TheRumpledOne
6,529 posts
msg #62777
- Ignore TheRumpledOne |
5/18/2008 10:35:38 PM
Before or After but not during!!
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hraghav
12 posts
msg #64182
- Ignore hraghav |
6/22/2008 6:47:21 PM
Hi TRO:
I am amazed at the simplicity of your filters. But they are eerily efficient... bordering on the "too-good-to-be-true". I was working on the extension to RFR filter with some help from Niko (Hey Niko! :) ) (very similiar to your Travel Guide) and you beat me to it :)
I was following your Fade the Gap filter and I found it be extremely efficient if you follow the below strategy (extension to your buy at close and sell at open strategy):
1. Identify stocks that consistently gap up
2. Identify their day range
3. Picks stocks that have gap up > 60 in the last 100 days
4. Optionally, you can filter out stocks that gap down < 20 in the last 100 days (but this usually filters out everything, leaving you with 1 or 2 stocks; so use this wisely)
5. Combine it with RFR filter and identify the num days it has moved > 4% (just to be safer)
Strategy:
1. Once you found the stock, buy at close and sell at open at 2% profit. This approach totally mechanical and yet insanely profitable.
2. When the stock in question changes (and it will after a while), go with the new leader.
I did some backtests and get over 100% ROI from 2002-2008 (except for 2005-2006) which is in the RED. I wonder why this year was special. Anyways, 5/6 isnt' bad :)
Also, I did some price effectiveness back test. The ideal profts are for stocks that trade between 35-40. Above 40, it is still profitable but the profit decreases. Also, <20 stocks is a hit and miss. Not consistent.
So, we need to focus on stocks that are between >35 for this to be really efficient.
This approach is beneficial 'coz it is an EOD strategy and you do not have to be in the live market to execute it.
So I have a few queries:
1. What is the best time to buy at close? Should we do an MOC order? or do a limit say between 330-400PM?
2. Once the order is filled, should we just place a limit for 2% profit the next day open?
Just trying to maximize the effectiveness :)
Please feel free to share your thoughts and thanks for your simple yet phenomenal work! :)
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TheRumpledOne
6,529 posts
msg #64187
- Ignore TheRumpledOne |
6/22/2008 7:31:44 PM
1. What is the best time to buy at close? Should we do an MOC order? or do a limit say between 330-400PM?
A) If it is purely mechanical then MOC
2. Once the order is filled, should we just place a limit for 2% profit the next day open?
A) If it is purely mechanical then limit for 2% profit.
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TheRumpledOne
6,529 posts
msg #65173
- Ignore TheRumpledOne |
7/18/2008 10:57:37 AM
Dr. Joe Duarte's Market I.Q.
Trading Rules: Do not take trades on gap openings. Do not take trades if they open beyond the trading range provided in the recommendation, or 2% beyond any recommendation that does not include a trading range. Do not take trades if you are not sure of what the recommendation is directing you to do.
====================================================
Interesting!
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TheRumpledOne
6,529 posts
msg #65197
- Ignore TheRumpledOne |
7/18/2008 6:47:18 PM
The Statistic Analysis of Market Movements and Their Prognoses
http://articles.mql4.com/644?source=mql4email
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TheRumpledOne
6,529 posts
msg #65545
- Ignore TheRumpledOne |
7/28/2008 3:32:47 PM
pop
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RichyF
1 posts
msg #66016
- Ignore RichyF |
8/10/2008 4:25:02 PM
Hi TheRumpledOne
Love this filter, have tried trading stocks from it a few times with small amounts and limited success. Could I email you with a few questions and ideas?
I'm sure I can be profitable with a small amount of guidence. I need to perfect my entries and exits. (The old "Its how you trade not what you trade" syndrome ha ha)
Richy
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TheRumpledOne
6,529 posts
msg #66154
- Ignore TheRumpledOne
modified |
8/13/2008 8:14:18 PM
Post your questions and ideas here so all may benefit.
Just combine "FADING THE GAP" with "MILKING THE COWS" and you can be a consistent winner.
And just trade ONE stock for at least a whole month so you'll learn HOW TO TRADE. Picking stocks is one thing but after you pick them, you still have to trade them. Trading is entering and exiting with the goal of making money.
Hint #1: Only trade long above the open and short below.
Hint #2: NEVER go short when the 30 minute candle is green and never go long when the 30 minute candle is red.
Following those 2 hints will keep you out of trouble for the most part.
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WALLSTREETGENIUS
983 posts
msg #66155
- Ignore WALLSTREETGENIUS |
8/13/2008 8:40:50 PM
Hint #1: Only trade long above the open and short below.
Hint #2: NEVER go short when the 30 minute candle is green and never go long when the 30 minute candle is red.
Following those 2 hints will keep you out of trouble for the most part.
____________________________
You have got to be freaking kidding me Avery! This is how you "teach" people to trade? Is this kind of advice all through this huge thread? Tell you what man, I'm going to go through this thread for the first time, and afterward, I hope you don't mind if I put in MY 2 cents?...Just please tell me you are doing MORE for these good people than that bull crap up above! If you're THAT lazy, or time stricken Avery, why post anything at all?
I'LL BE BACK....
- WALLSTREETGENIUS -
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WALLSTREETGENIUS
983 posts
msg #66160
- Ignore WALLSTREETGENIUS
modified |
8/13/2008 9:41:03 PM
I'm going to respect the author of this thread by just saying..."I'm very surprised at you Avery." But now I understand why you've been dodging me...it all makes perfect sense now...guess I would too if I were in your shoes...(WINK)
- RIGGS -
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