StockFetcher Forums · Filter Exchange · FOZZY go long filter RSI(2) VERSION<< >>Post Follow-up
TheRumpledOne
6,362 posts
msg #47657
Ignore TheRumpledOne
modified
10/25/2006 9:48:03 PM

TheRumpledOne
- Ignore TheRumpledOne
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modified 10/24/2006 11:57:59 PM

I read about taking the sma(8) of the rsi(8) and trading the crossovers for FOREX trading. Perhaps it may work for stocks.


Fetcher[
/* FOZZY go long filter */

set{marsi, cma(rsi(8), 8) }

rsi(8) crossed above marsi

close above 20

volume above 10000000

draw marsi on plot rsi(8)

]




I read about taking the sma(8) of the rsi(8) and trading the crossovers.


Fetcher[
/* FOZZY go short filter*/

set{marsi, cma(rsi(8), 8) }


rsi(8) crossed below marsi

close above 20

volume above 10000000

draw marsi on plot rsi(8)

]




Perhaps someone will backtest.



==========================================================================

09-13-06, 05:52
fozzy
Junior Member Join Date: Apr 2005
Location: Canberra, Australia
Posts: 37

The Daily Fozzy Method

--------------------------------------------------------------------------------

This is my first post on FF after months of reading and trying some of the numerous systems provided by members of this forum. Months ago I came across the following indicators that were posted on one of the Vegas threads. I cannot remember who posted it but I am extremely grateful for their insight and hope they do not mind if I show my way of using this indicator.

After months of testing and swapping from system to system I've come back to this indicator and in hindsight I should have stuck with it from the start as it seems to work for my style of trading.

Anyway, on with the detail. I only trade daily charts and only EUR/USD, GBP/USD, USD/JPY and USD/CHF. Why these? Primarily because these are the only ones I have backtested and have been trading for the last 3 months. I also tend not to trade Monday mornings (Australian time) as prices sometimes gap over the weekend. However, this is discretionary.

On each chart I have an 8 period RSI. I also have an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

Long Entries: RSI must be below the middle Bollinger Band. Enter long on the open of the next bar after the MA has crossed above the RSI.
Short entries: RSI must be above the middle Bollinger Band. Enter when MA crosses below RSI.

Stop loss is the low/high of the previous bar. I move S/L to break even if the price moves greater than 40 pips in my direction. After the initial 40 pip move I use a trailing stop for exits (25 pips).

I only look at the charts once per day, just before 0.00 GMT. This way I know which pairs are approaching my set-up. I then place trades if my criteria has been met. That's it. A simple system that seems to work for me. Looking at charts all day does not suit me as I have a real job and I'm not in a convenient timezone. 10 minutes a day is all I need. This method provides a limited number of trades but the trades can last anywhere from 1 day to numerous days. There can also be days on end with no trades. I have found that the secret is have patience. I also have come to believe those who say longer timeframes are easier, especially for newbies.

I'm not going to say this system will always work but for me it has generated over 400 pips in September already. Please try this out on demos before putting your hard-earned into it. Just because it is working for me (at the moment) does not mean it will suit everyone.

Please feel free to comment.





jacobnbr1
37 posts
msg #47661
Ignore jacobnbr1
10/25/2006 11:30:25 PM

This filter looks interesting... I guess you just wait for the cross and then divergence? of course the market trend also...
WOW! tivo??? yikers. what would a guy do with that?

Thanks again...



marine2
829 posts
msg #47663
Ignore marine2
10/26/2006 2:30:22 AM

I added a line to this filter and it looks very nice.
"and slow stochastic %d is below 30". It produced 73% wins between a period my standard subscription here allows. Nice work Rump !!


marine2
829 posts
msg #47664
Ignore marine2
10/26/2006 2:31:47 AM

oops I also added another line, "and ma(50) is increasing 20 days"


TheRumpledOne
6,362 posts
msg #47666
Ignore TheRumpledOne
modified
10/26/2006 9:22:31 PM

Fetcher[
/* FOZZY go long filter WEEKLY RSI(2) VERSION */

set{wmarsi, cma( weekly rsi(2), 3) }

and add column wmarsi

weekly rsi(2) crossed above wmarsi

weekly rsi(2) below 50

weekly rsi(2) > weekly rsi(2) 1 day ago

close above 1

volume above 1000000

draw wmarsi on plot weekly rsi(2)

]



Might as well give the weekly a look!!





TheRumpledOne
6,362 posts
msg #47658
Ignore TheRumpledOne
modified
10/26/2006 9:23:32 PM




Fetcher[
/* FOZZY go long filter RSI(2) VERSION */

set{marsi, cma(rsi(2), 3) }

and add column marsi

rsi(2) crossed above marsi

rsi(2) below 50

rsi(2) > rsi(2) 1 day ago

close above 1

volume above 1000000

draw marsi on plot rsi(2)

]






TheRumpledOne
6,362 posts
msg #47727
Ignore TheRumpledOne
modified
10/29/2006 8:25:09 PM

Fetcher[
/* FOZZY DISPLAY filter RSI(2) VERSION */

set{marsi, cma(rsi(2), 3) }
set{wmarsi, cma( weekly rsi(2), 3) }

set{fozzidl, count( rsi(2) crossed above marsi, 1 ) }
set{fozziwl, count( weekly rsi(2) crossed above wmarsi, 1 ) }
set{fozzids, count( rsi(2) crossed below marsi, 1 ) }
set{fozziws, count( weekly rsi(2) crossed below wmarsi, 1 ) }

and add column fozzidl
and add column fozzids
and add column fozziwl
and add column fozziws


/* price/volume/market selection criteria */

close above 20

volume above 10000000

market is nasdaq
]




This version just shows the fozzi triggers:

Daily long trigger - and add column fozzidl

Daily short trigger - and add column fozzids

Weekly long trigger - and add column fozziwl

Weekly short trigger - and add column fozziws

Change the selection criteria to suit your needs.

Remember, FOZZY used rsi(8) and ma(8) of the rsi(8) in his original work.





chetron
2,817 posts
msg #77147
Ignore chetron
modified
8/2/2009 12:29:01 PM

POP....


Fetcher[

/* FOZZY DISPLAY filter RSI(2) VERSION */
/* WITH CHETRONISMS */

set{marsi, cma(rsi(2), 3) }
set{wmarsi, cma( weekly rsi(2), 3) }

set{fozzidl, count( rsi(2) crossed above marsi, 1 ) }
set{fozziwl, count( weekly rsi(2) crossed above wmarsi, 1 ) }
set{fozzids, count( rsi(2) crossed below marsi, 1 ) }
set{fozziws, count( weekly rsi(2) crossed below wmarsi, 1 ) }
SET{VLONG,FOZZIDL * FOZZIWL}
SET{VSHORT,FOZZIDS * FOZZIWS}
SET{VPLAYS,VLONG + VSHORT}

and add column fozzidl
and add column fozzids
and add column fozziwl
and add column fozziws


/* price/volume/market selection criteria */

DRAW VSHORT
DRAW VLONG

close above .20
VPLAYS ABOVE .5
volume above 1000000
DO NOT DRAW VPLAYS
]



StockFetcher Forums · Filter Exchange · FOZZY go long filter RSI(2) VERSION<< >>Post Follow-up

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