I read it as: the crossover took place last 15 min Friday but
all trades are exited end of day, thus the trade was effectively
anulled. There was no trade today till the crossover to the
upside for going long SRS.
Maybe we're getting a little nutty here but I guess it's good
for us to understand. I don't think you could exit the SRS trade at
the end of the day Friday because you were not in it. The cross on
the last bar means you go in at the open of the next bar which in
this case was the Monday open. Then it's a whole nother issue
whether you want to modify the system and wait because of the
gap.
Bkout 3, that's what i meant by the trade being anulled: you
wouldn't take any trade on a crossover on the last 15min since you
have to exit MOC. On the other hand, as I understand it, the next
day there would be no trade till the next crossover since the last
signal had occured the day before.
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I read it as: the
S&P 500 15 min chart.png looks like that could be it ...
Posted by Vida on 10th of Nov 2008 at 02:41 pm
I read it as: the crossover took place last 15 min Friday but all trades are exited end of day, thus the trade was effectively anulled. There was no trade today till the crossover to the upside for going long SRS.
Maybe we're getting a little
Posted by bkout3 on 10th of Nov 2008 at 02:59 pm
Maybe we're getting a little nutty here but I guess it's good for us to understand. I don't think you could exit the SRS trade at the end of the day Friday because you were not in it. The cross on the last bar means you go in at the open of the next bar which in this case was the Monday open. Then it's a whole nother issue whether you want to modify the system and wait because of the gap.
Title: nuances Bkout 3, that's what
Posted by Vida on 10th of Nov 2008 at 03:09 pm
Bkout 3, that's what i meant by the trade being anulled: you wouldn't take any trade on a crossover on the last 15min since you have to exit MOC. On the other hand, as I understand it, the next day there would be no trade till the next crossover since the last signal had occured the day before.