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Alias Born 11/10/2009

Re: None

Saturday, 11/21/2009 8:57:34 PM

Saturday, November 21, 2009 8:57:34 PM

Post# of 1986
Suggestion: Multiple Signals per Symbol on Same day In odds maker

scaling in is a legitimate strategy as long as preplanned, despite the commonly held wisdom in books of "never add to a loser." Experience and research by Larry Connors, who is popular for quantifying a very short period RSI of 2 as the basis of a very profitable system mean reversion system. His research shows on these short term mean reversion systems, scaling in at a progressively higher rates is also profitable, until it's not a big proportion of your portfolio. Even if it's say 100-200-300 shares at progressively lower prices.

Simplicity is a good reason to keep it one per day, but the above is a legitimate way to trade, so could it be possible to then have an Oddsmaker Configuration to either add on every alert, or if sticking to 1 per day, then add position at various distances away from the price of the first alert?

It looks like your bot does these things, so would be great to have these abilities in oddsmaker as well.

(btw, if you could add RSI but with a look back of 2 on your filter list, would really, really appreciate it. take a look around the web, it tests out really well by a lot of people back to 1994 or so for swing strategies).

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