). The filter is not intentionally ( :-) designed to find shorts, but maybe it does -- this is my first attempt at tying together indicators on this level. My backtesting gives me 60%+ success rates going short-term long, though:

Win(%) 80%
Lose(%) 20%
W/L Ratio 4.00:1
Reward/Risk 3.47
ROI(%) 66.23%

The design here is to find strong stocks that have been floating near their bottom for awhile and have started moving back up over the last 4-5 days. My purpose with this filter is to miss the initial pull-up (and likely headfake) until accumulation has set in and it's ready to move up again for real.

Filter Exchange · On the Mend
msg #64743
7/5/2008 11:12:25 PM

I'm playing around with stocks that are beat down but strong and looking likely to recover fairly quickly, at least for 10% or so over the next couple of weeks.

Just wanted to know if anyone here can improve on it, especially if this is missing or confusing something.....

/*Skymuse -- On the Mend*/

Find stocks where close is less than 15 percent above the 4 week low and

price < 35
average volume(10) > 500000
rsi(2) < 30

linear regression(30) slope has been increasing for 5 days
vma(50) has been increasing for 4 days
ema(20) less than 15% above 4 week low
ema(20) > ema(20) yesterday
ema(20) > vma(50)

draw linear regression(30)
draw rsi(10)

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