StockFetcher Forums · Filter Exchange · Using the IBD 200<< 1 2 >>Post Follow-up
SAFeTRADE
644 posts
msg #51657
Ignore SAFeTRADE
5/17/2007 1:27:47 PM

I am looking at this filter to trade the Dow 30 and the Nasdaq 100. I applied
it to the IBD top 200 and I like what I see, also I like the Dow 30 and the Nasdaq 100. I also like it because it reduces the amount of stocks that come up
in the scan. My way of reducing the universe of stocks. This method just scans the quality stocks and the ones that are moving. I like longer term trades.

Fetcher[/* stop is 2 average trade ranges away from buy point */

set{stop, atr(20) * 2}
set{buystop, close - stop}
set{risk, stop / close}
set{riskx100, risk * 100}
set{wager, 6000. * .01}
set{equity, wager / risk}
set{shareqty, equity / close}
set{total, 2000. / close}
set{totals, total * close}


/* the end */


high reached a new 55 day high in the last 1 day
apply to watchlist(IBD200)


set{55high, count(high reached a new 55 day high in the last 1 day,1)}
set{13low, count(low reached a new 13 day low in the last 1 day,1)}
draw 13low on plot 55high
add column separator
add column stop
add column riskx100
add column separator
add column close{buy}
add column buystop
add column ceil(shareqty){Risk Qty}
add column equity{Risk Equity}
add column separator
add column ceil(total){pf Qty}
add column totals{pf equity}

draw macd(12,26)
compare with dia

/* Relative Strength Rating */

set{range, high 52 week high - low 52 week low}
set{ppdif, close - low 52 week low}
set{ppdiv, ppdif / range}
set{rs, ppdiv * 100}
add column separator
add column rs

/* The End */
]



Entry on a new 55 day high, Exit on a new 13 day low.

jjanci
1 posts
msg #52811
Ignore jjanci
modified
7/5/2007 3:50:00 PM

Here is a start....... I added the option parameter if you want to trade the strategy using calls. This filter can be applied to your IDB 200 watch list.

Fetcher[show stocks where average volume(90) > 100000
and close is more than 2% > close 1 day ago
and volume is more than 20% > volume 1 day ago
and stock is optionable
and close 1 day ago < close 2 day ago
]



StockFetcher Forums · Filter Exchange · Using the IBD 200<< 1 2 >>Post Follow-up

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