| StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER | << 1 2 3 4 5 ... 40 >>Post Follow-up |
| TheRumpledOne 6,529 posts msg #45084 - Ignore TheRumpledOne |
6/18/2006 11:36:40 AM radovan.arendas TRO, could you please add XgapdnAverage and XgapupAverage to see what is the average gap up and gap down for a stock? In percentages over open if possible? I'm trying to figure it out but I lack an 'if-then' statement. Thanks in advance r.a. .......................................................................... See my post on BOOLEAN LOGIC and you will see how to code IF THEN in StockFetcher. |
| TheRumpledOne 6,529 posts msg #45085 - Ignore TheRumpledOne |
6/18/2006 11:38:21 AM radovan.arendas - Ignore radovan.arendas - Report offensive post 6/18/2006 1:57:28 AM Anybod experienced SYNTAX issue with editing TRO's filters? When I click on the filter posted above I get results. When I copy-paste the same and save in my filters I get 0 results. I was looking for any synatx issue but didn't find anything. Should I somewhere configure that text after /* is recognized as comment? Thanks for help r.a. ......................................................................... 1) Are you sure you copy/pasted the ENTIRE filter? 2) Do you have a global setting that may interfere with the filter's operation? |
| radovan.arendas 41 posts msg #45090 - Ignore radovan.arendas |
6/18/2006 3:56:40 PM Thanks TRO for navigating me to "A COMPLETE LOGIC SYSTEM - ANOTHER GIFT FROM AVERY" topic. I'll look at it right now. Regarding the copy-paste issue ... I copy-pasted correctly. What I found is that the saved-copy-pasted filter worked after cca an hour later. Considering the unusuall time (around 1:45am when I was trying it) I came with a theory that either SF runs some scheduled procedures that interfere with filter or the IT people in my work did something like that (although I can't imagine what could interfere with internet connection in that way). Anyhow the filter works correctly now. Thanks for your concerns and navigation r.a. |
| TheRumpledOne 6,529 posts msg #45222 - Ignore TheRumpledOne |
6/23/2006 7:11:50 PM pop to the top |
| guru_trader 485 posts msg #45367 - Ignore guru_trader |
6/29/2006 2:38:59 PM TRO: The odds are in your favor if you "fade the gap". Stocks that fill the gap over 80% of the time are "cows ready for milking". Just set your profit target slightly less than the gap and it's almost a "lock". Or trade it for even more profit. This is about as simple as it gets. Remember, this just counts the fills... You can even make money if the gap doesn't fill all the way! ======================================================= I'm doing the backtesting on this and I'd like to know: When you say to set your profit target slightly less than the gap ... 1) Is the gap = "close 1 day ago - open" for a gap DOWN? 2) Would the "profit target" be slightly below the "close 1 day ago" for a gap DOWN? 3) I guess we need to factor in the time it takes to get filled ... what is a reasonable amount of time/ticks to get filled? I know that some brokerage services will allow you to "buy at open", but I'm wondering how much time/ticks to factor in when "selling". 4) Who do you use for your brokerage services? 5) Do you use money management for all your entry and exits on a daily basis? Are you using the system you posted on the other thread? |
| guru_trader 485 posts msg #45377 - Ignore guru_trader |
6/29/2006 6:46:10 PM Some initial observations based on my M$ Excel spreadsheet analysis of the "Fading the Gap" Strategy: I have performed this analysis on various stocks and will post some results below. The selection of these stocks was partly random. Please recommend any stocks for analysis. ============================================================ Analysis of GOOG during the dates: 8/24/2004 through 6/28/2006 Note: This was not the best stock for looking at DOWN GAPS, but I will post results of other stocks soon Out of 466 days traded ... GOOG gapped up 299 times, or 64% of the time GOOG gapped down 165 times, or 35% of the time GOOG did not gap 2 times, or <1% of the time Out of the 165 times (35%) GOOG gapped down, based on the day's HIGH, what happened ... 28% of the time GOOG completely filled the gap at the HIGH of the day (sometimes within minutes of opening, as TRO pointed out) 7% of the time GOOG partially filled the gap at the HIGH of the day === 35% Total If you simply bought GOOG at the OPEN of a down-gapped day and closed your position at the end of that day ... 14% of the time GOOG completely filled the gap at the CLOSE of the day = full gain 3% of the time GOOG partially filled the gap at the CLOSE of the day = partial gain 18% of the time GOOG closed down for the day with a loss = loss === 35% Total If you simply wanted to watch GOOG throughout a down-gapped day, here is what happened ... 14% of the time GOOG gapped down, filled the gap at the day's HIGH and closed above yesterday's CLOSE 2% of the time GOOG gapped down, filled the gap at the day's HIGH and closed between today's OPEN and yesterday's CLOSE 12% of the time GOOG gapped down, filled the gap at day's the HIGH and closed below the day's OPEN 1% of the time GOOG gapped down, partially filled the gap at the day's HIGH and closed between the day's OPEN and yesterday's CLOSE 6% of the time GOOG gapped down, partially filled the gap at the day's HIGH and closed below the day's OPEN === 35% Total |
| TheRumpledOne 6,529 posts msg #45386 - Ignore TheRumpledOne |
6/30/2006 4:16:00 AM I'm doing the backtesting on this and I'd like to know: When you say to set your profit target slightly less than the gap ... 1) Is the gap = "close 1 day ago - open" for a gap DOWN? Yes. 2) Would the "profit target" be slightly below the "close 1 day ago" for a gap DOWN? Yes. 3) I guess we need to factor in the time it takes to get filled ... what is a reasonable amount of time/ticks to get filled? I know that some brokerage services will allow you to "buy at open", but I'm wondering how much time/ticks to factor in when "selling". Depends on the stock. 4) Who do you use for your brokerage services? Ameritrade and Scottrade. Had TradeStation but they closed my account. 5) Do you use money management for all your entry and exits on a daily basis? No. I scalp. Are you using the system you posted on the other thread? If you are talking about Milk The Cows... No, I had that automated on TradeStation. I need to get another direct access broker. |
| TheRumpledOne 6,529 posts msg #45497 - Ignore TheRumpledOne |
7/6/2006 1:06:17 PM POP TO THE TOP. |
| nikoschopen 2,824 posts msg #45498 - Ignore nikoschopen |
7/6/2006 1:24:30 PM TRO, I haven't had time to browse the TradeStation forum lately, so I have very little understanding of how you got booted out altogether. Unless you have been self-elected as the next kingpin of Ponzi scheme or the like, it seems little too excessive that they actually banned you outright. I wonder if TradeStation even has such right? |
| shelupinin 120 posts msg #45513 - Ignore shelupinin |
7/7/2006 7:54:45 AM TRO, Whey closed your account? Why? Do you know any other broker which has platform with built-in programming language? I tried to find such broker but found nothing :( They claims IB has easy API but anyway it takes a lot of time to learn API, I'd like to have a broker with easy to learn built-in scripting language. Any suggestions for such broker? Alex |
| StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER | << 1 2 3 4 5 ... 40 >>Post Follow-up |
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