Niko,
Today I see only one stock on the MAX Down, it's SM. Would like to verify that is the only one you see also.
I see your customized oscillator return when I click on the magnifying
glass in the forum but I don't see in SF where to add a new indicator
only where I can modify existing ones. Can you help me here also?
It's also worth repeating what I posted earlier (on the first page of this thread) about the three things that I look for on the chart. Before you plunk down ure hard earned cash, I suggest you take these points into consideration.
UPTREND
The close must be above T3(14,0.50) while DEMA crosses above TEMA.
TSI(6,3) crossed above its EMA and preferably closed above the zero line.
The "return" line above 70 (in a strongly uptrending market); otherwise, crossed above 40 using the "1-day flip" method as outlined in the above filter ("MAX Up") for buying the dip in a bull market.
DOWNTREND
The close must be below T3(14,0.50) while DEMA crosses below TEMA.
TSI(6,3) crossed below its EMA and preferably closed below the zero line.
The "return" line below 30 (in a strongly downtrending market); otherwise, crossed below 60 using the "1-day flip" method as outlined in the above filter ("MAX Down") for selling the rip in a bear market.
Niko,
Thanks again for the help. I didn't see that link. I will take note of your advice on what to look for in the chart
Your willingness and that of others will bring in new folks like me to
the site.
Thanks again,
Thanks for sharing. Personally, I'm not too keen on backtests as I used to, but ure test results looks pretty good. At any rate, I hope you become filthy rich sooner than later.
Been a member for a little over a day now, finding the whole site very interesting. Been going thru this thread, trying the filters, trying to understand the results they are spitting out.
Any chance somebody could modify the later filters Nikoschopen has posted (the downtrend variants) to allow them to run on a Standard account (as Chetron did for the earlier ones).
Bills.
Check the start and end date. I wanted to see how well it works in this down market. Since I posted the results earlier I added a .05 buy stop. This is under the advanced options. As I am a newbie to trading if anyone see a problem with this set up please jump in.
Hope this helps.
Nikos down trend (saved filter)
Basic Setup
Name: Nikos MA's with new RETURN indicator down trend
Approach Type: Short
Start Date: 11/29/2007
End Date: 02/29/2008
Benchmark Symbol: ^SPX
Extra Indicators
Entry Columns:
Show Performance After: after 2 days
after 5 days
after 10 days
after 15 days
Advanced Options
Selection Method: select by volume descending
Entry Price: set{buystop, close one day ago - 0.05}
buystop
Conditional Entry: Yes
Exit Price: open
Maximum Trades Per Day: 8
Maximum Open Positions: 16
Maximum Selected Stocks: 8
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