I have converted two of the SPY sub systems to next bar open: QE
3.2 and Bear long. The Bear Long stats improved substantially as I
tweaked some settings and ran tests.
a long way to go still. I can probably complete the longs this
week, then the shorts
the 1st entries will be easy - go long or go short the next
morning on the open. Where it becomes somewhat trickier is the 2nd
or 3rd entries. There are some cases where buying the next morning
if a large gap occurred, you would be taking a 2nd or 3rd entry at
higher prices than the previous entry - which isn't what I want.
So, for the 2nd and 3rd entries, I'll be giving you guys buy limit
orders for longs and sell limit orders for shorts - basically you
either get filled or you don't. In most cases you will, but in some
cases you will not if a large gap occurs
Hi Matt, can you plspost where I can find the explanations for
QE 3.2 and Bear Long : are those supposed to be
long entries or short entries. Sorry, my head can't keep up
with these abbreviated systems.. I'm sure you've posted it
someplace before. Thanks if anyone can help by posting in
blog.
5.
Bear Long- a special type long trade that mostly
occurs in bear market conditions, very stringent conditions
and rare but very reliable. various filters built in here to
allow it to exit quickly if need to for a small bounce only,
or hold the trade for 1 - 2 months if conditions look ripe
for a strong move off the lows
QE 3.2 is a long that occurs only when price is deeply oversold
and below the 200 day MA - cannot occur above the 200 day MA. I
don't any need to go into exact details and settings that are
proprietary. One doesn't have to understand exactly what the
systems are doing to trade them.
what matters more is having a plan in place for oneself that
fits their personal risk tolerance and goals, and that includes for
the systems
I have converted two of
SPY systems - what I'm planning
Posted by matt on 16th of Jan 2023 at 12:00 pm
I have converted two of the SPY sub systems to next bar open: QE 3.2 and Bear long. The Bear Long stats improved substantially as I tweaked some settings and ran tests.
a long way to go still. I can probably complete the longs this week, then the shorts
the 1st entries will be easy - go long or go short the next morning on the open. Where it becomes somewhat trickier is the 2nd or 3rd entries. There are some cases where buying the next morning if a large gap occurred, you would be taking a 2nd or 3rd entry at higher prices than the previous entry - which isn't what I want. So, for the 2nd and 3rd entries, I'll be giving you guys buy limit orders for longs and sell limit orders for shorts - basically you either get filled or you don't. In most cases you will, but in some cases you will not if a large gap occurs
Hi Matt, can you plspost
Posted by imelhoe on 16th of Jan 2023 at 07:54 pm
Hi Matt, can you plspost where I can find the explanations for QE 3.2 and Bear Long : are those supposed to be long entries or short entries. Sorry, my head can't keep up with these abbreviated systems.. I'm sure you've posted it someplace before. Thanks if anyone can help by posting in blog.
bear long has been described
Posted by matt on 16th of Jan 2023 at 08:03 pm
bear long has been described 100 times before.
5. Bear Long- a special type long trade that mostly occurs in bear market conditions, very stringent conditions and rare but very reliable. various filters built in here to allow it to exit quickly if need to for a small bounce only, or hold the trade for 1 - 2 months if conditions look ripe for a strong move off the lows
QE 3.2 is a long that occurs only when price is deeply oversold and below the 200 day MA - cannot occur above the 200 day MA. I don't any need to go into exact details and settings that are proprietary. One doesn't have to understand exactly what the systems are doing to trade them.
what matters more is having a plan in place for oneself that fits their personal risk tolerance and goals, and that includes for the systems
Thanks Matt
Posted by imelhoe on 16th of Jan 2023 at 08:07 pm
Thanks Matt