Hello, as you know, the SPY RSI 2 and SPY Ver 2 systems are
currently in long positions, while the SPY Pro system is flat.
Today the SPY Ver 2 system today received an exit signal and
therefore will be exiting its current long position tomorrow
morning at the market open and going to a cash position.
Remember both the SPY Pro and Ver 2 systems exit their longs
on the next day open vs at the close.
The SPY RSI 2 system will continue to hold it's position.
I will reflect this tomorrow morning in the mechanical systems
section,
click here
CLICK HERE for a full performance report off all three SPY systems
combined
Also an early notification - it looks like the momentum
indicator on the SPY RSI 2 system has flipped red, this system
would exit TODAY at the close, NOT tomorrow at the open like the
SPY Ver 2 did. I'll of course confirm it later today for an
official notice
Hi Matt, this performance report off all three SPY system
differs from the 1st., performance table you send a couple of days
back! Can it probably be that you use SPY pro single entry/exit
versus the current one with the scale out version? can you please
clarify this for the members!
hello cuqui69 - yes the new combined performance reports is
slightly different. The trades are the same, the allocation
percentages changed.
The first report I think had each of the 3 SPY systems as 100K
each and also treated them evenly at 33.3% each. However this
new report I changed the dollar amount allocations on each system
to 40K for the SPY Pro from 100K, and to 30K each for the SPY RSI 2
and 30K for the SPY Ver 2 systems for a 100K total. This
makes the math all work out correctly and represents how I'll be
sending the trades to Ditto Trade Broker
For example if the SPY Pro system goes long, I'll tell the Ditto
Trade guys to go long a 40% position for SPY. If the SPY Ver
2 system goes long I'll tell them to go long 18% SPY (if it's the
first position because SPY Ver 2 scales in 60% and 40% and 60% of
30% is 18%), see my math the other day
actually the indicator just turned positive - but should we drop
4 - 5 points before the close I think it will turn back red, so
I'll wait to confirm this
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SPY Mechanical Systems Trade alert
Posted by matt on 9th of Feb 2015 at 04:24 pm
Hello, as you know, the SPY RSI 2 and SPY Ver 2 systems are currently in long positions, while the SPY Pro system is flat. Today the SPY Ver 2 system today received an exit signal and therefore will be exiting its current long position tomorrow morning at the market open and going to a cash position. Remember both the SPY Pro and Ver 2 systems exit their longs on the next day open vs at the close.
The SPY RSI 2 system will continue to hold it's position.
I will reflect this tomorrow morning in the mechanical systems section, click here
CLICK HERE for a full performance report off all three SPY systems combined
SPY Mechanical Systems Trade alert
Posted by matt on 10th of Feb 2015 at 09:30 am
As I stated yesterday, the SPY Ver 2 system would be exiting on the open, here's the chart and confirmation
Also an early notification -
Posted by matt on 10th of Feb 2015 at 09:38 am
Also an early notification - it looks like the momentum indicator on the SPY RSI 2 system has flipped red, this system would exit TODAY at the close, NOT tomorrow at the open like the SPY Ver 2 did. I'll of course confirm it later today for an official notice
Hi Matt, this performance report off
Posted by cuqui69 on 9th of Feb 2015 at 04:41 pm
Hi Matt, this performance report off all three SPY system differs from the 1st., performance table you send a couple of days back! Can it probably be that you use SPY pro single entry/exit versus the current one with the scale out version? can you please clarify this for the members!
Regards
hello cuqui69 - yes the
Posted by matt on 10th of Feb 2015 at 09:44 am
hello cuqui69 - yes the new combined performance reports is slightly different. The trades are the same, the allocation percentages changed.
The first report I think had each of the 3 SPY systems as 100K each and also treated them evenly at 33.3% each. However this new report I changed the dollar amount allocations on each system to 40K for the SPY Pro from 100K, and to 30K each for the SPY RSI 2 and 30K for the SPY Ver 2 systems for a 100K total. This makes the math all work out correctly and represents how I'll be sending the trades to Ditto Trade Broker
For example if the SPY Pro system goes long, I'll tell the Ditto Trade guys to go long a 40% position for SPY. If the SPY Ver 2 system goes long I'll tell them to go long 18% SPY (if it's the first position because SPY Ver 2 scales in 60% and 40% and 60% of 30% is 18%), see my math the other day
so even with today's rally,
Posted by matt on 10th of Feb 2015 at 02:34 pm
so even with today's rally, the SPY RSI 2 system is still going to exit at the close and go to a cash position. I'll send out an official email
actually the indicator just turned
Posted by matt on 10th of Feb 2015 at 02:43 pm
actually the indicator just turned positive - but should we drop 4 - 5 points before the close I think it will turn back red, so I'll wait to confirm this