nah it's going to vary - it's not a hard set number, I think the
initial stop is below a PSAR or ATR, which will vary in price
the breakout system is the one system that uses a stop initially
out of the mean reversion systems, the mean reversion systems do
not use a stop at first, until you get a mean reversion
bounce.
and I guess technically the breakout is not really a mean
reversion system, I just have it with that mix. The breakout system
has a ton of logic to it, one of the main things it uses for entry
is the ADX with +DMI and -DMI - it looks for +DMI and ADX
expansion
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ES breakout system working out so far
Posted by matt on 15th of May 2024 at 10:49 am
so far working out, stop is still around 5262 that is now ABOVE entry!
that stop is about 0.7%
Posted by matt on 15th of May 2024 at 10:53 am
that stop is about 0.7% above the entry price. I mention that for folks who may have bought ETF's instead, so can use as a guide
the stop is 5262, you can also look at where approximately that would be on SPY or SSO or whatever you bought
Question, what is the suggested
Posted by piclez on 15th of May 2024 at 10:51 am
Question, what is the suggested stop for those breakout trades or other ES system trades? Thanks.
the stop is listed right
Posted by matt on 15th of May 2024 at 10:52 am
the stop is listed right in my post man
At the entry, before the
Posted by piclez on 15th of May 2024 at 10:54 am
At the entry, before the move the stop was what, 50 points, 100 points?
that was also discussed before,
Posted by matt on 15th of May 2024 at 10:58 am
that was also discussed before, was 5182, entry was around 5245
Thanks Matt! I missed that
Posted by piclez on 15th of May 2024 at 11:01 am
Thanks Matt! I missed that discussion then. So can I say the breakout trades should have around 60 points stop when I take those.
nah it's going to vary
Posted by matt on 15th of May 2024 at 11:04 am
nah it's going to vary - it's not a hard set number, I think the initial stop is below a PSAR or ATR, which will vary in price
the breakout system is the one system that uses a stop initially out of the mean reversion systems, the mean reversion systems do not use a stop at first, until you get a mean reversion bounce.
and I guess technically the breakout is not really a mean reversion system, I just have it with that mix. The breakout system has a ton of logic to it, one of the main things it uses for entry is the ADX with +DMI and -DMI - it looks for +DMI and ADX expansion