alp1535
13 posts
msg #61156
- Ignore alp1535 |
4/6/2008 3:56:01 PM
Hi everyone,
I'm using TROs filter "got milk" which I combined with some of TROs other filters to get what i think i need. see filter below.
My question is would someone indicate which columns are the most important for picking the right stock. I only need one or two stocks to trade over and over like everyone suggests.
Would someone point me in the right direction? What do I really need to know?
Here are the columns i think are important, but i could be wrong."
1) I want up trend = 111,
2) I want dlxdl (had to chg letter from clxcl) to = -3 (to determine pullback),
3) I want rsi(2) = between 30-70
4) I want trading range = +$1
5) vol +$1 million
6) open,high,low, 1dayago close -- use the hi-open for horizontal lines and trapline (hi+open/2)
7) Select stats which show profit of .10, .20 to be abve 80%
also these items are part of my checklist
7) check earnings
8) close between 5 and 50
9) check aftermarket and premarket for gaps up/down
10) beta above 1
11) check industry/sector for hottest for month)
12) check news
Also since i'm trading an IRA account, I can't use margin to short. (bummer). have to trade long.
however I've heard about the inverse EFTs for a bear markets.
What's your thinking on inverse ETFs?
Thanks for your help
TROs Got Milk filter with alterations follows:
/* TRO STAT SCAN - OPEN TO HIGH */
set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl , CCa - CCb}
set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }
/* Long Profit Statistics Display */
set{HiOp, high - open}
set{Long_Profit, HiOp }
set{ MaxHiOp , HiOp 100 day high }
set{ MinHiOp , HiOp 100 day low }
set{ AvgHiOp , CMA( HiOp , 100 ) }
set{B0A, count(Long_Profit > .05 , 100)}
set{B1A, count(Long_Profit > .1 , 100)}
set{B2A, count(Long_Profit > .2 , 100)}
set{B3A, count(Long_Profit > .3 , 100)}
set{B4A, count(Long_Profit > .4, 100)}
set{B5A, count(Long_Profit > .5, 100)}
set{B10A, count(Long_Profit > 1.00 , 100)}
set{B20A, count(Long_Profit > 2.00 , 100)}
set{B50A, count(Long_Profit > 5.00, 100)}
SET{GREED, B0A - B1A}
set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}
Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}
Set{aa, a1 + a2}
Set{TREND, aa + a3}
and add column separator
and add column trend
add column DlxDl
add column HiOp
and add column separator
add column day point range
set{DDb,days(close is above close 1 day ago,100)}
set{DDa,days(close is below close 1 day ago,100)}
set{DlxDl , DDa - DDb}
and add column separator
add column OPEN
add column HIGH
add column LOW
add column CLOSE 1 day ago
and add column separator
and add column rsi(2) 2 day ago {2ago}
and add column rsi(2) 1 day ago {1ago}
and add column rsi(2)
and add column separator
and add column B0A {OVER.05}
and add column B1A {OVER.10}
and add column B2A {OVER.20}
and add column B3A {OVER.30}
and add column B4A {OVER.40}
and add column B5A {OVER.50}
and add column B10A {OVER1.00}
and add column B20A {OVER2.00}
and add column B50A {OVER5.00}
and add column separator
add column atr(10) above 1
add column beta
and add column volcnt
and add column volzero
/* SELECTION CRITERIA */
close between 5 and 50
volume above 1000000
sort column 20 descending
|