Hayseed,

r u the group leader here about the RMO?

I am using it with great success, not trying to break its codes.

I am effectively trading the GBPJPY currency as a basket of the four major pairs but entering when RMO shows strenght in the long direction.

If the daily has a blue arrow and I have blue arrows through the 60-45-30-22-15-5 minute timeframes and the 30 minute swing3 has crossed zero I will enter.

where can one learn more about strategies of using the RMO's visual techniques?

Thank You

Joe

Hayseed,

I am not in your code analysis league. I use the RMO as it is presented in MetaStock Pro fx v10.

I find it an easy to read visual package that smoothes out the volitatility of the market. All the indicators in the template seem to confirm each other. Of course multiple timeframe analysis must be employed. I don't think you can pick a timeframe and run with it.

The arrows say it all. Especially on the 60 minute chart. If you have a red arrow and you can convinced yourself into a long trade, you will lose. You must wait for the red arrow to be negated by a blue arrow.

I observe what daily arrow I am working on. then proceed through the following timeframes of 60-45-30-22-15-5 minute. When I have positive RMO on the 30-22-15-5 with blue arrows on the daily-60-45, I will enter a long trade. Positive RMO histograms generally start when the Swing3 blue line crosses zero. I use lines instead of histograms to see the crosses more clearly.

I plot the text-number of that timeframe in blue or red on the 60-minute chart when its blue line crossed zero creating its positive RMO. When the 5 to 30 minutes have committed to a direction and we have large timeframe (daily-60-45) arrow confirmation as well, you have a good RMO trade.

I would like to share and learn how you interpret and use the RMO graphs.

Thanks.

Joe

someone emailed me about converting the rmo indicators into multi time frame varities..... that would be a neat trick and probably worth the time spent.... i'll give it some thought.....

by applying higher time frames indicators to the lower time frame charts we are trading , we can see if we are trading with the main current or spitting into the wind..... i've always admired those that can short strength and buy weakness.... that ability escapes me.....

the rmo will provide some difficulty in conversion..... other indicators are quite easy..... if say for instance we want to plot the 60 minutes stoch(9,5,3) on a 30 minute chart we can place the stoch(18,10,6) on the 30 minute chart..... or if we want the 60 minute macd(12,26,9) on that same 30 minute chart we would plot the macd(24,52,18)..... you can see we've just doubled the values cause we doubled the time frame..... we can plot both the 60 macd and the 30 minute macd in the same window...... do it a couple times and you'll see the convienence of it.....

i'll study on the rmo conversion and report back......h

HAY

tHAT WAS ME ON rmo MULTIPLE TIMEFRAMES

I has 5-15-30-45-60-360-720minutes and Daily - Weekly RMO template charts in one layout.

My trade decsion basis in on a blue arrow on the daily with the smaller timeframes also phasing into long entry. The 30 minute timeframe seems to be the key with it haveing say a blue arrow, blue candles and a positive RMO histogram. A sign change in the histogram ususally occurs about when the long term Swing 3 blue line crosses zero.

this 30 minute entry has to be supported with a strong 15minute, a 45minute looking like is pending to go positive and the 60minute following suite.

RMO stands for Rocking Monster Opportunities

Joe

joehickle,

So far every user of RMO has focused on entries but there has little input on exits. The presentations suggested using LLV(L,2) at the buy arrows (HHV(H,2) for sell arrows) but in my personal experience this solution appears to give up too much profit (in strong trends arrows may not appear for a long time) while taking you out easily during ranging markets/consolidation. Also, nobody seems to have identified the nature of the exit swing signal indicator (a stochastic oscillator?). The application of this exit is left to the judgement of the user (when enough profit is made) but often a buy / sell signal will come up when the indicator is overbught / oversold. if you have any insight into exits, it would be appreciated.

minnamor

RMO buy and sell signals bear similarlity with Equis Macd Signals on intraday 5 minute charts , so definitely he uses MACD to trade for day trading .

Need to know views of others ?

Hi all,

This is my first post to the forum. Great to see some fantastic posts with so much great info.

Anyway, I am a recent convert to MS and was delighted to 'try out' the RMO. I am afraid as a EOD trading system, it totally stinks. From the posts it looks like good only in intraday scenarios. If that you, good luck to you.

As an aside, my naive impressions lead me to believe the RMO was tweaked for intraday. Anyone with a sense of idea as to how to broaden this focus to EOD and beyond?

R/sa

I am pretty new to Metastock and only been using it for a couple of weeks and have been trying to get to understand the RMO strategy and its use and also the Exploration function. A couple of questions if anyone can help please?

1) When you do an exploration for RMO Market Trend New Blue for example I believe this is picking up stocks changing from a Red to Blue Bar. What time period is this change measured in? It appears to be daily - is this correct and is there any way to change it to shorter or longer periods if I want to?

2) If the above scan picks up items where the bar changes colour is there an exploration that you can run that picks up if bars are just blue regardless of the colour of the previous bar?

3) Similarly I understand that the Swing Trade Buy Arrow exploration picks up stocks where a Buy arrow has recently appeared? What time period does "recently" mean for this please? Once again can this be changed and also is there any scan that can be run which shows where the last arrow to appear is blue regardless of when it appeared?

hey r/sa..... now i see what you were refering to.... the scarce trades on daily charts would be common across any and all markets or at least all markets here in the states....

the rmo seeks trades at defined trend changes, which are painfully slow in coming...... as an example, there were only 84 trades in 'cat' from 1990 till now.....

that's why it seems to work best when used on a larger group of legitimate stocks daily, such as the s/p 500 , or perhaps the nasdaq 100 .... i see your from overseas so not sure what type grouping yall have....

i ran a test this morning on the riskier nas 100, the results using rmo were far improved over not using it.... and of course the rmo is not fool proof, there will be times where it gets in the way.... but more often than not using it helps......h

received an email reguarding my post above where i ran a comparsion test on the equis supplied "cci" system and an exact copy of the system with raul's rmo used as an addtional parameter...... when running a test using both the standard equis and our rmo'ed up version , be sure to use a legitimate group of stocks..... last time we used the nas 100, this time the s&p 100 was used..... all the 100 components.... the extra option's such as interest income, commisions, any sort of stops and such were not used.....

the theory is to only consider trades when the rmo favors your direction.... of course this will miss many profitable trades but those misses pale when considering the number of unprofitable trades that will be also missed......

if you run comparrison tests , such as seen here, the average profit will undoubtly catch your eye.... but also pay attention to the number of trades made by each..... now consider the savings in commissions...... the average trades on the rmo enhanced system was 77 , the average trades on standard cci system was 197..... the commissions savings alone could cover the cost of a new dell every month....

the past 9 months my complete days have been spent with metatrader, forex, ..... only now can i understand much of what henry and roy have been coding.... anyone wanting to enhance their understanding and productive use of metastock should consider downloading a free copy of metatrader..... h