<have played with some rebuys after stopping out of VTO plays, but to date have not found a consistently profitable signal. Haven't given up on it yet, but I think a better option would be to figure out how to stay out of the losing VTO signals to begin with. Or to average in during cautious times.>
Had you thought about waiting for RSI to drop below 18-20 before rebuy long?
In my own system if I get a down signal I will ignore it only when the RSI 5 gets below 20 and I will go long.It is the only time I will ignore my signal and do the opposite.
Another suggestion: use recent average of Vix to adjust the RSI5 buy threshold. For low vix, use higher threshold such as 30 or even 32; but as vix moves higher, reduce the threshold to 28, 25, 20, or even 10. Jim
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