New Filter
We introduce a new filter trying to avoid some loser trades and improving the performance, based on the 15 min bar. The first 15 min bar is essential, you must take a look of the first 15 min bar at the open market and determine the high price.
Once you have the high of the first bar, you place an order to buy the stock 0.01 cts above the high. If the order is filled you continue with the system, you will close the position at close (day trade) or the next day at close (swing trade), it is simple.
| YEAR 2005 * |
| |
DayTradeProfits.com |
W/ new filter |
| |
Day Trade |
Swing Trade |
Day Trade |
Swing Trade |
| Trades |
212 |
212 |
135 |
135 |
| Winners |
109 |
119 |
72 |
79 |
| Losers |
103 |
92 |
63 |
56 |
| % Winners |
51.41% |
56.13% |
53.33% |
58.51% |
| % Cumul. |
80.70% |
122.59% |
102.34% |
130.60% |
| Profit Factor |
1.36 |
1.50 |
2.65 |
2.27 |
|
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* Until October 31, 2005
| YEAR 2004 |
| |
DayTradeProfits.com |
W/ new filter |
| |
Day Trade |
Swing Trade |
Day Trade |
Swing Trade |
| Trades |
285 |
285 |
183 |
183 |
| Winners |
153 |
167 |
126 |
128 |
| Losers |
132 |
118 |
58 |
56 |
| % Winners |
53.68% |
58.60% |
68.85% |
69.94% |
| % Cumul. |
238.10% |
421.28% |
269.77% |
390.36% |
| Profit Factor |
1.69 |
2.25 |
3.73 |
4.24 |
|
|
|
|
|
| YEAR 2003 |
| |
DayTradeProfits.com |
W/ new Filter |
| |
Day Trade |
Swing Trade |
Day Trade |
Swing Trade |
| Trades |
230 |
230 |
155 |
155 |
| Winners |
145 |
152 |
108 |
128 |
| Losers |
85 |
78 |
47 |
56 |
| % Winners |
63.04% |
66.08% |
69.67% |
82.58% |
| % Cumul. |
344.00% |
373.42% |
215.90% |
222.15% |
| Profit Factor |
2.91 |
2.82 |
3.73 |
3.13 |
|
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|
|
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Some examples:
AGI 08/10/04 the 15 min bar high was 11.69, you parked a limit order to buy in 11.70 (0.01 cts above the 15 min high) and the order was filled at 11.70 with a profit in day trade of 17.01% and swing trade of 17.26%.

DITC 11/19/04 the 15 min bar high was 17.55, you parked a limit order to buy in 17.56 (0.01 cts above the 15 min high), the order was never filled because the stock never reached this price. As a result, the filter allows you to eliminate this trade. 

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