cello13
88 posts
msg #48947
- Ignore cello13 |
1/5/2007 3:37:17 AM
Hi all
I think, some will like this filter.
Thanks to TRO and Riggs for some parts of it, which I put in. Please tell me your thoughts and - of course - your suggestions!
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WALLSTREETGENIUS
983 posts
msg #48956
- Ignore WALLSTREETGENIUS |
1/5/2007 12:10:29 PM
Cello -
Looks as though you have been paying close attention. As a suggestion, I would go with a "DMA 3% above close" rather than 5%. I used to use 5% when I first constructed DMA, but found many more hits with 3%. Good luck with your filter Cello, looks to be a fine one at that.
- RIGGS -
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cello13
88 posts
msg #49039
- Ignore cello13
modified |
1/8/2007 11:22:03 AM
Hi Riggs
Thx for your advice. I tried both - 3% and 5% - and the difference in Results in not that great. 5% took out a lot of the "red" ones ;-).
What do you think about the market direction actually? In my opinion, we're still in a bull market with a short correction... Despite, I don't like the bearish engulfing (weekly chart) on QQQQ 4 weeks ago.
Cheers
Cello
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bloosteak
35 posts
msg #49290
- Ignore bloosteak |
1/16/2007 2:08:29 AM
one of the results was ALY, I don't see any divergence. where is it?
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marine2
963 posts
msg #49301
- Ignore marine2 |
1/16/2007 12:54:14 PM
I added an extra line to show companies filtered here with its price rising on trend basis. I added "and ma(50) increasing previous 3 days". Yes, it cuts the filtered numbers down but when I did the backtest with my particular exit parameters it really made alot of money in the designated time frame. It made over $20,000 dollars.
I am not sure however why a particular filter such as this would show a negative ROI ? It doesn't make sense when at the same time it shows it made over $20,000 bucks on trades during the designated period? Run it out and see if you see what I am seeing.
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cello13
88 posts
msg #49322
- Ignore cello13
modified |
1/17/2007 2:42:50 AM
@bloosteak
Look at the RSI(2). While close made a new low, RSI(2) didn't as well... may have a look at it @ www.prophet.net. You'll see, what I mean...
@marine2
Don't care about backtesting. I prefer having a look at the charts myself. Just a few days back. Most of the shares have an upwards move after finding them. Of course, a lot of them will correct this movement again and result will be negative... That's the matter of backtesting IMO!
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marine2
963 posts
msg #49338
- Ignore marine2 |
1/17/2007 5:03:26 PM
I stand corrected concerning what I was stating on my earlier posting. I was stating that from this filter I was getting a backtest result with a negative ROI figure well that was not correct. I had my backtest setting wrong and now it shows a very positive number. I also stated incorrectly that this filter made during my designated period over $20,000 well with my backtest setting correction that too is not correct, it now shows a profit of over $15,000 instead. All happy info on this filter I may add.
Backtesting does give you a warm and fuzzy feeling on a particular filter opposed to another one. With all the filters we do produce in here it does make sense to have a way to find the better ones and use them instead of not knowing which ones are the best in a blind way. Backtesting for many of us helps to simplify our filter use.
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cello13
88 posts
msg #49350
- Ignore cello13 |
1/18/2007 5:09:37 AM
I don't mind if you backtest and publish your results. Despite there are a few bugs in backtesting, it shows, which filters may have better results. So it's possible to compare them. IMO it's best to have a direct look at the results, when you decide to use a filter...
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marine2
963 posts
msg #49370
- Ignore marine2 |
1/18/2007 10:17:10 PM
Bottomline is, you have a very nice filter you created.
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cello13
88 posts
msg #49375
- Ignore cello13 |
1/19/2007 2:11:07 AM
Thx for the compliments! Hope you'll make some $ with it :-)
Take "share" :-)
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