A conservative strategy is to scale into positions. 10% on first
day above 90, then 20, 30 and 40 on subsequent days if the RSI is
still going up giving 100% on day 4
andy - I'll ask my programmer to program those parameters into
the RSI 2 strategy so that we can see.
I'm just a stickler for systems and statistics, and I would like
to see what affect your idea would have on the system before saying
that it's beneficial or not.
I've looked at a lot of scale in systems before and while the
winning % is higher for the scale in, the total net profit is lower
on these type of revision to the mean systems because of the times
when the system would have bought at the lows, you don't end up
having a full position. Unless you are scaling into the trade
for the next 4 days even if it is at higher prices.
send me the EXACT parameters to my email, because when I have it
programmed, I need to know the exact parameters. for example,
do the scale ins only occur at better prices or do you simply enter
the next 4 days no matter what? I need to know the exact
parameters because that's very important, thanks
Pushed for time here as I live in central Asia with an approx 10
hour time difference to the US. I get home from work at approx 6 PM
local time and markets open at 6:30. PM closing at 1AM and I'm up
for work at 6AM next day.
As the Irish say in one of their songs " It's a hard ould
station"
Free e-book is called "How to successfully trade ETF's" By Larry
Connors and Cesar Alvarez. It deals specifically with the scaling
in RSI 2 model
I down loaded it to my kimble from Amazon for 99c I think. Don't
think I can get it off my Kimble
All data is there for about 25 ETF's for long and short side
trades for quite a few years. From memory the best one was ITF with
a 94% success rate
Unfortunately from a pessimistic view it has not been much use
for a while as everything has been overbought forever and nothing
is below it's 200MA in my trading area. ( options so I need
liquidity)
NB
Search in stockcharts and there is a code to paste in for the
advanced scan for O/B and O/S. although other scans will find OB/OS
easily also
Hope this helps. had a coupla beers after work over here and
hard to keep the eyes open, bed is calling zzzzz
I don't have them on hand to post. Larry Conners who has
numerous similar systems based on various RSI % Bolinger
indicators, goes into them in his book. Think it's up in the
high 80's% successful trades mark for this particular one. Mostly
ETF's not stocks covered in the books.
As always anyone looking to follow this needs to do their own
DD
Free E-Book is called " How to successfully trade ETF's" It's an
RSI 2 scale in system called TPS ie. Time, price, Scale In.
Larry Connors and Cesar Alvarez
Website is "Tradingmarkets.com
Looks like a bucket shop selling lots of stuff but up to the
individual as far as DD is concerned
RSI 2
Posted by andyf52 on 23rd of Mar 2012 at 11:23 am
A conservative strategy is to scale into positions. 10% on first day above 90, then 20, 30 and 40 on subsequent days if the RSI is still going up giving 100% on day 4
Reverse for long side
show us the system statistics
Posted by matt on 23rd of Mar 2012 at 11:24 am
show us the system statistics of scaling in that way vs not.
andy - I'll ask my
Posted by matt on 23rd of Mar 2012 at 11:41 am
andy - I'll ask my programmer to program those parameters into the RSI 2 strategy so that we can see.
I'm just a stickler for systems and statistics, and I would like to see what affect your idea would have on the system before saying that it's beneficial or not.
I've looked at a lot of scale in systems before and while the winning % is higher for the scale in, the total net profit is lower on these type of revision to the mean systems because of the times when the system would have bought at the lows, you don't end up having a full position. Unless you are scaling into the trade for the next 4 days even if it is at higher prices.
send me the EXACT parameters to my email, because when I have it programmed, I need to know the exact parameters. for example, do the scale ins only occur at better prices or do you simply enter the next 4 days no matter what? I need to know the exact parameters because that's very important, thanks
email: Bptrades@gmail.com
RSI 2
Posted by andyf52 on 23rd of Mar 2012 at 11:48 am
Matt,
Give me some time and I'll see what I can dig up.
Pushed for time here as I live in central Asia with an approx 10 hour time difference to the US. I get home from work at approx 6 PM local time and markets open at 6:30. PM closing at 1AM and I'm up for work at 6AM next day.
As the Irish say in one of their songs " It's a hard ould station"
andy - no problem, take
Posted by matt on 23rd of Mar 2012 at 01:23 pm
andy - no problem, take your time, but if you can get to me by tonight, then I could have my programmer add it over the weekend thx
RSI 2
Posted by andyf52 on 23rd of Mar 2012 at 01:43 pm
Matt,
Free e-book is called "How to successfully trade ETF's" By Larry Connors and Cesar Alvarez. It deals specifically with the scaling in RSI 2 model
I down loaded it to my kimble from Amazon for 99c I think. Don't think I can get it off my Kimble
All data is there for about 25 ETF's for long and short side trades for quite a few years. From memory the best one was ITF with a 94% success rate
Unfortunately from a pessimistic view it has not been much use for a while as everything has been overbought forever and nothing is below it's 200MA in my trading area. ( options so I need liquidity)
NB
Search in stockcharts and there is a code to paste in for the advanced scan for O/B and O/S. although other scans will find OB/OS easily also
Hope this helps. had a coupla beers after work over here and hard to keep the eyes open, bed is calling zzzzz
RSI 2
Posted by andyf52 on 23rd of Mar 2012 at 11:38 am
Matt,
I don't have them on hand to post. Larry Conners who has numerous similar systems based on various RSI % Bolinger indicators, goes into them in his book. Think it's up in the high 80's% successful trades mark for this particular one. Mostly ETF's not stocks covered in the books.
As always anyone looking to follow this needs to do their own DD
Which book? High Probability ETF
Posted by frtaylor on 23rd of Mar 2012 at 11:51 am
Which book? High Probability ETF Trading?
Thx,
FRT
RSI 2
Posted by andyf52 on 23rd of Mar 2012 at 12:16 pm
Free E-Book is called " How to successfully trade ETF's" It's an RSI 2 scale in system called TPS ie. Time, price, Scale In. Larry Connors and Cesar Alvarez
Website is "Tradingmarkets.com
Looks like a bucket shop selling lots of stuff but up to the individual as far as DD is concerned
Thanks, I'll take a look.
Posted by frtaylor on 23rd of Mar 2012 at 12:33 pm
Thanks, I'll take a look.