StockFetcher Forums · General Discussion · 84.3% win<< >>Post Follow-up
jhar3
23 posts
msg #50276
Ignore jhar3
2/27/2007 6:31:35 AM

can someone help to make a filter out of these rules from trading market web site.Here are the Rules:

The SPX is above its 200-day simple moving average (you can use any S&P 500 derivative product, including the SPYs, E-minis, etc).

Day 1 - the 2-period RSI is below 65. This tells us that the market is in a neutral to possibly oversold condition.

Day 2 - the 2-period RSI closes lower than Day 1.

Day 3 - the 2-period RSI closes lower than Day 2.

Buy the market (SPX, SPY, E-mini, etc) on the close Day 3.

Exit when the 2-period RSI closes above 75.
Here are the simulated results from Jan 1, 1995 to December 31, 2006:

Number of trades: 102
Percent correct: 84.31%
Total S&P points gained: 1013.90
Average holding period/trade: 5.76 days




traderblues
195 posts
msg #50277
Ignore traderblues
2/27/2007 7:59:15 AM

Before we write the filter, note that this method was only invested for a total of 587 days, out of a possible 3000 days +/-.


rtucker
318 posts
msg #50290
Ignore rtucker
2/27/2007 9:58:21 PM

This may describe your entry conditions.
As of right now offset 134 returns 0

Fetcher[ind(spy, close) above ind(spy,ma(200))

and rsi(2) 2 days ago < 65
and rsi(2) 1 day ago < rsi(2) two days ago
and rsi(2) < rsi(2) 1 day ago

offset 133
]




TheRumpledOne
6,358 posts
msg #50297
Ignore TheRumpledOne
modified
2/28/2007 9:53:17 AM



As most of you know, StockHolyGrail was the one who taught me about RSI(2).

Who do you think taught these guys:

http://www.tradingmarkets.com/.site/stocks/commentary/editorial/The-Improved-R2-Strategy.cfm


And they never even mentioned his name.. THAT SUCKS!!

Look at what they are charging:

The TradingMarkets R3/R4 Method

http://www.tradingmarkets.com/tmu/store.site/daytrading/Courses%20Web%20Seminars/6355/

Why pay for it when all of the filters are FREE here?




papawally
19 posts
msg #50308
Ignore papawally
2/28/2007 12:20:44 PM

RumpledOne, What you say is true but I've been a Technical Analysis follower
since 1975 and sadly only found StockFetcher a year ago. Sometimes one looks in the wrong places..


petrolpeter
439 posts
msg #50309
Ignore petrolpeter
2/28/2007 12:25:47 PM

Wow,75 huh,would you share some screens Papa?


alf44
2,025 posts
msg #52703
Ignore alf44
modified
6/30/2007 11:43:48 AM

"As most of you know, StockHolyGrail was the one who taught me about RSI(2)...Who do you think taught these guys...And they never even mentioned his name.. THAT SUCKS!!"

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

TRO...please tell me you don't actually believe this ridiculous nonsense ! LOL

I seriously doubt that the character known as "StockHolyGrail" aka "Mary4Money" aka "Lerogee777"...could "teach these guys" (ie Larry Connors, Kevin Haggerty etc...) ANYTHING !!!

AND...for the record...people have been using ROC(2) and RSI(2) for DECADES !!!

PAH-LEEEZE !


Regards,

alf44


TheRumpledOne
6,358 posts
msg #52706
Ignore TheRumpledOne
6/30/2007 11:47:56 AM

"AND...for the record...people have been using ROC(2) and RSI(2) for DECADES !!!"

For the record, please post the proof of that statement.



alf44
2,025 posts
msg #52707
Ignore alf44
6/30/2007 11:52:05 AM

I'll post PROOF...shortly after YOU post "PROOF" of your utterly ridiculous claim ! ROFL

Can't wait to see it !


Regards,

alf44


nikoschopen
2,824 posts
msg #52720
Ignore nikoschopen
6/30/2007 4:01:01 PM

A classic "the chicken or the egg" problem. Since you can't technically obtain a copyright on how to use an indicator, whereas you can with the indicator itself, I suppose the whole point is moot. While the jury may still be out, it's very likely IMO that Mary ripped this off from other sources considering that RSI has been around for eons. But you can't rule out the possibility that Larry Connors and Kevin Haggerty didn't rip their version from other (uncited) sources either, whether that happens to be Mary or not.

StockFetcher Forums · General Discussion · 84.3% win<< >>Post Follow-up

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