I have to figure it out, that system has quite a few exit
options depending if price is above or below the ATR
some exits: %R 10 length exit at 17, DVDS 60 length exit at
0.25, RSI exit at 23%, could also be an exit above ATR, kind of
complicated, I'll have to look more at it again
yeah I don't see those target levels exiting easily - I'll run a
few backtests to see if I can find some better settings - but again
the reason why I closed it out was because that system can get
stuck in a trade for a while so I wanted to be safe. Everyone
should have nice profits in it regardless if they closed when I did
or not
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SPX view
Posted by matt on 4th of May 2023 at 11:30 am
$SPX - Chart Link- another view on this expanding coil could have this being wave e, then you get a bounce?
onus is clearly on you guys LOL I mean the bulls
Matt, then when do you
Posted by junkie on 4th of May 2023 at 11:38 am
Matt, then when do you expect the DVDS short to close based on your wave count at hand? Based on this count, the trade should be closing today.
I entertain a count of dropping in 5 waves into 4020. It is an A-B-C down from May 3rd high. Wave 3 of C likely has completed today.
I have to figure it
Posted by matt on 4th of May 2023 at 11:49 am
I have to figure it out, that system has quite a few exit options depending if price is above or below the ATR
some exits: %R 10 length exit at 17, DVDS 60 length exit at 0.25, RSI exit at 23%, could also be an exit above ATR, kind of complicated, I'll have to look more at it again
Hi Matt, just out of
Posted by crossharry on 5th of May 2023 at 11:14 am
Hi Matt, just out of interest, is the DVDS short still in play as per the rules of the code?
yeah I don't see those
Posted by matt on 5th of May 2023 at 11:15 am
yeah I don't see those target levels exiting easily - I'll run a few backtests to see if I can find some better settings - but again the reason why I closed it out was because that system can get stuck in a trade for a while so I wanted to be safe. Everyone should have nice profits in it regardless if they closed when I did or not