Trading Strategies from Active Trader Magazine

CMO StochRSI

MetaStock 8.0 or latter is required for this system to scale into the trade and to limit the positions to 10% of the current equity. To create this system:

• Select the Enhanced System tester from the Tools menu
• Click New
• Enter the name of the system
• set the Position Limit to "limit the number of simultaneous positions to" 10
• Select the Buy Order tab and enter the following formula:
  
  stochRSI:=(Sum(RSI(14)-LLV(RSI(14),14),3)/Sum(HHV(RSI(14),14)-LLV(RSI(14),14),3))*100;
  stochRSI=0 AND CMO(c,20)<-28
  
  
• Set the enter size dropdown to "% of available equity"
• Enter a 10 in the space to the right of the entry size
• Select the Sell Order tab and enter this formula:
  
  stochRSI:=(Sum(RSI(14)-LLV(RSI(14),2),3)/Sum(HHV(RSI(14),2)-LLV(RSI(14),2),3))*100;
  stochRSI>90 AND CMO(c,20)>20