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Filter Exchange · Basic, Simple and Solid filter
traderblues
msg #36113
5/25/2005 6:30:26 PM

I don't even look at ROI on the backtesting feature. It is very misleading, and has no relevance on how much you will make per 12 month period. What I do is take the Risk/Reward Ratio, and multiply it by the number of trades. So in effect, you are taking the (average gain per opportunity) x (the number of opportunities). This will give you a better number for comparison purposes.


General Discussion · I FINALLY FIGURED IT OUT...
traderblues
msg #35970
5/11/2005 9:16:08 PM

...and the exit is more important than the entry.

You can make money by picking stocks at random, if you have a good exit strategy.


General Discussion · Can anyone beat this filter? ROI=1489.8 %
traderblues
msg #35968
5/11/2005 5:50:51 PM

Way2Late: Another great book is "Trade Your Way to Financial Freedom", by Van K. Tharp.

This RSI(2) filter is interesting, and there are ways to improve your odds to trade it in the real world:

1. Wait 30 minutes after the open, then set a buy stop to trigger when it hits a fresh high for the day.
2. If you want to buy near the close, don't buy if it is closing below the open price.
3. If you have a system that sells on the third day, 30 minutes into the open set a stop 3% below yesterday's low, and if it is not triggered, sell 5 minutes before the close.

Also, for those who want to trade stocks priced below 20 cents, set a buy-at-the-bid, then when it's filled, immediately set a sell-at-the-ask (playing the spread).

Personally, I'm done trading on such a short time frame. You can make a lot of money by buying small caps at a DMI crossover, then selling 2 weeks later. The secret is to buy each and every signal, set stop-losses, and let the winners run.


General Discussion · How do you filter out mutual funds from results?
traderblues
msg #34947
1/22/2005 8:09:01 AM

To filter out mutual funds and ETFs, add a line for PE Ratio. Mutual funds won't have a PE Ratio.


General Discussion · Question on filter for only selected stocks
traderblues
msg #34946
1/22/2005 8:05:46 AM

You set up a watchlist (say you call it STOCKS) that contains the stocks you want to examine. Then you add the line in you filter:
and apply to watchlist[STOCKS]


General Discussion · short term momentum indicators ?
traderblues
msg #32597
7/16/2004 5:47:59 PM

My two favorites are the DMI (Directional Movement Indicator) and the Force Index.


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