mahkoh
1,065 posts
msg #101596
- Ignore mahkoh
modified |
7/12/2011 3:21:18 PM
Getting the monthly pivot lines is a bit of a hassle, you can check how I do this in another thread, search for "draw pivot lines".
I fiddled with my colour settings so that my weekly and monthly pivot lines are black, weekly support and resistance lines red and monthly lines blue. Note that I also swapped the S&P requirement for price and volume, that returns more candidates as well. I got an exit signal today for CEF at a 7.33 % gain from 6/28.
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Kevin_in_GA
4,599 posts
msg #101597
- Ignore Kevin_in_GA |
7/12/2011 3:36:16 PM
Just a caveat - you are picking stocks outside of the S&P 500 with the first two lines of your filter. All of the system design, optimization and backtesting were done on S&P stocks. This will give you more stocks to choose from, but no promises on any performance.
Kevin
Have you backtested this filter over the last six months or so and compared it to the original?
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Kevin_in_GA
4,599 posts
msg #101602
- Ignore Kevin_in_GA |
7/12/2011 7:56:39 PM
NOTE: BUY signal for GME today.
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jkinghome
7 posts
msg #101604
- Ignore jkinghome |
7/12/2011 8:22:32 PM
Kevin,
Are you still buying and selling positions at market open based upon the EOD signals?
Thx
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Kevin_in_GA
4,599 posts
msg #101605
- Ignore Kevin_in_GA |
7/12/2011 9:21:58 PM
That was how the system was optimized and backtested.
Truth is if the futures are really red, it probably makes sense to wait and try to get in at a lower price using a limit order.
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mahkoh
1,065 posts
msg #101609
- Ignore mahkoh |
7/13/2011 2:17:12 PM
Buy signal for GME again today, but today it has monthly S2 support at 24.34
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mahkoh
1,065 posts
msg #101611
- Ignore mahkoh
modified |
7/13/2011 2:47:08 PM
Just a caveat - you are picking stocks outside of the S&P 500 with the first two lines of your filter. All of the system design, optimization and backtesting were done on S&P stocks. This will give you more stocks to choose from, but no promises on any performance.
Kevin
Have you backtested this filter over the last six months or so and compared it to the original?
You have a point here, but I do believe that stocks which trade at a sufficient daily volume and above the price threshold will tend to move along with the S&P although they are not in that index.
Backtesting is not a thing that I'm good at and I really wouldn't know how to implement variables like pivot points into that.
I tried your Connors Combined filter that popped to the top the other day and this picked GME as well (now at 15:00hrs). Also showed VMED yesterday with double pivot and 200 SMA support.
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duke56468
683 posts
msg #101613
- Ignore duke56468 |
7/13/2011 3:41:05 PM
In WLP on 7/11/11 @75.51 (intraday use of filter) out today @76.74 (exit filter) PAPER TRADE
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duncanhoo
14 posts
msg #101628
- Ignore duncanhoo |
7/14/2011 8:23:43 AM
you get intraday signals on stockfetcher duke?
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Kevin_in_GA
4,599 posts
msg #101629
- Ignore Kevin_in_GA |
7/14/2011 8:57:07 AM
SF provides intraday data, with a 20+ minute delay depending on which exchange is being used.
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