sanket_9999
5 posts
msg #159302
- Ignore sanket_9999 |
7/14/2022 12:26:11 PM
Hi All,
I am using this filter based on RSI(2) to buy short term calls for ETF. Do you suggest any modification?
Close is below MA(5)
Average volume(50) above 500,0000
RSI(2) below 5
stock market is ETF
optionable
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xarlor
587 posts
msg #159304
- Ignore xarlor |
7/14/2022 5:49:32 PM
May I ask what your entry strategy is? DTE, delta?
Likewise, what is your exit strategy? Do you have a profit target you go for? Technical exit?
I prefer to trade with the trend to ensure high probability trades. Your hits each day are definitely lessened, but the quality of the trades increases drastically. My go-to trend filter is wma(150).
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sanket_9999
5 posts
msg #159389
- Ignore sanket_9999 |
8/2/2022 1:54:00 PM
Hi My profit strategy is 20% and Stoploss is 50%. I do not see anything comeing for WMA
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KSK8
561 posts
msg #159452
- Ignore KSK8 |
8/13/2022 10:21:03 AM
sanket_9999,
I'll save you a mountains-worth of time:
Assuming you're a beginner, I'd strongly encourage you to ditch experimenting around independently and check out some of the strategies posted by TheRumpledOne .You can obtain immediate profitability with some of his filters.
Not trying to discourage you from doing whatever this is, nor discounting the other posters, but you're very likely wasting your time if you're looking to turn this into a mechanical strategy.
Others will very likely agree with me.
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