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
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
yesterday I made the comments
Any chance the SPY reversion to mean system takes another ...
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