| StockFetcher Forums · General Discussion · ConnorsRSI | << 1 ... 16 17 18 19 20 ... 32 >>Post Follow-up |
| Kevin_in_GA 4,599 posts msg #110331 - Ignore Kevin_in_GA modified |
1/18/2013 11:32:19 AM Looks like CLSN triggered this morning. You would have been in at 10:38 AM if you used a limit order at 6.87. |
| SAFeTRADE 660 posts msg #110332 - Ignore SAFeTRADE |
1/18/2013 11:33:35 AM Traded a variation of this filter based on CONNORS_RSI. One of his variations is on page 25 with a win % of 80.11 on line 4. Dropped 8% yesterday and another 10% today. The stock is CLSN. Picked up 3% and got out. Entry was 6.58. It is still going up. Thank you Kevin and Connor. Clarence |
| oldsmar52 104 posts msg #110334 - Ignore oldsmar52 |
1/18/2013 11:47:19 AM I also am in CLSN. Kevin, the exit you personally are using is the Williams %r(2) at -45, isn't that right? Thanks much, Frank |
| Kevin_in_GA 4,599 posts msg #110335 - Ignore Kevin_in_GA |
1/18/2013 11:54:59 AM Yes. Frankly either the RSI(2) above 50 or the Willaims %R(2) above -45 will work fine. Your call as to which to use, but they often are both triggered on the same day. |
| oldsmar52 104 posts msg #110336 - Ignore oldsmar52 |
1/18/2013 12:21:39 PM Kevin, I better apologize for the questions, but I'm a novice, if u will. Is there a way to calculate what the price will be when the RSI(2) reaches 50? I'd like to put in a limit sell at that price.....is it just a guesstimate? Thanks much, Frank |
| Kevin_in_GA 4,599 posts msg #110337 - Ignore Kevin_in_GA |
1/18/2013 1:44:13 PM The system actually triggers an exit at the open of the day after the RSI(2) hits 50 or greater. That makes it easy. Just put in your market sell order for the next day at whatever the open price will be. That is exactly the method used in my backtesting. Alternatively (although not tested) would be to hold a limit exit determined by you and wait to see if it gets filled at some time after the RSI(2) crosses above 60. No data on how that would compare. |
| riverrun83716 15 posts msg #110368 - Ignore riverrun83716 |
1/20/2013 11:53:23 AM kevin have you looked at this concept as a short strategy? Same idea but shorting overbought stocks. Do you have any back test results if you have looked at it. Great work on this and many thanks. |
| four 5,087 posts msg #110369 - Ignore four modified |
1/20/2013 12:18:59 PM LINK : RSI(2) Solver Tool http://www.tradingmarkets.com/free-tools/rsi-solver 
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| duke56468 683 posts msg #110371 - Ignore duke56468 |
1/20/2013 2:33:09 PM four.............Thanks for the info. |
| Kevin_in_GA 4,599 posts msg #110372 - Ignore Kevin_in_GA |
1/20/2013 3:33:16 PM Note that this would be for a one day move to that target price - the ConnorsRSI variant I outlined here might take 3 days from entry to exit, so the exact number would vary. Still a useful tool. Thanks for sharing. |
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