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.
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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.
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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.
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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 ?
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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
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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.
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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 ?
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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
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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?
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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.
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