TheRumpledOne
6,411 posts
msg #99752
- Ignore TheRumpledOne
modified |
3/18/2011 9:37:35 AM
|
TheRumpledOne
6,411 posts
msg #99759
- Ignore TheRumpledOne
modified |
3/18/2011 10:44:03 AM
Use this to view your favorite industry.
Pick out the best stocks to hold overnight.
|
TheRumpledOne
6,411 posts
msg #99765
- Ignore TheRumpledOne |
3/18/2011 2:27:23 PM
Testing correlations with close above weekly open and RSI(2) above and below 50.
Looks like going long at the close when close is above the weekly open has an "edge".
|
TheRumpledOne
6,411 posts
msg #99767
- Ignore TheRumpledOne
modified |
3/18/2011 3:36:28 PM
Strong correlation between close and ema(5).
The C_EMA5aLose column shows how many losses when price closed above the ema(5) and you bought at the end of day.
|
TheRumpledOne
6,411 posts
msg #99776
- Ignore TheRumpledOne |
3/19/2011 9:34:23 AM
Check for edge with higher lows and lower lows.
|
TheRumpledOne
6,411 posts
msg #99784
- Ignore TheRumpledOne |
3/19/2011 7:52:03 PM
Displays higher/lower highs/lows.
But let's take a pause...
"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.
The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."
P64 HOW WE DECIDE (italics added)
Finding stocks that "paid off" 80 times or more during the past 100 days should be "good enough". Of course, since this is trading, ANYTHING CAN HAPPEN. But given the inherent unpredictability of the market, should be we happy to just simple trade these stocks rather than walk the path of the Yale students?
1) Use one of these overnight hold filters to find a suitable stock to trade.
2) Buy it at the close
3) Sell it for a profit or get stopped out the next trading session.
If the 80 times or more holds true over the next 100 days, then you should receive a nice profit for your efforts.
|
TheRumpledOne
6,411 posts
msg #99790
- Ignore TheRumpledOne
modified |
3/20/2011 12:30:50 PM
Looking to see how steady the OVER3 value is over the last 100 days.
|
TheRumpledOne
6,411 posts
msg #99823
- Ignore TheRumpledOne |
3/22/2011 3:54:23 PM
Is anyone trading stocks from this filter?
The oil stocks are paying off HUGE!
|
Rick67
64 posts
msg #99832
- Ignore Rick67 |
3/23/2011 12:08:45 PM
TOR,
Very interesting filter.
I notice your code says " HIGH MINUS PREVIOUS CLOSE ".
1) In live trading, how do you know when the high has been reached?
2) A nice gap down could wipe out days of profits. How are you using a stop loss? Are you setting a stop loss in the extended market?
Keep up the great work!
Thanks,
Rick
|
TheRumpledOne
6,411 posts
msg #99834
- Ignore TheRumpledOne
modified |
3/23/2011 3:22:40 PM
1) I know the CURRENT HIGH. I am after a certain amount. 3, 4, 5 cents or more based on the statistics. That is my target. Once target is reached, I exit part or all of the position.
2) STOP LOSS is a function of position size and risk.
STOP LOSS = RISK / POSITION SIZE
I try not to enter BEFORE earnings. Though I forget to check TLB yesterday. I bought TLB at the close. TLB dropped at the open. But it rallied, I got out "early" with a small profit and left 15 cents on the table.. dang it!!
This is TRADING - ANYTHING CAN HAPPEN!!
Remember, if trading was not guessing, then why would you need a stop loss?
Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.
IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.
CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.
|