SAFeTRADE
646 posts
msg #56987
- Ignore SAFeTRADE |
11/25/2007 4:51:29 PM
First, TRO thanks for your improvements.
Per the first post the signals are as follows.
Trading rules..
BUY SIGNALS
Price:
1. ballon26 above 75 (The higher the better)
2. ballon55 crossed above 75
Indicator:
Weekly RSI(5) above 75 (The higher the better)
RSI(14) crossed above 65
All 4 must be present to be a legit buy signal.
Stay put as long as ballon26 stays above 75 (Once aboard, ride it)
SELL SIGNAL
When sell signal shows up (SELL)..or
ballon26 crossess below 75 (SELL2)..or
when you are tired waiting and want out.
Thanks again TRO your input is greatly appreciated.
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chetron
2,817 posts
msg #57035
- Ignore chetron |
11/26/2007 9:25:48 PM
nice filter safetrade, this filter along with your trade rules seems to give a good heads up to golden crosses. when i overlaid the ma(50)/ma(200), i noticed that when the ballon26 is above 75 and then the ballon55 crosses, a couple of days later there is a golden cross, of course the ma(50) was below the ma(200) prior. i also noticed that after the golden cross, the 75 line and the ballons closely follow the ma(50). you need to look at the 2 year chart to see this clearly for the symlist. very nice.
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SAFeTRADE
646 posts
msg #57046
- Ignore SAFeTRADE |
11/27/2007 9:50:36 AM
I have tried to quantify risk with this addition to the filter, as much as can be done. I have used atr(20) as the risk factor. A 2 day atr(20) and plotted it on scale of 0 to 100. Now I know this is a stretch,...but I figure if RISKVAL (the value of risk) is below 50 and declining I have a 50/50 chance of making money. If the value is 25 or below my chances are better than 75% I will make money providing I follow ALL of the buy rules. It sure worked for all of the stocks in my list anyway. The trick is being patient and waiting for these to come along. Anyway a continuing effort to put the odds on my side. Maybe I should change RISKVAL to THE_EDGE. So I sorted by RISKVAL ascending.
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