As you know he Ver 2 SPY system went long yesterday and Wed at
the close. The first entry was Wed which was logically too
early and I was not surprised. It took the 2nd entry
yesterday (remember all entries are 0.5% better than the first
entry (this is explained in the
Tradestation Systemssection, the email alert was sent on Wed, and since
yesterday SPY closed down more than a 1/2 percent, the system
scaled into the section trade. This is explained in the
Overview Tab
None of the other reversion to mean systems took a long, such as
the RSI 2 system, or DVY system etc.
Anyway, if price had closed back over the 8 day MA, the system
would have exited because the BPT momentum is still red - the
8 day MA is at $151.93 and SPY closed at 151.88 -
MISSED BY 6 cents!!!!
here's the
performance report to the system -
but again you can get those directly from that section, I was
hoping this could close out today.
I prefer the entries on the other systems as they would take a
deeper pullback/correction to enter a trade
we'll see what happens next week - it only needs a very minor up
day to exit, if we get it.
Note: I plan to do a webinar on these systems and other systems
in order to answer questions etc, I will email out an invitation
when I decided on a date, I will also record it.
As a follow up to my post last Friday, the SPY Ver 2 system
which went long last Wednesday and Thur is doing well so far - a
trade signal email was sent out last week.
All the market has to do is close slightly up today and this
system will get an exit signal - however it will exit tomorrow on
the open and not at the close today - all longs for the SPY Ver 2
system are exited on the next day open vs the close of the day
(make sure to read the
overview tabfor this system). This is explained in the
Tradestation Systems section in the overview tab for this system.
Remember these are reversion to mean systems, they are not
trend followings systems, i.e. they buy pullbacks in uptrends and
short rallies in downtrends - they mostly get in a trade and get
out fairly quickly, once in a while they will hold a trade for a
couple months but most of the time they are in and out fairly
quickly and ONLY in the market about 25% of the time. This
allows you to have your money working somewhere else the other 75%
of the time
The other reversion to mean systems didn't take the long trade
(SPY RSI 2, DVY RSI 2) etc because they needd a deeper pullback.
Only the SPY Ver 2 went long.
I will be setting up a Webinar soon to discuss the systems and
trades in detail.
click hereand submit your email to get on our list - I will send out
an email in the future to notify you.
SPY Ver 2 system update
Posted by matt on 22nd of Feb 2013 at 04:05 pm
As you know he Ver 2 SPY system went long yesterday and Wed at the close. The first entry was Wed which was logically too early and I was not surprised. It took the 2nd entry yesterday (remember all entries are 0.5% better than the first entry (this is explained in the Tradestation Systems section, the email alert was sent on Wed, and since yesterday SPY closed down more than a 1/2 percent, the system scaled into the section trade. This is explained in the Overview Tab
None of the other reversion to mean systems took a long, such as the RSI 2 system, or DVY system etc.
Anyway, if price had closed back over the 8 day MA, the system would have exited because the BPT momentum is still red - the 8 day MA is at $151.93 and SPY closed at 151.88 - MISSED BY 6 cents!!!!
here's the performance report to the system - but again you can get those directly from that section, I was hoping this could close out today.
I prefer the entries on the other systems as they would take a deeper pullback/correction to enter a trade
we'll see what happens next week - it only needs a very minor up day to exit, if we get it.
Note: I plan to do a webinar on these systems and other systems in order to answer questions etc, I will email out an invitation when I decided on a date, I will also record it.
Have a nice weekend
Matt
SPY Ver 2 system follow up
Posted by matt on 25th of Feb 2013 at 09:38 am
As a follow up to my post last Friday, the SPY Ver 2 system which went long last Wednesday and Thur is doing well so far - a trade signal email was sent out last week.
All the market has to do is close slightly up today and this system will get an exit signal - however it will exit tomorrow on the open and not at the close today - all longs for the SPY Ver 2 system are exited on the next day open vs the close of the day (make sure to read the overview tab for this system). This is explained in the Tradestation Systems section in the overview tab for this system. Remember these are reversion to mean systems, they are not trend followings systems, i.e. they buy pullbacks in uptrends and short rallies in downtrends - they mostly get in a trade and get out fairly quickly, once in a while they will hold a trade for a couple months but most of the time they are in and out fairly quickly and ONLY in the market about 25% of the time. This allows you to have your money working somewhere else the other 75% of the time
click here to read about about the SPY Ver 2 system , and here's the full Tradestation Performance report showing all the trades and detailed stats. Also make sure to read the Overview Tab in this section, which explains the systems in general.
The other reversion to mean systems didn't take the long trade (SPY RSI 2, DVY RSI 2) etc because they needd a deeper pullback. Only the SPY Ver 2 went long.
I will be setting up a Webinar soon to discuss the systems and trades in detail.
click here and submit your email to get on our list - I will send out an email in the future to notify you.
Like the idea of a
Posted by pinguin on 22nd of Feb 2013 at 08:40 pm
Like the idea of a webinar. Would love to understand the system better and see if it could be adapted to thinkorswim.
webinars
Posted by perthx on 22nd of Feb 2013 at 04:27 pm
looking forward to it as i have been considering taking a hiatus for 6 months and that might keep me involved