Forums - Do filters really provide an edge?

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Posted by Shazbatz30 on 01-05-12 07:33 AM:

Do filters really provide an edge?

I personally use filters to select stocks to the point where I get no more than 20 setups/signals per month. Do smart traders really trade less?

Posted by hkrahra on 01-05-12 07:34 AM:

water filters?

Posted by Shazbatz30 on 01-05-12 07:39 AM:

Quote from hkrahra:

water filters?

I'm assuming this is a joke

Posted by hkrahra on 01-05-12 07:43 AM:

what 'filters' have to do with trading frequency?

Posted by Shazbatz30 on 01-05-12 07:46 AM:

Quote from hkrahra:

what 'filters' have to do with trading frequency?

Because you only end up with so many candidates when they're applied (at least in my case), and therefore end up trading less frequently. I don't trade anything but the US equity market

Posted by hkrahra on 01-05-12 07:52 AM:

Quote from Shazbatz30:

Because you only end up with so many candidates when they're applied (at least in my case). I don't trade anything but the US equity market

but you only trade one candidate at a time or all together?i dont get it..do you trade only once or twice a month.if you only trade one candidate at a time,then what filters have to do with the frequency?
I thought the frequency was dependant on a fractal(timeframe).

Posted by Shazbatz30 on 01-05-12 07:58 AM:

I generally make less than 20 short-term trades per month. Once you start talking about fractals I get lost. Keep it simple please.

Posted by oilfxpro on 01-05-12 09:51 AM:

Re: Do filters really provide an edge?

Quote from Shazbatz30:

I personally use filters to select stocks to the point where I get no more than 20 setups/signals per month. Do smart traders really trade less?

YES

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