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Post by dino on Nov 21, 2016 21:28:54 GMT -5
Be careful with IWM as well. Led getting up here, but now lagging Yeah... IWM - 12 daily green candles in a row. Running very hot - about 90% overbought. I'll be buying TZA on these gap ups...
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Post by walnut on Nov 22, 2016 10:33:53 GMT -5
You should sell this idea to WS and retire! I'll let you know when I figure out whether or not it works I said I'd let you know, here is what I found. Sometimes the system works. Other times, the VXX.IV and XIV.IV data seems delayed a second or so, and gives false trade signals, which every time resulted in losses about equal to the successful trades. I am not sure if the delay is because I am just using a DDE excel spreadsheet data feed, or if it is the Nasdaq and PSE exchanges data through IB which is causing it. If I were to go ahead and program it in java, it would cure any chance that the problem is on my end. But I am probably not going to do that, too likely the delay is coming from IB and the exchange. To overcome the delay problem, would probably need to co-locate a trading server (bot) on a fast pipe to the exchange. Then, I believe the idea would work.
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