StockFetcher Forums · Filter Exchange · Larry Connors RSI Powerzones Long Strategy<< 1 2 >>Post Follow-up
KSK8
221 posts
msg #146456
Ignore KSK8
2/6/2019 2:24:17 PM

This comes from Larry Connor's book "Buy The Fear, Sell The Greed". Fun read.

Here is a profitable long system out of his book.

This works fantastic in bull markets. It's not meant to be traded as a shorting system.

Rules:
Buy on the close & sell when RSI(4) crosses above 55

Fetcher[

set{x1, count(close > ma(200),1)}
set{x2, count(rsi(4) crossed below 25,1)}
set{buy, x1*x2}
set{sell, count(rsi(4) crossed above 55,1)}

buy > 0

draw buy
draw sell
draw rsi(4) line at 25
draw rsi(4) line at 55


market is NASDAQ
average volume(30) > 2000000
close > 30

]



Village Elder
56 posts
msg #146457
Ignore Village Elder
2/6/2019 4:21:15 PM

I believe this is the same as the Connors Long filter #2 posted in this older thread:

https://www.stockfetcher.com/forums/Filter-Exchange/HIGH-PROBABILITY-ETF-TRADING-BY-LARRY-CONNORS-GET-YOUR/93830/-1/93838

KSK8
221 posts
msg #146458
Ignore KSK8
2/6/2019 5:12:02 PM

Interesting, I suppose Connor's strategies have been circulating on the forums long before I came. And by one glance at that thread it seems like Kevin really went the extra mile with it. Such a shame he is no longer with us..

Village Elder
56 posts
msg #146459
Ignore Village Elder
2/6/2019 5:28:55 PM

The performance data provided was from when SF still supported backtesting - shame they removed this capability.

Looks like if you remove the symlist and replace with "ETF" you get a bunch of potential trades. MIght be worth back-testing manually.

Eman93
4,736 posts
msg #147145
Ignore Eman93
3/29/2019 10:34:25 PM

This is a good method imho.
Buy the pull back on high relative strength etfs or stocks


JerzeyBoyz
11 posts
msg #147175
Ignore JerzeyBoyz
4/2/2019 12:10:38 PM

weight for it to cross above 25 for conformation? Also crosses above 25 then crosses back below 25 sell immediately that would make sense? Just my input what do you think.

JerzeyBoyz
11 posts
msg #147176
Ignore JerzeyBoyz
4/2/2019 12:26:18 PM

weight for it to cross above 25 for conformation? Also crosses above 25 then crosses back below 25 sell immediately that would make sense? Just my input what do you think.

JerzeyBoyz
11 posts
msg #147177
Ignore JerzeyBoyz
4/2/2019 12:50:17 PM

I tested more. Weight for it to cross above 25 line to buy. How about this filter in reverse for shorting i have tried to formulate with no success I am a newbie. THANKS

KSK8
221 posts
msg #147183
Ignore KSK8
4/2/2019 5:46:11 PM

JerzeyBoyz,

This might be what you are looking for;

Fetcher[
set{x1, count(close < ma(200),1)}
set{x2, count(rsi(4) crossed above 75,1)}
set{short, x1*x2}
set{cover, count(rsi(4) crossed below 45,1)}

short > 0

draw buy
draw sell
draw rsi(4) line at 75
draw rsi(4) line at 45
market is NASDAQ
average volume(30) > 2000000
close > 30
]



I literally just flipped the conditions so I am not sure what the results will be, that is something for you to experiment with.

shillllihs
4,469 posts
msg #147184
Ignore shillllihs
4/2/2019 9:15:02 PM

This is a more sensible filter though maybe not as exciting. Seems like in most cases there's at least 1 day within 1 to 20 days where a red candle dips below close. Would like to see someone fine tune this even more.

StockFetcher Forums · Filter Exchange · Larry Connors RSI Powerzones Long Strategy<< 1 2 >>Post Follow-up

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