Buy DUST with 1/2 of what you would invest in a GDX short.

Since it does look like the second entry will take place today, is there any way to tell from the present state of the system if this will be a short term trade or not?   

Yes, I meant short on rallies.

Thanks Matt.  That was very informative.

Matt,

Without discussing the actual code, could you talk about how the SPY system decides to stop looking to go long on pullbacks and start going long on rallies?

Very intersting, Matt.

By "every instance," do you mean in the history of the system?  In other words, does the day trade idea off of intra-day lows and highs have a perfect record during the period that the system has been backtested?  Or are you talking about recent history?

Great work, Tumbler.  Thanks.  

Thanks, Tumbler.  We all really appreciate your work.

This may be obvious to all but me, but what initial investment are these figures based on?

I've tried to find this information on the blog and in the website, but I've not been able to.  Basically, It would be useful to know what the backtested winning trade percentage is on the multi-entry system for entries 2,3, and 4.  I ask because I'm still interested in devising a strategy where you buy SPY on the initial signal, SSO on the second, and futures or options on the 3rd and 4th.

I thought that the Multi-Entry system was 40% short and 20% long.

Just kidding.

This post is a great idea.  Makes it difficult even for people like me to ask addle-brained questions.

To be fair to Floyd, he didn't mean that we should get a message every day there isn't a trade.  I think that he meant that on those days when a possible trade has been announced a subsequent message could be sent cancelling the alert.  

So, to get it straight, in your calculations, if the multi-entry system has four trades, it invests four times as much as the single entry system.  Is this correct?

In my view, this board acts responsibly and courteously for the most part.  I see very little whining and bitching.  I see concerned investors wishing to learn more about a system in which they believe.  Sure, sometimes they get a little nervous, but that's to be expected.

Again, many thanks.

Just to clarify, are the statistics you just posted for the same investment (in other words, are your calculations based on something like this:  invest X dollars in the single entry system with each signal; divide X into some percentage, such as 40, 20, 20, 20 and invest that percentage of X in the multi-entry system with each signal)?

Thank you for the work that you've done.

If you have the time, could you compare the single entry and the multiple entry strategies using options, say over the period that you've tested.  

Also, Tom and I were talking about the folloiwng strategy using the multiple entry system:  Signal 1:  Buy SPY; Signal 2:  Buy SSO; Signal 3:  Buy SPY options; Signal 4:  Buy more SPY options or futures.  If it's not asking too much (which it almost always is), could you plug these values into your spreadsheet to see how they compare to the single entry options and multiple entry options strategies?

Again, many thanks.

I agree with the sticky (better than my Current Trade idea--thanks, Michael).  And I think that Matt is right that there should be standardized language to indicate what action is to be taken.  That would be easier on Matt and less likely to confuse new subscribers.  Of course, if novel situations arise, then Matt will do his best to explain them, but such events should be rare.

I think that there should be one setting for each system (single entry and multiple entry):  Current Position.  If a trade is pending, then place it on that table and lable it as pending, something like:  "Long if SPY closes at or below 130."  Then, when the trade has triggered or not, change the text to indicate that, so that it reads "In Cash," or "Long SPY from 130."

The multiple entry table would be the same, except that it would indicate the current entry and subsequent entries.  

Sell and short signals would work the same.

Any luck getting the clarification you need?

But the signal was generated today.  The system can't "know" or guess what happens overnight.  It can't base a signal today on what mighthappen overnight.  At least that's my understanding.  If I'm wrong, then, well, I've been educated and, like I said, this is an educational question.  I don't expect the system to be always profitable, so I'm not concerned if this trade is a loser.  I just want to undertand the system better.

The SPY system will sell tomorrow at open after a down day.  And yet, it was my understanding the system sold into strength.  Of course, there might be a gap up or a gap down tomorrow morning, but no one can know that.  So, could Matt or someone explain why the system is selling into weakness.

The only one that I know of is leveraged (2x short):  DUST.