₦airaland Forum

Toluway:
Are you tired? Why not just cool down and follow the market. Your starategy is excellent in terms of money management. You exited after making more than 100% from your open positions and may not need to bother yourself till another crash, to buy from the lowest.
So, stop harassing those who are still in open positions especially by brandishing negative scenarios for the past 3 months! Chop make i chop makes the world go round. Abeg no vex o.

ositadiima1:
I am not going to go into the details regarding the equation that outputs the RSI values, it is quite well documented online. For u guys that like books you can check out 'New Concepts In Technical Trading Systems' by J. Wilder himself. In there you will find the RSI and other indicators developed by the author.

With a python script I was able to run a few tests and deciphered a few things.

The RSI possesses predictive powers, but, you have to dig deep to get to it.

I will not be posting detail results this time maybe later.

These set of parameters made ok returns in my back test:
1. I used the standard 14 day period to compute the RSI
2. Buy when RSI goes to 30 or below (Number 3 must be true for this to be true).
3. Buy only if the volume traded on the previous day was 20,000,000 or above (It doesn't matter what stock it is).
4. At least a 90 days holding period after stock purchase. You need huge discipline for this, their will be ups and downs.
5. Invest same amount on each trade i.e N500,000 or what ever. (Don't worry, trades matching this criteria will be very few)

Some results:
1. Stock data: March, 2020 to December, 2020
2. In total 20 trades: 18 winning trades and 2 losing trades.
3. Used 500,000 per trade
4. Total turnover was 10,000,000
5. Profit after trading fees 3,894,000

In fact, I will be adopting this strategy after a few more tests

#systematic_trader

bigjay01:
His current holdings will be reconstructed. He only missed out on the bonus.

Danniee:
Transcorpeeee 25,000,000 bid @ 1.02 at Premarket, we move......
Megawealth01, I am dogging your steps ooooo.

Olaide1295:
Can you do this same analysis for 2019?

Danniee:
Transcorpeeee 25,000,000 bid @ 1.02 at Premarket, we move......
Megawealth01, I am dogging your steps ooooo.

ositadiima1:
I am not going to go into the details regarding the equation that outputs the RSI values, it is quite well documented online. For u guys that like books you can check out 'New Concepts In Technical Trading Systems' by J. Wilder himself. In there you will find the RSI and other indicators developed by the author.

With a python script I was able to run a few tests and deciphered a few things.

The RSI possesses predictive powers, but, you have to dig deep to get to it.

I will not be posting detail results this time maybe later.

These set of parameters made ok returns in my back test:
1. I used the standard 14 day period to compute the RSI
2. Buy when RSI goes to 30 or below (Number 3 must be true for this to be true).
3. Buy only if the volume traded on the previous day was 20,000,000 or above (It doesn't matter what stock it is).
4. At least a 90 days holding period after stock purchase. You need huge discipline for this, their will be ups and downs.
5. Invest same amount on each trade i.e N500,000 or what ever. (Don't worry, trades matching this criteria will be very few)

Some results:
1. Stock data: March, 2020 to December, 2020
2. In total 20 trades: 18 winning trades and 2 losing trades.
3. Used 500,000 per trade
4. Total turnover was 10,000,000
5. Profit after trading fees 3,894,000

In fact, I will be adopting this strategy after a few more tests

#systematic_trader

Danniee:
Transcorpeeee 25,000,000 bid @ 1.02 at Premarket, we move......
Megawealth01, I am dogging your steps ooooo.

Danniee:
Dey don remove am, hand of market player....

Mcy56:
The move was very suspicious towards closing yesterday........
There's something brewing there......but some panicky itchy fingers rushed out to sell at 93-95.....
Whosoever wants to gamble should try and pick some units, let's see how it goes.......abeg note the word "gamble" there ooo.

OBAGADAFFI:
Lasaco is still cheap

ositadiima1:
MANSARD is doing 37% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

If I could be this lucky 1 to 2 times out of the 4 quarters every year, I for quit my day job nah.

Anyhoo, #systematic_trading_for_life

Mcy56:
FBNH: Moving gradually.,.......
SOVERNINS, CHAMS, J-GOLD, MBENEFIT, ROYALEX, LINKASURE, .WAPIC, CHAMPION, ......... FULL BID

ositadiima1:
MANSARD is doing 49% today from my entry. Will it cross our 50% mark? OR go burst from here. Time shall tell...

The 1 mil I put into this has made 490k(probably 440k after charges)

I think I will sell today.

I know it is luck and not skill, never expected to return somuch in 10 days.

#systematic_trader

Mcy56:
Quite some sell off in Japaulgold .......

IYGEAL:
Japaul may enter full offer today.

lmm4real:
Shake off weak hands.

bigjay01:
Offers side of JapaulG has shown up.
I have just sold off all my 280k units @ #1.49

Bye!

bigjay01:
Offers side of JapaulG has shown up.
I have just sold off all my 280k units @ #1.49

Bye!

bigjay01:
Offers side of JapaulG has shown up.
I have just sold off all my 280k units @ #1.49

Don't care what happens afterwards

Bye!