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An overnight trading idea for Silverminers

By | Blogg, Stocks/ETF | No Comments

A simple and yet effective idea for trading the overnight edge for the Silverminers ETF SIL. The last seven years of trading has resulted in a profit factor of över 8. You can test this entry idea with different filters to further improve results.

 

 

Here is the strategy logic(Are you interested in code and workspace for Tradestation?)

1. Todays close should be more than 2,5% higher than the opening price.
2. If today is Wednesday, then buy at the closing price.
3. Exit next bar at the opening price.

A quick and effective way to catch SP500 swings

By | Blogg | No Comments

Here is another way to catch a quick profit in the market. You simply use the IBS, RSI and a 200 day moving average to buy and sell the next day. Very impressive results using this simple technique. It works well on futures as well as on other indexes and sectors as well.

Here is the strategy logic(Are you interested in code and workspace for Tradestation?)

  1. A 4 day rsi should be more than 45.
  2. Todays IBS should be lower than 0.3
    Inter bar strength is defined as follows:
    (Close – lowest) / (high – lowest)
  3. If todays close is more than 200 day MA and
    lower than yesterday, then we buy at close.
  4. Exit next bar on open price.

Using IBS together with an oscillator to catch swings at night

By | Blogg, Futures, Stocks/ETF | No Comments

A simple but yet effective way to trade the upward bias for the stockmarket during the night. We buy at the close and sell at the open using nothing else than RSI, IBS and a simple 200 day moving average. A very nice equity curve as you can see. Here we have tested it on the ETF SPY. However, it works well for other indexes as well as for futures.

Here is the strategy logic(Are you interested in code and workspace for Tradestation?)

  1. RSI of 10 days close should be lower than 40.
  2. Todays IBS should be lower than 0.5
    Inter bar strength is defined as follows:
    (Close – lowest) / (high – lowest)
  3. If todays close is more than 200 day MA,
    then we buy on close price.
  4. Exit at next bar on open price.

What if you tweak the RSI indicator a bit?

By | Blogg, Stocks/ETF | No Comments

Here I am trying to use the very popular indicator RSI in a different manner. What if you use the difference between 2 different daily RSI? Here I am using the difference between the 6 day and the 2 day RSI, It works on many other daily parameters as well.

The trading vechicle in this is the popular ETF SPY. SPY is an ETF that tracks the popular SP500 index. This idea can be used on many different markets and stocks either on its own or together with more filters. A nice tool in the toolbox in other words.

Baseline Model Rules   (Are you interested in code and workspace for Tradestation?)

  1. When the difference between a 6 day RSI and a 2 day RSI is above 30 you long at close.
  2.  Exit: When the difference between the 6 day RSI and the 2 day RSI is equal or below zero then exit at close.

Profit By Combining ADX And IBS

By | Blogg, Futures, Stocks/ETF | No Comments

Every industry has a set of rules which need to be followed before making a decision. The stock market rules can include a series of indicators which highlight the turning point in the trade.

For this particular test, we intend to use the ETF SPY as a vehicle. SPY is the symbol for an SPDR S&P 500 exchange-traded fund which trades on several exchanges. The abbreviation SPDR stands for the Standard & Poor’s Depositary Receipts, which was the former name of the ETF. The logic here can be used for both the ETF market and the Emini futures market.

We will also use the popular indicator ADX, which was created by Welles Wilder in the 70’s along with a 10 day low and an IBS. An IBS is an oscillating indicator which measures the relative position of the close price with respect to the low to high range. The acronym IBS stands for “Internal Bar Strength” and can be calculated as follows: (close – low) / (high – low).

These rules have been utilized to correctly predict the direction of the market 89% of the time since 1998. In fact, they have done a very good job of identifying the times SPY have been pulled back and are due to rally. The high level test results for the edge and the equity graph are displayed below. The edge can be further tested, analyzed and improved using different exits.

Here are the high level test results for the edge and the equity graph. You may further test, analyze and improve the edge using different exits.

Click on ‘read more’ to get the details and logic of the strategy

Baseline Model Rules

Click on ‘read more’ to get the details and logic of the strategy. (Are you interested in code and workspace for Tradestation?)

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