SPY system trade stop, also ES as well

    Posted by matt on 26th of Jun 2019 at 03:23 pm

    so on the SPY breakout trade, like I said it has a fairly stop use of stops. Because of the nature of the trade, they are always entered above the ATR Trailing stop.  Generally when the trade is entered price is well above the ATR trailing stop, which is the first stop of the system. However because the system entered yesterday after a pullback price is now close to the ATR. Price needs to rally up here soon otherwise the trade will stop out.

    here's an example of the breakout trade on ES and SPY, with various indicators. For stops the system uses things like the ATR trailing stop, PSAR, and momentum. Anyway notice how close price is to the ATR now, a close below that would stop the trade out.  SPY is still over it slightly but ES could stop out if it goes back down to the lows today. On SPY would be a close below 290.1 looks like

    thanks for this.  stop out

    Posted by shecar on 26th of Jun 2019 at 04:00 pm

    thanks for this.  stop out based on the close or intraday?

    the post says the close

    Posted by matt on 26th of Jun 2019 at 04:04 pm

    the post says the close for that initial one. others are intra bar

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