December 08, 2005
Improvements in my software and new Trade-Ideas screens
Yesterday i was able to test more stocks than i ever did before.
Due to limitation of computer cpu and IB Api (Interactive Brokers) : maximum of 100 tickers to be loaded at the same time. I can't test an infinite number of stocks alerted in trade-ideas.
I made some improvement last week, to make the software faster and yesterday i was able to test more than
7 000 alerts. By test i means check for ask price when the stock is alerted then check for bid price several times (5min,15min,30min,60min,120min and 240min after the stock was alerted).
I am also now begin testing all alerts with different filters settings.
The old filters was :
- Stock Price > 10$
- Stock with spread < 20 cent
- Average $ Daily Volume > 10 000 000$
- Volatile Stock : Volatility > 0.4%
This was the screen number 1.
I am doing now 3 more trade-ideas screens and will add more in future, until the cpu of my computer give up :)
I can change in future filters of these new screens, if some of them don't show good results.
Here is the description of new screens, i will give detailed filters settings as soon as i get first week results.
- Test all alerts for stock who trade near a round price. ex: 20$.
- Test some appropriate alerts for stocks who have a valid consolidation for a long period.
- Test all alerts for stock who gapped up.
After getting some results, i can look at the performance of each alert type for each screen, and can conclude which alert work best with which filters.
And of course provide you these results.
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Improvements im my software @ Day-trading.in