| StockFetcher Forums · Filter Exchange · Another approach to RSI(2) | << 1 2 3 >>Post Follow-up |
| saico 59 posts msg #105897 - Ignore saico |
4/12/2012 3:16:01 PM My plan so far is to set LMT orders intraday for rsi>=75, if the stock closes eod between a rsi of 70 and 75 I would close the position at the open of the next trading day. |
| Eman93 4,750 posts msg #105900 - Ignore Eman93 modified |
4/12/2012 8:57:48 PM Kevin_in_GA 2,310 posts msg #105799 - Ignore Kevin_in_GA 4/3/2012 8:54:12 PM Plan B produces 4 selections : CDNS +0.42% TEX +2.58% AKRX +1.20% HPY +3.33% Total +7.53% +++++++ Uh, not quite ... you'd want the AVERAGE of those four trades (+1.88%) rather than the sum. ==================================== no you add up your gain. thats what you made. the average would be that of the 4 trades. |
| jldelta 16 posts msg #105903 - Ignore jldelta |
4/13/2012 3:51:31 AM Bill - sorry for the delay, I hadn't been here for a few days & I only just discovered how to turn on email alerts. There's a great deal of information on Ric's site and several ways to use it. I am taking the TSM Weekly pics - generated for Monday morning pre-open - to run this screen as I have described above. I have been corresponding with Ric about this and as of this week he is recording his results on the subscriber pages. Btw, I posted the link to his RSI(2) approach above. Now, if I could work out how to post an image here, I'd do so... However, I am not trading his regular TSM Daily selections, nor his Naked Puts (although I really like this approach), at least not yet. |
| jldelta 16 posts msg #105904 - Ignore jldelta |
4/13/2012 4:00:59 AM I would now like to backtest an exit range of "Exit on next day Open when RSI(2) >x on today's Close", testing from 65 to 90 in steps of 5. My question is how exactly do I add the following as exit code (using 70 in this example) RSI(2) crossed above 70 into the code, please ? |
| jldelta 16 posts msg #105929 - Ignore jldelta |
4/16/2012 3:37:34 AM So here are the last week's results using RSI(2) <5 for 2 days, exit @ RSI(2) >70. Ric suggests taking off half positon @ +$1 
Uploaded with ImageShack.us |
| Eman93 4,750 posts msg #105938 - Ignore Eman93 |
4/18/2012 1:04:05 AM what system are you using for the results? I like the layout. |
| jldelta 16 posts msg #105941 - Ignore jldelta |
4/18/2012 8:49:07 AM It's just a screenshot of an Excel list... I'm not quite sure what your question is ? |
| saico 59 posts msg #106072 - Ignore saico |
5/1/2012 9:09:42 AM Thats a nice tool to calculated exits based on desired rsi levels. http://www.ripetrade.com/2011/08/rsi-calculator.html |
| swingman 1 posts msg #106091 - Ignore swingman |
5/3/2012 12:54:57 PM This trading approach sounds similar to PowerRatings by Tradingmarkets.com (Larry Connors), has any one tried PowerRatings, or has any one written a filter that simulates PowerRatings? |
| jldelta 16 posts msg #106152 - Ignore jldelta modified |
5/9/2012 3:11:05 AM Good morning - would someone please confirm my syntax is correct ? I want to add a further filter for when there are several open trades and quite a few new selections : I want RSI(2) <5 for three instead of two days. Is this it (it reduces today's picks from 15 to 10*) : * TSM RSI(2) picks have an additonal requirement that they must have pulled back to obvious Support, so only 7 picks for today, about half of which meet the RSI(2)<5 for 3 datys criteria. However, making selections via SF code is 100% mechancial. |
| StockFetcher Forums · Filter Exchange · Another approach to RSI(2) | << 1 2 3 >>Post Follow-up |