wallman
299 posts
msg #26146
- Ignore wallman |
3/27/2003 9:16:34 PM
been using a filter for many months now with very good success,thought i'd pass it along as i know a lot of folks are having problems with this choppy market,this has worked for me over the past year no matter what the market condition,SHOW STOCKS WHERE CLOSE HAS BEEN DECREASING OVER THE LAST 3 DAYS AND AVERAGE VOLUME(90)IS ABOVE 100,000 AND CLOSE PRICE IS BETWEEN 1 AND 10 AND PRICE TOUCHED LOWER BOLLINGER BAND(20), use your date offsets and you will notice that the win% really starts to pick after about 9 days,look at march 12 to get an idea of what this filter is capable of. If anyone is interested after checking the filter out,i can give out more details on the best ways to use it, have fun, MUDDY
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janeiro
25 posts
msg #26147
- Ignore janeiro |
3/28/2003 6:21:12 AM
Hi Muddy,
I'm interested in the detalis to use your Bollinger Bands Filter
Definitely a Thanks if post them.
David
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jatin9
10 posts
msg #26150
- Ignore jatin9 |
3/28/2003 11:40:28 AM
Hi wallman,
As you said, the results look great.
Could you post details about the way you use the filter?
Thanks
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wallman
299 posts
msg #26162
- Ignore wallman |
3/31/2003 1:36:35 PM
the way that i use this filter is i keep adjusting the volume either up or down to give me 10 stocks to chart for that day,(140,000 for fri 3-28)i look for either increased volume on that day from the previous day or above average volume on at least 2 of down days that we are looking at and a longer shadow on the bottom of the last candle body than on the top,of the stocks from those 10 that remain i watch to see if any open to the upside at 9:30,if one is that's the play,if more than one are up i've found it best to go with the lowest priced ones first,today 2 stocks of the 10 had increasing volume and long tails,FTS and MED,FTS was down at the open but MED was up about .05 so that would be a play,if none open higher i will wait until about 10:30,if none than no play for that day.
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janeiro
25 posts
msg #26164
- Ignore janeiro |
4/1/2003 3:30:04 AM
wallman....
Tks D.
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wallman
299 posts
msg #26245
- Ignore wallman |
4/15/2003 9:16:10 PM
a follow-up on the above bollinger band method,was wondering if anyone out there has tried this out papertrading or realtime and if you have,have you had any success and/or have you run into any problems?,just ran a backtest of the last 30 trading days and results of the filter as it stands without adjusting volume or entering as described above was 75.4% wins,last 10 days 71%,amazingly there were only 3 days out of 30 where there were more losing stocks then gainers
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janeiro
25 posts
msg #26247
- Ignore janeiro |
4/16/2003 8:34:43 AM
Wallman...only one comment.....Thanks
David
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janeiro
25 posts
msg #26255
- Ignore janeiro |
4/17/2003 6:29:33 AM
Hello Wallman,
I'm still in the papertrading mode but I'd definitely Happy to hear from you about any new things that you discover about your Bollinger filter...
if you want to get in touch with me...to218775@REMOVEMEhotmail.com
Many thanks
David
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defghca
150 posts
msg #26256
- Ignore defghca |
4/17/2003 8:17:44 AM
this is the filter exchange, we are all interested Wallman !!
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shelshel
11 posts
msg #26258
- Ignore shelshel |
4/17/2003 8:11:52 PM
Your filter is excellent!!! Since I'm not able to watch or trade during the times you recommend I had to adjust the criteria so I could place my trades before the market opens. The results are amazing also. Instead of price limits between 1 and 10 as you've suggested I've set the price limits between 5 and 10 with Average Volume(90) Above 100000 and buy the stock with the highest volume on the screen. Over the past 30 days this screen has had a 90% success record.
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