Posted by atlantis on 24th of Aug 2011 at 01:10 pm
Hi Steve, Matt,
How is the ATR trailing stop doing on the GDX system. With Gold
taking an expected beating, I would assume it is above the GDX
system current stop price ?
atlantis - GDX is still not very close to the ATR, it's
still down near the 200 MA but will move up over time. When
it get's very close as always I'll let you know
The ATR trailing stop for GDX system is now up to about $58,
which is a lot tighter then the standard 8% stop loss at $54.56.
However realize that the ATR is not an intra day stop, the
way I have the system written is that it will only stop out on a
close below the ATR trailing stop, NOT an intra day spike down
through it, thus it still retains the EOD system status.
Hi Steve, Matt, How is the
GDX Daily and 60
Posted by atlantis on 24th of Aug 2011 at 01:10 pm
Hi Steve, Matt,
How is the ATR trailing stop doing on the GDX system. With Gold taking an expected beating, I would assume it is above the GDX system current stop price ?
Thanks !
Atlantis
atlantis - GDX is still
Posted by matt on 24th of Aug 2011 at 02:31 pm
atlantis - GDX is still not very close to the ATR, it's still down near the 200 MA but will move up over time. When it get's very close as always I'll let you know
The ATR trailing stop for
Posted by matt on 24th of Aug 2011 at 04:00 pm
The ATR trailing stop for GDX system is now up to about $58, which is a lot tighter then the standard 8% stop loss at $54.56. However realize that the ATR is not an intra day stop, the way I have the system written is that it will only stop out on a close below the ATR trailing stop, NOT an intra day spike down through it, thus it still retains the EOD system status.
Thanks Matt. Looks like a
Posted by atlantis on 24th of Aug 2011 at 03:40 pm
Thanks Matt. Looks like a sell will be generated by a cross to the 8 Day MA before we hit the stop.