Catching Bottom with Low Downside Risk - StockFetcher.com Stock Screener

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Nickster8074 53 posts msg #109603 - Ignore Nickster8074	12/23/2012 9:40:08 PM This filter is an extreme version of Jayesh Patel's "Reverse" filter from his book, Profit from Prices. I wanted to post it because it's been pretty profitable for me recently using next day open as an entry, placing a stop loss on the low of the trigger day. There are two items I'd like some suggestions on. In the case of several stocks returned when the filter is run, how should I sort them for a bottom-feeding sort of filter like this? Second, a logical exit. RSI(2)>50? Stoch>80? Minor Low? I know that there's quite a few great traders on this site and I'd like to hear your input. Thanks, Nick Fetcher[ Show stocks where Close gained more than .2 percent over the last 1 day and low reached a new 1 week low and low is more than .75 percent below low 1 day ago and close is more than .2 percent above open and volume is more than 100% above volume 1 day ago and volume is above 500000 and close is above 5 and Stochastic %K(12,3,3) is less than 20]
Nickster8074 53 posts msg #109604 - Ignore Nickster8074	12/23/2012 10:03:34 PM Ouch! Once I looked back a ways on this filter, I think it may need something else. A risk-on risk-off variable. It seems when times are good, this filter is really good.

StockFetcher Forums · Filter Exchange · Catching Bottom with Low Downside Risk

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