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Alias Born 01/05/2005

Re: positiontrader post# 24449

Thursday, 01/06/2005 12:04:50 PM

Thursday, January 06, 2005 12:04:50 PM

Post# of 37180
This one deserves a post. Maybe this data will explain.

Data starts from Jan 1, 1986 (including crash of 1987)

Entry at RSI=30 Exit=RSI=50 (as VTO site suggest)
141 winning trades (75% approx)
46 losing trades (25% approx)
If $100 invested in first trade and then resulting amount invested in next and so on. Then $100 would have become 700 if invested in NDX and 2400 if invested in 200% NDX. (Comissions etc not included).

Entry at RSI=22 Exit=RSI=50
78 winning trades (80% approx)
20 losing trades (20% approx)
$100 would have become 390 if invested in NDX and 980 if invested in 200% NDX. (Comissions etc not included).

So you see, that although the win/loose ratio improved with lower RSI entry, but there was lost opportunity for many winning trades.

Now coming to Steve's question. Since I am free member, I am not allowed to change alias. I created a new login altogether. So I will 3 posts per day till I get approved. After that I will get 18 posts per day same as I used to get for qqqbee.

Now I have one post remaining, I will use that to post my close position which most probably will be long 200%.


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