|
PureBytes Links
Trading Reference Links
|
"I will not speak again forStochastic
RSI"
Thank God. For those that are
interested:
Me and the boyz (and grrls) covered our short
positions (QQQ) on the opening yesterday. In the worst market in recent
memory, the system has now profited on ten out of the last eleven trades.
The single loser was -.75, with the winners summing 27.16. Profits since
11/1/01 have exceeded the underlying price of the issue. The approachis
traded by many, with real money. Nothing has been changed or tweaked for
years. Over the years, many forum members have received this formula by
"politlely" asking for it (see formula section of website). It continues
to produce "out-of-sample" (and more importantly, in real
accounts).
Again, the StoRSI is a tool to unlock profits in
the QQQ. Used with a simple 21 period SMA, it continues "ring the
register". It's hard to believe that anyone would "lobby" against an
approach that continues to produce profits. If anyone decides to risk
capital on this issue (or others), one must decide on an approach and then
actually implement it. I do not have a new approach every week for this
market. This is the one and only approach I have ever posted for this
trading vehicle.
I am convinced that there are hundreds andmaybe
thousands of systems that will trade the Q's better. This is just one,
simple approach that has been "public" and that has not changed for years.
I have nothing to hide and nothing to sell. Please take the information
and improve on it.
Take care,
Steve Karnish, CTACedar Creek Trading<A
href="">www.cedarcreektrading.com1-877-668-1125
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dimitris
Tsokakis
To: <A
href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, July 25, 2002 5:34
AM
Subject: [amibroker] Optimal solutions of
the past and future profits
Last June 5, 2001, I posted to this list the Tushar Chande
Stochastic RSI and my Stochastic CCI.
<A
href="">http://groups.yahoo.com/group/amibroker/message/2394
I will not speak again for Stochastic RSI, we have seen a
lot of details for this popular indicator, which
presents now an optimal solution [8-13-87] for QQQ, running
at a +250% for the last 30 months.
Besides the difficult question of the selection of this
[8-13-87] combination [although I read ...carefully
the messages, I have not seen any kind of
explanation, serious or humorous, by the user of this
combination]
I wrote that this +250% is not one of the best QQQ
performances.
We have seen a lot of QQQ systems running between +500% and
+600% or better.
I understand that it is not fair to compare different
design approaches. It is very difficult for Stochastic RSI to
be competitive to D-ratio or RSIt or MeanRSI
TTM.
So, let us compare the quite similar Stochastic RSI and
Stochastic CCI.
Beginning from March 2000 till June 2001, there were
two almost equal solutions for the respective
StochCCI system, [I follow symmetric triggering just for the
comparison under equal terms, my personal opinion
for symmetric triggering is analytically expressed inother
postings]running at +303% and +302%, with
equal # of 10 trades/9 winners/1 loser, as you may see
in the StochCCI 1 gif <FONT
size=2>.
You could select one of them or both of them.
Now, one year later, we may see the [7,13] at +405% and the
[6,15] at +1199%.[StoCCI2 gif]
I do not believe that there were serious criteria on June
2001 to select the [7,13] or the [6,15].
CCI differentiation is almost invisible, if you change the
period from 6 to 7.
You surely need a magnifier to separate BuyLevel=13from
BuyLevel=15 .
If we forget these details, a +1199% may sounds
great.
It is up to you to decide if you prefer attractive
calculations or positive trading techniques.
Anyway, if you are interested in this invividualistic
trading style and if you prefer Stochastic oscillators, try
Stochastic CCI among the others. It is not popular but it is
a bit smarter.
Dimitris TsokakisYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
|