| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 ... 7 8 9 10 11 ... 14 >>Post Follow-up |
| mahkoh 1,065 posts msg #145856 - Ignore mahkoh |
1/4/2019 8:39:45 AM KSK8, I think you may learn to appreciate Stratasearch as a very powerful piece of software, but it all comes down to reliable data. returns about 2000 stocks, but for proper backtesting you also need data for stocks that were below 10 in the past. Stratasearch has an option to download historical data in csv format, obtaining data may cost something but could be worth it. But all in all, I think your system has merit. You may have to stomach a few 50+% drawdowns every once in a while, but it only took 3 years to become a millionaire with a starting capital of 50000. |
| nibor100 1,099 posts msg #145859 - Ignore nibor100 |
1/4/2019 11:34:55 AM @ksk8, To get a feel for why Stratasearch is not super popular read thru this SF thread under Filter Exchange: MY XIV TRADING SYSTEM USING STRATASEARCH FILTERS You'll notice that many have troubles with getting data into SS, and many don't read what I consider one of the better user manuals for stock sw there is. Plus there are occasional SS anomalies, several of us running same scans but getting different results Perhaps because its no longer supported, so hard to get questions answered. The price seems ideal being Free. Ed S. |
| KSK8 561 posts msg #145866 - Ignore KSK8 |
1/4/2019 4:09:41 PM So on that basis, isn't it an enticement to optimize this system to eliminate such brutal drawndown? If optimization isn't deemed necessary then here's two other things that can be done to improve the odds of winning 95% of the time; I didn't mention these because it only decreases the # of candidates. (which everyone seems to have a problem with for some reason) 1. Don't play it unless premarkets fails to hold the morning spike. This requires looking at the intraday chart. I did not include it in the criteria because I doubt there are any ways to mechanically backtest using premarket or afterhours data. 2. The high must be sitting right under heavy resistance. However there isn't a universal criteria of what "heavy resistance" is coherently defined as. And I am not an expert of how to implement S/R in stockfetcher code. This guy explains both these concepts here; https://www.youtube.com/watch?v=LSQAbJ6PGZU -- Thus, what stockfetcher criteria out there can be utilized as a heavy resistance component? I'd love for this to be 95% enabled for stockfetcher rather than having to employ other tools outside of stockfetcher to generate that statistic. |
| mahkoh 1,065 posts msg #145870 - Ignore mahkoh |
1/5/2019 8:42:23 AM What do you exactly mean with "premarket fails to hold the morning spike? |
| SAFeTRADE 651 posts msg #145872 - Ignore SAFeTRADE |
1/5/2019 9:36:10 AM My take on Support and Resistance filter. Edit to your LIKING. |
| SAFeTRADE 651 posts msg #145873 - Ignore SAFeTRADE |
1/5/2019 10:26:42 AM Added a few Bells no whistles yet. |
| KSK8 561 posts msg #145875 - Ignore KSK8 |
1/5/2019 11:44:22 AM mahkoh, Morning spike - larger upwards move in premarket establishing a higher high. Fails to hold - it cascades back down Why its important- When premarket fails to hold the morning spike that indicates selling pressure which may trigger panic selling enabling even more selling pressure. Too bad SF doesn't allow intraday & extended hours data though.. ---------------- SAFeTRADE, Thanks for posting that! Do you happen to know of any specific filters on this forum that utilize critical S/R levels or anything related to the concept of the volume profile? That'd be terrific if only SF could plot the sideways histogram of that specific indicator... |
| Mactheriverrat 3,173 posts msg #145876 - Ignore Mactheriverrat modified |
1/5/2019 11:59:41 AM One can go long or short a stock or what ever he or she may one to trade. See 100's of filters on here that bring 100's of stocks. Its the "TRIGGER" that one uses to make that long or short by.  |
| mahkoh 1,065 posts msg #145877 - Ignore mahkoh |
1/5/2019 1:01:07 PM KSK8, I wouldn't worry too much about increasing percent profitable. In the last year 19 times a stock gained more than 100 % from open to close. Glancing through the list only GBR looks like it could have qualified the day before as a candidate. I just wouldn't bet the farm on every trade. Edit: GBR did not qualify, probably because rsi(2) was too low as it closed way below the open. |
| KSK8 561 posts msg #145878 - Ignore KSK8 modified |
1/5/2019 2:15:42 PM mahkoh, That is impossible unless you are counting OTC's. Even without implementing the other rules that I've mentioned throughout this thread it still wouldn't ever produce a stock closing double its open price. I've been trading this system since May. I've had some pretty harsh days and some pretty brutal losses but I have never encountered a short squeeze that forced a margin call. I don't doubt its inevitable to happen but I've never had a down month trading this system. I don't even risk more than 75% of my capital. Regardless of that premise, I'd still like to incorporate a metric to decrease potential drawdown... |
| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 ... 7 8 9 10 11 ... 14 >>Post Follow-up |