marine2
963 posts
msg #35770
- Ignore marine2 |
4/27/2005 1:15:23 AM
TheRumpledOne, yes, your RSI(2) tool does work because with the new backtest now in place I capture 86% success between a period of first of the year to now. Not bad huh.
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judgetrade
107 posts
msg #35787
- Ignore judgetrade |
4/28/2005 4:29:34 PM
marine2,
that is impressive! Do you post your filter :-) (I get only 60%) within the last year.
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marine2
963 posts
msg #35797
- Ignore marine2 |
4/29/2005 1:04:50 AM
judgetrade, Utilizing SF's new backtest tool I had an 86% win rating and only 14% loss rating on one of my RSI(2) filters. We all use different criteria for our individual filter creations so what I use for that one must be one of the best ones out there. I would like to know if someone can beat that one?
Remember the key is to use a good exit command. That is what creates the more successful filters.
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TheRumpledOne
6,529 posts
msg #35961
- Ignore TheRumpledOne |
5/10/2005 6:33:19 PM
On 5/9/2005 at the close $36.03, QQQQ rsi(2) = 98.80.
Dropped like a rock at the open the next day, low was 35.62.
Who says there is no "crystal ball" ... LOL!
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TheRumpledOne
6,529 posts
msg #36039
- Ignore TheRumpledOne |
5/18/2005 6:37:03 PM
QQQQ showing a NEGATIVE DIVERGENCE.... THE DROP IS COMING!
Here's the FORMER RSI(2) < 1 NOW CLOSE STILL BELOW EMA(5) FILTER for NASDAQ stocks under $1:
Here's the FORMER RSI(2) < 1 NOW CLOSE STILL BELOW EMA(5) FILTER for NASDAQ stocks $1 and up:
Of course you can change the price and add your own volume requirements.
WAIT FOR GREEN THEN LOAD THE BOAT!
MAY ALL YOUR FILLS BE COMPLETE.
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balsara
1 posts
msg #36076
- Ignore balsara |
5/22/2005 1:54:36 PM
Can someone summerise the RSI(2) concept and refer us to the final version of the filter
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TheRumpledOne
6,529 posts
msg #36077
- Ignore TheRumpledOne |
5/22/2005 1:58:18 PM
There is NO FINAL VERSION.
There are many versions that work.
Which one YOU use it up to YOU.
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corsino
259 posts
msg #36078
- Ignore corsino |
5/22/2005 2:49:41 PM
I agree that the RSI(2)<1 criteria seems to be the best single indicator, but it, in itself, does not guarantee winning results. Backtest results depend a lot on the other parameters in the filter. There are filters using RSI(2)<1 that show losses in backtests. But that doesn't take away from its value.
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corsino
259 posts
msg #36079
- Ignore corsino |
5/22/2005 3:34:53 PM
Actual Results.
In the short time I've been trying out RSI (2)<1 filters, I've completed six trades. Four winners, two losers. The winners were ALSC, MZ, ARDI and GTW. The losers were PHMD and PRCS.
Actually, I'm using just a few hundred dollars, making the trades thru BUY AND HOLD to keep commission costs down. There are some definite disadvantages to BUY AND HOLD though. There's only three "windows" during the day in which you can make trades, and you can only buy certain stocks they deal in. So sometimes you can't buy/sell what or when you want.
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judgetrade
107 posts
msg #36146
- Ignore judgetrade |
5/30/2005 1:50:37 PM
I am pretty new to the comunity, but let me say:
There is no reason why somebody should stop posting about a great indicator, that catches a great principle (overreaction, panik selling!) that has worked and will work! Only if you belive in (by heart and brain) you system (or indicator) you can trade it!
It encourages me a lot and I say thank you!
I took me some weeks to find my filter based on the rsi indicator and backtest it with SF. But I know how long it usually takes to design a system!
Rump and others are laying out a potential living here(!) If you take it as a start and make a lot of homework! It saves you years of work!
So be nice!
Andreas alias Judgetrade.
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