stefonk
33 posts
msg #99201
- Ignore stefonk |
2/18/2011 9:26:10 AM
I need help with writing this filter, If the ADX(5) crosses above 85 and ADX(14) also crosses above 70, then sell. I need a column so that I can see the value. I want to be able to set my sell limit at that value or better.
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bkhurana43
103 posts
msg #99217
- Ignore bkhurana43 |
2/18/2011 12:16:08 PM
Are you working with very low volume stocks?
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stefonk
33 posts
msg #99218
- Ignore stefonk
modified |
2/18/2011 12:46:40 PM
Actually I am not but I don't know why its picking up such low volume. I am not using that as a scan alone filter, but as a guide as to when to sell.
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bkhurana43
103 posts
msg #99244
- Ignore bkhurana43 |
2/19/2011 8:18:22 AM
What is the criteria you are using to buy? Define your filter indicators for going LONG before an exit strategy could be suggested.
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miketranz
961 posts
msg #99256
- Ignore miketranz |
2/19/2011 5:48:37 PM
Try a "+money dollar stop".Things don't always work out the way they're planned on paper.Go back over all your current +money trades,if you're lucky enough to have some.Calculate what your average gain is,in dollar terms.Sell out at that number.....
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stefonk
33 posts
msg #99257
- Ignore stefonk |
2/19/2011 5:56:47 PM
for going LONG when RSI(2)>RSI(5)>RSI(10)>RSI(20) and they are all greater than 70.
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bkhurana43
103 posts
msg #99261
- Ignore bkhurana43
modified |
2/19/2011 6:50:11 PM
stefonk
msg #99257
- Ignore stefonk 2/19/2011 5:56:47 PM
"----for going LONG when RSI(2)>RSI(5)>RSI(10)>RSI(20) and they are all greater than 70.---"
stefonk
Are you sure that you go LONG when RSI values are above 70? It should be otherway around. You go SHORT as the RSI values indicate "OVERBOUGHT" situation. have a look at this filter:
Please correct me if I am mistaken.
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four
5,087 posts
msg #99262
- Ignore four |
2/19/2011 6:57:15 PM
Experiment using day point range as a sell target
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bkhurana43
103 posts
msg #99266
- Ignore bkhurana43 |
2/19/2011 9:38:53 PM
four
How do you interpret this particular signal from the displayed pick of Fridays close?
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four
5,087 posts
msg #99268
- Ignore four |
2/19/2011 11:08:30 PM
How do you interpret this particular signal from the displayed pick of Fridays close?
--
BUY = high +.03, TDS $34.39 + .03 = $34.42
SELL = Selll + .03 = $34.62 + .03 = 34.65
In general, buy the high + .03 for next day and sell the Selll +.03
HTH
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