8 replies to this topic

[dcengr]

Since 1999, if you shorted the Qs when weekly RSI6 went over 80 and covered when it went below 70, these would be your results: Another winner to tag onto this system. Sometimes, the best systems are brain dead simple. Position Symbol Shares Entry Date Entry Price Exit Date Exit Price % Change Net Profit Bars Held Profit/Bar Entry Signal Exit Signal Cum Profit MAE % MFE % Short QQQQ 1,671 07/12/99 61.38 07/19/99 57.28 6.65 6,824.24 1 6,824.24 6,824.24 -0.41 7.64 Short QQQQ 1,385 11/15/99 75.78 01/24/00 85.75 -13.17 -13,822.37 10 -1,382.24 -6,998.13 -28.82 2.68 Short QQQQ 960 02/28/00 109.52 03/27/00 109.50 0.01 6.56 4 1.64 -6,991.58 -10.02 7.78 Short QQQQ 3,270 07/07/03 31.84 07/14/03 31.28 1.74 1,815.20 1 1,815.20 -5,176.38 -2.86 2.89 Short QQQQ 2,750 01/05/04 37.73 01/26/04 37.07 1.73 1,799.00 3 599.67 -3,377.38 -3.37 2.84 Short QQQQ 2,634 11/08/04 38.66 01/03/05 38.55 0.27 273.74 8 34.22 -3,103.64 -5.23 3.75 Short QQQQ 2,387 11/28/05 42.11 12/12/05 41.58 1.24 1,241.94 2 620.97 -1,861.70 -0.48 1.99 Short QQQQ 2,415 10/09/06 42.43 10/30/06 41.93 1.16 1,191.50 3 397.17 -670.20 -1.15 1.98 Short QQQQ 2,324 11/13/06 44.30 11/27/06 43.66 1.43 1,471.36 2 735.68 801.16 -1.26 2.35 Short QQQQ 2,047 07/09/07 49.90 07/23/07 47.99 3.81 3,893.77 2 1,946.88 4,694.93 -1.52 3.83

[Rogerdodger]

Short QQQQ 2,047 07/09/07 49.90 07/23/07 47.99 3.81 3,893.77 2 1,946.88 4,694.93 -1.52 3.83

Am I reading this correctly: July 7th, short Q's, Cover on July 23rd?
http://stockcharts.c...9756&r=7057.png

[Rogerdodger]

OK, Now I see that particular signal was a 1.52 loss. I see now. Looks like 23K better than buy and hold.

Edited by Rogerdodger, 28 July 2007 - 01:47 PM.

[dcengr]

OK, Now I see that particular signal was a 1.52 loss. I see now.
Looks like 23K better than buy and hold.

Its not a loss.. its a gain. Just read it carefully and you will see that out of 10 trades made since 1999, it has only 1 losing trade.

Ofcourse the signal told you to exit at the end of yesterday.

Edited by dcengr, 28 July 2007 - 03:28 PM.

[Rogerdodger]

If you short on 7/9: (07/09/07 49.90 Entry Date, Entry Price). Price was below 49 on 7/9. and cover on 7/23: (07/23/07 47.99 Exit Date Exit Price). Price was above 49 on 7/23. How does this work? What am I missing?

[dcengr]

If you short on 7/9: (07/09/07 49.90 Entry Date, Entry Price). Price was below 49 on 7/9.
and cover on 7/23: (07/23/07 47.99 Exit Date Exit Price). Price was above 49 on 7/23.

How does this work?
What am I missing?

You obviously cover when the weekly signal told you to cover, which was end of friday, not the start of friday.

[vitaminm]

QQQQ


7-9-07 close 48.89 // 7-23-07 close 50.07

http://finance.yahoo.com/q/hp?s=QQQQ

[dcengr]

QQQQ


7-9-07 close 48.89 // 7-23-07 close 50.07

http://finance.yahoo.com/q/hp?s=QQQQ

It is the WEEK of 7-23-07, not the date 7-23-07. The cover signal came last friday, 7-27-07

[Rogerdodger]

I never saw anything about a weekly signal. Sorry. I thought it was daily.