graftonian
1,089 posts
msg #155430
- Ignore graftonian
modified |
1/25/2021 9:57:53 AM
The next change will be, combine column 6 and column 7 into 1 variable (msg #155415).
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fotchstecker
304 posts
msg #155443
- Ignore fotchstecker
modified |
1/25/2021 9:14:37 PM
Impressive filter, Graftonian. Thanks.
I wonder: is there a way to rank or additionally filter the tickers that come through. Is there a way to get down to, say, 10 max candidates per day? (other than the obvious, like price ranges or similar.)
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graftonian
1,089 posts
msg #155448
- Ignore graftonian |
1/26/2021 10:32:15 AM
Fotch,
adding "TRIGGER > 4" would do it.
Graf
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fotchstecker
304 posts
msg #155462
- Ignore fotchstecker
modified |
1/27/2021 9:11:39 AM
Graftonian, I'm working on converting this to a strategy. My first question to you was about reducing the number of candidates. My second: What are your thoughts about how to create stoploss levels?
I have two that I'm testing:
1. An "EMA Ribbon" where the position is scaled-out in stages if price crosses below the 10, 20, and 30 EMAs.
2. Using the lowest value among the 30, 20, and 10 ATRs (in percent) as the stoploss in percent from the entry. The idea being that there are already range expansions in play and that a downside move at least as big as the largest recent average range move should draw a line.
However, neither of these really have anything to do with the indicators you use. Given your construction of the filter, what are your thoughts regarding where to draw a stopline on positions generated in the filter? Curious to hear your thoughts. Thanks!
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graftonian
1,089 posts
msg #155463
- Ignore graftonian |
1/27/2021 9:55:39 AM
fotch,
For stoploss, I use The higher of PSAR, or three significant period countback line.
Graf
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fotchstecker
304 posts
msg #155465
- Ignore fotchstecker |
1/27/2021 12:05:02 PM
Thanks, graftonian. For PSAR, does that mean you will exit on a green-to-red change (as in the colors of the PSAR as charted)?
I didn't understand what you mean by "last 3 significant periods" -- could you explain?
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graftonian
1,089 posts
msg #155469
- Ignore graftonian |
1/27/2021 4:00:07 PM
Fotch,
This vid. explains 3 day CBL better than I can.: https://www.youtube.com/watch?v=RYnKCALK5xM
I place a stop market order when executing a buy order, and raise my stop once or twice a day as warrented by CBL or PSAR. I pasted the following code to the end of my filters. I almost never buy the whole amount, as I am almost always limited by "cash on hand".
Graf
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fotchstecker
304 posts
msg #155470
- Ignore fotchstecker |
1/27/2021 5:30:07 PM
Graftonian, this is very helpful. I appreciate it much! Thank you.
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