FYI the SPY Pro and SPY Ver 2 systems may take a long position
today at the close. The SPY Ver 2 system would take a 60%
position and would need a lower close of at least 0.5% to take the
other 40%. One could also do the same with the SPY Pro system
as well, however I also have a scale out component to this one
where it takes 20% profits after a 1% gain, a 2.5% gain, and a 4.5%
gain, this is all covered in the overview section for that system.
If the systems take a long I will send out an end of day
email notification and I will also update the Tradestation Systems
section of the website shortly after the close.
Otherwise the market remains heavy and over time we feel that
the market correction has more to go, the question is, will the
systems be able to get out for a profit or will they get trapped?
Hard to say, systems are not infallible and they have not had
a losing trade in nearly a year now, so perhaps they are do??
Anyway you will have to decide if you wish to play the
systems or not, I'm simply reporting the trades. Longer term
of course the systems should do fine, but they will have losing
trades from time to time just like any system.
Some of you have asked me where would the systems stop out on a
bad trade? This too is covered in the overview section for each
trade - the SPY Pro and SPY Ver 2 systems need a close over the 8
day MA at minimum to close the trade out - this has the effect of
exiting a bad trade on a bounce at higher prices. These two
systems also have 10.5% hard stop, hopefully that is not
hit.
Otherwise the DVY RSI 2 system is long and it has a MUCH tighter
stop of 4%
For the SPY Pro which took a long yesterday, if one decided to
do the scale out portion, the first scale out would be at $166.42
where it would sell 20% of the position (1% gain), the second scale
out is at 2.5%. I just hope that the system can get out a
scale out or even close the position before the market dumps again
honesty because I think lower prices are coming over time.
hopefully this cuts down on some confusion, regarding the SPY
systems and DVY system etc, I eliminated the 'Tradestaion Systems'
tab and moved these to the Mechanical Systems section - because I
had so many member who had no idea about the SPY systems and would
never click on the Tradestation Systems tab because they don't have
Tradstation, even though you obviously don't need TS as I send the
signals on, now if you have TS you can have the systems installed
on your computer.
SPY Pro and SPY Ver 2 system may take a long position today
Posted by matt on 19th of Aug 2013 at 02:39 pm
FYI the SPY Pro and SPY Ver 2 systems may take a long position today at the close. The SPY Ver 2 system would take a 60% position and would need a lower close of at least 0.5% to take the other 40%. One could also do the same with the SPY Pro system as well, however I also have a scale out component to this one where it takes 20% profits after a 1% gain, a 2.5% gain, and a 4.5% gain, this is all covered in the overview section for that system. If the systems take a long I will send out an end of day email notification and I will also update the Tradestation Systems section of the website shortly after the close.
Otherwise the market remains heavy and over time we feel that the market correction has more to go, the question is, will the systems be able to get out for a profit or will they get trapped? Hard to say, systems are not infallible and they have not had a losing trade in nearly a year now, so perhaps they are do?? Anyway you will have to decide if you wish to play the systems or not, I'm simply reporting the trades. Longer term of course the systems should do fine, but they will have losing trades from time to time just like any system.
Some of you have asked me where would the systems stop out on a bad trade? This too is covered in the overview section for each trade - the SPY Pro and SPY Ver 2 systems need a close over the 8 day MA at minimum to close the trade out - this has the effect of exiting a bad trade on a bounce at higher prices. These two systems also have 10.5% hard stop, hopefully that is not hit.
Otherwise the DVY RSI 2 system is long and it has a MUCH tighter stop of 4%
For the SPY Pro which
Posted by matt on 20th of Aug 2013 at 10:50 am
For the SPY Pro which took a long yesterday, if one decided to do the scale out portion, the first scale out would be at $166.42 where it would sell 20% of the position (1% gain), the second scale out is at 2.5%. I just hope that the system can get out a scale out or even close the position before the market dumps again honesty because I think lower prices are coming over time.
hopefully this cuts down on
Posted by matt on 20th of Aug 2013 at 11:11 am
hopefully this cuts down on some confusion, regarding the SPY systems and DVY system etc, I eliminated the 'Tradestaion Systems' tab and moved these to the Mechanical Systems section - because I had so many member who had no idea about the SPY systems and would never click on the Tradestation Systems tab because they don't have Tradstation, even though you obviously don't need TS as I send the signals on, now if you have TS you can have the systems installed on your computer.
Dear Matt, How can I
Posted by cuqui69 on 20th of Aug 2013 at 11:16 am
Dear Matt, How can I install the system on my computer?