StockFetcher Forums · General Discussion · EVALUATING LARRY CONNORS' ETF TRADING STRAEGY<< 1 2 3 4 >>Post Follow-up
bankwalker
30 posts
msg #86525
Ignore bankwalker
1/18/2010 8:04:05 PM

If a watchlist is created with pairs of short/long etfs (bgz/bgu. fas/faz, etc.) this method should have trades occuring in strong bear markets also as about half should be above their MA(200) at any given time.


miketranz
716 posts
msg #86526
Ignore miketranz
1/18/2010 8:18:11 PM

Larry Connors a good salesman...

BarTune1
403 posts
msg #86527
Ignore BarTune1
1/18/2010 8:21:08 PM

Hell Mike, I just knew you had to get in there .... especially the talk of using no stops .... must be driving you crazy ....

miketranz
716 posts
msg #86532
Ignore miketranz
1/18/2010 9:51:43 PM

BT,I just couldn't help myself.Trading with no stops? Who does he think he is,Warren Buffet?

chetron
2,817 posts
msg #86543
Ignore chetron
1/19/2010 7:08:30 AM

EXITING WHEN THE RSI CROSS 70 IS ALL WELL AND GOOD, IF YOU ARE WATCHING THE SCREEN, BECAUSE IT MIGHT HAPPEN DURING THE DAY AND THEN GO BACK DOWN. IS THERE A WAY TO FIGURE WHAT THE PRICE NEEDS TO BE TO TRIGGER THE RSI AT 70 SO YOU CAN SET IT FOR YOUR PROFIT STOP?


BarTune1
403 posts
msg #86544
Ignore BarTune1
1/19/2010 8:18:34 AM

Yeah, you can estimate it Chet. However, the actual exit strategies are to exit end of day after a cross of the RSI(70) or MA(5).

And, I can tell you from successfully playing this system hundreds of times, you don't want to get out exactly at those points. You would really hurt your overall results by doing so.

As I have said to Keven before, in actual fact, many times when these ETFs of Stocks cross that line, they do it "violently" and you get a hell of a lot better price than the RSI(70) or MA(5) alone. Vice versa on shorts.

When I cant be by my computer, I often set sell orders at the previous days close MA(5) + 3% for stocks and a smaller % for ETFs depending upon whether you are using single, double or triple leveraged ones. These orders have triggered many many times.

chetron
2,817 posts
msg #86545
Ignore chetron
1/19/2010 8:36:30 AM

THANX, BarTune1

drew9
171 posts
msg #86551
Ignore drew9
1/19/2010 9:33:25 AM

After reviewing hundreds of ETF charts, I believe it is beneficial in most cases to exit the following morning after a crossing RSI(2) at 70. When a stock gains momentum, it tends to gap up in the morning and there seems to be some additional gains by doing this than at the previous close.

Kevin_in_GA
4,542 posts
msg #86554
Ignore Kevin_in_GA
1/19/2010 9:42:54 AM

Bartune:

Posting early today I see. I thought you would like this thread topic.

Connors VIX-based strategy might be a better play than this one. This, however, is the basis for a lot of Connors celebrity, and I just wanted to see how well it played out in backtesting.

Guess I'll set up a similar test on that one this week.

chetron
2,817 posts
msg #86562
Ignore chetron
modified
1/19/2010 10:06:25 AM

THANX, drew9

but is it any good for shorting??????????


Fetcher[

/* SHORT VERSION */
/* TACHIKAWA 5 */

close below MA(200)
average volume(50) above 100000
close above close 1 day ago
RSI(2) 1 day ago above 98

draw RSI(2) line at 30
draw MA(5)
draw price line at MA(5)

add column RSI(2) {RSI(2)}
add column MA(5) {MA(5)}
sort on column 5 ascending

]




IF YOU REALLY WANT......

