StockFetcher Forums · View by Author: (265 messages)  [ Display By: Date / Subject ]<< 1 ... 2 3 4 5 6 ... 27 >> 
Filter Exchange · is it just me or...
trendscanner
msg #87670
2/2/2010 11:47:58 AM

It's not you. No filter works perfectly, or even necessarily very well, under all market conditions. We all would love to find a filter that you run and then simply buy or sell the stocks if finds and they all make money everytime. Since that filter doesn't exist, we might try to find the next best thing, which is a filter that statistically produces good results consistently under certain market conditions, then use that filter when market conditions are appropriate.

A good example of this type of filter is the VIX-SPY ETF filter; you can find detailed discussion of it on this site. Traded according to the rules, it statistically produces good results but is not necessarily a sure thing everytime.

Generally, good filters from this site can identify good candidates for trading but making money consistently using this approach requires great skill in managing each trade.

You can learn a lot about trading by reading past posts on this forum.

GL


General Discussion · Trading as a Career
trendscanner
msg #87604
modified
2/1/2010 7:26:12 PM

Great post, JP.

The person with just a few years experience might be really good if he/she has a great mentor.

But for the typical self-taught trader/investor (like me)....it's sort of like going into battle on a moonless night armed with a pocket knife, a compass, and a little knowledge.......... against others armed with automatic weapons, GPS, and night vision goggles,.....if you can survive until dawn, you might have a chance....

Filter Exchange · bollinger
trendscanner
msg #87553
2/1/2010 8:51:29 AM

It's a good filter. That said, if you use the date offset feature and walk it back one day at a time for 10 or so days, you'll see that many stocks it finds have declined going forward, as has the general market the last 10 days. In that sense, it's like many filters - they often find good candidates for a certain direction but the overall effectiveness of the filter at a given point in time is often a function of how the overall market is behaving.

Turn-around/bottom-catching filters tend to work best when the market is bottoming and turning around, momentum filters tend to work best when the market has momentum, short filters tend to work best when the market is overbought and ready for a pullback.

Easy for me to say, harder to do. If i could master which filter to use on a particular day, I could be rich.

Filter Exchange · weekly IFT(5,9)
trendscanner
msg #87533
1/31/2010 8:50:40 PM

a few more tweaks and qualifiers

Fetcher[
WEEKLY IFT(5,9) 1 week ago below -0.1
WEEKLY IFT(5,9) 1 week ago above -0.3
WEEKLY IFT(5,9) below 0

WEEKLY IFT(5,9) increasing last 2 week
]


some of these hits look interesting

This one gets close to it - you can change the -0.1 to something lower for more hits

Fetcher[
WEEKLY IFT(5,9) crossed above -0.1 from below
WEEKLY IFT(5,9) below 0
]





Filter Exchange · "Acting right" filter
trendscanner
msg #87370
1/29/2010 6:19:32 AM

Mike, I've spent a lot of time pondering how to find these types of stocks and, especially, how to find these early so you can ride them up for a few months. MSPD is a good model for the type of chart I like to find. I got lucky last year and was able to find and ride a few of these upward for multi-baggers. It only takes a few of these a year to have great success in trading/investing. Probably going to be harder to find them this year after the Great Run-up of 2009.

A few variations to Chet's filters that you might find helpful:

Version 1. A few additional MA qualifiers

Fetcher[
SET{VAR1,DAYS(LOW BELOW MA(75),100)}

DRAW MA(25)
DRAW MA(50)
DRAW MA(75)

VAR1 BELOW -0.5
VOLUME ABOVE AVGVOL 500000

count(close < ma(50), 100) < 7
count(close < ma(25), 100) < 15

CHART-TIME 6 MONTH
]




Versions 2a, 2b, and 2c - Add some A-D or OBV Qualifiers. These get more to the root of what is propelling these stocks higher.

