| StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER | << 1 ... 9 10 11 12 13 ... 22 >>Post Follow-up |
| duke56468 683 posts msg #95015 - Ignore duke56468 |
7/23/2010 9:26:59 AM Thanks saratur I have heard good things about IB and will give them a try. |
| cwn6161 40 posts msg #95019 - Ignore cwn6161 |
7/23/2010 10:46:59 AM I do believe Tradestation will let you perform bracketed orders as well. Fidelity just isn't "sophisticated" enough of a trading platform to perform those functions unfortunately. |
| Kevin_in_GA 4,599 posts msg #95043 - Ignore Kevin_in_GA |
7/23/2010 6:38:55 PM 7/23 Update: Long Plays: CPE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2). Limit order entry at 5.39, stop loss at 5.26, target exit at 5.75 for a potential profit of 6.68%. ORDER FILLED AT 5.39. PROFIT TARGET HIT at 5.75, for a gain of 6.68% GSIC - Scored 3/6 on Connors filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY. Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%. ORDER FILLED AT 25.38. Closed trade today at 26.30, for a gain of 3.62% LGF - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2). Limit order entry at 5.98, stop loss at 5.86, target exit at 6.28 for a potential profit of 5.02%. ORDER FILLED AT 5.98. PROFIT TARGET HIT at 6.28, for a gain of 5.02% HRC - Scored 4/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 28.94, stop loss at 28.59, target exit at 29.75 for a potential profit of 2.80%. ORDER FILLED AT 28.94. PROFIT TARGET HIT at 29.75, for a gain of 2.80% Short Plays: MON - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99. Limit order entry at 57.20, stop loss at 58.19, target exit at 55.37 for a potential profit of 3.20%. ORDER FILLED AT 57.20. STOPPED OUT at 58.19, for a loss of 1.70% SPN - Scored 6/6 on the Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 22.25, stop loss at 22.67, target exit at 21.42 for a potential profit of 3.73%. ORDER FILLED AT 22.25. STOPPED OUT at 22.67, for a loss of 1.85% ONNN - Scored 4/6 on Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.27, stop loss at 7.48, target exit at 6.87 for a potential profit of 5.50%. ORDER FILLED AT 7.27. Closed today at 7.29, for a loss of 0.28% APOL - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 46.95, stop loss at 48.32, target exit at 44.30 for a potential profit of 5.64%. ORDER FILLED AT 46.95. STOPPED OUT at 48.32, for a loss of 2.63% CYPB - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 3.72, stop loss at 3.87, target exit at 3.38 for a potential profit of 9.14%. ORDER FILLED AT 3.72. Closed today at 3.50, for a gain of 5.91% Net loss of 0.22% today. Net gain for the week of 1.88% ($676.51 on a total of $36,000 invested, with $4,000 in cash all week). For those who have been following this, the overall performance so far for each of the past four weeks has been: 6/28 - 7/2: +6.01% ($2402.35 on an initial $40,000 in 11 trades) 7/6 - 7/9: +4.58% ($1842.88 on an initial $40,000 in 8 trades) 7/12 - 7/16: +1.76% ($706.15 on an initial $40,000 in 16 trades) 7/19 - 7/23: +1.88% ($676.51 on an initial $36,000 in 9 trades) Net gain of $5,627.89 or 14.1% ( since 6/28 - no compounding). After taking commissions into account @$8.95 per side, one still netted $4840.29 or 12.1%. |
| miketranz 978 posts msg #95044 - Ignore miketranz |
7/23/2010 7:19:36 PM Fidelity Active Trader Pro has "bracket orders"...... |
| duke56468 683 posts msg #95045 - Ignore duke56468 modified |
7/23/2010 9:39:38 PM miketranz msg #95044 - Ignore miketranz 7/23/2010 7:19:36 PM Fidelity Active Trader Pro has "bracket orders"...... ++++++ Mike I have Active Trader Pro and called tech support and was told this couldn't be done. There conditional trades do not allow OTO orders to Sell Short. They allow Buy to Cover but not Sell Short. Where can I find the bracket order? With the kind of trades Kevin is doing here it would be nice to set the complete trade pre-market and not worry about it the rest of the day. |
| Kevin_in_GA 4,599 posts msg #95088 - Ignore Kevin_in_GA |
7/25/2010 9:58:39 PM PLANNED TRADES FOR THE WEEK OF 7/26 - 7/30: Long Plays: HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 46.66 (requires a 1.17% pullback) Stop loss at 46.10 (risk of 1.19%) Target exit at 48.52 for a potential profit of 4.00%. Reward-to-Risk ratio: 3.37 AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one) Stop loss at 54.82 (risk of 5.39%) Target exit at 64.00 for a potential profit of 10.44%. Reward-to-Risk ratio: 1.94 (I might get into this one if the pullback is hits 3% or so, and put in a 2% stop and 5% profit target - I'll leave it up to my discretion right now.) RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up. Limit order entry at 28.31 (requires a 1.46% pullback) Stop loss at 27.89 (risk of 1.48%) Target exit at 29.37 for a potential profit of 3.74%. Reward-to-Risk ratio: 2.52 SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 19.75 (requires a 0.92% pullback) Stop loss at 19.56 (risk of 0.93%) Target exit at 20.22 for a potential profit of 2.41%. Reward-to-Risk ratio: 2.60 Short Plays: RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 60.51 (requires a 1.62% move higher) Stop loss at 61.47 (risk of 1.60%) Target exit at 58.04 for a potential profit of 4.08%. Reward-to-Risk ratio: 2.56 VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE! Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill) Stop loss at 17.66 (risk of 2.67%) Target exit at 16.03 for a potential profit of 6.80%. Reward-to-Risk ratio: 2.54 TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.00 (requires a 2.07% move higher) Stop loss at 7.13 (risk of 1.76%) Target exit at 6.64 for a potential profit of 5.14%. Reward-to-Risk ratio: 2.92 |
| duke56468 683 posts msg #95104 - Ignore duke56468 |
7/26/2010 1:24:40 PM Hi Kevin, Thanks again for sharing your work. Just checking on the long plays if I'm reading this correctly 3 of the 4 used the r2 instead of the r1 for an exit. Is this a change in strategy? |
| Kevin_in_GA 4,599 posts msg #95106 - Ignore Kevin_in_GA |
7/26/2010 1:38:00 PM You have eyes like an eagle - yes, I moved the profit stops up because the overall profit on these trades would have been unusally low (like under 2%). No reason to limit the upside like that. Overall stops seem a little tight this week. Not sure if I will catch many of these trades either as limit orders. Since adding in the profit and stop loss orders two weeks ago, the overall yield has gone down from 4-6% to ~2%. Been geting stopped out frequently and also not getting into good trades because they are not pulling back enough to trigger the limit entry order. Of course, RDY has already been stopped out ... got into ELY at 7.00 for the short play, but it really hasn't moved much from there (currently at 6.96). Just to be thorough, I'll also track these without the limits and stops - just as in the first few weeks of this system, you buy at the markey open price and see where it goes. |
| wkloss 231 posts msg #95116 - Ignore wkloss |
7/26/2010 11:49:36 PM Kevin, Possibly a dumb question but "PLANNED TRADES FOR THE WEEK OF 7/26 - 7/30" How do you know they are for the week? Typically how long are these trades lasting? I though they were mostly 1-2 day trades. The earlier ones seemed to close quickly, possibly volatility caused stops to be hit quickly? Bill |
| Kevin_in_GA 4,599 posts msg #95117 - Ignore Kevin_in_GA modified |
7/27/2010 12:21:43 AM At this point in time, these are the trades I planned to make. Will likely need to add others as the week progresses. UPDATE FOR 7/26: Long Plays: HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 46.66 (requires a 1.17% pullback) Stop loss at 46.10 (risk of 1.19%) Target exit at 48.52 for a potential profit of 4.00%. Reward-to-Risk ratio: 3.37 ORDER NOT FILLED AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one) Stop loss at 54.82 (risk of 5.39%) Target exit at 64.00 for a potential profit of 10.44%. Reward-to-Risk ratio: 1.94 ORDER NOT FILLED RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up. Limit order entry at 28.31 (requires a 1.46% pullback) Stop loss at 27.89 (risk of 1.48%) Target exit at 29.37 for a potential profit of 3.74%. Reward-to-Risk ratio: 2.52 ORDER FILLED AT 28.31. STOPPED OUT AT 27.89 FOR A LOSS OF 1.48% SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 19.75 (requires a 0.92% pullback) Stop loss at 19.56 (risk of 0.93%) Target exit at 20.22 for a potential profit of 2.41%. Reward-to-Risk ratio: 2.60 ORDER NOT FILLED - CAME WITHIN $0.03 OF FILL YESTERDAY Short Plays: RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 60.51 (requires a 1.62% move higher) Stop loss at 61.47 (risk of 1.60%) Target exit at 58.04 for a potential profit of 4.08%. Reward-to-Risk ratio: 2.56 ORDER NOT FILLED VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE! Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill) Stop loss at 17.66 (risk of 2.67%) Target exit at 16.03 for a potential profit of 6.80%. Reward-to-Risk ratio: 2.54 ORDER NOT FILLED TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ORDER NOT FILLED ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.00 (requires a 2.07% move higher) Stop loss at 7.13 (risk of 1.76%) Target exit at 6.64 for a potential profit of 5.14%. Reward-to-Risk ratio: 2.92 ORDER FILLED AT 7.00. CLOSED AT 6.99 FOR A GAIN OF 0.14% I'll keep these limit orders on place for today - clearly entry and exit criteria are as important as finding good stocks through the filters I am using. No good if they trade properly and I am not in because I am waiting for a pullback that never materializes. |
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