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This is very similar to the method used on this site.
HYPERLINK
"http://www.vtoreport.com/rsi.htm"http://www.vtoreport.com/r
si.htm
My apologies if this link was already posted as I am still
wading through the emails after being gone a few days.
Regards,
Duke Jones, CMT
_____
From: Gerard Carey [mailto:gcfinance@xxxxxxxxxxx]
Sent: Thursday, November 18, 2004 4:51 AM
To: AB Yahoo group
Subject: [amibroker] What about a little ....
"KNIFECATCHING" ?
Buy= RSI(14)<25 ;
Sell= RSI(14)>45 ;
This appears to be a simple
robust system, showing a relatively
high % of winners, even in
weaker markets.
Consistency is always a good thing.
No... it's a Great thing.
I have not traded it as yet.
I intend to address the % return with a combination of
finetuning
entries, setting a stop loss to get out if the decline
continues, and
leverage.
NB. AB's inbuilt RSI is RSI(9) not the RSI(14) needed here.
Mind your fingers
Regds
Gerard
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