After a lot of thought I've decided that I'm going to replace
this SPY system that we have all struggled with for the last year
with the
RSI 2 SPX systemthat I post on the regular blog. The stats are not as
high nor is the profit as high historically, however they are not
bad and it also has a lot of similar trades to the SPY system.
Also I've fully disclosed the system settings and I'm even
going to have the TS code for the system in the Store.
I plan to send signals out for the BPT RSI 2 system to the
website - this system has nice stats going all the way back to
1980.
Also I have canceled all SPY memberships, there will be no
rebilling in the future or ever for it - anyway I think most people
have written off the SPY system here per the lack of comments, thus
I think this is the best course of action. The BPT RSI 2
system will be placed in the 'Mechanical Systems' section of the
website, and I will also be taking this board down in the near
future, I like the tabbed view so perhaps we can replace
it with something else? any ideas?
As you know I have an XLE swing system that I will be placing
into the Mechanical Systems section that has much nicer stats than
this old SPY system. It's a swing system and NOT a reversion
to the mean system - which I think you guys like better anyway
because reversion to the mean systems only short rallies in
downtrends and buy pullbacks in uptrends and many people have
trouble understanding that concept, they miss a lot of big trending
moves because they always need a reversion to the mean in order to
enter.
I should be able to take the rules for the XLE system and apply
that to the S&P 500 and BPSPX (Bullish Percent SPX) and also
come up with a swing SPX system which is similar to the XLE
system.
Also I should be able to do the same thing for the Nasdaq or NDX
using the NASI or BPSPX and come up with a swing system for the
QQQ's.
Posted by shinings on 12th of Dec 2012 at 01:15 pm
Matt, I trust you on the decision of closing this system and
just using the RSI 2 system instead. Is there a time frame when
that is going to be available, and what's the best way to access
that as clean and as straightforward as this one, i.e. clicking on
a tab and all the info is there?
Hello thanks for the feedback, yes I didn't come to
that decision lightly, I don't like to give up on things,
but I think it's the best choice.
we got so many irons in the fire right now, new home page, gonna
be bringing a futures trading room to BPT where we call out trades,
and of course this SPX RSI 2 systems, I need to put those into the
mechanical systems section.
one thing I've been offering folks is all these systems coded
and setup in Tradestation - I have 16 versions, from daily systems,
to 60 min versions, on the SPX index, and ETF's like SPY, GDX,
AAPL. So I have a lot to do over the next few weeks
SPY system comments
Posted by matt on 4th of Dec 2012 at 11:58 pm
After a lot of thought I've decided that I'm going to replace this SPY system that we have all struggled with for the last year with the RSI 2 SPX system that I post on the regular blog. The stats are not as high nor is the profit as high historically, however they are not bad and it also has a lot of similar trades to the SPY system. Also I've fully disclosed the system settings and I'm even going to have the TS code for the system in the Store.
I plan to send signals out for the BPT RSI 2 system to the website - this system has nice stats going all the way back to 1980.
Also I have canceled all SPY memberships, there will be no rebilling in the future or ever for it - anyway I think most people have written off the SPY system here per the lack of comments, thus I think this is the best course of action. The BPT RSI 2 system will be placed in the 'Mechanical Systems' section of the website, and I will also be taking this board down in the near future, I like the tabbed view so perhaps we can replace it with something else? any ideas?
As you know I have an XLE swing system that I will be placing into the Mechanical Systems section that has much nicer stats than this old SPY system. It's a swing system and NOT a reversion to the mean system - which I think you guys like better anyway because reversion to the mean systems only short rallies in downtrends and buy pullbacks in uptrends and many people have trouble understanding that concept, they miss a lot of big trending moves because they always need a reversion to the mean in order to enter.
I should be able to take the rules for the XLE system and apply that to the S&P 500 and BPSPX (Bullish Percent SPX) and also come up with a swing SPX system which is similar to the XLE system.
Also I should be able to do the same thing for the Nasdaq or NDX using the NASI or BPSPX and come up with a swing system for the QQQ's.
Matt, I trust you on
Posted by shinings on 12th of Dec 2012 at 01:15 pm
Matt, I trust you on the decision of closing this system and just using the RSI 2 system instead. Is there a time frame when that is going to be available, and what's the best way to access that as clean and as straightforward as this one, i.e. clicking on a tab and all the info is there?
thanks and have a great holiday!
Hello thanks for the feedback,
Posted by matt on 19th of Dec 2012 at 03:18 pm
Hello thanks for the feedback, yes I didn't come to that decision lightly, I don't like to give up on things, but I think it's the best choice.
we got so many irons in the fire right now, new home page, gonna be bringing a futures trading room to BPT where we call out trades, and of course this SPX RSI 2 systems, I need to put those into the mechanical systems section.
one thing I've been offering folks is all these systems coded and setup in Tradestation - I have 16 versions, from daily systems, to 60 min versions, on the SPX index, and ETF's like SPY, GDX, AAPL. So I have a lot to do over the next few weeks
How about keeping this page
Posted by pebs on 5th of Dec 2012 at 09:50 am
How about keeping this page up as a 'swing system' page?
yep that's a good idea,
Posted by matt on 5th of Dec 2012 at 10:14 am
yep that's a good idea, also I think the blog could also be broken down into multiple tabs honestly.