StockFetcher Forums · Filter Exchange · \"HIGH PROBABILITY ETF TRADING\" BY LARRY CONNORS - GET YOUR FILTERS HERE!<< 1 ... 4 5 6 7 8 >>Post Follow-up
ZeroSum
33 posts
msg #108980
Ignore ZeroSum
11/24/2012 5:53:30 PM

Kevin_in_GA,

I want you to know that this particular thread is the reason I joined StockFetcher. So a hearty "thank you" to you!

I have been trading 3x ETFs with the RSI(2) method for a few months, mainly TNA, FAS, TQQQ, and have had good results. If you decide to post something new that ties RSI(2) based approaches to 3x ETFs, I would love to read it, please consider it.

Kevin_in_GA
4,543 posts
msg #108982
Ignore Kevin_in_GA
11/24/2012 11:03:34 PM

Pesonally I avoid the 3x ETFs, since the leverage causes some serious drag on risk-adjusted performance. However, glad to hear that they are working for you.

Connors just came out with a new system (the "ConnorsRSI") that I am dissecting now. Not sure if this can be coded in SF, but of more interest to me is how well can one approximate or beat their performance using variations and/or simplifications of the system.

four
3,998 posts
msg #108983
Ignore four
11/25/2012 1:23:00 AM

http://info.tradingmarkets.com/ConnorsRSI_ConnorsRSI.html?utm_source=TMblog&utm_medium=blog

GJohnston
1 posts
msg #109025
Ignore GJohnston
11/27/2012 10:31:43 AM

Great post and very informative - thanks!

jackmack
333 posts
msg #109026
Ignore jackmack
11/27/2012 10:34:05 AM

Kevin
Would you try scale it for SF to use it on ETF's or individual names?
In the ConnorsRSI PDF he is speaking to individual stocks.
Thank you
Cheers

Kevin_in_GA
4,543 posts
msg #109029
Ignore Kevin_in_GA
11/27/2012 2:41:26 PM

The version I am playing with uses all available stocks and ETFs. I have been looking at Connors' core criteria without his "ConnorsRSI" oscillator. The basic entry strategy he uses is

close above 5
average volume(21) above 250000
adx(10) above 30
low 1 day ago below close 2 days ago* X (where X = 0.92 to 0.98)
low below close 1 day ago * Y (where Y = 0.92 to 0.98)

He then adds his proprietary indicator to the entries and exits. Looking at the base above, it ends up that you really don't even need his oscillator if you simply use RSI(2) for your entry selection and exit trigger. I ran a few additional optimizations (RSI period, adx period, adx value at entry, RSI value at exit, etc.) and got some very respectable systems. More on this later.

jackmack
333 posts
msg #109031
Ignore jackmack
11/27/2012 10:23:15 PM

Kevin
I am simply amazed at how generous you are with your ideas.
I am sure you keep the really juicy ones for your own (as you should :-) ) but what you have
given so far is beyond commendable and I just cannot thank you enough.

Can I get an amen from you fellow SFer's out there using Kevin's algorithms - here's to Kevin.



Kevin_in_GA
4,543 posts
msg #109033
Ignore Kevin_in_GA
11/27/2012 10:57:24 PM

I posted the results of this study in the "ConnorsRSI" thread in the other forum. Still tweaking, but you can see the results and all of the code there.

scott111552
148 posts
msg #109040
Ignore scott111552
11/28/2012 5:46:04 AM

I agree with Jack....we all owe a debt of gratitude to Kevin for his generosity.....I'm a much better trader because of Kevin...
Thanks, Kevin!!

Kevin_in_GA
4,543 posts
msg #109054
Ignore Kevin_in_GA
11/28/2012 1:17:57 PM

Thanks, but honestly this is not generosity so much as simply putting some of my thought processes out to the community for feedback. I really like the challenge of developing these types of systems and analyses. Sharing them with others is just part of the process for me.

StockFetcher Forums · Filter Exchange · \"HIGH PROBABILITY ETF TRADING\" BY LARRY CONNORS - GET YOUR FILTERS HERE!<< 1 ... 4 5 6 7 8 >>Post Follow-up

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