|
PureBytes Links
Trading Reference Links
|
b,
The red rectangles are Equis' feeble attempt to post an "exit" sign. So,
imagine these different scenarios:
1. After buying a stock and then receiving a sell signal...if the SMA is
pointed up...you simply "exit" the position and that's what the little red
squares represent (closing a trade and not initiating another).
2. After buying a stock and then receiving a sell signal...if the SMA is
pointed down...you reverse the position
3. Just the opposite for selling "opening positions" and reversing
Take care,
Steve Karnish, CTA
Cedar Creek Trading
www.cedarcreektrading.com
1-877-668-1125
----- Original Message -----
From: b519b <b519b@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 23, 2002 12:38 PM
Subject: [amibroker] Re: CMO(5) system with MA
> Steve,
>
> I think my thick head is finally starting to get the picture (the
> chart you attached was a big help). When one combines a Moving
> Average (13 or 21 or whatever) with the CMO(5), then one gets a trend
> following system that uses an oscillator (the CMO) to time entries.
>
> Also, I am not familar with MetaStock charts, so can someone explain
> what the red rectangles at the top of a thin red line mean on Steve's
> chart. They appear to signify some type of action (or cancalled
> action?).
>
> b
>
> --- In amibroker@xxxx, "Steve Karnish" <kernish@xxxx> wrote:
> > MessageWhoa Dingo,
> >
> > Please remember, as pointed out to DT, that this StoRSI is a tool
> to trade the QQQ's. So many people are attracted to this vehicle
> (QQQ) that I thought it would be appropriate to share my research. I
> am not suggesting that anyone use the StoRSI on equity issues. I am
> suggesting that people look at the CMO5 (with the SMA filter). As an
> example, I've attached ABDE.
> >
> > This stock swung from 27 to 85 during 2000...with volatile swings
> during that period. From November to mid March ('01) it gave it all
> back in a stunning downdraft. During the last 16 months it has
> chopped sideways. I think this represents the possiblities fairly
> well. What I end up with is a stock that has traded the CMO5 with
> a "53/-53" trigger (and a 21 day SMA qualifier/filter). This
> scenario returns a win/loss of 21-5 and 114 points of profit (no
> commiss, slippage, etc.).
> >
> > The important things are: I do endorse the CMO5 optimized at
> symmetrical triggers. I believe one should "filter" trades to "go
> with the flow" (13 period sma...21 period, you pick 'em).
> >
> > Take care,
> >
> > Steve Karnish, CTA
> > Cedar Creek Trading
> > www.cedarcreektrading.com
> > 1-877-668-1125
> > ----- Original Message -----
> > From: dingo
> > To: amibroker@xxxx
> > Sent: Tuesday, July 23, 2002 10:18 AM
> > Subject: [amibroker] Preparing the StoRsi for QQQ Formula For
> Trading as a System
> >
> >
> > Thanks to Steve Karnish we've had a lot of discussion about
> developing a formula (see below) that might be appropriate for actual
> use. I say "might" because (no slight to Steve here) I'm not certain
> that I know how to determine that this formula would make a good
> basis for a system. That's where I think we should aim our next
> discussion..
> >
> > So, let me ask the people who've actually used formula in systems
> and traded with them:
> >
> > Is the formula below a good basis for a system? Please explain
> why and how you came to your conclusions!
> >
> > What would YOU do to improve it or is it just not ready for prime
> time?
> >
> > I really think that this would help a lot of us that are new to
> the "game" understand more about the development process and prevent
> some of us from just jumping off the deep end and potentially loosing
> a lot of money.
> >
> > BTW - I've been thinking about taking some of the discussion
> about Steve's formula and putting it into a document as and example
> of how one might go about doing this. Sort of an extended tutorial.
> Any comments on that?
> >
> > Thanks in advance for all of your help!
> >
> > dingo
> >
> > Here's the formula:
> >
> > /*StochRSI on the QQQ's with MA
> >
> > Courtesy: Steve Karnish
> >
> > Optimized for 3/24/2000 - 7/22/2002
> >
> > Settings: Buy/Sell/Short/Cover = Next Day Open
> >
> > Long and Short
> >
> > Commissions = 0
> >
> > Stops and Targets = disabled
> >
> > */
> >
> > StochRsi=EMA((RSI(8)-LLV(RSI(8),8))/(HHV(RSI(8),8)-LLV(RSI
> (8),8)),3)*100;
> >
> > tmpMA = 21;
> >
> >
> > Buy=Cross(17,StochRsi)AND Ref(MA(C,tmpMA),-1) < MA(C,tmpMA);
> >
> > Sell=Cross(StochRsi,83);
> >
> > Short=Cross(StochRsi,83) AND Ref(MA(C,tmpMA),-1) > MA(C,tmpMA);
> >
> > Cover=Cross(17,StochRsi);
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
> > ADVERTISEMENT
> >
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> Service.
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
|