Thanks Matt, nice to have the SPY trades updating daily on the
website. Does the trade now not exit until the momentum indicator
goes red? If that's correct, how much does the system typically
need to pull back in percent terms to flip back to red?
also your comment about update daily - I'm not updating the
table in the SPY section daily, just posting it here. It's kind of
a PITA to update that section, so most of the time I update the
table there when the trade closes out or there is a new trade.
However been posting it here so you guys can see the numbers
yes will exit when the momentum goes red, so it's sort of like a
stop because if the market started selling off it would go red and
exit, can't get stuck in a trade. Also if the trade was held long
enough by momentum that the 34 length stochastic went over 80%, it
would then hold by that until the Stochastic fell below 80%. I
would LOVE for something that like to occur as in the past have
been the monster 2 plus month trades, they are rare but do occur
once in a while.
Thanks Matt, nice to have
hold spy?
Posted by puma on 5th of Jun 2019 at 04:16 pm
Thanks Matt, nice to have the SPY trades updating daily on the website. Does the trade now not exit until the momentum indicator goes red? If that's correct, how much does the system typically need to pull back in percent terms to flip back to red?
also your comment about update daily - I'm not updating the table in the SPY section daily, just posting it here. It's kind of a PITA to update that section, so most of the time I update the table there when the trade closes out or there is a new trade. However been posting it here so you guys can see the numbers
yes will exit when the
Posted by matt on 5th of Jun 2019 at 04:19 pm
yes will exit when the momentum goes red, so it's sort of like a stop because if the market started selling off it would go red and exit, can't get stuck in a trade. Also if the trade was held long enough by momentum that the 34 length stochastic went over 80%, it would then hold by that until the Stochastic fell below 80%. I would LOVE for something that like to occur as in the past have been the monster 2 plus month trades, they are rare but do occur once in a while.
where do i find the
Posted by Breakdown on 5th of Jun 2019 at 04:37 pm
where do i find the momentum indicator on this website?
that's a proprietary bpt indicator
Posted by matt on 5th of Jun 2019 at 05:01 pm
that's a proprietary bpt indicator in Tradestation that I use for various systems, it's not on the website
Thanks for the explanation....I'd LOVE
Posted by puma on 5th of Jun 2019 at 04:34 pm
Thanks for the explanation....I'd LOVE that too...so far real nice trade