davesaint86
725 posts
msg #154166
- Ignore davesaint86
modified |
10/4/2020 5:18:26 PM
I saw this strategy on another site and attempted to build the filter for it. I forgot who posted the code for the RS, ROR, Score, but I added it to the filter. Thanks. If you filter one week prior, this is when many of the buys triggered. You would have also bought the Monday following the March 23rd reversal candle low.
Buy Rules
• The price on the weekly must undercut the previous 3 weeks (Reversal Bar)
• Price must close above the prior week’s close
• The volume must be above the average
• You enter on Monday the following week
Sell Rules
• Sell ½ the position at a 8% gain
• You sell the second half after prices closes below the 50 DEMA or weekly 10 WEMA
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Cheese
1,374 posts
msg #154167
- Ignore Cheese
modified |
10/4/2020 5:50:10 PM
Very interesting. Thank you, dave
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Cheese
1,374 posts
msg #154168
- Ignore Cheese
modified |
10/4/2020 6:09:16 PM
@davesaint86
Is BBSell meant to be in this line of code ?
add column BBLongposition{BBSell}
Thanks
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davesaint86
725 posts
msg #154176
- Ignore davesaint86
modified |
10/4/2020 8:20:22 PM
Cheese (KD) yes to your question. The BB Sell is the upper Bollinger Band and can be used as a sell. If you look up FSK in StockCharts on the Daily chart you will see that price is above the upper Bollinger band. However, it is not above the upper Bollinger band on the weekly. With that said technically it's not part of the sell strategy from the video I saw. If you offset the filter by a week it looks like 81 out of the 93 stocks listed closed the week out with a gain.
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Cheese
1,374 posts
msg #154179
- Ignore Cheese |
10/4/2020 10:44:41 PM
Thank you very much, dave.
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Cheese
1,374 posts
msg #154306
- Ignore Cheese |
10/13/2020 8:47:51 AM
Thanks again, dave.
I think in some cases, drawing snappy's cma(PVI,22) may add value to some of the trading decisions
for some of your filter picks.
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davesaint86
725 posts
msg #154308
- Ignore davesaint86 |
10/13/2020 9:22:17 AM
Thank you! I found the video I watch. All - if I have the code wrong please correct the filter.
https://members.thetradersplan.com/income-video
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snappyfrog
721 posts
msg #154309
- Ignore snappyfrog |
10/13/2020 9:36:06 AM
Thank you Cheese
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Cheese
1,374 posts
msg #154312
- Ignore Cheese |
10/13/2020 9:15:08 PM
@davesaint86 and @snappyfrog
So, I've watched Steven Cawiezell's video and I appreciated what you've given us even more,
Steven Cawiezell's material is timely and has good value.
https://thetradersplan.com/
https://members.thetradersplan.com/income-video
In that video, Steven Cawiezell stressed that his system is rules-based.
However, he then disclosed that he simply decided to stay out of the March 2020 downturn because
he didn't understand covid. He did not show any rule to support this decision.
I suspect that without a rule, he might not have avoided the more recent Sep 2020 pullback.
Steven Cawiezell's use of weekly EMA(10) and weekly EMA(40) didn't seem to be able to avoid
painful drawdowns in either Mar 2020 or Sep 2020.
Dave's filter appeared to have cleverly attempted to mitigate Steven Cawiezell's gaping flaw of
not having a robust exit rule in times of pullbacks. Dave's filter made use of EMA(4) and of
Slow Stochastics(5,1) %K
Personally, I would use a two-step process:
1. Use dave's filter as is, to get the potential simulated picks from Steven Cawiezell's system, then
2. Use snappy's CMA(PVI,10) to keep me out of part of the drawdowns and to let winners run.
The rule appears to be simply BUY ABOVE, SELL BELOW
In summary, Steven Cawiezell seems to be a good system. I look forward to using it,
with the added improvements from dave and snappy.
Just my two cents
Thanks again, dave and snappy
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ron22
255 posts
msg #154313
- Ignore ron22
modified |
10/13/2020 10:42:14 PM
@davesaint86, Thank you for your filter. I like it a lot. Good trading. Ron
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