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I'm following your thread for some time, quite interesting. Thanks for the prorealtime screener code.
Another suggestion, since TAZ has it the stockcharts scanner to filter by trend strength, just add:
and ADX[10] > 20.0
at the end of your cshort and clong lines.
He uses SMA(200) as additional filter - I can see you are not applying this rule? (i.e. you have a short setup on SO, but price was still above sma(200)).
Can you help answer these questions from other members on NexusFi?
I'm not strictly following TAZ rules, though. I like to get lots of candidates from my screeners, and any additional criteria would only narrow the field of potential setups. Adding ADX as a trend strength filter is a great way to screen through >500 or 1000 stocks, but I'm only screening about 300.
I don't really feel comfortable with my stock swingtrades. The last three trades were suckers, and I don't see many good setups, which makes me wonder if I'm too chicken to take the trades or whether my strategy isn't suited for the current market situation.
DAX
Third down day. I‘m still long the TecDAX with two positions, so I‘m not going to put on a long order here.
TecDAX
Second down day. SL(bd) 798.
Dow Jones
Third down day; long entry possible.
S&P 500
Third down day. I do have one long position in the Nasdaq 100, so I guess opening up another trade in the S&P would be okay, but the weekly RSI-7 is at 76, and the other indices are overbought as well. Therefore, no trade.