Is ConnersRSI available on Entries/Exits?

[johnmott59]

Hi all,

I wanted to do some trade simulation with the ConnersRSI but don't see those Chart Scripts in the Entries and Exits tabs. Are they somewhere else? I know that those templates have built-in simulation but that simulation doesn't appear to allow me to set the max number of open positions or capital per trade.

thanks,

John

[papadeocho]

Under "System Scans" section of the Indicators, at the bottom is the CRSI Entries Scan..

Drag that over and voila!

[johnmott59]

Thank you for your reply.

I see that there are several scans which appear to be related to CRSI

Am I correct that 'CRSILeveragedETFs_Setups' and 'CRSILeveratedETFs_Entries' are both selectors that are used in the 'Entries' tab?

Am I also correct that these three items are exit selectors?

1. CGTMA (Close > MA(N))
2. RSINGTX(RSI(N) > X)
3. CRSIGTX (Conners RSI > X)

One of the parameters for 'CRSILeveratedETFs_Entries' calls for the name of an exit script, 'CRSIGTX(80)'. Does this mean that that exit script must be used?

Also, the 'CRSILeveratedETFs_Entries' script has a parameter 'MaxEntries', is that the number of times to enter?

Thank you for your generous help.

John

[papadeocho]

You have to use the Entries Indicator. I would guess you can choose a different exit rule on the exit tab that would override the CRSI exit on the entry.

I think that max entry also can be adjusted, as you wish, to run the initial performance run. However, I just make it really high to get more selections and then adjust that Limit of Entries on the right column of the Trade Simulation tab.

But I'm still learning.

[johnmott59]

Thanks, I got some very good results with the following:

CRSILeveragedETFs_Entries, x = 20
CGTMA (Close < MA(N)) N = 5

I ran this on all 500 S&P 500 stocks with the portfolio divided into fifths, max of 5 open. I think the trick is to keep as much of the portfolio working at a time with a large enough amount to overwhelm the commissions. The average gain was only .5 percent but there were 471 trades.

john

[papadeocho]

You can do better than that, John.

So, you are using CRSI against stocks vs etfs?

Did you have to break out the s&p 500 into seperate lists due to system limitations?

Keep up the good work.

Papa

[papadeocho]

Also,

The CRSI scan is for Leveraged ETF’s. THe methodology for scanning stocks using the CRSI has more criteria, per the guide.

Chris,

Do you think a CSRI scan for stocks is a possible candidate for your February Strategy?????

Thanks,

Papa

[johnmott59]

Setting aside the ETF vs stock question for the moment it doesn't appear that the CRSI entries in the System Scan are doing any scaling in. I used the CRSILeveragedETFS_System and set the Max Entries to 3 but the trades only took one position.

Do you have it set up so that it is scaling in multiple positions in the trade simulation?

thanks,

john