| StockFetcher Forums · General Discussion · Do you know what I know? | << >>Post Follow-up |
| nikoschopen 2,824 posts msg #57637 - Ignore nikoschopen |
12/5/2007 5:32:52 PM Alright, this ain't no holy grail but a good daytrading system nonetheless for those who lack one to begin with. It's a simple system and yet a very effective one that will deliver concrete results should you be disciplined enough to follow it rigorously. I do not advise that you plunge right in risking ure hard earned cash. Follow it for a couple days to judge for ureself. 5-minute Chart of SPY  |
| cdance 17 posts msg #57638 - Ignore cdance |
12/5/2007 5:47:31 PM Do you trade when DEMA crosses the midpoint? Or only when it moves completely outside the channel? Thanks C |
| nikoschopen 2,824 posts msg #57640 - Ignore nikoschopen modified |
12/5/2007 6:14:13 PM Not very obvious, is it? What I mean by Keltner is the center Keltner line. Hence, you should enter long once the DEMA crosses above the center Keltner, and vice versa. Hope that helps :^) |
| nikoschopen 2,824 posts msg #57641 - Ignore nikoschopen |
12/5/2007 6:29:20 PM BTW, SMA(50) was included to help you detect trend reversal. The best time to enter a trade with this system is when the trend is about to reverse. Therefore, you'll want to see a flat or a flattening SMA(50). In addition, the Bollinger Band should help you determine if the stock has any momentum. Last thing you want to do with this filter is to enter a trade when the market is rangebound. That will effectively kill you outright. Check to make sure that the Bollinger Band is not overly narrow (eg "Bollinger squeeze") |
| cdance 17 posts msg #57660 - Ignore cdance |
12/5/2007 11:19:57 PM Thanks Niko Have you created this filter on SF? I don't see how to code for a DEMA on stockfetcher.... |
| nikoschopen 2,824 posts msg #57672 - Ignore nikoschopen |
12/6/2007 2:25:27 AM Alright, here's the filter. Note that this filter will screen stocks for both long and short entries. In the column labeled "xover", a value of 1 indicates a bullish crossover (ie. DEMA crossed ABOVE center Keltner) and a value of -1 indicates a bearish crossover (ie. DEMA crossed BELOW center Keltner). Other than that, you are free to change price and volume to ure liking. |
| ham1198 174 posts msg #57678 - Ignore ham1198 |
12/6/2007 8:24:07 AM why do i get message: Your StockFetcher filter exceeds filter performance restrictions. To run this filter, please upgrade to the StockFetcher Advanced subscription level. it doesn't appear your filter has a zillion lines. any help is appreciated |
| nikoschopen 2,824 posts msg #57695 - Ignore nikoschopen |
12/6/2007 11:05:12 AM I ain't too sure about this, but I think there is a limit of 5 set statements allowed for the basic subscription. You could still run it as two different filters. One as long and the other as short. Let me know how these work out for you. LONG DEMA SHORT DEMA |
| marine2 963 posts msg #57729 - Ignore marine2 |
12/7/2007 12:08:49 AM Nice filter. Add these two lines of code to it and you provide added incentives in seeing these selected stocks move upwards. There were many hits off the previous programming, these added lines just narrows it down, to obtain more success in the filter. and slow stochastic %d is below 50 and macd(4,8)fast line is crossing above macd(4,8)slow line at close |
| StockFetcher Forums · General Discussion · Do you know what I know? | << >>Post Follow-up |