| StockFetcher Forums · Filter Exchange · Searching for a simple but secure filter.... | << >>Post Follow-up |
| Aktienfahnder 36 posts msg #41779 - Ignore Aktienfahnder |
3/6/2006 11:43:00 AM Hello, my idea is to create a simple but effective filter for my trading style. I prefer stocks between 0 and 5$ - the maximum drawdown (or loss) should be 10% - and I would like to realize a 10% (or even more) win within 2 days. Best possible, it should have a win ratio of at least 60%. I know this sounds too perfect - but maybe someone has an idea? I have tested and created a couple of filters myself and I´m still trying. But I´m also interested to hear your ideas. So, please let me know of any idea. Thanks to you and greetings from Good Old Germany, Aktienfahnder |
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| Koronbock 201 posts msg #41780 - Ignore Koronbock |
3/6/2006 12:08:44 PM Guten Tag Aktienfahnder, your request sounds a little bit like "I want to have the cake and eat it, too". Your request is unrealistic. RISK and potential PROFIT are always part of the same equation. You can't have high Profit alone without the risk. You sound like a man who said "Better to be rich and healthy than poor and sick". Good trading. |
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| Aktienfahnder 36 posts msg #41781 - Ignore Aktienfahnder |
3/6/2006 12:13:23 PM Ok, maybe I wanted too much... I agree that it sounds too unrealistic - and I´m willing to risk something - so, let´s forget about the 60% win ratio - would it make it better? |
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| WALLSTREETGENIUS 983 posts msg #41784 - Ignore WALLSTREETGENIUS |
3/6/2006 2:20:38 PM LOL!!!! |
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| Koronbock 201 posts msg #41818 - Ignore Koronbock |
3/7/2006 4:30:55 PM Aktienfahnder, well, to be honest with you, you sound somewhat naive trying to "make it big quickly". I know it is a very attractive idea, to "have a great filter". As some more experienced members here have pointed out on several occassions, the filter is just part of the whole game plan (and a minor one in my opinion). Money management is extremely important. I would like to direct your attention to this. Read about money management and "mathematical expectation". A system with a positive mathematical expectation will let you win more than you lose on average and on a constant betting size. While a system with a negative mathematical expectation cannot (by any means) be turned into a a winning game, a system with a positive mathematical expectation can turn into a losing game with poor money managment. Read a lot of stuff about this first, then paper trade, then invest small amounts of money which you can afford to lose. Do your homework first. AFTER ALL THIS you may be on the way to be a successful player in this game. Winning this game is not about "great filters". It is "1% inspiration and 99% perspiration". Good luck. |
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| heyen 124 posts msg #41820 - Ignore heyen |
3/7/2006 5:42:09 PM Unrealistic? I dont know, be aware of money management and expect those trades only to happen once a month :-). BTW these are all nasdaq stocks, traded above 250000 on average. Its only the icing on the cake. This strategy alone is not satisfying. And an expectation of 10% every 2 days is indeed not realistic. Ausser man hat die Glaskugel, die die Zukunft zeigt :-)
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| RWRiggleman 3 posts msg #41821 - Ignore RWRiggleman |
3/7/2006 5:45:49 PM Aktienfahnder; Give this a try................ set{buy, low * .95} High 52 Week High is between 1.00 and 3.99 and low is between 1.00 and 3.99 and Average Volume(62) is greater than 250000 and market is not OTCBB add column High 52 Week High add column Low 52 Week High add column High add column Low add column Buy
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| Aktienfahnder 36 posts msg #41831 - Ignore Aktienfahnder |
3/8/2006 2:41:42 AM Hi to all of you, I´m very happy to receive so many responses - and, to be honest, that was part of my plan. I have to admitt that I´m not as stupid as my posting made it look like. In fact I have read quite a lot about money management (so thanks for your advise - it is really very important!). And I´m also currently "papertrading" some portfolios with filters from stockfetcher. What however was my idea? - I know that if a "Holy Grail" was existing, everyone would use it. There are quite good filters around - the only problem, the higher the expected win, the higher the risk (drawdown). I´m looking for an approach which has a low drawdown - so I will not be stopped out. And a 10% win within two days - forget about it - 5 days is good enough... ;-) Trading for real I made quite good results - using only ema, macd, rsi, and my intuition. However, I did not manage to create a filter yet, that can do the same... (probably because intuition can not be covered by technical analysis). So long, Aktienfahnder |
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| Aktienfahnder 36 posts msg #41832 - Ignore Aktienfahnder |
3/8/2006 2:48:08 AM @RWRiggleman: Thanks, I was just taking a short look at your filter - and I guess it´s quite good for my purposes - however, I´m short on time right now, so I will check it more precisely later on. Thanks again. (but, do you have an advice on when to buy, entry?) Greetings, Aktienfahnder |
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| RWRiggleman 3 posts msg #41844 - Ignore RWRiggleman |
3/8/2006 6:54:43 PM Aktienfahnder, Absolutely!! I buy 5% below the previous days low price. Here's the filter I use to set the buy price: set(buy, low 1 day ago * .95). I also make the statement conditional. Hope this helps................ |
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| StockFetcher Forums · Filter Exchange · Searching for a simple but secure filter.... | << >>Post Follow-up |
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