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First let me say thank you for your contribution StochRSI and for
that matter the CMO5...
On your attached QQQ chart, the signal in May 2002 doesn't look like
its confirmed by the 21 sma filter...is this correct or is it just
the graphics...
Thanks again.
--- In amibroker@xxxx, "Steve Karnish" <kernish@xxxx> wrote:
> "I will not speak again for Stochastic 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
approach is 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 and maybe 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, CTA
> Cedar Creek Trading
> www.cedarcreektrading.com
> 1-877-668-1125
> ----- Original Message -----
> From: Dimitris Tsokakis
> To: amibroker@xxxx
> 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.
> 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 in other
postings]running at +303% and +302%, with
> equal # of 10 trades/9 winners/1 loser, as you may see in the
StochCCI 1 gif .
> 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=13 from
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 Tsokakis
>
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