Fetcher[

/* ALL TOGETHER VERSION */
/* TACHIKAWA 5 */

SET{VAR1A,CLOSE 1 DAY AGO}
SET{VAR1B,RSI(2) 1 DAY AGO}


SET{VAR1,COUNT(CLOSE BELOW VAR1A,1)}
SET{VAR2,COUNT(CLOSE ABOVE MA(200),1)}
SET{VAR3,COUNT(VAR1B BELOW 2,1)}
SET{VAR4,VAR1 * VAR2}
SET{VBUY,VAR4 * VAR3}


SET{VAR11,COUNT(CLOSE ABOVE VAR1A,1)}
SET{VAR12,COUNT(CLOSE BELOW MA(200),1)}
SET{VAR13,COUNT(VAR1B ABOVE 98,1)}
SET{VAR14,VAR11 * VAR12}
SET{VSHORT,VAR14 * VAR13}

SET{VPLAYS,VSHORT + VBUY}

DRAW VSHORT ON PLOT VBUY

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS

average volume(50) above 100000

draw RSI(2) line at 30
draw RSI(2) line at 70
DRAW WILLIAMS %R(20) LINE AT -20
DRAW WILLIAMS %R(20) LINE AT -80

draw MA(5)
draw price line at MA(5)

add column RSI(2) {RSI(2)}
add column MA(5) {MA(5)}
sort on column 5 ascending

]




macbull's twist....


Fetcher[


/* ALL TOGETHER VERSION */
/* with macbull's twist */
/* TACHIKAWA 5 */

SET{VAR1A,CLOSE 1 DAY AGO}
SET{VAR1B,RSI(2) 1 DAY AGO}


SET{VAR1,COUNT(CLOSE BELOW VAR1A,1)}
SET{VAR2,COUNT(CLOSE ABOVE MA(200),1)}
SET{VAR3,COUNT(VAR1B BELOW 2,1)}
SET{VAR4a,VAR1 * VAR2}
set{var4b,count(close below Lower Bollinger Band(20,2),1)}
set{var4,var4a * var4b}
SET{VBUY,VAR4 * VAR3}


SET{VAR11,COUNT(CLOSE ABOVE VAR1A,1)}
SET{VAR12,COUNT(CLOSE BELOW MA(200),1)}
SET{VAR13,COUNT(VAR1B ABOVE 98,1)}
SET{VAR14a,VAR11 * VAR12}
set{var14b,count(close above upper Bollinger Band(20,2),1)}
set{var14,var14a * var14b}
SET{VSHORT,VAR14 * VAR13}

SET{VPLAYS,VSHORT + VBUY}

DRAW VSHORT ON PLOT VBUY

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS

average volume(50) above 100000

draw RSI(2) line at 30
draw RSI(2) line at 70
DRAW WILLIAMS %R(20) LINE AT -20
DRAW WILLIAMS %R(20) LINE AT -80

draw MA(5)
draw price line at MA(5)

add column RSI(2) {RSI(2)}
add column MA(5) {MA(5)}
sort on column 5 ascending

]



DO YOU LIKE THIS??????

Fetcher[


/* ALL TOGETHER VERSION */
/* TACHIKAWA 5 */
set{cumulativeRSI2, sum(rsi(2),5)}

SET{VAR1A,LOW 1 DAY AGO}
SET{VAR1B,cumulativeRSI2 1 DAY AGO}
SET{VAR1C,HIGH 1 DAY AGO}
SET{VAR1D,VOLUME 1 DAY AGO}
SET{VAR1E,VOLUME * 1.3}
SET{VAR1F,COUNT(VAR1E BELOW VAR1D,1)}

SET{VAR1,COUNT(CLOSE BELOW VAR1A,1)}
SET{VAR2,COUNT(ADX ABOVE 29.5,1)}
SET{VAR3,COUNT(VAR1B BELOW 102,1)}
SET{VAR4A,VAR1 * VAR2}
SET{VAR4,VAR4A * VAR1F}
SET{VBUY,VAR4 * VAR3}


SET{VAR11,COUNT(CLOSE ABOVE VAR1C,1)}
SET{VAR12,COUNT(ADX ABOVE 29.5,1)}
SET{VAR13,COUNT(VAR1B ABOVE 498,1)}
SET{VAR14A,VAR11 * VAR12}
SET{VAR14,VAR14A * VAR1F}
SET{VSHORT,VAR14 * VAR13}

SET{VPLAYS,VSHORT + VBUY}

DRAW VSHORT ON PLOT VBUY

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
average volume(50) above 100000

draw RSI(2) line at 30
draw RSI(2) line at 70
DRAW WILLIAMS %R(20) LINE AT -20
DRAW WILLIAMS %R(20) LINE AT -80

draw MA(5)
draw price line at MA(5)

add column RSI(2) {RSI(2)}
add column MA(5) {MA(5)}

sort on column 5 ascending


]





StockFetcher Forums · General Discussion · EVALUATING LARRY CONNORS' ETF TRADING STRAEGY<< 1 2 3 4 >>Post Follow-up

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