StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 5 6 7 8 9 ... 40 >>Post Follow-up
veloman
10 posts
msg #46269
Ignore veloman
8/9/2006 12:46:03 AM

I wish I could buy 1000 shares of a big board like aapl! 68 grand lol. More like 100 shares.


TheRumpledOne
6,529 posts
msg #46273
Ignore TheRumpledOne
8/9/2006 7:19:19 AM

Have you ever heard of MARGIN?

On TradeStation, you get 4:1 margin.




nikoschopen
2,824 posts
msg #46275
Ignore nikoschopen
8/9/2006 9:02:12 AM

Margin is, well, like a double-edge sword. It can be both a recipe for success and a recipe for disaster, depending on how fail-prone or fail-proof ure system is. For the most part, the longest route tends to be the safest route. The best method of avoiding losses is, I'm told, to stay out when in doubt.

BTW, have you heard of OPTIONS?


TheRumpledOne
6,529 posts
msg #46277
Ignore TheRumpledOne
8/9/2006 9:30:00 AM

OPTIONS?

Of course...LOL!




TheRumpledOne
6,529 posts
msg #46283
Ignore TheRumpledOne
modified
8/9/2006 12:54:41 PM

Fetcher[
/* gap fill statistics buy close, sell open*/

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 100)}
set{gapdn100f, count(gapdnfilled > 0, 100)}

set{gapfilled, gapup100f + gapdn100f}

/* DRAW PLOTS */

DRAW XGAPPED ON PLOT XGAPPED

/* DISPLAY COLUMNS */

and add column gappedup100
and add column gappeddn100
and add column gapfilled
and add column gapup100f
and add column gapdn100f

and add column cma(absgap, 100)
and add column absgap 100 day high
and add column absgap 100 day low

/* SELECTION CRITERIA */

CLOSE ABOVE 1
avg volume(30) above 300000

gappedup100 above 66

/* SORT CRITERIA */

SORT COLUMN 5 DESCENDING
]



Buy at market close, sell at the open the next session.

Statistics in your favor.

MAY ALL YOUR FILLS BE COMPLETE.

P.S. THEN YOU CAN FADE THE GAP... LOL!!




estetson
9 posts
msg #46372
Ignore estetson
8/14/2006 5:14:33 PM

TRO,

The last filter you posted is based on this strategy, you said, "Buy at market close, sell at the open the next session. Statistics in your favor."

Okay, I can see the logic in that, and it's a very simple system to use (easier than fading the gap), but I have two questions:

1. Would it be better to take trades where the stock had the most gap ups, such as 80+ out of 100, or instead where the average gap was the highest, the MA(absgap,100) column, right?

2. Is there really any evidence to show that if a stock had a lot of gap ups or large gap ups over the past 100 days, that it is likely to continue following such a pattern in the future? I wonder whether the opposite might actually be more likely, since statistical anomalies tend to even out over time.

Any thoughts?


TheRumpledOne
6,529 posts
msg #46373
Ignore TheRumpledOne
8/14/2006 7:47:18 PM

1) You pick the top stocks out of both categories.

2) NO. The stocks are on the list because they exhibit these tendencies over a period of time.

HTH.


kliebert
17 posts
msg #46389
Ignore kliebert
8/15/2006 2:17:23 PM

Hey, Rump check this out...

http://www.daytradeformoney.com/


alf44
2,025 posts
msg #46391
Ignore alf44
8/15/2006 3:15:09 PM

"A.H."

Hmmmm...I wonder who that could be ?

Surely not "Avery Horton" aka "TheRumpledOne" ??? LOL

Too funny !!!


Regards,

alf44



nikoschopen
2,824 posts
msg #46409
Ignore nikoschopen
8/16/2006 2:42:19 AM

Man, talk about conspiracy theory! LOL


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