| StockFetcher Forums · Filter Exchange · profit checker - long only | << 1 2 3 >>Post Follow-up |
| TheRumpledOne 6,411 posts msg #55719 - Ignore TheRumpledOne modified |
10/15/2007 7:59:44 PM How many times does it lose? If a stock goes up a dime, how many times does it run up $.50? As of Oct 15: BIDU went up $.10 or more from the open 97 times out of the last 100 days. BIDU went up $.50 or more from the open 92 times out of the last 100 days. It should be obvious to the reader... LOL!! ( I always hated when they said that in math books showing proofs ) Of course, you can change the parameters to fit the stocks you trade but this shows just how simple it can be to take money from the market. Think about it... the price of a stock either stays the same or goes up or goes down. That's it, only 3 possibilities. All we have to do is determine which way it is going and the "probability" it will continue in the same direction. My MILK THE COWS (BuyZone) Strategy of entering the trade at/near the open at/near the open price takes full advantage of this fact. If a stock goes up from the open, then you go long and if it goes down, you go short. Having the statistics of how (far) the price usually moves gives you an edge. You don't need any indicators just watch the price. 92 / 97 = 94% Do you like those odds? |
| bbrodka 14 posts msg #55725 - Ignore bbrodka modified |
10/15/2007 8:29:59 PM how about with one line change? better? 94/99 set{ LongProfit, open - low} |
| luc1grunt 622 posts msg #55726 - Ignore luc1grunt |
10/15/2007 8:30:53 PM Very nice Avery. Thank you. |
| TheRumpledOne 6,411 posts msg #55728 - Ignore TheRumpledOne |
10/15/2007 8:57:07 PM how about with one line change? better? 94/99 set{ LongProfit, open - low} That would be SHORT PROFIT!! set{ ShortProfit, open - low} I didn't want to confuse people. I have been accused of making complicated filters. |
| bbrodka 14 posts msg #55730 - Ignore bbrodka |
10/15/2007 9:01:52 PM sorry, still learning I was thinking it would be .10 above the low of the day |
| TheRumpledOne 6,411 posts msg #55731 - Ignore TheRumpledOne |
10/15/2007 9:09:39 PM Short Version |
| drew9 171 posts msg #55736 - Ignore drew9 |
10/15/2007 11:53:57 PM Once again Avery, your strategy of "its not what you trade - but how you trade them" really shines here! Believe it or not, for the folks with larger accounts, this could perhaps be one of the best filters ever! What terrific insights. Great job and thanks again for all your efforts here! Drew |
| maxbasily 57 posts msg #55738 - Ignore maxbasily |
10/16/2007 7:38:15 AM Rumpled , I tried playing around with the filter to insert some of my own ideas - but I failed miserably... How would you modify the "profit checker long" to show me stocks that: " went up (most times out of 100) 1% from the open WITHOUT dropping more than 1/or2/or 3% during the day" would be great! thx |
| TheRumpledOne 6,411 posts msg #55751 - Ignore TheRumpledOne modified |
10/16/2007 2:02:38 PM
BIDU $6 + above buyzone AAPL, WYNN and GOOG $3 + above buyzone RIMM $2 + above buyzone Seeing is believing. This is the way it is everyday. |
| TheRumpledOne 6,411 posts msg #55752 - Ignore TheRumpledOne modified |
10/16/2007 2:13:35 PM Rumpled , I tried playing around with the filter to insert some of my own ideas - but I failed miserably... How would you modify the "profit checker long" to show me stocks that: " went up (most times out of 100) 1% from the open WITHOUT dropping more than 1/or2/or 3% during the day" would be great! thx ================================================= I think I coded what you wanted maxbasily. For 2% use: set{ xdrop, .02 * close } NOTE... the other columns are still the same. So the LOSE column is for all 100 days not just the tradecnt days. |
| StockFetcher Forums · Filter Exchange · profit checker - long only | << 1 2 3 >>Post Follow-up |