FYI - guys the SPY Pro scaleout version just hit its initial
profit target of 1% - therefore the SPY system just sold 20% of its
position which leaves 80% on the table. The next scaleout
comes at 2.5% which won't be hit if the system exits tomorrow on
open.
again all this is discussed on the website in the system section
regarding the various scaleout percentages , so if you intend to
follow this, you should read up on it,
here's a link
Posted by rdmurray1 on 19th of Dec 2013 at 09:55 am
Hey Matt,
Quick question--is the single entry/single exit strategy for the
SPY Pro still viable(I see it's not in the mechanical systems)? If
so what is the profit factor and % winning trades. The reason I ask
is that I trade some of the system with a broker and don't want
commissions to eat up the profit. I also trade on TradeStation.
What are your thoughts trading SSO and SDS with this system?
rdmurray1- I plan to redo that section of the website hopefully
early next year to include all that, right now you can follow a
single entry single exit version on your own by simply ignoring the
scaleouts
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SPY pro achieve's 1st scaleout
Posted by matt on 18th of Dec 2013 at 02:44 pm
FYI - guys the SPY Pro scaleout version just hit its initial profit target of 1% - therefore the SPY system just sold 20% of its position which leaves 80% on the table. The next scaleout comes at 2.5% which won't be hit if the system exits tomorrow on open.
again all this is discussed on the website in the system section regarding the various scaleout percentages , so if you intend to follow this, you should read up on it, here's a link
SPY single entry/exit
Posted by rdmurray1 on 19th of Dec 2013 at 09:55 am
Hey Matt,
Quick question--is the single entry/single exit strategy for the SPY Pro still viable(I see it's not in the mechanical systems)? If so what is the profit factor and % winning trades. The reason I ask is that I trade some of the system with a broker and don't want commissions to eat up the profit. I also trade on TradeStation.
What are your thoughts trading SSO and SDS with this system?
Thanks for your hard work.
Rick
rdmurray1 - I plan to redo
Posted by matt on 19th of Dec 2013 at 10:28 am
rdmurray1 - I plan to redo that section of the website hopefully early next year to include all that, right now you can follow a single entry single exit version on your own by simply ignoring the scaleouts