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Steve, just what is OOS? Please spell it out for me.
thanks
nand
--- In amibroker@xxxxxxxxxxxxxxx, "CedarCreekTrading" <kernish@xxxx>
wrote:
> Dave,
>
> I'm watching. The QQQ and StoRSI relationship was presented,
again, last night at a DTG meeting in Denver (120 traders). The
spirit of the indicator, triggers, and presentations were to present
momentum oscillators as a positioning indicator to trigger you into
trades.
>
> As I suggested in the public meeting: If you test it straight
up....you will be taking many contra-trend positions (which is not my
style...I use some type of trend identification/qualifier with all my
trades).
>
> So, Dave, I would suggest retesting with your favorite definition
of "trend" and I believe you might get better results. Secondly, the
only reason I presented the trigger levels of 13 and 87 is because
two years ago (at this forum and in public presentations) I presented
Exactly (with a capital E) the same ETF: QQQ, the same indicator and
the same trigger levels.
>
> Now in my book, the entire year has been OOS. When I presented
this, the last four times in public, I caught big time flack from the
genius system testers (many that have never bought or sold a share of
stock). They complained that the results sucked for certain periods.
Of course, they ran their tests without any filters. And, the
sharpest criticism came from the non-trading academics.
>
> I will continue to flash this indicator, ETF, triggers to the
public. It's been cranking OOS since the day I presented it. It's
my very opinionated, self-absorbed view that says: OOS from ancient
history is very over-rated. Let's continue to monitor the progress
of this approach in the only real OOS (the future). And, please, for
all that may pooh-pooh an approach that was posted over a year ago,
please post any approach for this forum to monitor. The test is the
future...not some historical aberrations that people insist on
testing.
>
> Take care,
>
> Steve
> ----- Original Message -----
> From: Dave Merrill
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, November 21, 2003 9:22 AM
> Subject: [amibroker] any karnish watchers out there? QQQ-StoRSI
confirmation
>
>
> if you've been checking out the Uncle Steve Live show on Paltalk
(Business
> and Finance/Teach-Talk-Trade), he's been talking up StoRSI(8, 8,
3) as a way
> to trade QQQ. I don't want to argue with him, but I don't get
great or
> consistent results with it, so I wanted to check my results and
AFL with
> someone else.
>
> here are my QQQ StoRSI results, trading at next day's open w 1%
> commission/slippage, no stops:
>
> 99: 0.25 %
> 00: 106.15 %
> 01: -38.58 %
> 02: -37.47 %
> 03: 21.29 %
>
>
> here's the code I used; please confirm that too:
>
> r = RSI(8);
> StoRSI = EMA( (r - LLV(r, 8) ) / ( (HHV(r, 8) ) - LLV(r, 8) ), 3)
* 100;
> buy = cover = Cross(13, StoRSI);
> sell = short = Cross(StoRSI, 87);
>
> (ideally, you'd add to your position each time you got another
cross w/o an
> intervening reverse signal. can't do that in AB, so I didn't.)
>
>
> is this what others see? is the AFL correct? any other comments or
> corrections? what's wrong w this picture?
>
> dave
>
>
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