Hello everyone, as you know the SPY Pro system went long last
week on Tuesday at the close at a price of $186.78.
The scaleout versoni scaled out of 20% of its shares last
Thursday at the 1% initial gain and has 80% left.
The
next scaleoutcomes in at a price of
$191.45for another
20% of its shares. This will be the last scaleout and if
achieved the system will keep the remaining 60% shares until the
trade is closed out.
If you are follow the scaleout version simply set a GTC sell
limit price for $191.45 so that it will automatically be executed
for you.
By the way, I've officially decided to go with the 2 scale out
version for the SPY Pro system vs the 3 scale out after a lot of
feedback from you guys. I'll be going with the 20% at 1.25%
scale out and 20% at 2.75% scale out. This allows the system
to make about another 61K and still have about 96% winning trades.
Again you can simply ignore the scaleouts if you wish as many
choose to do.
I've adjusted the text on the website (
here's a link)- however officially we won't start this until the next
trade
also as I stated early I plan to add some new trade logic that
should increase the number of trades to the system and bump up the
performance even more!
Posted by tradexguy on 13th of May 2014 at 02:55 pm
Matt
I want to
paireach SPYPRO GTC scaleout order with a
conditional
stop (e.g.,
-1.00%, ATR, etc.). This gives me some protection
when I'm out of pocket and not attending my trades.
So could you give me some guidance or ideas on how best to setup
my stops with your SPYPRO system? I would use any
generated SPYPRO signals to override my actual placed
stops or GTC orders.
Thanks
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SPY Pro Next Scaleout Target price notification
Posted by matt on 13th of May 2014 at 09:59 am
Hello everyone, as you know the SPY Pro system went long last week on Tuesday at the close at a price of $186.78.
The scaleout versoni scaled out of 20% of its shares last Thursday at the 1% initial gain and has 80% left.
The next scaleout comes in at a price of $191.45for another 20% of its shares. This will be the last scaleout and if achieved the system will keep the remaining 60% shares until the trade is closed out.
If you are follow the scaleout version simply set a GTC sell limit price for $191.45 so that it will automatically be executed for you.
By the way, I've officially
Posted by matt on 13th of May 2014 at 10:18 am
By the way, I've officially decided to go with the 2 scale out version for the SPY Pro system vs the 3 scale out after a lot of feedback from you guys. I'll be going with the 20% at 1.25% scale out and 20% at 2.75% scale out. This allows the system to make about another 61K and still have about 96% winning trades.
Again you can simply ignore the scaleouts if you wish as many choose to do.
I've adjusted the text on the website ( here's a link )- however officially we won't start this until the next trade
also as I stated early I plan to add some new trade logic that should increase the number of trades to the system and bump up the performance even more!
SPY Pro Scaleout and Stops
Posted by tradexguy on 13th of May 2014 at 02:55 pm
Matt
I want to paireach SPYPRO GTC scaleout order with a conditional stop (e.g., -1.00%, ATR, etc.). This gives me some protection when I'm out of pocket and not attending my trades.
So could you give me some guidance or ideas on how best to setup my stops with your SPYPRO system? I would use any generated SPYPRO signals to override my actual placed stops or GTC orders.
Thanks