jimhsu
14 posts
msg #29277
- Ignore jimhsu |
10/10/2003 7:08:51 PM
Fetcher[RSI(5) < 10 and RSI(2) < 3
and date offset is 10
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05]
I believe that it is profitable enough to take a look at. ANy comments on how to tweak this?
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jimhsu
14 posts
msg #29278
- Ignore jimhsu |
10/10/2003 7:09:25 PM
Whoops left date offset in there
RSI(5) < 10 and RSI(2) < 3
and price dropped less than 8 percent
and price is greater than 0.7
and volume is greater than 10000
and 60-day slope of close is above 0.05
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xplorer
257 posts
msg #29279
- Ignore xplorer |
10/10/2003 9:52:34 PM
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jimhsu
14 posts
msg #29280
- Ignore jimhsu |
10/11/2003 12:54:45 AM
Check all the date offsets within 7 days. Im getting very decent results. :)
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jimhsu
14 posts
msg #29281
- Ignore jimhsu |
10/11/2003 1:05:05 AM
Observations:
-This works for time spans of less than 7 days (usually).
-Use very agressive stop loss techniques. The best trades usually come when the next open of the bar after the trigger is equal to the previous close or slightly lower. Trades usually go strongly up, goes into a very tight consolidation, or (in a few cases) strongly down.
-If a doji is captured, the odds of a successful trade is increased (quite significantly).
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