GOOGL volatility system went short

    Posted by matt on 21st of Mar 2024 at 04:45 pm

    again system based on the VXGOG volatility index of Google with the bollinger bands, again basically similar to the VIX Bollinger band system

    GOOGL Vol system did not

    Posted by matt on 25th of Mar 2024 at 10:13 am

    GOOGL Vol system did not short - details

    I need to report this since I posted it last Thursday - I showed the GOOGL Volatility system taking a short - I actually took the trade. Well, on Friday was my Dad's funeral and I wasn't here. When I opened Tradestation on the weekend after rebooting the computer the short was NO LONGER showing on the GOOGL chart!

    What happened.....

    What I think happens is that apparently these volatility indexes on Tradestation are not updating their final price until 15 min after the close - it's probably something to with waiting for all the option data to be complied to final prices 15 min after the close. I'm not fully sure but apparently these volatility indexes do have their final closing bar at the 4 pm cash market close but instead af 4:15

    anyway point is, for these I need to wait until after that time before posting and the charts should be hard refreshed to get new data to confirm a trade. 

    sorry about that, but figured I needed to provide an update in case anyone took that short. I took the short myself, so I took a small losing trade, hopefully others didn't follow it, but if you did now you know that it didn't short and you can decide to close the position. 

    anyway with these systems there's always some weird things like this that you don't think of or know about until it happens - lot of complexity basically

    So that is  positive for

    Posted by mdgfain on 21st of Mar 2024 at 07:32 pm

    So that is  positive for GOOGL, , I presume?

    I don't think so. I

    Posted by DigiNomad on 21st of Mar 2024 at 07:42 pm

    I don't think so. I believe it's a short GOOG signal....but it's the short term reversion to mean type. Nothing to really worry about if you're in for the longer term, IMO.  I would personally love to add on a gap fill around 145. 

    Thanks, Digi!  I had no

    Posted by mdgfain on 21st of Mar 2024 at 07:53 pm

    Thanks, Digi!  I had no idea!

    yes the volatility systems trades

    Posted by matt on 21st of Mar 2024 at 07:53 pm

    yes the volatility systems trades are very short term, a few days generally, it took a short, not a long.

    here's the stats on the GOOG system.  Profit factor of 4. Average time in trades is 3 to 4 days.  368 total trades since 2011 with 73.4% winning trades. Looks like an average of about 30 trades per year.  The stats are based on each trading being $10,000 in size

    I have 12 of these

    Posted by matt on 21st of Mar 2024 at 07:54 pm

    I have 12 of these volatility systems: 6 of them are on ETF's and 6 are on individual stocks

    I would like to eventually get these on their own tables like the KISS systems and have them automatically send buy and sell signals

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!