StockFetcher Forums · General Discussion · ConnorsRSI<< 1 ... 6 7 8 9 10 ... 32 >>Post Follow-up
tennisplayer2
179 posts
msg #109413
Ignore tennisplayer2
12/14/2012 10:16:57 AM

I had a second chance, brought CRUS @25.77

gmg733
619 posts
msg #109421
Ignore gmg733
12/14/2012 11:17:58 AM

CBMX and CRUS hit this morning.

Prodigio is actually working well for this strategy.

sohailmithani
192 posts
msg #109427
Ignore sohailmithani
12/14/2012 12:39:22 PM

what happens when the open is below our limit buy order (6% in this strategy)? The system will not pick it but we will have it. So how do we make sure we replicate the system to get the backtested results (or very close to it).

Kevin_in_GA
4,542 posts
msg #109431
Ignore Kevin_in_GA
12/14/2012 1:19:28 PM

It depends on what system you are using. For example, in Prodigio I have coded this system so that a market order is entered only if the current 1 minute bar has closed above the trigger and the previous one had closed below it (a "cross above" trigger to place an order). That way no limit orders are used and the scenario you descibe would not trigger a trade.

This type of coding also prevents you from getting into a trade that opened above the trigger and just drops like a stone all day.

However, in the scenario you described a limit order is filled first and you are screwed. That's how they work.

sohailmithani
192 posts
msg #109432
Ignore sohailmithani
modified
12/14/2012 1:42:17 PM

Thanks Kevin.
So what is prodigio? A broker or means to automate trades using some other broker. Are they better than IB?
I am in Canada so will I be able to use prodigio.

Kevin_in_GA
4,542 posts
msg #109433
Ignore Kevin_in_GA
12/14/2012 2:01:38 PM

Prodigio is an automated trading system that is now working with OptionsHouse. Not sure if it is readily available in Canada. Their web site is www.prodigiorts.com

RobtF
10 posts
msg #109446
Ignore RobtF
12/16/2012 8:15:23 AM

Prodigio sounds like something to check out. Is there a way to exclude a sector of stocks ie. Biotechnology? I would want to think twice before I automatically traded these guys.

Kevin_in_GA
4,542 posts
msg #109447
Ignore Kevin_in_GA
12/16/2012 8:18:40 AM

You can only search up to 500 stocks using the automated system. The limit really is there to prevent delays in order execution since reviewing 7,000 stocks real-time is a huge amount of bandwidth.

I would suggest that you set up a custom list based on what type of volatility, price, volume, etc you also want. Getting to 500 good candidates should not be hard.

Kevin_in_GA
4,542 posts
msg #109452
Ignore Kevin_in_GA
12/17/2012 10:00:26 AM


tennisplayer2
57 posts
msg #109413
- Ignore tennisplayer2 12/14/2012 10:16:57 AM

I had a second chance, brought CRUS @25.77



gmg733
220 posts
msg #109421
- Ignore gmg733 12/14/2012 11:17:58 AM

CBMX and CRUS hit this morning.

Prodigio is actually working well for this strategy.

++++

CRUS and CBMX up nicely today - CRUS already at 26.81 and CBMX at 7.07.

tennisplayer2
179 posts
msg #109453
Ignore tennisplayer2
12/17/2012 10:07:01 AM

Sold CRUS @ 26.88 (which is where RSI (2) =50). Thanks again Kevin for your willingness to help others.

StockFetcher Forums · General Discussion · ConnorsRSI<< 1 ... 6 7 8 9 10 ... 32 >>Post Follow-up

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