| StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER | << 1 ... 10 11 12 13 14 ... 40 >>Post Follow-up |
| rwgamer 17 posts msg #56194 - Ignore rwgamer |
10/30/2007 12:38:32 PM From what I've read, I would say this is the order from most likely to least likely for a gap to be filled: 1. Exhaustion Gap 2. Area or Common Gap 3. Continuation Gap 4. Breakaway Gap CF and GRP were nice ones today. CF could probably be labeled an exhaustion gap. Rick |
| rwgamer 17 posts msg #56197 - Ignore rwgamer |
10/30/2007 3:43:21 PM I've been paper trading for several months trying a bunch of different strategies and had already figured out that "Fill the Gap" was producing my largest gains with a high win ratio. Now that I've added in the statistics filter from TRO, I think my win ratio will improve even more. I'm getting ahead of myself because I want to manually trade for a good period of time before automating, but I'm curious if you have this filter coded in TradeStation TRO? Stockfetcher's programming language seems much more primitive than TradeStation's. It's kind of annoying how you keep having to use new variables with set statements instead of just performing an operation on an existing variable. For example I can't say varpercent = varpercent*100 in Stockfetcher. Also the data is delayed by a variable length. On most days the latest data is shown at 10:05EST, but sometimes it is later for some unknown reason. Rick |
| TheRumpledOne 6,529 posts msg #56199 - Ignore TheRumpledOne modified |
10/30/2007 4:28:32 PM I don't code "filters" in TradeStation... That's what StockFetcher is for. I code automated trading strategies and indicators for TradeStation. If you want to trade this successfully, then pick ONE stock and trade it over and over and over again, day after day after day. If you only get ONE trade a day, DO NOT BE TEMPTED TO LOOK FOR MORE. The secret you must learn is LEARNING HOW TO WAIT FOR THE TRADE. Look at AAPL today for an example. 
Just waiting for the price to enter the long or short zone pays off. You don't have to guess tops or bottoms. The price will move from open to high and from open to low and if you enter the trade in the zone, you can capture the profit. This is TOO SIMPLE for most to grasp because you don't need indicators or fancy math. |
| TheRumpledOne 6,529 posts msg #56200 - Ignore TheRumpledOne |
10/30/2007 4:35:28 PM
RIMM.. simple trades, simple profit. See the gap get filled!! |
| rwgamer 17 posts msg #56202 - Ignore rwgamer |
10/30/2007 5:49:24 PM TRO: "I don't code "filters" in TradeStation... That's what StockFetcher is for. I code automated trading strategies and indicators for TradeStation. " Well if you could code everything including the stock selection process, you could vacation in the Bahamas while your computer is trading for you. I haven't used TradeStation, so I can't tell you if it's possible to write an equivalent filter using their EasyLanguage or whatever they call it. Of course you would have to have redundant everything, a failover Internet connection, backup computer...you'd pretty much be running a data center. Or maybe you could just hire somebody to make sure nothing crashes. I'm just thinking outside the box here. I do intend to create a bunch of basket stocks that have filled the gap a high percentage of times in the past--but no stock is going to gap up or down a significant amount every day. I know you scalp based on your previous posts, so a .4% gap IS significant to your trading style. |
| TheRumpledOne 6,529 posts msg #56204 - Ignore TheRumpledOne |
10/30/2007 6:31:20 PM
Seeing is believing. |
| TheRumpledOne 6,529 posts msg #56205 - Ignore TheRumpledOne |
10/30/2007 6:35:01 PM rwgamer... with all due respect, I have been working on this since 2002. THIS WORKS! If there is a HOLY GRAIL, THIS IS IT! Automation is NOT the same as unattended... someone must be watching. It's simple, I run stockfetcher to get my COWS. They don't change much. I take the top 20 and load them into TradeStation. You see the results. These stocks have the range and volume needed to produce "milk" everyday. Vegas would kill for these odds. |
| TheRumpledOne 6,529 posts msg #56206 - Ignore TheRumpledOne |
10/30/2007 6:38:34 PM "I do intend to create a bunch of basket stocks that have filled the gap a high percentage of times in the past--but no stock is going to gap up or down a significant amount every day. I know you scalp based on your previous posts, so a .4% gap IS significant to your trading style." I don't care about percent. All I care about is price. When a computer is trading, you have to think like a computer. If the computer trades 20 stocks a day and nets $.10 per share per stock, that's a net $2,000 a day or $500k a year. There is no need to be greedy. I don't care how much it could have made. Hey brother, can you spare a dime? LOL!!! |
| TheRumpledOne 6,529 posts msg #56207 - Ignore TheRumpledOne modified |
10/30/2007 6:52:47 PM How many times did the stock close up more than a dime? How many times did the stock close down more than a dime? That shows me volatility. I already have the high - open and open - low stats. |
| dwiggains 447 posts msg #56228 - Ignore dwiggains |
10/31/2007 11:25:58 AM TheRumpledOne I like your work here. Have you thought of modifying this filter to give you the statistics --- if the stock opens up the percentage of the time it will close above open. Could also look at the short side. Thanks See ya David |
| StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER | << 1 ... 10 11 12 13 14 ... 40 >>Post Follow-up |