5% A WEEK FILTER (BASED ON TRO'S CROCK POT) - StockFetcher.com Stock Screener

StockFetcher Forums · Filter Exchange · 5% A WEEK FILTER (BASED ON TRO'S CROCK POT)

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selfhigh05 23 posts msg #134711 - Ignore selfhigh05	3/2/2017 6:44:51 PM I made some tweaks to further narrow down the choices to remove stocks that dont have momentum in days prior to open on Monday. I think the results are great, take a look. Sort by performance and not reward. Fetcher[ /MEASURE THE DIFFERENCE FROM WEEKLY OPEN TO WEEKLY HIGH/ set{whiop, weekly high - weekly open} set{Long_Profit, whiop / weekly open } /DETERMINE THE FREQUENCY THAT 5% IS ACHIEVED OVER MULTIPLE TIME FRAMES/ set{5_1wk, count(Long_Profit > .05,1)} set{5_4wk, count(Long_Profit > .05,4)} set{5_8wk, count(Long_Profit > .05,8)} /APPLY WEIGHTING FACTORS/ set{var1,5_4wk0.5} /WEIGHT 4 WK AVERAGE AT 2X/ set{var2,5_8wk0.125} /WEIGHT 8 WK AVERAGE AT 1X/ /CREATE A WEIGHTED SUMMATION OF STOCK PERFORMANCE (MAX SCORE = 3)/ set{reward,var1+var2} /DETERMINE THE RISK OF TRIPPING A 10% STOP LOSS/ set{wloss, weekly open - weekly low} set{max_loss, wloss / weekly open} /DETERMINE THE FREQUENCY THAT A 10% STOP LOSS IS TRIPPED OVER MULTIPLE TIME FRAMES/ set{loss_1wk, count(max_loss > .10,1)} set{loss_4wk, count(max_loss > .10,4)} set{loss_8wk, count(max_loss > .10,8)} /APPLY WEIGHTING FACTORS/ set{var11,loss_4wk0.5} /WEIGHT 4 WK AVERAGE AT 2X/ set{var21,loss_8wk0.125} /WEIGHT 8 WK AVERAGE AT 1X/ /CREATE A WEIGHTED SUMMATION OF RISK (MAX SCORE = 3)/ set{risk,var11+var21} set{performance,reward/risk} add column performance add column reward {reward} add column risk {risk} add column 5_4wk {4 wk reward} add column loss_4wk {4 wk risk} add column 5_8wk {8 wk reward} add column loss_8wk {8 wk risk} /SCREEN FOR THE STRONGEST CANDIDATES/ weekly open is above 1 average volume(90) above 500000 and reward is greater than 2.0 and draw 5_1wk and draw loss_1wk on plot 5_1wk and do not draw reward sort column 4 descending chart-display is weekly and market is not OTCBB and Connors RSI(3,2,100) has been increasing past 1 days and CCI(20) has been increasing past 1 days and Fisher Transform(10) has been increasing past 1 days and volume is above 100000 and close is above EMA(6) and close one days ago is above EMA(6) 1 days ago and close two days ago is above EMA(6) 2 days ago and close three days ago is above EMA(6) 3 days ago ]
pthomas215 1,251 posts msg #134712 - Ignore pthomas215	3/2/2017 7:02:16 PM Do you recommend buying on Friday or Monday at the open with this filter?
selfhigh05 23 posts msg #134713 - Ignore selfhigh05	3/2/2017 7:19:52 PM The rules are to run scan over weekend and buy Monday at open. I am going to paper trade this for a few weeks. I want to see if I can further weed out the bad ones based on Premarket activity and maybe waiting 7-10 minutes after open to see which direction its going. These things are going to be tested to see if I can find better trading.
jacob1hudson 2 posts msg #134721 - Ignore jacob1hudson	3/3/2017 5:31:09 PM Kevin, So on Monday we would buy DELT and/or BLPH (since the risk and reward score are the same) and then sell when it reached 5% of 1.43 DELT and/or 1.40 (BLPH)?
pthomas215 1,251 posts msg #134722 - Ignore pthomas215	3/3/2017 7:05:25 PM selfhigh, i think you hit the nail on the head. If you back test it a bit, it appears that if it is not an ETF and comes out of the gate on Monday with pretty good traction, you have a nice 5 day swing trade. I will be watching EYEG, ESPR and AAOI Monday at the open.
T_Charp13 35 posts msg #134732 - Ignore T_Charp13	3/4/2017 4:58:02 PM Hey, pthomas215, I like your from 01/31/2017. Been looking at it for a few weeks and had some solid returns on a few choices. The stocks that have dropped have done so pretty slowly so it's easy to cut a position with a 5% loss. I still need to nail down exactly how to pick the proper stocks but no system will ever give you 100% so I guess that no matter how high you try you'll always get a few losers here and there. Let us know how this new one compares to yours
pthomas215 1,251 posts msg #134734 - Ignore pthomas215	3/4/2017 5:18:30 PM T_Charp, Im glad it is useful to you and hope you are making some $. I think Kevin created it initially and I just tweaked it a bit. On that one, I try to enter when the price just rises above the d1 line...exit when you are not content with price movement in relation to the EMA(13) and MA(20). That is what I do anyways. I will have to test this new one this week.
T_Charp13 35 posts msg #134737 - Ignore T_Charp13	3/4/2017 8:52:32 PM Yeah, you two are pretty great.
T_Charp13 35 posts msg #134738 - Ignore T_Charp13	3/4/2017 9:07:29 PM Oh, why is AAOI's performance 0? Seems like it's not "reward - risk" which I thought was the norm
pthomas215 1,251 posts msg #134739 - Ignore pthomas215	3/4/2017 9:51:12 PM well, once they come up in the filter I rely more on what they look like on paper. AAOI looks overbought to me (price outside the upper BB recently), and I would expect to see some profit taking this week. I might be wrong, but i would look deeper into charting tools, Out of the 3, I would probably argue that EYEG and ESPR look better for the week, but lets see what happens on Monday at the open.

StockFetcher Forums · Filter Exchange · 5% A WEEK FILTER (BASED ON TRO'S CROCK POT)

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