no doesn't look like it yet. Anyway nice exit on those two
system trades on that bounce.
By the way do you recall when I added that extra sell condition
to the Trend/Pullback condition back in Mar after the original
version got trapped buying too early? Well it was that new
condition that triggered this time to close the trade out. The
original version would still be long! So that extra condtion I
added did it's job
yesterday I made the comments about I added that extra extra
filter back in late March to the Trend/Pullback system to give it
an extra opportunity to exit.
here's a good visual example: the top chart is the original
Trend/Pullback, which as you know got caught in that horrible
downtrend in March. In late March I made that modification adding
the exit filter exit and you can see the difference how this one
exited in late March on that bounce, and exited this last time -
notice the original one is still long and did not exit the other
day.
again as I stated there's some give and take here. The
newer trend/pullback exits early all the time and doesn't catch the
longer trades, you can see this here, notice the June time frame
the original one had a longer better trade there vs the new one.
One thing I mentioned that I just haven't had the time to do, is
I think I can add yet another filter to the Trend that will at
times allow the Trend to hold for the original exit as long as the
market is up trending. Remember the additional exit condition
I added in late March was in reaction to that to prevent conditions
like that from happening. I'll keep that condition in place but I
think I can add another one that can hold longer at times but with
a stop in case price crashes.
anyway it's a Friday, this information has nothing to do
with the market right now, just showing you some inner working
stuff
Oh that's really awesome that the condition kicked in and
worked! Wow, that is good to know that the system is more prepared
for these fast market conditions now.
And, yes, perfect exit on the first two system trades!
yep and that's what one should be doing with systems, over time
you see new conditions, filters and rules to add, you adapt to the
market. You should see the emails I've received over the
years. Most of these people want a system that was set 20
years ago and never touched. While that sounds nice, it's
just not realistic. I don't think systems should be static and
never changed and modified, you can and should add new rules and
filters to them that adjusts with the times
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Any chance the SPY reversion
Posted by cozz101 on 17th of Sep 2020 at 11:59 am
Any chance the SPY reversion to mean system takes another trade today?
no doesn't look like it
Posted by matt on 17th of Sep 2020 at 12:40 pm
no doesn't look like it yet. Anyway nice exit on those two system trades on that bounce.
By the way do you recall when I added that extra sell condition to the Trend/Pullback condition back in Mar after the original version got trapped buying too early? Well it was that new condition that triggered this time to close the trade out. The original version would still be long! So that extra condtion I added did it's job
yesterday I made the comments
Posted by matt on 18th of Sep 2020 at 10:08 am
yesterday I made the comments about I added that extra extra filter back in late March to the Trend/Pullback system to give it an extra opportunity to exit.
here's a good visual example: the top chart is the original Trend/Pullback, which as you know got caught in that horrible downtrend in March. In late March I made that modification adding the exit filter exit and you can see the difference how this one exited in late March on that bounce, and exited this last time - notice the original one is still long and did not exit the other day.
again as I stated there's some give and take here. The newer trend/pullback exits early all the time and doesn't catch the longer trades, you can see this here, notice the June time frame the original one had a longer better trade there vs the new one.
One thing I mentioned that I just haven't had the time to do, is I think I can add yet another filter to the Trend that will at times allow the Trend to hold for the original exit as long as the market is up trending. Remember the additional exit condition I added in late March was in reaction to that to prevent conditions like that from happening. I'll keep that condition in place but I think I can add another one that can hold longer at times but with a stop in case price crashes.
anyway it's a Friday, this information has nothing to do with the market right now, just showing you some inner working stuff
Oh that's really awesome that
Posted by cozz101 on 17th of Sep 2020 at 12:55 pm
Oh that's really awesome that the condition kicked in and worked! Wow, that is good to know that the system is more prepared for these fast market conditions now.
And, yes, perfect exit on the first two system trades!
yep and that's what one
Posted by matt on 17th of Sep 2020 at 03:42 pm
yep and that's what one should be doing with systems, over time you see new conditions, filters and rules to add, you adapt to the market. You should see the emails I've received over the years. Most of these people want a system that was set 20 years ago and never touched. While that sounds nice, it's just not realistic. I don't think systems should be static and never changed and modified, you can and should add new rules and filters to them that adjusts with the times