The S&P 500 closed up so there was no trade but I received
many questions about what to trade the signals with and really the
answer is whatever fits you best. The system is on the index
so you can deviate anyway you see fit (but obviously stay with
something that you expect to track the S&P). SPY, SSO,
Index options, options on SPY or SSO....whatever. We cannot
advise (as you all know) but choose whatever fits your style, risk
tolerances and capital requirements best. Any derivative of
the S&P should be acceptable but I don't have any data to
provide input of which one tracks best.
The system uses the index
BPT EMA RSI 2 System
Posted by tom on 25th of Oct 2012 at 03:55 pm
The system uses the index so it would be as of 4pm, no post market trading, no futures.
BPT EMA RSI 2 System
Posted by winter39 on 25th of Oct 2012 at 04:03 pm
so wherever the SPY closes at the same time the $INX closes at 4?
At what price did one get in yesterday at the SPY?
Thank you
The S&P 500 closed up
Posted by tom on 25th of Oct 2012 at 04:02 pm
The S&P 500 closed up so there was no trade but I received many questions about what to trade the signals with and really the answer is whatever fits you best. The system is on the index so you can deviate anyway you see fit (but obviously stay with something that you expect to track the S&P). SPY, SSO, Index options, options on SPY or SSO....whatever. We cannot advise (as you all know) but choose whatever fits your style, risk tolerances and capital requirements best. Any derivative of the S&P should be acceptable but I don't have any data to provide input of which one tracks best.
BPT EMA RSI 2 System
Posted by winter39 on 25th of Oct 2012 at 04:11 pm
thanks for the very clear explanation