2a
Fetcher[
SET{VAR1,DAYS(LOW BELOW MA(75),100)}

DRAW MA(25)
DRAW MA(50)
DRAW MA(75)

VAR1 BELOW -0.5
VOLUME ABOVE AVGVOL 500000

120 day slope of OBV > 0

CHART-TIME 6 MONTH
]




2b
Fetcher[
SET{VAR1,DAYS(LOW BELOW MA(75),100)}

DRAW MA(25)
DRAW MA(50)
DRAW MA(75)

VAR1 BELOW -0.5
VOLUME ABOVE AVGVOL 500000

120 slope of accumulation distribution > 0

CHART-TIME 6 MONTH
]




Version 2c - Both A-D and OBV Qualifiers

Fetcher[
SET{VAR1,DAYS(LOW BELOW MA(75),100)}

DRAW MA(25)
DRAW MA(50)
DRAW MA(75)

VAR1 BELOW -0.5
VOLUME ABOVE AVGVOL 500000

120 day slope of OBV > 0
120 slope of accumulation distribution > 0

CHART-TIME 6 MONTH
]



A key to long term consistent upward movement is to find stocks that have persistent accumulation by shareholders that don't get shaken out at the first pullback and want to hold them for at least an intermediate term. Generally there needs to be an investment story that people find compelling. That's a topic for another day.



Filter Exchange · HOW TO MAKE FANTASTIC AMOO0UNTS OF MO000NEY-USING SHELL STOCKS
trendscanner
msg #87228
modified
1/28/2010 6:12:28 AM

M4M, for the periods you selected, Nov 19, 2009 through Jan 27,2010, and especially the April 13, 2009 through Jan 27, 2010, period, there are a huge number of filters that would show positive results - because the overall market went up during that period. For the April 13, 2009 and Jan 27, 2010 period, simply picking 60 stocks at random would probably have given a winning basket of stocks. No filter needed.

Also, when trading thinly traded pink and OTCBB stocks, you can get killed on the spread, which can be up to 50%. I don't think SF can factor in losses on the spread.

I think this, like many filters, may work well in a bull market, especially after a huge sell off like in early 2009. But in a bear market or even sideways trending market, I think there's a lot of money that could be lost using this approach.

General Discussion · Intraday Alerts
trendscanner
msg #86989
1/25/2010 3:17:14 PM

small and micro caps getting hammered today, at least mine are.

Filter Exchange · Need help with Bollinger Band filter
trendscanner
msg #86947
1/24/2010 9:43:28 PM

Yes, thanks, I think the daily approach works better. This is my basic working version now

Fetcher[
set{diff, upper Bollinger band(20,2) - lower bollinger band(20,2)}
set{diffmax, DIFF 200 day high}
set{diffmin, DIFF 200 day low}
diffmin > 0.1
SET{ratio,diffmax / diffmin}
close > 0.1
not etf
Count(ratio > 5, 100) < 1
draw bollinger bands(20,2)
draw diff
draw diffmax
draw diffmin
chart-length is 6 months
]



Filter Exchange · Need help with Bollinger Band filter
trendscanner
msg #86944
1/24/2010 9:32:12 PM

Thanks Chetron. Using your suggestions and fidddling with it, the version below seems to get at what I was looking for

Fetcher[
set{diff, upper Bollinger band(20,2) - lower bollinger band(20,2)}
set{diffmax, DIFF 12 month high}
set{diffmin, DIFF 12 month low}
diffmin > 0.1
SET{ratio,diffmax / diffmin}
close > 0.1
Count(ratio > 5, 100) < 1
draw diff
draw diffmax
draw diffmin
]



Filter Exchange · pincher query
trendscanner
msg #86940
1/24/2010 9:04:25 PM

Pincher play can be a short squeeze but not necessarily. The "pincher" term refers to the PPO and ADX lines "pinching" together when PPO (or sometime MACD) is plotted above ADX, usually in Stockcharts. See the charts for HNAB, DRLY, HOMS, BONZ or IVOB in the filter above as examples. Generally means stock has dropped hard and been trending down for a long time.


The board below is where a lot of pincher players come to pinch.

http://investorshub.advfn.com/boards/board.aspx?board_id=9737

StockFetcher Forums ·  · << 1 ... 2 3 4 5 6 ... 27 >>

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2018 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.