The way I play the system is that I only take a cross that
happens during the trading day. So a cross that happened the
previous day but I didn't take for whatever reason (eg it wasn't
confirmed until the bar closed) is ignored.
I also tend to ignore crosses that happen in the first 20-30
minutes of trading until the 20-30 minutes is up. With program
trading you can achieve this by setting the trading day to begin at
10.00 am. This ignores any price action before this, and in
particular stops you chasing a gap up/down which reverses.
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The way I play the
S&P 500 15 min chart.png looks like that could be it ...
Posted by unsane on 10th of Nov 2008 at 07:23 pm
The way I play the system is that I only take a cross that happens during the trading day. So a cross that happened the previous day but I didn't take for whatever reason (eg it wasn't confirmed until the bar closed) is ignored.
I also tend to ignore crosses that happen in the first 20-30 minutes of trading until the 20-30 minutes is up. With program trading you can achieve this by setting the trading day to begin at 10.00 am. This ignores any price action before this, and in particular stops you chasing a gap up/down which reverses.