Advanced Options
Selection Method: select by volume descending
Entry Price: open
Conditional Entry: No
Exit Price: close
Maximum Trades Per Day: 3
Maximum Open Positions: 25
Approach Information
Approach Name: unnamed approach
Test started on 07/16/2004 ended on 07/17/2006, covering 504 days
Filter used:
set{vvv,atr(20)/close}
Open between 1 and 8
and average volume(20) above 500000
and vvv above .1
and market is nasdaq
and RSI(2) decreasing 2 days
Trade Statistics
There were 1340 total stocks entered. Of those, 1337 or 99.78% were complete and 3 or 0.22% were open.
Of the 1337 completed trades, 662 trades or 49.51%resulted in a net gain.
Your average net change for completed trades was: 0.83%.
The average draw down of your approach was: -4.52%.
The average max profit of your approach was: 5.17%
The Reward/Risk ratio for this approach is: 1.31
Annualized Return on Investment (ROI): 242.14%, the ROI of ^SPX was: 5.66%.
Exit Statistics
Stop Loss was triggered 0 times or 0.00% of the time.
Stop Profit was triggered 199 times or 14.88% of the time.
Trailing Stop Loss was triggered 0 times or 0.00% of the time.
You held for the maximum period of time (1 days) 1138 times or 85.12% of the time.
An exit trigger was executed 0 times or 0.00% of the time.
Set your Entry Price to low - Entry Price: low. It really improves your results, but you would never know this the day of the trade. Just a loophole backtesting end of day data.
Um, no... Why would I set my entry price to low? I'm not asking how to improve the stats, I'm just asking how the two other guys that showed backtests on this thread produced such high results with the same filter. If they used an entry price of low for the day then theres no point in continuing this discussion. I'd prefer to hear from them, though.
Stocksight is close. The results are dependent on the price you are able to buy the stocks at. But the entry price is not 'low'. There is no way to trade this in the real world. Look up 'pivot points' in the index. That should give you a clue.
traderblues, maybe i'm not understanding your last post about this scan, but are you adding something to the scan other than what is posted to get a closer buy area?
set{vvv,atr(20)/close}
Open between 1 and 8
and average volume(20) above 500000
and vvv above .1
and market is nasdaq
and RSI(2) decreasing 2 days
i usually look at the scan results, look at the charts, write em down and then put em on my watchlist the next day and watch for a pullbacl or volume increase and then watch for a sma line cross to the upside. Maybe i'm not using any of my scans correctly but i don't expect a scan to pinpoint my buy spot but if you have any info on this scan that you think i need to add or know about i'd appreciate your advice. sure wish there was a way you could contact me.
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