yeah there are a lot of rules that work together, heck there's a
lot of filters too that either delay trades for better prices or
cause the system no to take a trade, the system also looks at gaps
and even candlesticks! for example I have one rule where if there
is a bullish morning star pattern occurring where the system would
normally look to exit, the system recognizes that it's a bullish
candlestick and will then decide to hold the trade for longer
etc,
lots and lots of stuff - that's why I get annoyed when someone
who knows nothing about the system tells me, 'Oh it's probably just
a back tested' mess of variables that will break down in real
trading - yes some things were back tested like the momentum vs
other other indicators like RSI and MACD and MA's and I found that
the momentum worked best, but otherwise many things were not back
tested such as that 34 Stochastics and other rules, I added a lot
of rules that just made logical sense and therefore didn't need to
be back tested.
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yeah there are a lot
SPY Pro System comments with Video and trade logic example
Posted by matt on 5th of Sep 2013 at 03:13 pm
yeah there are a lot of rules that work together, heck there's a lot of filters too that either delay trades for better prices or cause the system no to take a trade, the system also looks at gaps and even candlesticks! for example I have one rule where if there is a bullish morning star pattern occurring where the system would normally look to exit, the system recognizes that it's a bullish candlestick and will then decide to hold the trade for longer etc,
lots and lots of stuff - that's why I get annoyed when someone who knows nothing about the system tells me, 'Oh it's probably just a back tested' mess of variables that will break down in real trading - yes some things were back tested like the momentum vs other other indicators like RSI and MACD and MA's and I found that the momentum worked best, but otherwise many things were not back tested such as that 34 Stochastics and other rules, I added a lot of rules that just made logical sense and therefore didn't need to be back tested.