KOP Qs

Well that was an interesting day which I suspect many will label a classic one day reversal. We shall see. In the meantime, the XLFs traded a mind boggling 852 million shares today as yesterday's hated financials became today's must haves.
Although the vast majority of the systems I have profiled over the past few months have featured IWM, I have not forgotten my beloved Qs and am therefore posting a Qs version of the KOP format.
I actually like this system quite a bit and it's unusual to find this type of risk control with the Qs when not employing stops.
I've merged Grand Slam 2 and the %R RSI2 system and added a couple wild cards to create this simple KOP. The max consecutive losers is very attractive . . 2 for both the long and short side and the max intraday drawdown on the longs is half of the IWM model (short side, a little different story). With 304 trades over 283 weeks, this is an active system with short exposure. . . average 2 days for the longs and 3 days for the shorts.
The downside is that average trade gain is only $43/100 shares so you need to deploy some capital with this system in order to make it worthwhile. A fixed bar exit (BarsSinceEntry) of 8 increases yield a bit and is can easily be tacked on the code.
Something for you to play with but (IMHO) definitely useful as a stand alone short term timing model for the Qs.
TS 2000i code shown below:
For those who don't have TS 8.3 and are considering it, TS is waiving platform fees until 12/31 for new accounts ($5000 minimum). This is not a solicitation or endorsement of TS, just an FYI.
Go to http://www.tradestation.com/ for details, if interested.

Condition1 = PercentR(3) Crosses Below 81 and RSI(Close,2) Crosses Below 77;
Condition2 = PercentR(3) Crosses Above 13 and RSI(Close,2) Crosses Above 27;
Condition3 = RSI(Close,2) > 80 and CCI(7) > 82;
Condition4 = RSI(Close,2) < 31 and CCI(7) < 30;
Condition5 = RSI(Close,2) < 29 and CCI(7) < 39;
Condition6 = RSI(Close,2) > 81 and CCI(7) > 89;
Condition7 = Close > High[1] and High[1] > High[2];
Condition8 = Close Crosses Above Average(close,12) Or LinearRegValue(Close,27, 0) > 50;

If Condition1 OR Condition3 OR Condition7 Then Sell This Bar on Close;
If Condition4 Then ExitShort This Bar on Close;
If Condition2 Then Buy at Market;
If Condition6 Then ExitLong at Market;
If Condition5 Then Buy This Bar on Close;If Condition8 Then ExitLong This Bar on Close;