wallman
299 posts
msg #26245
- Ignore wallman |
4/15/2003 9:16:10 PM
a follow-up on the above bollinger band method,was wondering if anyone out there has tried this out papertrading or realtime and if you have,have you had any success and/or have you run into any problems?,just ran a backtest of the last 30 trading days and results of the filter as it stands without adjusting volume or entering as described above was 75.4% wins,last 10 days 71%,amazingly there were only 3 days out of 30 where there were more losing stocks then gainers
|
janeiro
25 posts
msg #26247
- Ignore janeiro |
4/16/2003 8:34:43 AM
Wallman...only one comment.....Thanks
David
|
janeiro
25 posts
msg #26255
- Ignore janeiro |
4/17/2003 6:29:33 AM
Hello Wallman,
I'm still in the papertrading mode but I'd definitely Happy to hear from you about any new things that you discover about your Bollinger filter...
if you want to get in touch with me...to218775@REMOVEMEhotmail.com
Many thanks
David
|
defghca
150 posts
msg #26256
- Ignore defghca |
4/17/2003 8:17:44 AM
this is the filter exchange, we are all interested Wallman !!
|
shelshel
11 posts
msg #26258
- Ignore shelshel |
4/17/2003 8:11:52 PM
Your filter is excellent!!! Since I'm not able to watch or trade during the times you recommend I had to adjust the criteria so I could place my trades before the market opens. The results are amazing also. Instead of price limits between 1 and 10 as you've suggested I've set the price limits between 5 and 10 with Average Volume(90) Above 100000 and buy the stock with the highest volume on the screen. Over the past 30 days this screen has had a 90% success record.
|
wallman
299 posts
msg #26260
- Ignore wallman |
4/17/2003 9:50:51 PM
HI SHELSHEL, i've been using this method for about 18 months now and continue to be amazed by it,your adjusting to fit your schedule is excellent,can't argue with 90%,i believe you are correct in buying the higher volume ones first as i've found them to be the higher % gainers,i know that not being able to watch the first hour of trading can be a problem as you want to try to get these as they are showing green 15 to 20 mins after the open but you seem to have worked it out and yes 5-10 dollar stocks are your best bet if you are buying before the open,keep up the good work!
|
janeiro
25 posts
msg #26262
- Ignore janeiro |
4/18/2003 5:43:24 AM
Wallman,
I wanna hereby show my gratitude to you for the great filter you decided to share with the users of this service and I hope that this example will prove to everybodies that working all togheter is the best way to go.
Thx again Wallman
David
|
sbeckers
23 posts
msg #26264
- Ignore sbeckers |
4/18/2003 2:32:49 PM
this seems to be a good idea, here are some suggestions to increase success.
Add a range function : today's day range reached a four day low
(this tells us that momentum is decreasing in the movement, also that the stock is primed for an volatility expansion)
Be aware of the overall trend, use a directional index (DI+,DI-) or a moving average (200 day MA).
|
janeiro
25 posts
msg #26267
- Ignore janeiro |
4/19/2003 7:42:52 AM
Hi Sbeckers,
today's day range reached a four day low ..it does not seems to improve the results...how did u go exactly?
Ciao David
|
wallman
299 posts
msg #26271
- Ignore wallman |
4/19/2003 12:18:54 PM
what i've found in the past is when indicators are added to this filter it will throw out MANY high % gainers,obviously these stocks trends are down or they wouldn't be down at least 3 days in a row AND at the bottom bb,if you are talking about overall market trend that hasn't mattered over the 18+ months iv'e been trading it either,if you are looking for a cross of a moving average or DI+ DI- cross by the time these stocks hit it you will have given up at least 10% gain most times much more,the idea is too keep it simple and i believe your efforts would be better served by trying to sort these stocks by learning to seperate the large gainers by looking at their charts for the volume increase and the bottom shadow on the last candle(which shows that altough the price decreased there was enough buying pressure to push the stock well beyond it's low)and the volume increase can be significant in the fact that many mutual funds and institutions have auto buy orders in when a stock they are interested in hits the price area of the bottom bb,that's why many of these stocks continue to run for a couple of weeks cause they don't buy all at once,they spread their large block trades out over that couple of weeks. I assume the above mentioned day range is for individual stocks and together with this filter it will greatly reduce the stocks you have to chart but i believe it will also reduce your high % gains, also if you can you want to practice as much as possible your entry pionts at the open,just write down the prices at which you would have entered if it would have been a real trade and soon you should get a real good feel for it!GOOD LUCK,RESPECTIVLY,MUDDY
|