StockFetcher Forums · General Discussion · ConnorsRSI<< 1 ... 16 17 18 19 20 ... 32 >>Post Follow-up
Kevin_in_GA
4,552 posts
msg #110318
Ignore Kevin_in_GA
1/18/2013 8:58:55 AM

Both filters will work. The differences result in different trades and frequency of candidates, but both should have similar win% and returns. The WFA selects for a rsik-adjusted best candidate over the past three years, by dividing the MC average annual return by the MC average drawdown for that period.

Kevin_in_GA
4,552 posts
msg #110331
Ignore Kevin_in_GA
modified
1/18/2013 11:32:19 AM

Looks like CLSN triggered this morning. You would have been in at 10:38 AM if you used a limit order at 6.87.

SAFeTRADE
413 posts
msg #110332
Ignore SAFeTRADE
1/18/2013 11:33:35 AM

Traded a variation of this filter based on CONNORS_RSI. One of his variations is on page 25 with a win % of 80.11 on line 4.
Dropped 8% yesterday and another 10% today. The stock is CLSN. Picked up 3% and got out. Entry was 6.58. It is still going up. Thank you Kevin and Connor.

Clarence

oldsmar52
104 posts
msg #110334
Ignore oldsmar52
1/18/2013 11:47:19 AM

I also am in CLSN. Kevin, the exit you personally are using is the Williams %r(2) at -45, isn't that right? Thanks much, Frank

Kevin_in_GA
4,552 posts
msg #110335
Ignore Kevin_in_GA
1/18/2013 11:54:59 AM

Yes. Frankly either the RSI(2) above 50 or the Willaims %R(2) above -45 will work fine. Your call as to which to use, but they often are both triggered on the same day.

oldsmar52
104 posts
msg #110336
Ignore oldsmar52
1/18/2013 12:21:39 PM

Kevin, I better apologize for the questions, but I'm a novice, if u will. Is there a way to calculate what the price will be when the RSI(2) reaches 50? I'd like to put in a limit sell at that price.....is it just a guesstimate? Thanks much, Frank

Kevin_in_GA
4,552 posts
msg #110337
Ignore Kevin_in_GA
1/18/2013 1:44:13 PM

The system actually triggers an exit at the open of the day after the RSI(2) hits 50 or greater. That makes it easy. Just put in your market sell order for the next day at whatever the open price will be. That is exactly the method used in my backtesting.

Alternatively (although not tested) would be to hold a limit exit determined by you and wait to see if it gets filled at some time after the RSI(2) crosses above 60. No data on how that would compare.

riverrun83716
15 posts
msg #110368
Ignore riverrun83716
1/20/2013 11:53:23 AM

kevin have you looked at this concept as a short strategy? Same idea but shorting overbought stocks. Do you have any back test results if you have looked at it. Great work on this and many thanks.

four
4,005 posts
msg #110369
Ignore four
modified
1/20/2013 12:18:59 PM

LINK : RSI(2) Solver Tool
http://www.tradingmarkets.com/free-tools/rsi-solver




duke56468
683 posts
msg #110371
Ignore duke56468
1/20/2013 2:33:09 PM

four.............Thanks for the info.

StockFetcher Forums · General Discussion · ConnorsRSI<< 1 ... 16 17 18 19 20 ... 32 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus