money123
19 posts
msg #57467
- Ignore money123 |
12/3/2007 6:08:19 PM
thanks niko
i jumped into EPD around 31.48 what is the best time to use your masterpeice in the morning afternoon or at close
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nikoschopen
2,824 posts
msg #57471
- Ignore nikoschopen |
12/3/2007 6:34:19 PM
Ahh, dilemma, dilemma...
In case you haven't already noticed, I'm a daytrader. There's no one way to answer ure question other than to say that I get in when the risk/reward is warranted.
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money123
19 posts
msg #57475
- Ignore money123 |
12/3/2007 7:43:48 PM
hey niko
good for u i like to get in and out of a trade within a day or so the quicker the better and your filter seems to line up canidates that are near there bottom as possible hence the risk is smaller then the reward thanks for sharing your gem
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nikoschopen
2,824 posts
msg #57490
- Ignore nikoschopen
modified |
12/3/2007 9:54:34 PM
I suggest that you tweak the "momo" number for maximum efficiency. Sometimes, although not always, I find that changing the value from 50 to 70 (eg. "momo crossed above 70") works very well for long trades and 30 (eg. "momo crossed below 30") for short trades.
Again, I want to emphasize that this filter is no holy grail. How you decide to use it is up to ure own discretion. Nevertheless, let me know if there's anything I can help.
Good luck!
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nikoschopen
2,824 posts
msg #57492
- Ignore nikoschopen |
12/3/2007 10:01:51 PM
Here's the short filter (directly inverse to the long filter with the modification of the "momo" from 50 to "below 30"):
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chetron
2,817 posts
msg #57501
- Ignore chetron |
12/4/2007 6:51:42 AM
chetron,
Although you might be able to crank my filter in motion by taking out the "momo" from the filter, you ain't gonna be looking at the same filter since "momo" is what defines this filter. FWIW
sorry niko,
my bad again. i wasn't paying attention. i missed that it was a crossover.
i have included the draw momo command to make up for this. basic subscribers should only need to eyeball the crossover.
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nikoschopen
2,824 posts
msg #57512
- Ignore nikoschopen |
12/4/2007 11:08:43 AM
Chetron, by commenting out the momo with "/*" will only leave it out of the calculation altogether. It's been a while since I devised this filter and haven't done any adjustment to it since. I'll look into see if I can do anything to make it viable for the basic subscription users. However, I do suggest that you upgrade to advanced subscription. (If I'm not mistaken, I think most of TRO's filter requires advanced subscription as well).
Hope that helps.
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chetron
2,817 posts
msg #57520
- Ignore chetron |
12/4/2007 12:04:59 PM
12/4/2007 11:08:43 AM
Chetron, by commenting out the momo with "/*" will only leave it out of the calculation altogether. It's been a while since I devised this filter and haven't done any adjustment to it since. I'll look into see if I can do anything to make it viable for the basic subscription users. However, I do suggest that you upgrade to advanced subscription. (If I'm not mistaken, I think most of TRO's filter requires advanced subscription as well).
Hope that helps
again, my apologies, niko,
to clarify, you need not note out any "set" command lines, only lines that actually filter the stocks.
i do believe that my editing is still valid. if you could post the results of your original, maybe that would clarify the differences for me.
thanx
chet
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marine2
963 posts
msg #57533
- Ignore marine2 |
12/4/2007 1:41:24 PM
Niko and Chetron, thank you for your helping your fellow forum members. Yes, for us basic subscribers, re-structuring what is now a filter designed from advanced subscription tools. The work you two are doing for us is and will be greatly appreciated. Help from you experts is what keeps StockFetcher in business and enhances its members quality of life in here.
Thanks!
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nikoschopen
2,824 posts
msg #62006
- Ignore nikoschopen |
4/30/2008 9:23:26 PM
For the most recent update, including the "lite" version for basic subscribers, check out Niko's MAX (Moving Average Crossover) Filter thread.
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