I too am confused about the signal generated from just one of
the subsystems versus a signal generated from the main SPY system.
I posted a question here yesterday asking Matt about this but he
never replied. Although the FAQ about the SPY system never goes
into detail about it I always assumed the main SPY system is based
on a majority of the sub-systems giving a signal.
I asked Matt yesterday was the signal he posted based just on
the one sub system he mentioned (Trap Sub) or was it based on a
majority of the subsystems giving a signal. I would only want to
trade the main SPY system due to its good record over the years.
Another question for Matt/Steve, is the record of the SPY system
based on a combination of its subsystems giving signals or is it
based just on one or two of the subsystems giving a signal.
Posted by shanebofl on 31st of Jan 2018 at 06:04 pm
Brief Explanation: victorh and bulf6285 - I understand your
confusion. I've been a member for about 18 months now and I needed
clarification in the beginning also. Although Matt will probably
address your questions (in the newsletter or in this community
forum), I'll try to give you a brief explanation. The "official"
SPY Pro system is first come-first-served. In other words, the
first of the 23 subsystems to trigger as a buy is what is tracked
in the SPY Pro system results. And the system stays long until that
particular subsystem exits the trade (even if other subsystems
trigger a buy and/or sell afterwards). Keep in mind, I believe it's
only been a live system since the middle of 2016. All other results
are just backtesting (results of what would have been if the system
were running using the current settings). Now, while the "official"
SPY Pro system has a live trade, there can be any number of other
subsystems that trigger a trade. Matt mentions them to us as a
courtesy since many of us like to trade all of the individual
subsystems (myself included). They all have 80% or better success
rate so I like to trade every time any of them trigger. As bulf6285
mentioned, perhaps a better naming system would help alleviate the
confusion to the constant new members. Or they could be tracked
separately under the SYSTEMS tab on the website. Maybe a SPY Pro
Main tab/section only tracking the "official" main system (that
follows only the current triggered subsystem). And then another
tracking section (maybe called SPY Subsystems or SPY Pro
Subsystems-Experienced Traders Only.) which lists all of the
individual systems and if any are currently triggered.
I too am confused about
Matt/Steve, I know a lot of the members asked to ...
Posted by victorh on 31st of Jan 2018 at 05:24 pm
I too am confused about the signal generated from just one of the subsystems versus a signal generated from the main SPY system. I posted a question here yesterday asking Matt about this but he never replied. Although the FAQ about the SPY system never goes into detail about it I always assumed the main SPY system is based on a majority of the sub-systems giving a signal.
I asked Matt yesterday was the signal he posted based just on the one sub system he mentioned (Trap Sub) or was it based on a majority of the subsystems giving a signal. I would only want to trade the main SPY system due to its good record over the years. Another question for Matt/Steve, is the record of the SPY system based on a combination of its subsystems giving signals or is it based just on one or two of the subsystems giving a signal.
Brief Explanation: victorh and bulf6285
Posted by shanebofl on 31st of Jan 2018 at 06:04 pm
Brief Explanation: victorh and bulf6285 - I understand your confusion. I've been a member for about 18 months now and I needed clarification in the beginning also. Although Matt will probably address your questions (in the newsletter or in this community forum), I'll try to give you a brief explanation. The "official" SPY Pro system is first come-first-served. In other words, the first of the 23 subsystems to trigger as a buy is what is tracked in the SPY Pro system results. And the system stays long until that particular subsystem exits the trade (even if other subsystems trigger a buy and/or sell afterwards). Keep in mind, I believe it's only been a live system since the middle of 2016. All other results are just backtesting (results of what would have been if the system were running using the current settings). Now, while the "official" SPY Pro system has a live trade, there can be any number of other subsystems that trigger a trade. Matt mentions them to us as a courtesy since many of us like to trade all of the individual subsystems (myself included). They all have 80% or better success rate so I like to trade every time any of them trigger. As bulf6285 mentioned, perhaps a better naming system would help alleviate the confusion to the constant new members. Or they could be tracked separately under the SYSTEMS tab on the website. Maybe a SPY Pro Main tab/section only tracking the "official" main system (that follows only the current triggered subsystem). And then another tracking section (maybe called SPY Subsystems or SPY Pro Subsystems-Experienced Traders Only.) which lists all of the individual systems and if any are currently triggered.
The SPY system is made
Posted by cghursh on 31st of Jan 2018 at 05:55 pm
The SPY system is made up of a number of subsystems. When any one or more of them fire, the SPY system is considered triggered.