davesaint86
726 posts
msg #84692
- Ignore davesaint86 |
12/19/2009 10:07:08 AM
I ran a manual 4 -week backtest starting with the Nov 20th top 5 stocks from the 1% column through Friday, December 18.
So 4 weeks x 5 stocks = 20. 18 out of 20 hit the 1% gain. Now a question I have it looked like some of these stocks hit the 1% the first day by the skin of their teeth and did not go any higher during the week. If you set a buy to buy at the open you may get filled higher than the opening price so of the the 18 may or may not have hit the 1%.
Since December 2nd, I've placed 13 trades using a combination of TRO's RNR and RSI(2) statistics. I've had 10 winners, 2 losers, and one position is still open and is currently at a loss. My average loss/gain combination is 1.38%.
Average gain on winning stocks = 2.38%
Average loss on losing stocks = 1.60%.
The problem with my system is that I feel more comfortable watching my trades like a hawk. It would be nice to use TRO's crock pot to buy on the open and sell at a 1 or 2% gain per week since that is the whole purpose of this strategy. Would one use stop-losses using this strategy. What %? I like to limit my losses per trade to 2% or less but I do if there would be enough wiggle room setting a 2% stop loss..
The question I have now is anyone using this filter trading using the 1% or 2% column and what type of results are you making?
Thanks TRO for this great filter and your other filters?
Dave
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seanban
22 posts
msg #86410
- Ignore seanban |
1/16/2010 10:56:05 AM
Just wonder if any one is actively trading the TRO CROCK POT approach. Looking at this filter for the first time and while the stats. are impressive for the 1% and 2% gain, I feel that the results are reflecting the past and not reflective of the future. I wonder if it is possible to backtest this with a 1 year offset and then running this filter each week.
Thanks - Sean
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gabestogie
79 posts
msg #86412
- Ignore gabestogie |
1/16/2010 1:01:15 PM
seanban:
Kevin is active with the tro crock pot filter and doing real good with it. Find it under listing in the Forums of ---
(5% A week based on tro's crock pot)
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davesaint86
726 posts
msg #86420
- Ignore davesaint86
modified |
1/16/2010 6:27:59 PM
I'm using the 1 and 2% columns and have for the past month couple of months. See my post above for Dec. So far in the month of January I've purchase 9 stocks. 8 are closed out for an average gain of 1.54%. I have one open position that I bought last Monday and it's sitting at a 1.48% loss right now. I do not buy at the open on Monday unless the stock has tanked enough the week before. I usually use the ATR(90) and divide the ATR in half and then subtract this amount from the Friday closed price and then I wait for the stock to drift down to or around thd lower price then buy. Also try to stay away from stocks where the sector is doing shitty? Most retail for example.
Dave
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hodsonb
7 posts
msg #86450
- Ignore hodsonb |
1/17/2010 3:09:27 PM
HI
I'm NEW to StockFetcher - but I like it a lot.
I'm also NEW to trading - so very cautious with my hard-earned pennies :-)
I'm really interested in learning more about TRO's methods Milking the Cow, etc... Where can I find those strategies described?
Thanks!
Brian
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seanban
22 posts
msg #86453
- Ignore seanban |
1/17/2010 4:21:16 PM
hodsonb,
Go to Filter Exchange Forum and on the bottom of the base, do a search for TRO's filters - more that you can imagine!
Sean
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tmanbone
124 posts
msg #86466
- Ignore tmanbone |
1/17/2010 7:53:31 PM
You'll find the cow caller here: http://forums.stockfetcher.com/sfforums/?q=view&fid=1001&tid=67236&mid=86421 look in he last few pages. Study the buy zone and you'll be on your way. Keep the questions coming. HTH
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medowz
59 posts
msg #86591
- Ignore medowz |
1/19/2010 6:40:10 PM
Chetron,
In the table view of the "should I buy or should I short" filter that you enhanced for TRO. I confused how to interpret the columns 4_9, 10_19, etc... Are these combined long and short counts?
Thanks for all your help here on SF.
medowz
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chetron
2,817 posts
msg #86592
- Ignore chetron |
1/19/2010 7:09:41 PM
no, they are only short counts. i did not include long counts because of column limitations.
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bankwalker
30 posts
msg #86632
- Ignore bankwalker |
1/20/2010 8:13:00 AM
I ran both of the original long and short crockpot filters over the weekend. Yesterday was an up day, but both the long and short versions performed extremely well.
I just picked the top 20 from the 1% column on both filters. All but 1 hit the target on the long side. All but 3 hit the target on the short side.
The low price stocks appear to present a trading risk. A 1.00 stock needs to move only .01 to hit the target. A bad fill on an MOO order might wipe out the profit potential and have you exposed to an immediate drop after the open.
If both longs and shorts are played in balance, risk of overall market direction may be reduced.
Just my observations. I didn't actually take the trades, just checked the values after the fact.
Thanks to TRO and others for an interesting thread.
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