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Posted by DarkProtoman on July 12, 2007, 10:57 pm
> You need to day what you're trading, and what your anticipated
> hold timeframe is, before anybody could give you an answer
> to that question. I daytrade only futures on Interactive Brokers, using
> ZoneTrader. http://ScalpingFutures.com and I would say the
> market is so dynamic that no single formula such as the one you've
> described could ever cope with the "dynamic range" of a market,
> let alone be a formula for a wide variety of markets. I assume you
> are 1) a specialist in what you trade, and 2) apparently a technical
> trader, which is a good thing.
>
>
>
>
>
> > Is this a good strategy:
>
> > Buy when RSI <=40 AND CMF bullishly diverges from 30 day EMA AND 30
> > day EMA of price relative to S&P 500 is increasing AND Bollinger Band
> > Width is <4
> > Sell when RSI >=60 AND CMF bearishly diverges from 30 day EMA AND 30
> > day EMA of price relative to S&P 500 is decreasing AND Bollinger Band
> > Width is >4
>
> > What Direct Access Brokerage do you like better, TradeStation,
> > thinkorswim, or Interactive Brokers?
>
> > Thanks!!!- Hide quoted text -
>
> - Show quoted text -
I trade bio/technology and mining equities and options on said
equities. My timeframe is 5-30 days.
Here's a slight update to the strategy:
Buy when 10 day RSI <=30 AND Chaikin Oscillator --5,30-- <0 AND 5 day
EMA of price relative to Advance/Decline index on the S&P 500 --or
equivalent options index-- crosses up over the 30 day EMA of the same
AND said equity/option closed below it's 30 day EMA
Sell when 10 day RSI >=70 AND Chaikin Oscillator --5,30-- >0 AND 5 day
EMA of price relative to Advance/Decline index on the S&P 500 --or
equivalent options index-- crosses down below the 30 day EMA of the
same AND said equity/option closed above it's 5 day EMA
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