JoeGrossinger
165 posts
msg #29063
- Ignore JoeGrossinger |
10/5/2003 1:51:16 PM
***I am not Holy Grail nor his partner Avery a.k.a. The Rumpled One***
OK, OK, my eyes are glazed over from reading all the posts expounding on the virtues of the world's greatest filter. The one written by Holy Grail but for which Avery takes all the credit.
I also am just stunned and totally blown away by the sterling performance turned in by one of my regular posters on http://www.koliga.com/forum/index.php?c=5. The unbeatable, and totally awesome 60 Day Slope filters.
Combining these two into an action-packed, money-making, dynamic-duo of profit and gain, I have developed the following filter that retires all other filters.
stockfetcher[Show stocks where the 60 day slope of the close is above 0
and where RSI(2) < 20
and where close > close 1 day ago
and where close is between .1 and 5
and date offset is 0]
The 0 date offset is included for those of you that are energy challenged. Just replace the 0 with any number you wish to back test and away it goes.
There is nothing else to give, no questions to answer and nothing to do but buy the first 5 stocks that tumble out of the filter and sell them 3 days later, repeating the procedure.
You will be so busy making money you won't have time to bother with anything else and should start posting rave reviews of this stunning work from Monaco, St. Moritz, Haifa (if your name starts with M), Las Vegas or Sydney instead of cheesy and cheap Mexico.
Give up your day job and join the jet set.
I am so impressed with this monument to greed and avarice that I feel compelled to start paper trading this among many stellar and outstanding filters on http://www.koliga.com/forum/index.php?c=5
This is my final good deed for mankind. I won't post anymore filters being too busy supervising all of my accountants and tax experts along with limo drivers and courtesans.
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petrolpeter
439 posts
msg #29071
- Ignore petrolpeter |
10/5/2003 4:35:22 PM
Where can I get my RSI(2) hat and coffee mug?
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JoeGrossinger
165 posts
msg #29084
- Ignore JoeGrossinger |
10/6/2003 4:00:27 AM
Ooops, someone pointed out that this filter kicks out low volume stocks.
Fetcher[
Show stocks where the 60 day slope of the close is above 0
and where RSI(2) < 20
and Average Volume(90) is above 100000
and where close > close 1 day ago
and where close is between .1 and 5
]
That fixes that.
Sorry about that.
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JoeGrossinger
165 posts
msg #29085
- Ignore JoeGrossinger |
10/6/2003 4:06:29 AM
If someone knows why the Stockfetcher function does not work, let me know.
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EWZuber
1,373 posts
msg #29092
- Ignore EWZuber |
10/6/2003 12:03:31 PM
Joe
Have you checked out Miks'a Dragon Tail Filter?
From what I've seen so far the performance has been excellent.
It looks for one day reversals.
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JoeGrossinger
165 posts
msg #29093
- Ignore JoeGrossinger |
10/6/2003 12:14:02 PM
Yes I have. I was the guy that ballyhooed it after it seemingly got no attention when he posted it.
I am paper trading it on Koliga starting today. It only had one hit, TWAV which is trading at its highs.
In backtesting the filter I have been really impressed with the results.
Normally when I take a first look on a filter I just do a 5 day offset. If there are 3 or more reds I toss it.
Despite the fact that Mika forgot to include the copyrighted and patented RSI(2), Dragon Tail turns in remarkable results for days 1-5 and beyond.
Today being Yom Kippur the holiest of Jewish holidays is not a good time to start any trading system since the market will be really slow and abreviated, so the real test will start tomorrow.
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newbeginnings01
1 posts
msg #29094
- Ignore newbeginnings01 |
10/6/2003 12:28:11 PM
What do you use as a stop
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JoeGrossinger
165 posts
msg #29095
- Ignore JoeGrossinger |
10/6/2003 12:49:32 PM
Stops are like women. Whatever turns you on.
On Koliga I run a bunch of trading systems and cannot possibly give each stock detailed attention so most go with 12% stops.
The systems test filters for the most part although I do now run some systems that I will trade.
For my own trading I stay with 5% for the most part.
Some stocks are better traded by watching the support/resistance areas and judging from that. Set the stop a little below support if you can't watch all day.
For trading it's really up to your style, temperament, portfolio and most importantly pain threshold.
Mika's Dragon Tail could be traded in various ways. You will just have to either watch Koliga.com or paper trade the filter yourself and see what you might think is best.
It really depends on your time frame as well. If you are a one-weeker you might have a real low stop loss of around 5%. If you are a longer term trader then 10% to 15% should work well.
Some folks prefer the seat of their pants and that's OK too if it makes money.
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xplorer
257 posts
msg #29096
- Ignore xplorer |
10/6/2003 1:39:56 PM
Joe ...
the reason SF wouldn't make this a "clickable", is it doesn't like the ">" or "<" in posts ... so I changed your filter to replace them with the verbage ...
and thanks ... screen looks SWEET !!!
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JoeGrossinger
165 posts
msg #29107
- Ignore JoeGrossinger |
10/6/2003 4:19:06 PM
Thanks a heap. I appreciate that. I can stop scratching my noggin now.
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