SurfnDestiny
78 posts
msg #35570
- Ignore SurfnDestiny |
4/11/2005 6:34:11 PM
I need a way to detect when RSI(5) is on the bottom gradient in this offshoot of the Muddy method filters. Filtering for RSI(5) below 1 or 2 doesn`t work. If you add a command for a RSI(5) column to be added to the stock results, you will see some values of RSI(5) at 8 or 9, even though the chart shows RSI(5) on the bottom line. This filter works pretty good though. RSI(2), when touching the bottom line doesn`t seem to fortell a bounce the next day, as much as the chart for RSI(5). You just need to make sure RSI(5) is on the bottom line to pull the trigger.
|
TheRumpledOne
6,407 posts
msg #35583
- Ignore TheRumpledOne |
4/12/2005 10:00:05 PM
Try this...
You could change the 200 day low to 50, 100, 150, etc... your preference.
MAY ALL YOUR FILLS BE COMPLETE.
|
SurfnDestiny
78 posts
msg #35592
- Ignore SurfnDestiny |
4/13/2005 6:40:15 PM
That does seem to make the filter more selective in its picks. Still... there doesn`t seem to be a way of not watching for price jumps in the morning, does there?. A working stiff like me, does`nt have the luxury of being able to do that everyday. My hats off to the Muddy Method though. I have be able to profit some with the method, and I am actually ahead, even with this bearish market. I need to work on my exit strategy though. I lose some gains by holding too long, even if its just a few hours. My best gains have come from watching the minute to minute price swings, and selling at peaks of price, or when RSI(2) is above 75.
|
TheRumpledOne
6,407 posts
msg #35594
- Ignore TheRumpledOne |
4/13/2005 11:22:55 PM
If you have to go to work....
To enter, use a buy stop.
To exit, use a trailing stop.
MAY ALL YOUR FILLS BE COMPLETE.
|
roca1018
163 posts
msg #35599
- Ignore roca1018 |
4/14/2005 6:43:49 AM
Rumpled One,
I appreciate your input, however, trading that way would not have a high
probability of winning. These stocks are volatile and often establish the hod in early trading and often sell off hard. As a working person I have had more success
buying the fails with long bottom tails or buying after 11am when a bounce off the lows are apparent.
Rich
|
SurfnDestiny
78 posts
msg #35715
- Ignore SurfnDestiny |
4/23/2005 6:49:44 PM
I`ve tightened the Center of gravity slope angle. This seems to produce better results.
Remember to make sure the RSI(5) signal is at the very bottom line.
|