However as I said last night, one of the sub systems went short,
the Trap Trade, see 2nd image. However the main system
doesn't show this because it was still in the trade until this
morning on the open
anyway here's the statistics on this trade type, 12 trades and
100%, see images of the stats
I suppose what I could have done with the system is tell
everyone to exit the long trade this morning and then go short!
That was clearly one option as this trade type has great
stats. However I haven't had a chance to look at how many
times something like that occurs in the past where a long trade
closes out on the open but a short trade could have occurred on
another system on the close of the previous day.
One option is to issue the short for the close today if the
market closes higher than yesterday since it would be at a better
price than the system trade
Posted by ruscitti on 30th of Jun 2016 at 10:57 am
Great trade. One variation I employed on this was when the
System issued the long trade, I waited to actually enter the
trade until I got a trigger off of Steve's candlestick
methodology. In this particular case, it avoided an entry on
the first day which boosted the result. I let the trade take
me out mechanically per the system. Just playing with the
idea, but it worked out and gives additional confidence.
SPY Pro
Posted by matt on 30th of Jun 2016 at 10:27 am
Just confirming that the trade closed out
However as I said last night, one of the sub systems went short, the Trap Trade, see 2nd image. However the main system doesn't show this because it was still in the trade until this morning on the open
anyway here's the statistics on this trade type, 12 trades and 100%, see images of the stats
I suppose what I could have done with the system is tell everyone to exit the long trade this morning and then go short! That was clearly one option as this trade type has great stats. However I haven't had a chance to look at how many times something like that occurs in the past where a long trade closes out on the open but a short trade could have occurred on another system on the close of the previous day.
One option is to issue the short for the close today if the market closes higher than yesterday since it would be at a better price than the system trade
Great trade. One variation I
Posted by ruscitti on 30th of Jun 2016 at 10:57 am
Great trade. One variation I employed on this was when the System issued the long trade, I waited to actually enter the trade until I got a trigger off of Steve's candlestick methodology. In this particular case, it avoided an entry on the first day which boosted the result. I let the trade take me out mechanically per the system. Just playing with the idea, but it worked out and gives additional confidence.
Did you use a daily,
Posted by frtaylor on 30th of Jun 2016 at 12:38 pm
Did you use a daily, 60 min, 30 min?
The max draw down on
Posted by matt on 30th of Jun 2016 at 10:41 am
The max draw down on that particular short trade is -2.3%